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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating Activities    
Net (Loss) income $ (1,840) $ 465
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 258 53
Stock based compensation 1,039 24
Consultant stock compensation 49
Provision (recovery) for excess and obsolete inventories (20)
Loss on disposal of equipment 3
Changes in operating assets and liabilities:    
Accounts receivable 195 (511)
Inventories (339) (498)
Prepaid expenses and other current assets (6,487) (32)
Other long-term assets (2) (289)
Accounts payable 1,689 395
Operating lease, net 4
Other liabilities 61 203
Accrued liabilities 356 126
Net cash used in operating activities (5,037) (61)
Investing Activities    
Purchases of equipment (1,336) (348)
Purchase of stock in equity investment (750)
Net cash used in investing activities (1,336) (1,098)
Financing Activities    
Proceeds from equity offering 17,250 0
Costs of equity offering (1,495) 0
Proceeds from stock option exercises 84 0
Net cash provided by financing activities 15,839 0
Increase (decrease) in cash 9,466 (1,159)
Cash – beginning of period 2,630 2,510
Cash – end of period 12,096 1,351
Supplemental Disclosure of Cash Flow Information    
 Purchase of miner equipment using restricted stock (207)
 Registration statement fees in prepaids and accounts payable $ 352