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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenue $ 601,000 $ 578,000 $ 1,815,000 $ 1,815,000
Cost of revenue 357,000 499,000 1,095,000 1,619,000
Gross profit 244,000 79,000 720,000 196,000
Operating expenses:        
Research and development 3,000 38,000 8,000 153,000
Sales and marketing 0 66,000 14,000 177,000
General and administrative 1,043,000 1,047,000 2,875,000 3,140,000
Total operating expenses 1,046,000 1,151,000 2,897,000 3,470,000
Operating loss (802,000) (1,072,000) (2,177,000) (3,274,000)
Other (expense) income, net        
Interest income, net 29,000 32,000 103,000 124,000
Unrealized Loss on Fair Value Remeasurement (1,517,000) 0 (1,486,000) 0
Total other (expense) income, net [1] (1,488,000) 32,000 (1,383,000) 124,000
Loss before income taxes (2,290,000) (1,040,000) (3,560,000) (3,150,000)
Income tax expense 0 0 7,000 9,000
Net loss (2,290,000) (1,040,000) (3,567,000) (3,159,000)
Preferred stock dividends 4,000 12,000 29,000 76,000
Warrants, deemed dividend 0 8,974,000 0 8,974,000
Net loss attributable to common stockholders $ (2,294,000) $ (10,026,000) $ (3,596,000) $ (12,209,000)
Net loss attributable to common stockholders per share:        
Basic and diluted net loss per share (in dollars per share) $ (0.74) $ (11.25) $ (1.76) $ (16.6)
Weighted-average number of shares of common stock:        
Basic and diluted (in shares) 3,101,231 890,943 2,049,441 735,286
[1] Other income (expense) for our segments includes interest expense and non-operating income. Corporate other income includes interest income on our cash and cash equivalents and unrealized gains from the fair-value remeasurement of digital assets.