v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net (loss) income $ (4,723,000) $ 10,852,000
Net loss from discontinued operations (3,336,000)
Net (loss) income from continuing operations (4,723,000) 14,188,000
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation and amortization 5,201,000 5,638,000
Amortization of debt discount 1,105,000 3,754,000
Amortization of right-of-use assets 374,000 387,000
Stock-based compensation 67,000 1,435,000
Losses (gains) on the sale of fixed assets 161,000 (68,000)
Realized losses (gains) on the sale of crypto assets 35,000 (738,000)
Change in fair value of crypto assets 9,000
Revenue, crypto assets mining (5,198,000) (8,862,000)
Proceeds from the sale of crypto assets 5,227,000 8,634,000
Realized gains on sale of marketable securities (17,900,000)
Unrealized losses (gains) on marketable securities 7,000 (8,899,000)
Unrealized losses (gains) on investments in common stock, related parties 17,000 (84,000)
Income from cash held in trust (21,000)
Provision for loan losses 3,068,000
Loss (gain) on extinguishment of debt 4,569,000 (1,405,000)
Gain on deconsolidation of subsidiary (10,049,000)
Other (580,000) (1,196,000)
Changes in operating assets and liabilities:    
Marketable equity securities (5,000)
Accounts receivable (3,021,000) (990,000)
Inventories 359,000 239,000
Prepaid expenses and other current assets 665,000 501,000
Other assets (31,000) 395,000
Accounts payable and accrued expenses 2,204,000 (7,577,000)
Lease liabilities (352,000) (129,000)
Net cash used in operating activities from continuing operations (3,959,000) (9,630,000)
Net cash used in operating activities from discontinued operations (586,000)
Net cash used in operating activities (3,959,000) (10,216,000)
Cash flows from investing activities:    
Purchase of property and equipment (2,880,000) (1,420,000)
Cash decrease upon deconsolidation of subsidiary (6,000)
Investments in loans receivable (134,000)
Investments in non-marketable equity securities (120,000)
Proceeds from the sale of fixed assets 158,000
Investment in notes receivable, related party (380,000)
Payments (proceeds) from notes receivable, related party 1,945,000 (1,472,000)
Other (8,000) (5,000)
Net cash used in investing activities from continuing operations (1,171,000) (3,151,000)
Net cash provided by investing activities from discontinued operations 1,421,000
Net cash used in investing activities (1,171,000) (1,730,000)
Cash flows from financing activities:    
Gross proceeds from sales of Class A common stock 14,599,000
Financing cost in connection with sales of Class A common stock (513,000)
Proceeds from sales of Series D preferred stock 1,922,000
Proceeds from sales of Series G preferred stock and warrants, related party 860,000 2,000,000
Proceeds from subsidiaries’ sale of stock to non-controlling interests 1,485,000
Distribution to Circle 8 non-controlling interest (170,000)
Proceeds from notes payable 17,906,000 15,484,000
Payments on notes payable (13,794,000) (16,755,000)
Payments on convertible notes payable, related party (188,000)
Proceeds (payments) on notes payable, related party 36,000 (1,894,000)
Payments of preferred dividends (1,966,000) (1,260,000)
Proceeds from sales of convertible notes 1,800,000
Payments on convertible notes (250,000) (1,030,000)
Net cash provided by financing activities from continuing operations 4,714,000 13,558,000
Net cash used in financing activities from discontinued operations (517,000)
Net cash provided by financing activities 4,714,000 13,041,000
Effect of exchange rate changes on cash and cash equivalents from continuing operations 6,000 574,000
Net (decrease) increase in cash and cash equivalents and restricted cash (410,000) 1,669,000
Cash and cash equivalents and restricted cash at beginning of period - continuing operations 25,022,000 11,067,000
Cash and cash equivalents and restricted cash at beginning of period - discontinued operations 4,301,000
Cash and cash equivalents and restricted cash at beginning of period 25,022,000 15,368,000
Cash and cash equivalents and restricted cash at end of period 24,612,000 17,037,000
Less cash and cash equivalents and restricted cash of discontinued operations at end of period (4,664,000)
Cash and cash equivalents and restricted cash of continued operations at end of period 24,612,000 12,373,000
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest - continuing operations 2,699,000 1,438,000
Cash paid during the period for interest - discontinued operations 507,000
Non-cash investing and financing activities:    
Settlement of accounts payable with crypto assets 8,000 8,000
Settlement of interest payable with crypto assets 142,000
Settlement of note payable with crypto assets 506,000
Conversion of convertible notes payable into shares of Class A common stock 417,000
Conversion of debt and equity securities to marketable securities 1,810,000
Exchange of related party advances for investment in other equity securities, related party 2,000,000
Recognition of new operating lease right-of-use assets and lease liabilities $ 935,000 $ 1,725,000
Remeasurement of Ault Disruptive Technologies Corporation temporary equity 23,000
Notes payable exchanged for convertible notes payable 9,103,000
Dividend of ROI investment in White River to ROI shareholders $ 19,210,000
Redeemable non-controlling interests in equity of subsidiaries paid with cash and marketable securities held in trust account 1,463,000
Dividend paid in TurnOnGreen common stock in additional paid-in capital $ 4,900,000