v3.25.2
Condensed Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue        
Total revenue $ 88 $ 98 $ 190 $ 205
Operating expenses        
Cost of revenue 104 93 199 227
General and administrative 319 272 553 755
Total operating expenses 423 365 752 982
Operating loss (335) (267) (562) (777)
Other non-operating income (expense)        
Interest expense (27) (22) (51) (45)
Change in fair value of warrant derivative liability 3,420 1,612 3,526 (84)
Change in fair value of derivative liability 2,281 1,591 2,665 244
Loss on settlement of derivative (93) (262)
Lease incentive loss (184) (184)
Accretion of debt discount (108) (219) (162) (342)
Gain on sale of property and equipment 70
Gain on settlement of debt 41 147
Other income 5
Total non-operating income (expense) 5,607 2,685 6,130 (603)
Net income (loss) $ 5,272 $ 2,418 $ 5,568 $ (1,380)
Per-share data        
Basic net income (loss) per share $ 0.01 $ 0.00 $ 0.01 $ (0.00)
Diluted net income (loss) per share $ 0.01 $ 0.00 $ 0.01 $ (0.00)
Weighted average number of common shares outstanding, basic 1,020,962,112 734,282,014 964,572,002 726,897,975
Weighted average number of common shares outstanding, diluted 1,020,962,112 734,282,014 964,572,002 726,897,975
Bitcoin Mining [Member]        
Revenue        
Total revenue $ 24 $ 19 $ 41 $ 40
Hosting Services [Member]        
Revenue        
Total revenue $ 64 $ 79 $ 149 $ 165