v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents, net $ 17,389 $ 17,506
Restricted cash held for customers 2,581 122
Crypto assets held, net 1,434 1,241
Accounts receivable, net 2,378 1,339
Prepaid expenses and other current assets 1,521 2,702
Total current assets 25,303 22,910
Property and equipment, net 15,694 16,245
Software development, net 4,606 5,239
Right of use assets – operating leases 29,331 33,613
Other noncurrent assets 80 26
Total assets 75,014 78,033
Current liabilities:    
Accounts payable and accrued expenses 7,988 11,133
Accounts payable, related-party 1,258 818
Liability for cash held for customers 2,581 122
Operating lease liabilities, current portion 7,779 9,627
Income tax payable 2 0
Equipment notes payable, current portion 2,562 3,084
Short-term debt 318 256
Convertible debt, related-party 3,000 0
Other current liabilities 348 376
Total current liabilities 25,836 25,416
Long-term liabilities:    
Operating lease liabilities, net of current portion 21,552 23,986
Equipment notes payable, net of current portion 1,649 3,344
Deferred tax liabilities, net 595 914
Convertible debt, related-party 0 3,000
Total long-term liabilities 23,796 31,244
Total liabilities 49,632 56,660
Commitments and contingencies (Note 15)
Stockholders’ equity:    
Preferred stock, $0.001 par value 5,000,000,000 shares authorized; No shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively. 0 0
Common stock, $0.001 par value 10,000,000,000 shares authorized; 4,095,009,545 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively. 4,095 4,095
Additional paid in capital 11,982 11,982
Accumulated income 9,543 5,537
Accumulated other comprehensive loss (238) (241)
Total stockholders’ equity 25,382 21,373
Total liabilities and stockholders’ equity $ 75,014 $ 78,033