v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities    
Net income $ 4,006 $ 9,952
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,137 2,030
Unrealized loss of crypto assets held 93 0
Impairment of crypto assets held 0 127
Realized loss on crypto assets, net 6 34
Bitcoin payments for expenses 297 3,710
Bitcoin received from independent Bitcoin ATM operators [affiliates program] (701) 0
Loss on disposal of property and equipment 63 0
Deferred income tax (319) 260
Changes in operating assets and liabilities:    
Crypto assets held (1,694) (4,797)
Accounts receivable (1,038) (225)
Prepaid expenses and other assets 1,128 (1,092)
Liability for cash held for customers 2,459 258
Accounts payable and other liabilities (3,127) (165)
Net cash provided by operating activities 5,310 10,092
Investing activities    
Purchases of property and equipment (812) (2,837)
Capitalized software (6) (14)
Net cash used in investing activities (818) (2,851)
Financing activities    
Proceeds from debt 280 170
Repayment of debt (216) (4,117)
Payments in reduction of financing leases 0 (244)
Payments in reduction of equipment notes payable (2,217) (24)
Proceeds from issuance of stock 0 57
Net cash used in financing activities (2,153) (4,158)
Effect of exchange rate changed on cash and cash equivalents 3 (19)
Net increase in cash and cash equivalents 2,342 3,064
Cash, cash equivalents and restricted cash, beginning of period 17,628 18,360
Total cash, cash equivalents and restricted cash 19,970 21,425
Cash, cash equivalents, and restricted cash consisted of the following:    
Cash and cash equivalents 17,389 20,911
Restricted cash held for customers 2,581 514
Supplemental disclosure of cash flow information:    
Cash paid for interest 532 147
Cash paid for taxes 702 4,278
Leased assets obtained in exchange for operating lease liabilities 782 2,904
Supplemental schedule of non-cash investing and financing activities    
Property and equipment purchased in accounts payable 475 582
Software development purchased in accounts payable 0 5,314
Imputed interest on property and equipment financed with equipment notes payable 351 0
Bitcoin used to buy property and equipment 1,723 186
Bitcoin and Tether used for other payments $ 83 $ 350