v3.25.2
Variable Interest Entities and Voting Interest Entities (Tables)
 6 Months Ended
Jun. 30, 2025
DVSL ComputeCo, LLC [Member]  
Schedule of Variable Interest Entities of Assets and Liabilities

The carrying amount of the assets and liabilities was as follows for DVSL:

  

(Dollars in thousands)  June 30, 2025   December 31, 2024 
         
Current assets:          
Cash and restricted cash  $2,785   $2,598 
Accounts receivable, net   689    481 
Other receivable, related party   434    1,090 
Prepaid expenses and other current assets   90    34 
Total current assets   3,998    4,203 
           
Other assets, related party   1,948    2,452 
Operating lease right-of-use assets   41    42 
Property, plant and equipment, net   12,285    12,744 
Total assets  $18,272   $19,441 
           
Current liabilities:          
Due to intercompany  $-   $51 
Accrued liabilities   818    1,608 
Customer deposits   899    296 
Operating lease liability   4    4 
Total current liabilities   1,721    1,959 
Operating lease liability   37    39 
           
Other liabilities, related party   291    275 
Total liabilities  $2,049   $2,273 
DV Compute Co LLC [Member]  
Schedule of Variable Interest Entities of Assets and Liabilities

The carrying amount of the VIE’s assets and liabilities was as follows for DVCC:

 

(Dollars in thousands)  June 30, 2025   December 31, 2024 
         
Current assets:          
Cash and restricted cash  $1,560   $2,057 
Accounts receivable   33    37 
Prepaid expenses and other current assets   100    49 
Other receivable, related party   1,582    1,692 
Total current assets   3,275    3,835 
           
Other assets, related party   1,948    2,452 
Operating lease right-of-use assets   41    42 
Property, plant and equipment, net   15,742    17,774 
Total assets  $21,006   $24,103 
           
Current liabilities:          
Due to intercompany  $1,426   $1,475 
Accrued liabilities   616    1,392 
Operating lease liability   4    4 
Current portion of debt   -    137 
Total current liabilities   2,046    3,008 
           
Operating lease liability   37    39 
Total liabilities  $2,083   $3,047 
Compute Co [Member]  
Schedule of Variable Interest Entities of Assets and Liabilities

The carrying amount of the assets and liabilities was as follows for ComputeCo:

 

(Dollars in thousands)  June 30, 2025   December 31, 2024 
         
Current assets:          
Cash and restricted cash  $1,080   $402 
Accounts receivable, trade   171    - 
Accounts receivable, intercompany   -    2,868 
Prepaid expenses and other current assets   210    41 
Other receivable, related party   3,118    3,370 
Total current assets   4,579    6,681 
           
Other assets   463      
Other assets, related party   14,152    13,223 
Operating lease right-of-use assets   78    82 
Property, plant and equipment, net   9,132    - 
Deposits on equipment   -    716 
Total assets  $28,404   $20,702 
           
Current liabilities:          
Accounts payable, trade  $468   $- 
Accounts payable, related party   2,685    3,598 
Accrued liabilities   172    - 
Due to intercompany   -    9 
Customer deposits   30    - 
Operating lease liability   8    7 
Total current liabilities   3,363    3,614 
           
Other liabilities   84    - 
Operating lease liability   72    74 
Total liabilities  $3,519   $3,668