v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents, net $ 11,379 $ 17,506
Restricted cash held for customers 3,787 122
Crypto assets held, net 945 1,241
Accounts receivable, net 4,081 1,339
Prepaid expenses and other current assets 3,971 2,702
Total current assets 24,163 22,910
Property and equipment, net 12,267 16,245
Software development, net 3,984 5,239
Right of use assets – operating leases 28,982 33,613
Other noncurrent assets 69 26
Total assets 69,465 78,033
Current liabilities:    
Accounts payable and accrued expenses 15,867 11,133
Accounts payable, related-party 255 818
Liability for cash held for customers 3,787 122
Operating lease liabilities, current portion 8,751 9,627
Equipment notes payable, current portion 0 3,084
Short-term debt 4,365 256
Other current liabilities 373 376
Total current liabilities 33,398 25,416
Long-term liabilities:    
Operating lease liabilities, net of current portion 20,369 23,986
Equipment notes payable, net of current portion 0 3,344
Deferred tax liabilities, net 388 914
Convertible debt, related-party 0 3,000
Total long-term liabilities 20,757 31,244
Total liabilities 54,155 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 December 31, 2025, and 2024. 0 0
Common stock, $0.001 par value 10,000,000,000 shares authorized; 4,095,009,545 shares issued and outstanding as of December 31, 2025, and 2024. 4,095 4,095
Additional paid in capital 11,982 11,982
Accumulated (deficit) income (497) 5,537
Accumulated other comprehensive loss (270) (241)
Total stockholders’ equity 15,310 21,373
Total liabilities and stockholders’ equity $ 69,465 $ 78,033