v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 4,938 $ 37,883
U.S. dollar coin 222 12
Treasury bills 0 30,490
Accounts receivable 5,141 7,654
Prepaid expenses 2,996 2,326
Income tax receivable 3,401 4,305
Loans receivable, net 80,584 0
Other current assets 1,995 125
Total current assets 99,277 82,795
OTHER ASSETS    
Fixed assets, net 458 357
Digital assets 156,447 196,359
Software assets, net 4,565 6,129
Definite and indefinite-lived intangible assets, net 4,928 2,146
Other long-term assets 1,087 209
Total other assets 167,485 205,200
TOTAL ASSETS 266,762 287,995
CURRENT LIABILITIES    
Accounts payable 1,176 1,162
Accrued liabilities 2,210 2,952
Payroll liabilities 3,975 4,219
Other current liabilities 0 12
Total current liabilities 7,361 8,345
LONG-TERM LIABILITIES    
Other long-term liabilities 0 344
Deferred tax liability 11,991 21,779
Total long-term liabilities 11,991 22,123
Total liabilities 19,352 30,468
SHAREHOLDERS' EQUITY    
Preferred stock $0.000001 par value, 5,000,000 shares authorized, no shares issued and outstanding 0 0
ADDITIONAL PAID IN CAPITAL 126,995 124,387
ACCUMULATED OTHER COMPREHENSIVE LOSS (2,124) (752)
RETAINED EARNINGS 122,539 133,892
Total shareholders' equity 247,410 257,527
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 266,762 287,995
Class A Shares    
SHAREHOLDERS' EQUITY    
Common stock value 0 0
Class B Shares    
SHAREHOLDERS' EQUITY    
Common stock value $ 0 $ 0