v3.26.1
Consolidated Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating Activities:    
Net loss $ (90,952) $ (2,438)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 19 286
Share-based compensation 1,122 958
Reserve for credit losses 47
Unrealized (gain) loss on investments 64 (83)
Non-cash consideration received in the form of convertible promissory notes (445)
Non-cash transaction fees paid with Digital Assets 6
Unrealized loss on fair value of Digital Assets 87,928
Effect of changes in assets and liabilities:    
Accounts receivable 3 (882)
ERC receivable 1,724
Operating lease right-of-use assets 14 33
Accounts payable, accrued expenses, and accrued interest 489 (743)
Contract liabilities (119) 104
Operating lease liabilities (40) (29)
Net cash used in operating activities (4,687) (1,070)
Investing Activities:    
Purchases of investments – trading securities (507)
Proceeds from sale of investments – trading securities 421
Purchases of property and equipment (9) (66)
Purchases of intangible assets (12)
Net cash used in investing activities (21) (152)
Financing Activities:    
Payment of note payable (118)
Net cash used in financing activities (118)
Net change in cash and restricted cash (4,708) (1,340)
Cash, cash equivalents and restricted cash - beginning of period 39,661 8,495
Cash, cash equivalents and restricted cash - end of period 34,953 7,155
Nonrelated Party [Member]    
Adjustments to reconcile net loss to net cash used in operating activities:    
Non-cash consideration received in the form of TON (2,032)
Effect of changes in assets and liabilities:    
Prepaid expenses and other current assets 278
Related Party [Member]    
Adjustments to reconcile net loss to net cash used in operating activities:    
Non-cash consideration received in the form of TON (1,119)
Effect of changes in assets and liabilities:    
Prepaid expenses and other current assets $ 50