v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities    
Net income (loss) $ (2,015) $ 7,802
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 9 8
Change in fair value of digital assets 326 0
Loss on classification as held for sale / impairment of discontinued operation 519 0
Gain on change in fair value of convertible notes payable carried at fair value 0 (10,331)
Interest expense, including amortization of debt discount 113 0
Debt discount amortization noncash component 28 0
Foreign currency and other noncash items 275 13
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (190) (9)
Prepaid taxes and VAT receivables 95 (329)
Accounts payable and accrued expenses 289 (331)
Other operating assets and liabilities, including discontinued operations (200) 595
Total changes in operating assets and liabilities (6) (74)
Net cash used in operating activities (1,356) (2,582)
Cash flows from investing activities    
Purchase of digital assets / Bitcoin treasury (5,000) 0
Property and equipment / other investing activity of discontinued operations 0 0
Net cash used in investing activities (5,000) 0
Cash flows from financing activities    
Proceeds from convertible debentures / debt financing 4,350 2,000
Proceeds from pre-funded warrants 2,000 0
Net cash provided by financing activities 6,350 2,000
Effect of exchange-rate changes and held-for-sale cash presentation on cash and cash equivalents    
Effect of exchange-rate changes and held-for-sale cash presentation on cash and cash equivalents 0 (15)
Net decrease in cash and cash equivalents (6) (597)
Cash and cash equivalents, beginning of period 243 1,462
Cash and cash equivalents, end of period 237 865
Supplemental disclosure of cash flow information    
Cash paid for interest 0 0
Supplemental disclosure of noncash financing and investing activities    
Debt discount from derivative bifurcation 4,041 0
Derivative liability initial recognition 5,383 0
Pre-funded warrant APIC allocation 1,420 0
Bitcoin received as written-call premium 35 0
Call Option [Member]    
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Net written covered-call derivative income/loss (14) 0
Embedded Conversion Features [Member]    
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Gain on change in fair value of embedded conversion derivative liabilities $ (591) $ 0