| Schedule of Accounts, Notes, Loans and Financing Receivable |
The following table presents accounts receivable, net for the periods presented (in thousands).
| | | | | | | | | | | | | As of | | June 30, 2026 | | December 31, 2025 | | Accounts receivable | $ | 19,303 | | | $ | 17,734 | | | Allowance for credit losses | (1,946) | | | (1,960) | | | Accounts receivable, net | $ | 17,357 | | | $ | 15,774 | |
Loan receivables for the periods presented are as follows (in thousands):
| | | | | | | | | | | | | As of | | June 30, 2026 | | December 31, 2025 | | Beginning balance | $ | 176,655 | | | $ | 87,488 | | | Origination of loan receivable | 100,241 | | | 305,576 | | | Repayment of loan receivable | (119,485) | | | (216,409) | | | Ending balance | $ | 157,411 | | | $ | 176,655 | |
Digital intangible assets loan receivables for the periods presented are as follows (in thousands, except unit data):
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of | | June 30, 2026 | | Bitcoin (“BTC”) | | Solana (“SOL”) | | | | Other | | Total | | Units | | $ | | Units | | $ | | | | | | $ | | $ | | Balance as of June 30, 2026 | — | | $ | — | | | 75,000 | | $ | 5,514 | | | | | | | $ | 4,800 | | | $ | 10,314 | | | Balance as of June 30, 2026 - cost basis | | | $ | — | | | | | $ | 12,550 | | | | | | | $ | 3,196 | | | $ | 15,746 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of | | December 31, 2025 | | Bitcoin (“BTC”) | | Solana (“SOL”) | | | | Other | | Total | | Units | | $ | | Units | | $ | | | | | | $ | | $ | | Balance as of December 31, 2025 | — | | $ | — | | | 165,000 | | $ | 20,539 | | | | | | | $ | 10,235 | | | $ | 30,774 | | | Balance as of December 31, 2025 - cost basis | | | $ | — | | | | | $ | 36,098 | | | | | | | $ | 10,628 | | | $ | 46,726 | |
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| Scheduke of Accounts Receivable, Allowance for Credit Loss |
The following table presents a roll forward of allowance for credit losses for the periods presented (in thousands).
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Balance at beginning of period | $ | 1,427 | | | $ | 2,894 | | | $ | 1,960 | | | $ | 2,467 | | | Credit loss expense for the period | 748 | | | 94 | | | 530 | | | 802 | | | Bad debt write-offs | (229) | | | (468) | | | (544) | | | (749) | | | Balance at end of period | $ | 1,946 | | | $ | 2,520 | | | $ | 1,946 | | | $ | 2,520 | |
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