v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
 [1]
ASSETS    
Cash and cash equivalents $ 24,923 $ 13,395
Equity holdings 24,259 14,670
Property, plant and equipment, net 1,986 2,208
Assets of discontinued operations 133,267
Receivable from sale of ETH digital assets 14,983
Other assets 3,177 304
Total assets 69,328 163,844
LIABILITIES    
Accounts payable and accrued expenses 1,865 4,631
Short-term debt, net of issuance costs 1,800 1,923
Deferred income taxes, net 544 365
Liabilities of discontinued operations 998 10,134
Other liabilities 3,300
Total liabilities 5,207 20,353
Commitments and contingencies (Note 13)
STOCKHOLDERS’ EQUITY    
Series A Preferred Shares, $25.00 par and liquidation value, 10,000,000,000 shares authorized, 620,818 shares issued and outstanding as of June 30, 2026 and 888,884 shares issued and outstanding as of December 31, 2025 15,520 22,223
Common stock, $0.001 par value; 180,000,000,000 shares authorized, 8,720,631 issued and 5,609,758 outstanding as of June 30, 2026 and 8,698,994 issued and 7,080,747 outstanding as of December 31, 2025 [2] 70 70
Treasury stock (3,110,873 and 1,618,248 shares at cost as of June 30, 2026 and December 31, 2025, respectively) (41,431) (26,133)
Additional paid-in capital 216,994 216,682
Accumulated deficit (126,381) (68,743)
Accumulated other comprehensive loss (651) (608)
Total stockholders’ equity 64,121 143,491
Total liabilities and stockholders’ equity $ 69,328 $ 163,844
[1] Derived from the audited consolidated balance sheet.
[2] Information pertaining to the number of shares outstanding gives retroactive effect to a 1 for 5 reverse stock split that became effective on February 13, 2026.