v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 19,072 $ 21,070
Prepaid expenses 4,486 2,139
Derivative assets 73
Call option asset-related party 199,060
Other current assets 3,821
Current assets of discontinued operations 1,548
Total Current Assets 27,452 223,817
Non-current Assets:    
Digital assets 261,714 467,550
Investments 17,533 35,697
Intangible assets 97,129 3,009
Goodwill 16,391
Other non-current assets 2,295
Non-current assets of discontinued operations 535
Total Assets 422,514 730,608
Current Liabilities:    
Accounts payable and accrued expenses 10,974 5,036
Contract liabilities 3,448
Notes payable, net 164,704 209,558
Derivative liabilities 242
Other current liabilities 106 438
Current liabilities of discontinued operations 953
Total Current Liabilities 179,474 215,985
Non-current Liabilities:    
Contract liabilities 3,778
Deferred tax liability 2,499
Other non-current liabilities 351
Non-current liabilities of discontinued operations 366
Total Liabilities 186,102 216,351
Stockholders’ Equity:    
Preferred Stock, $0.001 par value per share; authorized - 10,000,000 shares; none issued and outstanding as of June 30, 2026 and December 31, 2025, respectively
Common stock, $0.001 par value, 10 billion shares authorized; 17,894,943 shares issued and outstanding as of June 30, 2026 and 10,998,765 shares issued and 10,948,658 outstanding as of December 31, 2025 18 11
Treasury stock at cost, 0 and 50,107 shares as of June 30, 2026 and December 31, 2025, respectively (749)
Additional paid-in capital 668,394 575,000
Accumulated other comprehensive loss (222)
Accumulated deficit (431,778) (60,005)
Total Stockholders’ Equity 236,412 514,257
Total Liabilities and Stockholders’ Equity $ 422,514 $ 730,608