v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 358 $ 585
Investment in crypto assets – Bitcoin 506
Accounts receivable, net 664 495
Prepaid expenses and other current assets 291 509
Total current assets 1,313 2,095
Property and equipment, net 51 56
Total assets 1,364 2,151
Current liabilities:    
Accounts payable and accrued expenses 3,474 3,496
Deferred revenues 683 389
Loans payable 569 754
2024 SEPA put option liability 186
Total current liabilities 4,726 4,825
Loans payable, net of current portion 132 220
Warrant liabilities 24 71
Total liabilities 4,882 5,116
Commitments and contingencies (Note 13)
Stockholders’ deficit:    
Preferred Stock, par value $0.0001, 1,000,000 shares authorized at June 30, 2026 and December 31, 2025; no shares issued and outstanding at June 30, 2026 and December 31, 2025
Common Stock, par value $0.0001, 100,000,000 shares authorized, 57,909,088 shares issued and 57,721,343 shares outstanding at June 30, 2026, and 51,984,473 shares issued and 51,796,728 shares outstanding at December 31, 2025 5 5
Additional paid-in capital 106,001 101,929
Treasury stock, at cost, 187,745 shares at June 30, 2026 and December 31, 2025 (529) (529)
Accumulated deficit (108,995) (104,370)
Total stockholders’ deficit (3,518) (2,965)
Total liabilities and stockholders’ deficit $ 1,364 $ 2,151