v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenue        
Total revenue $ 292 $ 155 $ 388 $ 292
Cost of revenue 857 396 1,542 737
Gross margin (565) (241) (1,154) (445)
Operating expenses        
General and administrative 981 1,183 2,254 2,615
Sales and marketing 391 257 769 542
Research and development 324 382 636 749
Total operating expenses 1,696 1,822 3,659 3,906
Loss from operations (2,261) (2,063) (4,813) (4,351)
Other expense (income), net        
Interest expense 9 22 19 52
Change in fair value of warrants (31) (47) 3
Change in fair value of convertible notes (1,122) (1,285)
Change in fair value of crypto assets – Bitcoin (45) 174 (147) 837
Realized loss (gain) on sale of crypto assets – Bitcoin 46 (314) 234 (844)
Change in fair value of 2024 SEPA derivative liabilities (66) (110) (245) (434)
Gain on troubled debt restructurings (3,707) (3,707)
Other (income) expense (2) 12 (2) (53)
Total other income, net (89) (5,045) (188) (5,431)
Net (loss) income $ (2,172) $ 2,982 $ (4,625) $ 1,080
Net (loss) income per share attributable to common shares – basic $ (0.04) $ 0.07 $ (0.08) $ 0.03
Weighted average shares of common stock outstanding – basic 58,019,837 36,835,945 56,793,139 35,477,382
Net (loss) income per share attributable to common shares – diluted $ (0.04) $ 0.07 $ (0.08) $ 0.03
Weighted average shares of common stock outstanding – diluted 58,019,837 38,405,921 56,793,139 37,127,798
Subscription Revenue [Member]        
Revenue        
Total revenue $ 47 $ 105
Data Delivery Revenue [Member]        
Revenue        
Total revenue $ 292 $ 108 $ 388 $ 187