v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net (loss) / income $ (5,792) $ 8,778
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Digital asset treasury loss, net (non-cash) (890) (0)
Change in fair value of debt and derivative instruments 462 12,191
Non-cash interest - amortization of debt discount (424) (0)
Loss on deconsolidation of subsidiary (1,101) (0)
Loss from discontinued operations 1,356 2,731
Non-cash items settled through balance sheet accounts, net 96 3,965
Changes in operating assets and liabilities:    
Accounts payable and accrued liabilities 1,078 (1,183)
Accrued interest payable 189 0
Prepaid expenses, VAT and other assets 0 798
Payment of withholding tax payable (15) 0
Cash funding of discontinued operations (708) (321)
Advance to former subsidiary written off at deconsolidation (54) 0
Net cash used in operating activities (2,089) (5,353)
Cash flows from investing activities    
Purchases of digital assets (5,000) 0
Net cash used in investing activities (5,000) 0
Cash flows from financing activities    
Proceeds from issuance of convertible debentures 5,050 0
Proceeds from pre-funded warrants 2,000 0
Net draws on convertible notes at fair value option 0 5,397
Net cash provided by financing activities 7,050 5,397
Effect of exchange-rate changes and held-for-sale cash presentation on cash and cash equivalents    
Effect of exchange-rate changes on cash 0 0
Net increase (decrease) in cash and cash equivalents (39) 44
Cash and cash equivalents, beginning of period 205 100
Cash and cash equivalents, end of period 166 144
Supplemental disclosure: cash paid for interest 0 0
Noncash Investing and Financing Items [Abstract]    
Embedded conversion derivative liabilities recognized at issuance 1,698 0
Debt discount recognized at issuance 1,661 0
Right-of-use asset obtained in exchange for operating lease liability 645 0
Cumulative translation adjustment released on deconsolidation of subsidiary $ 1,223 $ 0