v3.26.1
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows From Operating Activities:    
Net loss $ (17,847) $ (8,782)
Adjustments to reconcile net loss to net cash used in operating activities:    
Foreign currency 6 (16)
Depreciation 84 51
Amortization 2,288 1,671
Non-cash lease expense 63 155
Inventory step up amortization 2 179
Stock-based compensation 1,220 4,892
Loss on disposal of assets 1 0
Loss (gain) on extinguishment of debt 2,311 (4,459)
Loss on settlement of accounts payable 0 551
Change in Fair Value of Preferred Stock 1,118 0
Non-cash interest income 0 (387)
Interest paid in kind and non-cash interest expense 1,184 3,663
Amortization of debt discount 1,778 2,503
Credit loss on loan receivable 242 0
Change in fair value of convertible notes 1,628 (6,629)
Change in fair value of digital assets 0 (125)
Non-cash charge from settlement agreement 2,628 0
Change in fair value of earnout 517 0
Change in fair value of derivatives (164) 1,949
Change in fair value of warrants (807) (993)
Changes in operating assets and liabilities    
Accounts receivable (437) (335)
Inventories (214) 763
Prepaid expenses and other current assets 365 47
Vendor deposits 47 (37)
Other assets (9) 0
Accounts payable (1,007) (310)
Accrued expenses and other current liabilities (361) 87
Deferred revenue (206) (15)
Operating lease liabilities (66) (166)
Net cash used in operating activities (5,636) (5,743)
Cash Flows From Investing Activities:    
Repayment from (advances to) Sportstech 6,350 (4,325)
Purchase of property and equipment (334) 0
Proceeds from the sale of property and equipment 9 0
Acquisition of internal use software (29) 0
Loan to Wattbike 0 (1,200)
Acquisition of digital assets 0 (45,000)
Acquisition of business, cash paid, net of cash acquired (1,711) 0
Acquisition of software and content (876) (442)
Net cash provided by (used) in investing activities 3,409 (50,967)
Cash Flows From Financing Activities:    
Payments of loans (484) 0
Proceeds from loans 282 1,800
Repurchases of common stock (199) 0
Payments of offering costs 0 (225)
Proceeds from issuance of convertible notes, net of issuance costs 1,595 56,135
Proceeds from issuance of common stock from At the Market Offering, net of issuance costs 1,508 1,594
Net cash provided by financing activities 2,702 59,304
Effect of exchange rate on cash (28) 100
Net Change In Cash and Cash Equivalents 447 2,694
Cash at beginning of the period 512 138
Cash at end of period $ 959 $ 2,832