| OTHER CURRENT ASSETS, NET |
7. OTHER CURRENT ASSETS, NET Other current assets were comprised of the following: | | | September 30,
2026 | | | December 31,
2025 | | | Deposits (a) | | $ | 1,327 | | | $ | 4,099 | | | Prepaid director and officer insurance expenses | | | 337 | | | | 205 | | | Prepaid consulting service expenses | | | 43 | | | | 1,571 | | | Deposit for lease | | | 89 | | | | 39 | | | Deferred contract costs | | | 2,418 | | | | 2,191 | | | Prepayment to third parties (b) | | | 6,143 | | | | 8,825 | | | Receivable from third parties (c) | | | 9,703 | | | | 5,409 | | | Funds held in escrow | | | 6,582 | | | | 4,000 | | | Prepaid income tax | | | 953 | | | | - | | | Others | | | 1,022 | | | | 406 | | | Less: Current expected credit losses | | | (11 | ) | | | (10 | ) | | Total | | $ | 28,606 | | | $ | 26,735 | | | (a) | As of September 30, 2026 and December 31, 2025, the balance of deposits represented the deposits made to our service providers, who paid utility charges in mining facilities on behalf of the Company. The deposits are refundable upon expiration of the agreement. | | (b) | The balance of prepayment to third parties primarily consists of the prepayment to our GPU servers leasing partner. | | (c) | The balance of receivables from third parties primarily consists of a deposit for a hosting site of $3.1 million made in the third quarter of 2026, value-added tax receivables of $2.7 million, sales tax receivables of $1.3 million, and other various receivable from a third-parties. |
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