2024 Q4 Form 10-Q Financial Statement

#000121390024097500 Filed on November 13, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q3
Revenue $3.689M $2.083M
YoY Change 77.14% -61.53%
Cost Of Revenue $3.612M $974.7K
YoY Change 270.57% -52.5%
Gross Profit $77.00K $1.108M
YoY Change -93.05% -67.04%
Gross Profit Margin 2.09% 53.2%
Selling, General & Admin $2.536M $1.967M
YoY Change 28.91% -46.92%
% of Gross Profit 3293.51% 177.57%
Research & Development $649.1K
YoY Change -52.77%
% of Gross Profit 58.59%
Depreciation & Amortization $2.896M $180.0K
YoY Change 1508.89% -91.5%
% of Gross Profit 3761.04% 16.25%
Operating Expenses $5.432M $3.685M
YoY Change 47.4% -12.24%
Operating Profit -$5.445M -$2.577M
YoY Change 111.27% 207.56%
Interest Expense $283.0K -$202.6K
YoY Change -239.65% -48.83%
% of Operating Profit
Other Income/Expense, Net -$503.0K -$17.64K
YoY Change 2750.83% -98.83%
Pretax Income -$5.948M -$2.595M
YoY Change 129.22% 10.67%
Income Tax
% Of Pretax Income
Net Earnings -$5.948M -$2.595M
YoY Change 129.22% 12.62%
Net Earnings / Revenue -161.24% -124.6%
Basic Earnings Per Share -$0.15 -$0.32
Diluted Earnings Per Share -$0.15 -$0.32
COMMON SHARES
Basic Shares Outstanding 51.10M shares 40.43M shares 7.802M shares
Diluted Shares Outstanding 40.61M shares 8.195M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $478.0K $210.0K
YoY Change 127.62% -91.57%
Cash & Equivalents $368.0K $209.6K
Short-Term Investments $110.0K
Other Short-Term Assets $270.0K
YoY Change -96.82%
Inventory
Prepaid Expenses $593.0K $769.5K
Receivables $1.000K $253.0K
Other Receivables $510.0K
Total Short-Term Assets $1.688M $1.243M
YoY Change 35.78% -90.58%
LONG-TERM ASSETS
Property, Plant & Equipment $4.737M $27.43K
YoY Change 17172.56% -78.02%
Goodwill $816.2K
YoY Change -90.96%
Intangibles $100.0K
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $5.857M $2.937M
YoY Change 99.39% -90.93%
TOTAL ASSETS
Total Short-Term Assets $1.688M $1.243M
Total Long-Term Assets $5.857M $2.937M
Total Assets $7.545M $4.181M
YoY Change 80.48% -90.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.759M $1.705M
YoY Change 237.82% 34.16%
Accrued Expenses $1.383M $1.690M
YoY Change -18.17% -25.74%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $7.733M
YoY Change -21.89%
Total Short-Term Liabilities $26.41M $12.53M
YoY Change 110.76% -37.32%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities $0.00
YoY Change -100.0%
Total Long-Term Liabilities $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $26.41M $12.53M
Total Long-Term Liabilities $0.00
Total Liabilities $13.38M
YoY Change -47.52%
SHAREHOLDERS EQUITY
Retained Earnings -$68.14M -$175.7M
YoY Change -61.22% 23.46%
Common Stock $3.000K $165.8M
YoY Change -100.0% 3.74%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$18.86M -$9.199M
YoY Change
Total Liabilities & Shareholders Equity $7.545M $4.181M
YoY Change 80.48% -90.83%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income -$5.948M -$2.595M
YoY Change 129.22% 12.62%
Depreciation, Depletion And Amortization $2.896M $180.0K
YoY Change 1508.89% -91.5%
Cash From Operating Activities -$1.586M -$1.120M
YoY Change 41.61% -65.68%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities -$550.0K $0.00
YoY Change
Cash From Investing Activities -$550.0K $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.285M 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -1.586M -1.120M
Cash From Investing Activities -550.0K 0.000
Cash From Financing Activities 1.285M 0.000
Net Change In Cash -851.0K -1.120M
YoY Change -24.02% -125.39%
FREE CASH FLOW
Cash From Operating Activities -$1.586M -$1.120M
Capital Expenditures $0.00 $0.00
Free Cash Flow -$1.586M -$1.120M
YoY Change 41.61% -33.2%

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AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition
63000 usd
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
225000 usd
CY2023Q3 gryp Restricted Common Stock Awards Issued For Payment Of Service
RestrictedCommonStockAwardsIssuedForPaymentOfService
24000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-8086000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
10143000 usd
us-gaap Net Income Loss
NetIncomeLoss
-21701000 usd
us-gaap Net Income Loss
NetIncomeLoss
-17619000 usd
gryp Impairment Of Digital Assets
ImpairmentOfDigitalAssets
250000 usd
us-gaap Crypto Asset Realized Gain Operating
CryptoAssetRealizedGainOperating
484000 usd
us-gaap Crypto Asset Realized Gain Nonoperating
CryptoAssetRealizedGainNonoperating
3809000 usd
us-gaap Crypto Asset Unrealized Gain Loss Nonoperating
CryptoAssetUnrealizedGainLossNonoperating
1295000 usd
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
5430000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
9435000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
11906000 usd
gryp Forfeiture Of Restricted Stock Grants
ForfeitureOfRestrictedStockGrants
1910000 usd
us-gaap Restricted Stock Expense
RestrictedStockExpense
445000 usd
us-gaap Restricted Stock Expense
RestrictedStockExpense
1093000 usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
1708000 usd
gryp Compensation For Services Contributed By The Companys Ppresident
CompensationForServicesContributedByTheCompanysPpresident
188000 usd
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-293000 usd
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-74000 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-146000 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-55000 usd
gryp Change In Fair Value Of Note Payable
ChangeInFairValueOfNotePayable
7089000 usd
gryp Change In Fair Value Of Note Payable
ChangeInFairValueOfNotePayable
7711000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
891000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
530000 usd
gryp Digital Asset Revenue
DigitalAssetRevenue
-16695000 usd
gryp Digital Asset Revenue
DigitalAssetRevenue
-14992000 usd
gryp Increase Decrease In Cost Of Digital Assets Sold For Cash
IncreaseDecreaseInCostOfDigitalAssetsSoldForCash
-16649000 usd
gryp Increase Decrease In Cost Of Digital Assets Sold For Cash
IncreaseDecreaseInCostOfDigitalAssetsSoldForCash
-13958000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-485000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
114000 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
283000 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-7000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
465000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
790000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2368000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3064000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1075000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1542000 usd
gryp Proceeds From The Sale Of Miners
ProceedsFromTheSaleOfMiners
171000 usd
us-gaap Payments For Other Deposits
PaymentsForOtherDeposits
600000 usd
us-gaap Payments For Other Deposits
PaymentsForOtherDeposits
360000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1504000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1902000 usd
gryp Payment For Insurance Payable
PaymentForInsurancePayable
537000 usd
gryp Payment For Insurance Payable
PaymentForInsurancePayable
52000 usd
us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
569000 usd
us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
132000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
104000 usd
gryp Proceeds From Reverse Recapitalization
ProceedsFromReverseRecapitalization
500000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1395000 usd
gryp Proceeds From Issuance Of Common Stock Atm
ProceedsFromIssuanceOfCommonStockATM
1664000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
266000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3325000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-24000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-547000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1138000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
915000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
267000 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
368000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1405000 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
368000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1405000 usd
CY2023Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
42000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
368000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1447000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
176000 usd
gryp Accrued Expenses For Issuance Of Common Stock
AccruedExpensesForIssuanceOfCommonStock
321000 usd
gryp Accrued Expenses For Issuance Of Common Stock
AccruedExpensesForIssuanceOfCommonStock
620000 usd
gryp Non Cash Payment Of Principal And Interest On Note Payable Using Digital Assets
NonCashPaymentOfPrincipalAndInterestOnNotePayableUsingDigitalAssets
3561000 usd
gryp Non Cash Payment Of Principal And Interest On Note Payable Using Digital Assets
NonCashPaymentOfPrincipalAndInterestOnNotePayableUsingDigitalAssets
7005000 usd
CY2024Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2024Q1 us-gaap Stock Issued During Period Shares Reverse Stock Splits
StockIssuedDuringPeriodSharesReverseStockSplits
80864 shares
CY2024Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
38038533 shares
CY2024Q3 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
98000 usd
CY2024Q3 us-gaap Other Liabilities
OtherLiabilities
2854000 usd
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Reclassification</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Certain reclassifications have been made to the 2023 consolidated financial statements in order to conform to the current period presentations.</p>
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
368000 usd
CY2024Q3 us-gaap Crypto Asset Fair Value Current
CryptoAssetFairValueCurrent
616000 usd
us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Use of Estimates</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.</p>
CY2024Q3 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2023Q4 gryp Federal Insurance Limit
FederalInsuranceLimit
665000 usd
CY2023Q4 us-gaap Health Care Organization Accounts Payable To Third Party Payor
HealthCareOrganizationAccountsPayableToThirdPartyPayor
8000 usd
gryp Minimum Payout Threshold Bitcoin
MinimumPayoutThresholdBitcoin
0.01 pure
gryp Operating Profit Rate
OperatingProfitRate
0.225 pure
CY2024Q1 gryp Adjustmentof Accumulated Deficit Revaluation Of Digital Asset
AdjustmentofAccumulatedDeficitRevaluationOfDigitalAsset
739000 usd
CY2024Q3 gryp Cost Of Digital Assets Transferred For Noncash Expenditures
CostOfDigitalAssetsTransferredForNoncashExpenditures
3561000 usd
CY2023Q4 gryp Cost Of Digital Assets Transferred For Noncash Expenditures
CostOfDigitalAssetsTransferredForNoncashExpenditures
7770000 usd
CY2024Q3 gryp Number Of Bitcoin Held Per Share
NumberOfBitcoinHeldPerShare
67.18
CY2024Q3 gryp Percentage Of Bitcoin In Cold Storage
PercentageOfBitcoinInColdStorage
1 pure
CY2024Q1 us-gaap Crypto Asset Period Increase Decrease
CryptoAssetPeriodIncreaseDecrease
739000 usd
CY2024Q1 gryp Adjustment Of Accumulated Deficit Revaluation Of Crypto Asset
AdjustmentOfAccumulatedDeficitRevaluationOfCryptoAsset
739000 usd
CY2023Q2 gryp Shares Holding
SharesHolding
121428 shares
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
15978000 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
47599000 usd
us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
1573000 usd
us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
1894000 usd
us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
443000 usd
us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
105000 usd
us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
8335000 usd
gryp Revaluation From Impairment
RevaluationFromImpairment
-25075000 usd
CY2024Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
17108000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
15978000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3062000 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
13231000 usd
us-gaap Accumulated Depreciation Depletion And Amortization Reclassifications From Property Plant And Equipment1
AccumulatedDepreciationDepletionAndAmortizationReclassificationsFromPropertyPlantAndEquipment1
9435000 usd
us-gaap Accumulated Depreciation Depletion And Amortization Reclassifications From Property Plant And Equipment1
AccumulatedDepreciationDepletionAndAmortizationReclassificationsFromPropertyPlantAndEquipment1
14958000 usd
us-gaap Accumulated Depreciation Depletion And Amortization Sale Of Property Plant And Equipment1
AccumulatedDepreciationDepletionAndAmortizationSaleOfPropertyPlantAndEquipment1
126000 usd
us-gaap Accumulated Depreciation Depletion And Amortization Sale Of Property Plant And Equipment1
AccumulatedDepreciationDepletionAndAmortizationSaleOfPropertyPlantAndEquipment1
51000 usd
gryp Revaluation From Impairment Accumulated Depreciation
RevaluationFromImpairmentAccumulatedDepreciation
-25076000 usd
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
12371000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3062000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4737000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
12916000 usd
CY2024Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
5759000 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
2234000 usd
CY2024Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1383000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1415000 usd
CY2024Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
7142000 usd
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
3649000 usd
gryp Monthly Principal Interest Payment Percentage
MonthlyPrincipalInterestPaymentPercentage
1 pure
CY2024Q3 us-gaap Other Borrowings
OtherBorrowings
100000 usd
gryp Crypto Asset Mining Revenue Rate
CryptoAssetMiningRevenueRate
0.75 pure
gryp Revenue Mining Rate
RevenueMiningRate
1 pure
gryp Coverate Ratio Rate
CoverateRatioRate
1.10 pure
gryp Coverage Ratio Rate Decreases
CoverageRatioRateDecreases
1.10 pure
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
125000000 usd
CY2024Q3 gryp Common Stock Conversion Price
CommonStockConversionPrice
150000000 usd
gryp Bitcoins One Time Payment
BitcoinsOneTimePayment
173.17 pure
CY2024Q3 gryp Bitcoins Fair Value
BitcoinsFairValue
4856000 usd
CY2024Q3 us-gaap Debt Instrument Fee Amount
DebtInstrumentFeeAmount
104000 usd
CY2024Q3 us-gaap Interest Expense
InterestExpense
283000 usd
us-gaap Interest Expense
InterestExpense
891000 usd
us-gaap Interest Expense
InterestExpense
526000 usd
CY2024Q3 us-gaap Collateralized Agreements
CollateralizedAgreements
450000 usd
CY2024Q3 us-gaap Commitments Fair Value Disclosure
CommitmentsFairValueDisclosure
560000 usd
CY2023Q1 us-gaap Payments For Fees
PaymentsForFees
560000 usd
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
8000 usd
CY2024Q3 gryp Common And Preferred Stock Shares Authorized
CommonAndPreferredStockSharesAuthorized
155000000 shares
CY2024Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2024Q3 gryp Shares Of Issued And Outstanding
SharesOfIssuedAndOutstanding
-20 shares
CY2024Q3 gryp Number Of Shares
NumberOfShares
-1 shares
us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
1591040 shares
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
1397000 usd
gryp Direct Offering Cost
DirectOfferingCost
267000 usd
CY2024Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
56600 shares
CY2024Q3 gryp Payment For Vendor
PaymentForVendor
47000 usd
CY2024Q3 us-gaap Trading Liabilities Fair Value Disclosure
TradingLiabilitiesFairValueDisclosure
47000 usd
CY2024Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
387597 shares
CY2024Q2 us-gaap Trading Liabilities Fair Value Disclosure
TradingLiabilitiesFairValueDisclosure
632000 usd
CY2024Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
800000 shares
CY2024Q2 us-gaap Trading Liabilities Fair Value Disclosure
TradingLiabilitiesFairValueDisclosure
1160000 usd
CY2024Q2 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
600000 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
730967 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.53
gryp Share Based Compensation Arrangement By Share Based Payment Award Options Units Vested
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnitsVested
-196719 shares
gryp Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Vested
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageVested
1.63
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
534248 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.49
CY2024Q3 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
951000 usd
CY2024Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P0Y5M19D
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
2.42
CY2023Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
946000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
84210 shares
CY2023Q1 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
28070 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
3.36
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Vested
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested
328000 usd
CY2024Q3 us-gaap Deferred Compensation Equity
DeferredCompensationEquity
92000 usd
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Other
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOther
863687 shares
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
71975 shares
CY2021Q4 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
17274 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedIntrinsicValue
33.48
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Share Based Liabilities Paid
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsShareBasedLiabilitiesPaid
322000 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedIntrinsicValue
33.9
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Share Based Liabilities Paid
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsShareBasedLiabilitiesPaid
163000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
66000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
0 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
17274 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedIntrinsicValue
39.48
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Share Based Liabilities Paid
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsShareBasedLiabilitiesPaid
380000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
165622 shares
gryp Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Expired
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpired
1652851 shares
CY2024Q3 us-gaap Marketable Securities
MarketableSecurities
110000 usd
CY2024Q3 us-gaap Crypto Asset Fair Value Current
CryptoAssetFairValueCurrent
616000 usd
CY2024Q3 us-gaap Notes Payable Current
NotesPayableCurrent
19266000 usd
CY2023Q4 us-gaap Marketable Securities
MarketableSecurities
403000 usd
CY2023Q4 us-gaap Notes Payable Current
NotesPayableCurrent
14868000 usd
gryp Proceeds From Reverse Recapitalization
ProceedsFromReverseRecapitalization
500000 usd
CY2024Q3 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
2800000 usd
CY2022Q2 gryp Number Of Bitcoin Held
NumberOfBitcoinHeld
933.333333 bitcoin
gryp Bitcoin Value Amount
BitcoinValueAmount
60286 usd
gryp Description Of Direct And Indirect Subsidiaries
DescriptionOfDirectAndIndirectSubsidiaries
On October 25, 2024, the Company, its direct and indirect subsidiaries, as applicable, and Anchorage entered into the Debt Repayment and Exchange Agreement (the (“DPE Agreement”), Loan, Guaranty and Security Agreement (the “New Loan Agreement”), the Pre-Funded Warrants (as defined below) and the $1.50 Warrants (as defined below) (together, the “Agreements”) to restructure the Anchorage Loan (the “Restructuring”) and terminate the existing the Anchorage Loan Agreement. Pursuant to the Agreements, (i) approximately $9.1 million of the Anchorage Loan was converted into shares of Gryphon common stock, par value $0.0001 per share (the “Common Stock”), at an ascribed value of $1.10 per share, resulting in the issuance of 8,287,984 shares of Common Stock to Anchorage in a private placement pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), (ii) approximately $3.9 million of the Anchorage Loan was converted into warrants to purchase 3,530,198 shares of Common Stock, which warrants are exercisable immediately, have a ten year term and an exercise price of $0.01 per share (the “Pre-Funded Warrants”), in a private placement pursuant to Section 4(a)(2) of the Securities Act and (iii) the remaining $5 million of the Anchorage Loan was exchanged for a new $5 million loan (the “Restructured Loan”) pursuant to the New Loan Agreement.
CY2024Q3 us-gaap Investment Interest Rate
InvestmentInterestRate
0.0425 pure
CY2024Q3 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
1.1
CY2024Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
2000000 shares
us-gaap Warrant Exercise Price Increase
WarrantExercisePriceIncrease
1.5
us-gaap Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
1.5
CY2024Q3 us-gaap Product Warranty Liquidation Proceeds Percentage
ProductWarrantyLiquidationProceedsPercentage
0.1999 pure
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 us-gaap Preferred Stock Value
PreferredStockValue
usd
CY2023Q4 us-gaap Preferred Stock Value
PreferredStockValue
usd
CY2024Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2024Q3 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
usd
us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
usd
us-gaap Crypto Asset Unrealized Gain Loss Operating
CryptoAssetUnrealizedGainLossOperating
usd
us-gaap Crypto Asset Realized Gain Operating
CryptoAssetRealizedGainOperating
usd
us-gaap Crypto Asset Realized Gain Nonoperating
CryptoAssetRealizedGainNonoperating
usd
CY2024Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
usd
CY2024Q1 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
usd
CY2024Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
usd
CY2024Q1 gryp Cancelation Of Stock Subscription Receivable
CancelationOfStockSubscriptionReceivable
usd
gryp Impairment Of Digital Assets
ImpairmentOfDigitalAssets
usd
us-gaap Crypto Asset Realized Gain Operating
CryptoAssetRealizedGainOperating
usd
us-gaap Crypto Asset Realized Gain Nonoperating
CryptoAssetRealizedGainNonoperating
usd
us-gaap Crypto Asset Unrealized Gain Loss Nonoperating
CryptoAssetUnrealizedGainLossNonoperating
usd
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
usd
gryp Forfeiture Of Restricted Stock Grants
ForfeitureOfRestrictedStockGrants
usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
usd
gryp Compensation For Services Contributed By The Companys Ppresident
CompensationForServicesContributedByTheCompanysPpresident
usd
gryp Proceeds From The Sale Of Miners
ProceedsFromTheSaleOfMiners
usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
usd
gryp Proceeds From Reverse Recapitalization
ProceedsFromReverseRecapitalization
usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
usd
gryp Proceeds From Issuance Of Common Stock Atm
ProceedsFromIssuanceOfCommonStockATM
usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
usd
CY2024Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
usd
us-gaap Interest Paid Net
InterestPaidNet
usd
us-gaap Interest Paid Net
InterestPaidNet
usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
CY2024Q3 gryp Federal Insurance Limit
FederalInsuranceLimit
usd
CY2023Q4 gryp Percentage Of Bitcoin In Hot Wallets
PercentageOfBitcoinInHotWallets
pure
us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
usd
gryp Revaluation From Impairment
RevaluationFromImpairment
usd
gryp Revaluation From Impairment Accumulated Depreciation
RevaluationFromImpairmentAccumulatedDepreciation
usd
CY2023Q3 us-gaap Interest Expense
InterestExpense
15900 usd
CY2024Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
shares
gryp Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Forfeited
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageForfeited
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001755953

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0001213900-24-097500-index-headers.html Edgar Link pending
0001213900-24-097500-index.html Edgar Link pending
0001213900-24-097500.txt Edgar Link pending
0001213900-24-097500-xbrl.zip Edgar Link pending
ea0220312-10q_gryphon.htm Edgar Link pending
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