|
FY2025
12 months to Dec 31, 2025
|
FY2024
12 months to Dec 31, 2024
|
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|---|---|---|
| Cash flows from operating activities: | ||
| Net loss | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock-based compensation | ||
| Issuance of common stock for compensation | ||
| Issuance of common stock for services | ||
| Bad debt expense | ||
| Gain on change in fair value of derivative liability | ||
| Depreciation | ||
| Debt restructuring costs | ||
| Loss on acquisition of Nakamoto Holdings | ||
| Interest paid in digital assets | ||
| Amortization of debt discounts | ||
| Change in fair value of digital assets | ||
| Loss on investments | ||
| Change in fair value of call option - related party | ||
| Amortization of right-of-use assets | ||
| Other | ||
| Changes in operating assets and liabilities: | ||
| Accounts receivable | ||
| Inventories | ||
| Prepaid expenses and other current assets | ||
| Security deposits | ||
| Accounts payable and accrued expenses | ||
| Customer deposits | ||
| Operating lease liabilities | ||
| Non-current liabilities | ||
| Net cash used in operating activities | ||
| Cash flows from investing activities: | ||
| Purchases of property and equipment | ||
| Proceeds from sale of digital assets | ||
| Proceeds from investments | ||
| Capitalized software | ||
| Purchase of digital assets | ||
| Investments in unconsolidated affiliates | ||
| Cash acquired in acquisition of Nakamoto Holdings | ||
| Net cash used in investing activities | ||
| Cash flows from financing activities: | ||
| Net proceeds from issuance of convertible notes payable | ||
| Net proceeds from issuance of common shares and warrants in connection with a public offering | ||
| Net proceeds from issuance of notes payable | ||
| Proceeds from loan payable | ||
| Proceeds from issuance of common stock related to PIPE Financings | ||
| Proceeds from issuance of common stock issued for At-The-Market offering | ||
| Proceeds from issuance of common stock related to exercise of warrants | ||
| Repurchase of treasury stock | ||
| Repayments of notes payable | ||
| Repayments of convertible notes payable | ||
| Repayments of finance lease liabilities | ||
| Net cash provided by financing activities | ||
| Net change in cash and cash equivalents | ||
| Cash and cash equivalents - beginning of period | ||
| Cash and cash equivalents - end of period | ||
| Supplemental cash flow information: | ||
| Cash paid for: | ||
| Interest | ||
| Non-cash investing and financing activities: | ||
| Fair value of derivative liabilities recognized upon issuance of notes payable | ||
| Extinguishment of derivative liabilities upon settlement of notes payable | ||
| Financed purchase of property and equipment | ||
| Measurement of operating lease right-of-use assets and liabilities | ||
| Debt discounts on notes payable | ||
| Recognition of contingent financial asset related to call option | ||
| Issuance of common stock for Convert Fee Shares | ||
| Issuance of common stock for Nakamoto Holdings acquisition | ||
| Issuance of digital assets and common stock for intangible asset acquisition | ||
| Issuance of common stock for cashless exercise of warrants | ||
| Proceeds from notes payable in USDT | ||
| Payments of notes payable in USDT | ||
| Issuance of Bitcoin for Investment | ||
| Issuance of USDC for investment in unconsolidated affiliate | ||
| Repurchase of treasury stock | ||
| Fair value of derivative liability recognized upon issuance of notes payable | ||
| Extinguishment of derivative liability upon settlement of notes payable | ||
| Financed purchases of property and equipment | ||
| Operating lease right-of-use asset and liability measurement |
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