v3.24.2.u1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2024 |
Jun. 30, 2023 |
Jun. 30, 2024 |
Jun. 30, 2023 |
|
| Revenue | $ 35,574,000 | $ 15,456,000 | $ 78,007,000 | $ 26,989,000 |
| Cost of revenue (exclusive of depreciation shown below) | 13,918,000 | 5,113,000 | 28,326,000 | 10,115,000 |
| Gross profit | 21,656,000 | 10,343,000 | 49,681,000 | 16,874,000 |
| Cost of operations: | ||||
| Depreciation | 14,133,000 | 6,428,000 | 29,221,000 | 11,861,000 |
| Loss (gain) on fair value of digital currency, net | 700,000 | 0 | (629,000) | 0 |
| Realized gain on sale of digital currency | 0 | (583,000) | 0 | (1,186,000) |
| Impairment of digital currency | 0 | 682,000 | 0 | 1,309,000 |
| Total cost of operations | 28,421,000 | 16,188,000 | 58,762,000 | 31,940,000 |
| Operating loss | (6,765,000) | (5,845,000) | (9,081,000) | (15,066,000) |
| Interest expense | (5,325,000) | (8,450,000) | (16,370,000) | (15,284,000) |
| Loss on extinguishment of debt | 0 | 0 | (2,027,000) | 0 |
| Other income | 447,000 | 54,000 | 947,000 | 54,000 |
| Loss before income tax and equity in net income (loss) of investee | (11,643,000) | (14,241,000) | (26,531,000) | (30,296,000) |
| Income tax benefit | 0 | 0 | 0 | 0 |
| Equity in net income (loss) of investee, net of tax | 767,000 | (3,296,000) | 6,042,000 | (13,463,000) |
| Loss from continuing operations | (10,876,000) | (17,537,000) | (20,489,000) | (43,759,000) |
| Loss from discontinued operations, net of tax | 0 | (3,000) | 0 | (38,000) |
| Net loss | (10,876,000) | (17,540,000) | (20,489,000) | (43,797,000) |
| Preferred stock dividends | (292,000) | (265,000) | (578,000) | (524,000) |
| Net loss available to common stockholders, basic | (11,168,000) | (17,805,000) | (21,067,000) | (44,321,000) |
| Net loss available to common stockholders, diluted | $ (11,168,000) | $ (17,805,000) | $ (21,067,000) | $ (44,321,000) |
| Loss per common share: | ||||
| Continuing operations, basic (in dollars per share) | $ (0.03) | $ (0.08) | $ (0.07) | $ (0.24) |
| Continuing operations, diluted (in dollars per share) | (0.03) | (0.08) | (0.07) | (0.24) |
| Discontinued operations, basic (in dollars per share) | 0 | 0 | 0 | 0 |
| Discontinued operations, diluted (in dollars per share) | 0 | 0 | 0 | 0 |
| Loss per common share, basic (in dollars per share) | (0.03) | (0.08) | (0.07) | (0.24) |
| Loss per common share, diluted (in dollars per share) | $ (0.03) | $ (0.08) | $ (0.07) | $ (0.24) |
| Weighted average common shares outstanding: | ||||
| Basic (in shares) | 340,662,826 | 210,421,237 | 315,714,178 | 187,843,663 |
| Diluted (in shares) | 340,662,826 | 210,421,237 | 315,714,178 | 187,843,663 |
| Nonrelated Party | ||||
| Cost of operations: | ||||
| Operating expenses – related party | $ 797,000 | $ 468,000 | $ 1,582,000 | $ 776,000 |
| Selling, general and administrative expenses – related party | 9,113,000 | 5,878,000 | 21,402,000 | 12,370,000 |
| Related Party | ||||
| Cost of operations: | ||||
| Operating expenses – related party | 875,000 | 639,000 | 1,763,000 | 1,236,000 |
| Selling, general and administrative expenses – related party | $ 2,803,000 | $ 2,676,000 | $ 5,423,000 | $ 5,574,000 |
| X | ||||||||||
- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of realized gain (loss) from remeasurement of crypto asset, classified as operating. Excludes crypto asset held for platform user. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount of unrealized gain (loss) from remeasurement of crypto asset, classified as operating. Excludes crypto asset held for platform user. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation. No definition available.
|
| X | ||||||||||
- Definition Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation. No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount after tax of income (loss) from continuing operations including portion attributable to the noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities, and addition from assumption of issuance of common shares for dilutive potential common shares; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
|
| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount of income related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
|
| X | ||||||||||
- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Crypto Asset, Impairment No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|