v3.23.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
CONSOLIDATED STATEMENTS OF OPERATIONS        
Revenue $ 15,456 $ 1,385 $ 26,989 $ 1,602
Cost of revenue (exclusive of depreciation shown below) 5,113 591 10,115 623
Gross profit 10,343 794 16,874 979
Cost of operations:        
Operating expenses 468 948 776 1,428
Operating expenses - related party 639 147 1,236 209
Selling, general and administrative expenses 5,878 4,334 12,370 10,319
Selling, general and administrative expenses - related party 2,676 2,423 5,574 5,239
Depreciation 6,428 200 11,861 204
Realized gain on sale of digital currency (583)   (1,186)  
Impairment of digital currency 682 558 1,309 563
Total cost of operations 16,188 8,610 31,940 17,962
Operating loss (5,845) (7,816) (15,066) (16,983)
Interest expense (8,450) (4,139) (15,284) (9,461)
Other income 54   54  
Loss before income tax and equity in net loss of investee (14,241) (11,955) (30,296) (26,444)
Income tax (expense) benefit
Equity in net loss of investee, net of tax (3,296) (1,084) (13,463) (1,872)
Loss from continuing operations (17,537) (13,039) (43,759) (28,316)
Loss from discontinued operations, net of tax (3) (630) (38) (3,536)
Net loss (17,540) (13,669) (43,797) (31,852)
Preferred stock dividends (265) (239) (524) (284)
Net loss attributable to common stockholders $ (17,805) $ (13,908) $ (44,321) $ (32,136)
Loss per common share:        
Continuing operations, basic $ (0.08) $ (0.13) $ (0.24) $ (0.28)
Continuing operations, diluted (0.08) (0.13) (0.24) (0.28)
Discontinued operations, basic   (0.01)   (0.03)
Discontinued operations, diluted   (0.01)   (0.03)
Earnings per share, basic (0.08) (0.14) (0.24) (0.31)
Earnings per share, diluted $ (0.08) $ (0.14) $ (0.24) $ (0.31)
Weighted average common shares outstanding:        
Basic 210,421,237 104,119,328 187,843,663 102,131,393
Diluted 210,421,237 104,119,328 187,843,663 102,131,393

Source