v3.25.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenue:        
Total revenue $ 892 $ 110 $ 1,337 $ 594
Expenses:        
General and administrative expenses (3,352) (2,506) (7,241) (7,525)
Stock-based compensation (7,350) (440) (7,775) (1,165)
Realized loss on cryptocurrency assets (21) (21)
Unrealized gain on ETH digital assets 14,078 14,078
Impairment and other (5) (1,475)
Income (loss) from operations 4,247 (2,836) 373 (9,571)
Other income (expense):        
Interest income (expense), net 13 (36) (40) (205)
Loss on equity holdings (7,289) (2,636) (7,468) (10,047)
Bargain purchase on acquisition and other (expense) income, net (5) (105) (4) 1,561
Total other expense, net (7,281) (2,777) (7,512) (8,691)
Loss from continuing operations before income taxes (3,034) (5,613) (7,139) (18,262)
Income tax (expense) benefit (103) 32 (245) 129
Net loss from continuing operations (3,137) (5,581) (7,384) (18,133)
Net (loss) income from discontinued operations (Note 6) (254) 23,240 (291) 25,422
Net (loss) income (3,391) 17,659 (7,675) 7,289
Net loss attributable to non-controlling interest (160)
Dividends declared on Series A Preferred Shares (447) (447) (1,341) (963)
Net (loss) income attributable to common shareholders $ (3,838) $ 17,212 $ (9,016) $ 6,486
Basic and diluted net (loss) income per common share:        
Continuing operations - basic $ (0.31) $ (5.27) $ (1.82) $ (19.20)
Continuing operations - diluted (0.31) (5.27) (1.82) (19.20)
Discontinued operations - basic (0.02) 20.33 (0.07) 25.78
Discontinued operations - diluted (0.02) 20.33 (0.07) 25.78
Total - basic (0.33) 15.06 (1.88) 6.58
Total - diluted $ (0.33) $ 15.06 $ (1.88) $ 6.58
Weighted average common shares outstanding:        
Basic 11,713 1,143 4,792 986
Diluted 11,713 1,143 4,792 986
ETH Staking Rewards [Member]        
Revenue:        
Total revenue $ 641 $ 641
Rental Income [Member]        
Revenue:        
Total revenue 104 110 311 594
Merchant Banking Advisory Fees [Member]        
Revenue:        
Total revenue $ 147 $ 385