v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
 [1]
ASSETS    
Cash and cash equivalents $ 14,141 $ 13,395
ETH digital assets 43,455 119,384
Digital intangible assets, at cost less impairment 17,233
Equity holdings 17,148 14,670
Property, plant and equipment, net 2,098 2,208
Assets of discontinued operations 13,883
Other assets 1,606 304
Total assets 95,681 163,844
LIABILITIES    
Accounts payable and accrued expenses 2,716 5,338
Short-term debt, net of issuance costs 1,863 1,923
Deferred income taxes, net 351 365
Liabilities of discontinued operations 9,427
Other liabilities 3,300
Total liabilities 4,930 20,353
Commitments and contingencies (Note 13)  
STOCKHOLDERS’ EQUITY    
Series A Preferred Shares, $25.00 par and liquidation value, 10,000,000,000 shares authorized, 677,160 shares issued and outstanding as of March 31, 2026 and 888,884 shares issued and outstanding as of December 31, 2025 16,929 22,223
Common stock, $0.001 par value; 180,000,000,000 shares authorized, 8,705,053 issued and 6,530,207 outstanding as of March 31, 2026 and 8,698,994 issued and 7,080,747 outstanding as of December 31, 2025 [2] 70 70
Treasury stock (2,174,846 and 1,618,248 shares at cost as of March 31, 2026 and December 31, 2025, respectively) (34,880) (26,133)
Additional paid-in capital 216,799 216,682
Accumulated deficit (107,739) (68,743)
Accumulated other comprehensive loss (428) (608)
Total stockholders’ equity 90,751 143,491
Total liabilities and stockholders’ equity $ 95,681 $ 163,844
[1] Derived from the audited consolidated balance sheet.
[2] Information pertaining to the number of shares outstanding gives retroactive effect to a 1 for 5 reverse stock split that became effective on February 13, 2026.