v3.26.1
Condensed Consolidated Statements of Operations (Unaudited)
shares in Thousands, $ in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2026
USD ($)
$ / shares
shares
Mar. 31, 2025
USD ($)
$ / shares
shares
Revenue:    
Total revenue $ 232 $ 238
Expenses:    
General and administrative expenses (3,680) (2,337)
Stock-based compensation (117) (175)
Realized loss on digital assets (18,664)
Unrealized loss on measurement of fair value of ETH digital assets (17,995)
Loss from operations (40,224) (2,274)
Other income (expense):    
Interest income (expense), net 44 (4)
Gain (loss) on equity holdings 32 (6,419)
Loss on financial instruments (98)
Foreign currency transaction loss (26)
Total other expense, net (48) (6,423)
Loss from continuing operations before income taxes (40,272) (8,697)
Income tax benefit 9 68
Net loss from continuing operations (40,263) (8,629)
Net income (loss) from discontinued operations (Note 5) 1,625 (1,126)
Net loss (38,638) (9,755)
Discount on repurchase of Series A Preferred Shares 12
Dividends declared on Series A Preferred Shares (370) (447)
Net loss attributable to common shareholders $ (38,996) $ (10,202)
Basic and diluted net (loss) income per common share:    
Continuing operations - basic | $ / shares $ (6.13) [1] $ (35.73) [1]
Continuing operations - diluted | $ / shares (6.13) [1] (35.73) [1]
Discontinued operations - basic | $ / shares 0.25 (4.44)
Discontinued operations - diluted | $ / shares 0.25 (4.44)
Total - basic | $ / shares (5.88) (40.17)
Total - diluted | $ / shares $ (5.88) $ (40.17)
Weighted average common shares outstanding:    
Weighted average common shares outstanding - basic | shares 6,632 [1],[2] 254 [1],[2]
Weighted average common shares outstanding - diluted | shares 6,632 [1],[2] 254 [1],[2]
Rental Income [Member]    
Revenue:    
Total revenue $ 104 $ 110
Merchant Banking Advisory Fees [Member]    
Revenue:    
Total revenue $ 128 $ 128
[1] Information pertaining to the number of shares outstanding and per share data gives retroactive effect to a 1 for 5 reverse stock split that became effective on February 13, 2026.
[2] Information pertaining to the number of shares outstanding and per share data gives retroactive effect to a 1 for 5 reverse stock split that became effective on February 13, 2026.