NOTE 3 – PREPAID EXPENSES AND OTHER CURRENT ASSETS
Prepaid expenses and other
current assets consist of the following (in thousands):
| | |
June 30,
2026 | | |
December 31,
2025 | |
| Director and officer’s insurance | |
$ | 1,000 | | |
$ | 2,212 | |
| Aircraft engines deposit | |
| - | | |
| 1,216 | |
| Derivative instruments, including collateral posted1 | |
| 2,192 | | |
| - | |
| Loan collateral deposits2 | |
| 2,258 | | |
| - | |
| Leasehold improvement deposit | |
| - | | |
| 988 | |
| Professional fees | |
| 299 | | |
| 78 | |
| Other | |
| 36 | | |
| 20 | |
| Total prepaid expenses and other current assets | |
$ | 5,785 | | |
$ | 4,514 | |
| (1) | Includes $2.1 million of cash collateral related to ETH-denominated derivative instruments. See Note 5 – Digital Assets. | | | | | (2) | Cash collateral related to ETH-denominated loan. See Note 9 – Debt. |
|