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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash Flows From Operating Activities    
Net loss $ (8,781) $ (23,283)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation 170 3,291
(Gain) loss on sale of property and equipment (599) 47
Termination of management agreements 536
Change in fair value of liability (176)
Impairment of property and equipment 64 6,345
Stock-based compensation expense 2,301 6,402
Warrant modification expense 139
Extinguishment of note payable (3,540) (1,875)
Loss on sale of business unit 127
Amortization of note discount 5,605 919
Change in operating assets and liabilities    
Prepaid expenses and other current assets 80 514
Intangible digital assets 12 18
Management agreement termination liability (45)
Right of use asset 9
Operating lease liability (6)
Other assets 66 (204)
Accounts payable 352 210
Accrued expenses (8) (1,413)
Net cash used in operating activities (3,960) (8,763)
Cash Flows From Investing Activities    
Proceeds from sale of cybersecurity assets 60
Deposits on property and equipment (203)
Purchase of property and equipment (3,646) (6,994)
Proceeds from sale of property and equipment 535 427
Net cash used in investing activities (3,314) (6,507)
Cash Flows From Financing Activities    
Proceeds from sale of common stock 525 80
Payment of deferred offering costs (70)
Proceeds from the issuance of notes payable, net of original issue discount 5,200
Proceeds from sale of stock under equity purchase agreement, net of issuance costs 5,053 1,309
Sale of preferred stock, net of issuance costs 1,990
Repayment of notes payable (210) (1,649)
Proceeds from exercise of warrants 120 907
Warrant Buybacks (14)
Net cash provided by financing activities 7,394 5,847
Net change in cash and cash equivalents 120 (9,423)
Cash and cash equivalents, beginning of year 96 9,519
Cash and cash equivalents, end of year 216 96
Supplemental disclosure of cash flow information    
Cash paid for interest 3 14
Cash paid for income tax
Non-cash investing and financing activities    
Deemed dividend on warrant modification and beneficial conversion feature of preferred stock 1,005
Deemed dividend on trigger of down round provision 2,514
Cumulative effect adjustment related to ASU adoption 3
Conversion of notes payable into common stock 2,738
Repayment of note payable and interest through the issuance of shares under the equity purchase agreement 354 1,310
Acquisition of miners through common stock 311
Reclassification of NCI to accumulated deficit 22
Reclassification of deferred offering costs 70 160
Conversion of Series C convertible preferred stock into common stock $ 28