XML 13 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Dec. 31, 2019
Cash Flows From Operating Activities        
Net loss $ (581) $ (1,324) $ (3,887) $ (8,781)
Adjustments to reconcile net loss to net cash used in operating activities        
Depreciation 189 342 1,102 170
Gain on sale of property and equipment (1) (30) 352 (599)
Impairment of property and equipment     49 64
Change in fair value of liability 67 (15) (26) (176)
Change in fair value of derivative liability 67 (309)
Stock-based compensation expense 220 222 2,301
Funding from SBA PPP loan recognized as income     (111)
Extinguishment of note payable     (3,540)
Amortization of note discount 62 421 882 5,605
Amortization of right-of-use asset     20
Non-cash interest expense     355
Termination of management agreements     536
Change in operating assets and liabilities        
Prepaid expenses and other current assets (2) 57 115 80
Intangible digital assets (2) 6 14 12
Management agreement termination liability (44) (90) (45)
Right of use asset 5 9 2 9
Operating lease liability (5) (9) (22) (6)
Other assets     66
Accounts payable 301 453 466 352
Accrued expenses (212) 97 216 (8)
Net cash provided by (used) in operating activities (179) 183 (650) (3,960)
Cash Flows From Investing Activities        
Purchase of property and equipment (343) (376) (3,646)
Proceeds from sale of property and equipment 131   686 535
Proceeds from sale of Bitcoin received for sale of equipment     53
Deposits made on property and equipment (38) (38) (203)
Refund of security deposit     34
Net cash provided by (used in) investing activities 131 (381) 359 (3,314)
Cash Flows From Financing Activities        
Proceeds from SBA PPP loan     111
Proceeds from convertible note payable 1,000 200
Proceeds from sale of common stock     525
Payment of deferred offering costs     (70)
Proceeds from sale of stock under equity purchase agreement, net of issuance costs     5,053
Sale of preferred stock, net of issuance costs     1,990
Repayment of notes payable     (210)
Proceeds from exercise of warrants     120
Warrant buybacks     (14)
Net cash provided by financing activities 1,000 311 7,394
Net change in cash and cash equivalents 952 (198) 20 120
Cash and cash equivalents, beginning of period 236 216 216 96
Cash and cash equivalents, end of period 1,188 18 236 216
Supplemental disclosure of cash flow information        
Cash paid for interest 3
Cash paid for income tax
Non-cash investing and financing activities        
Reclassification of deposit to property plant and equipment     202
Deemed dividend on warrant modification and beneficial conversion feature of preferred stock     1,005
Cumulative effect adjustment related to ASU adoption     3
Conversion of notes payable into common stock $ 350 929 2,738
Repayment of note payable and interest through the issuance of shares under the equity purchase agreement     354
Acquisition of miners through common stock     311
Conversion of Series C convertible preferred stock into common stock     28
Reclassification of deferred offering costs     70
Discount related to convertible promissory note $ 1,000   $ 230