v3.20.2
Condensed Interim Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net loss $ (14,867) $ (15,029)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 2,381 350
Depreciation and amortization 1,493 47
Amortization of license fee revenue (48) (48)
Amortization of right of use assets 648 1,148
Impairment of long-term investment 9,413
Impairment of cryptocurrencies 989
Loss on issuance of convertible notes, common stock and warrants 6,155
Change in fair value of convertible notes 3,895
Change in fair value of warrant liability 2,870
Gain on deconsolidation of Tess (1,139)
Reversal of registration rights penalty (1,358)
Gain on extinguishment of accounts payable, other liabilities and accrued expenses (808)
Realized gain on exchange of cryptocurrencies (106) (642)
Gain on sale of equipment (35)
Changes in assets and liabilities:    
Prepaid expenses and other current assets 1,206 916
Cryptocurrencies - mining, net of mining pool operating fees (4,216) (3,772)
Accrued interest (19)
Accounts payable 141 (1,831)
Accrued expenses (278) 880
Lease liability (649) (1,155)
Net cash used in operating activities (5,286) (8,182)
Cash flows from investing activities    
Proceeds from sale of cryptocurrencies 3,196
Proceeds from sale of equipment 98
Deposits on equipment (5,520)
Purchases of property and equipment (1,449) (5)
Patent costs incurred (28) (26)
Net cash (used in) provided by investing activities (6,899) 3,165
Cash flows from financing activities    
Proceeds from issuance of convertible notes 3,000
Repayment of notes payable and other obligations (950)
Proceeds from the issuance of common stock / At-the-market offering 14,610 19,672
Offering costs for the issuance of common stock / At-the-market offering (504) (819)
Repurchase of common shares to pay employee withholding taxes (221)
Net cash provided by financing activities 13,885 20,903
Net increase in cash and cash equivalents 1,700 15,886
Cash and cash equivalents at beginning of period 7,440 225
Cash and cash equivalents at end of period 9,140 16,111
Supplemental disclosure of cash flow information:    
Cash paid for interest 2
Cash paid for taxes
Supplemental disclosure of noncash investing and financing activities:    
Issuance of common stock to settle previously accrued executive compensation 175
Cryptocurrencies received from sale of equipment 52
Conversion of notes payable to common stock 10,226
Reclassification of warrant liability to equity 5,439
Conversion of preferred stock to common stock $ 42

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