v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
Sep. 30, 2025
Cash Flow from Operating Activities:            
Net loss       $ (14,995) $ (14,132)  
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:            
Depreciation and amortization       (61) 1,815  
Non-cash fixed assets adjustment $ 70     73  
Interest expense on lease liability       180  
Share-based compensation       961 1,664  
Debt discount amortization       2,696  
Future tax recovery       112  
Bad debt expense       (42)  
Income tax provision 2   6  
Change in fair value of digital assets 2,895   3,359  
Change in fair value of equity securities       493  
Change in fair value of derivative liabilities (592)   (592)  
Loss on settlement of debt $ 3,100 3,064  
Other       8  
Changes in operating assets and liabilities:            
Short-term investments, net       (3,005)  
Accounts receivable, net       181 4,202  
Inventories, net       (8) 1,616  
Prepaid expenses and other assets       (624) (66)  
Accounts payable       (1,195) 4,364  
Accrued liabilities       132  
Other       317  
Cash (Used in) Provided by Operating Activities       (9,549) 72  
Cash Flow from Investing Activities:            
Purchase of digital assets (8,001)     (16,468)  
Proceeds from sale of digital assets       4,776  
Purchase of equity securities       (2,244)  
Proceeds from sale of equities and option contracts (active trades)       62,676  
Purchases of equities and option contracts (active trades)       (62,826)  
Purchase of convertible note receivable       (1,407)  
Cash paid for acquisitions, net of assets acquired       3,687  
Capital expenditures, net of disposals       6  
Purchase of intangible assets, net of disposals       (1)  
Cash (Used in) Provided by Investing Activities       (15,493) 3,692  
Cash Flow from Financing Activities:            
Proceeds from issuance of common stock       55,064  
Proceeds from issuance of convertible preferred stock       13,240  
Redemption of Series A convertible preferred stock       (21,773)  
Repayment of senior debt       (5,367)  
Repayment of convertible debt       (1,623)  
Proceeds from share issuance       676  
Proceeds of loans payable       2,055  
Payment of principal portion of lease liabilities       (816)  
Cash paid for financing costs       (625)  
Repayment of short-term borrowings       (143)  
Redemption of shares       (193)  
Repurchase of common stock       (7)  
Cash Provided by (Used in) Financing Activities       44,276 (3,788)  
Net cash provided by continuing operations       19,234  
Net cash used in discontinued operations       (24)  
Net increase (decrease) in cash and cash equivalents       19,234 (24)  
Effect of foreign currency translation adjustments       (8)  
Total cash and cash equivalents, beginning of period   $ 1,309   1,309 108 $ 108
Total cash and cash equivalents, end of period $ 20,543   $ 76 20,543 76 $ 1,309
Supplemental schedule of cash flow information:            
Cash paid for interest during the period        

Source

10-Q XBRL Zip