Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
OPERATING ACTIVITIES:    
Net loss from continuing operations $ (2,377) $ (825)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 2,319 1,090
Charge in reserve for uncollectible accounts 254 0
Stock based compensation expense 1,507 14
Related party notes issued for shared services 600 0
Accretion of note receivable discount 0 (1,021)
Amortization of ROU asset 14 0
Unrealized gain on marketable securities 1,058 514
Unrealized loss on digital assets (431) 0
Change in deferred tax liability (3,353) 0
Changes in assets and liabilities:    
Accounts receivable, net of acquisitions and dispositions 1,303 506
Digital assets receivable (11,060) 0
Prepaid expenses and other current assets, net of dispositions 483 309
Digital assets payable 12,071 0
Accounts payable and accrued expenses, net of dispositions 1,331 (689)
Other Assets 10 (346)
Operating cash flows provided by discontinued operations 0 2,320
Net cash provided by operating activities 3,729 1,872
INVESTING ACTIVITIES:    
Cash acquired in Alt5 Subsidiary acquisition 5,853 0
Investing cash flows used in discontinued operations 0 (156)
Net cash provided by (used in) investing activities 5,853 (156)
FINANCING ACTIVITIES:    
Proceeds from equity financing, net 851 792
Proceeds from the issuance of notes payable 3,100 0
Proceeds from related parties 603 0
Warrants exercised 0 259
Payments on notes payable (2,229) (274)
Payments on related party notes payable (248) 0
Financing cash flows from discontinued operations 0 (2,212)
Net cash provided by (used in) financing activities 2,077 (1,435)
Effect of changes in exchange rate on cash and cash equivalents (2,995) 17
INCREASE IN CASH AND CASH EQUIVALENTS 8,664 298
CASH AND CASH EQUIVALENTS, beginning of period 5 115
CASH AND CASH EQUIVALENTS, end of period 8,669 413
Supplemental cash flow disclosures:    
Interest paid 0 118
Income taxes paid 0 0
Noncash recognition of new leases 134 0
Other Significant Noncash Transactions [Line Items]    
Notes payable converted to common stock 467 0
Common stock issued for property and equipment 1,170 0
Stock issued for the acquisition of Alt5 Subsidiary    
Other Significant Noncash Transactions [Line Items]    
Stock Issued 16,000 0
Common stock issued for consulting services    
Other Significant Noncash Transactions [Line Items]    
Stock Issued 853 0
Common stock issued for liability obligations    
Other Significant Noncash Transactions [Line Items]    
Stock Issued $ 367 $ 0