Quarterly report [Sections 13 or 15(d)]

Condensed Statements of Cash Flows (Unaudited)

v3.26.1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (4,051,000) $ (4,230,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 547,000 547,000
Stock-based compensation 1,115,000 284,000
Change in fair value of warrant liability (4,000) (717,000)
Amortization/accretion of premiums and discounts on available-for-sale securities, net (11,000) 0
Change in fair value of contingent consideration 0 (59,000)
Change in fair value of debt 0 495,000
Gain on sale of intangible assets 0 (243,000)
Changes in operating assets and liabilities:    
Accounts receivable (172,000) 1,198,000
Prepaid expense and other current assets (265,000) (352,000)
Accounts payable and accrued expense 467,000 107,000
Contract liabilities (95,000) 583,000
Net cash used in operating activities (2,523,000) (2,203,000)
CASH FLOWS FROM INVESTING ACTIVITIES    
Investment in marketable securities, available-for-sale (8,982,000) 0
Proceeds from sale of marketable securities, available-for-sale 1,820,000 0
Capitalization of software development costs (10,000) (100,000)
Other intangibles (25,000) 0
Net cash provided by (used in) investing activities (7,637,000) 283,000
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of preferred stock, net of issuance costs 0 231,000
Proceeds from notes payable, net of debt issuance costs 0 3,079,000
Payments on notes payable 0 (2,075,000)
Proceeds from accounts receivable facility 0 259,000
Payments on accounts receivable facility 0 (137,000)
Net cash provided by financing activities 0 1,357,000
NET DECREASE IN CASH (10,160,000) (563,000)
Cash and Cash Equivalents – beginning of period 14,390,000 1,310,000
Cash and Cash Equivalents – end of period 4,230,000 747,000
SUPPLEMENTAL NONCASH INVESTING AND FINANCING ACTIVITIES    
Cash paid for interest 0 801,000
Equity Purchase Agreement [Member]    
SUPPLEMENTAL NONCASH INVESTING AND FINANCING ACTIVITIES    
Issuance of common stock 0 159,000
Minehut [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of other productive assets 0 383,000
Solsten, Inc [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES    
Investment in Solsten Inc. (200,000) 0
Hide or Die! [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES    
Investment in Roblox digital property (165,000) 0
SUPPLEMENTAL NONCASH INVESTING AND FINANCING ACTIVITIES    
Issuance of common stock 36,958 0
Let's Bounce, Inc [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash paid in connection with Bounce Acquisition (75,000) 0
Superbiz Acquisition [Member]    
SUPPLEMENTAL NONCASH INVESTING AND FINANCING ACTIVITIES    
Issuance of common stock 0 336,000
Available-for-Sale Securities [Member]    
Changes in operating assets and liabilities:    
Accrued interest (54,000) 0
Notes Payable to Banks [Member]    
Changes in operating assets and liabilities:    
Accrued interest $ 0 $ 184,000