v3.22.2.2
Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jul. 31, 2022
Jul. 31, 2021
Cash flows from operating activities:    
Net Income (Loss) $ (4,122) $ 3,307
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Stock based compensation 1,481 0
Deferred income tax benefit (1,197) 0
Reverse of bad debt 0 (233)
Realized net (gain) loss on investment in cryptocurrency (54) 85
Loss on cryptocurrency impairment 0 16
Fair value adjustment to cryptocurrency 2,206 (2,435)
Amortization and depreciation 100 23
Changes in operating assets and liabilities:    
Accounts receivable, net (51) 4
Interest receivable 0 (32)
Inventory (43) (4)
Prepaid expenses (54) (26)
Other assets (43) (2)
Accounts payable to related party (30) 408
Accounts payable and accrued expenses 25 (241)
Deferred revenue 144 (93)
Net cash provided by (used in) operating activities (1,638) 777
Cash flows from investing activities:    
Acquisition of cryptocurrencies, net 0 (268)
Proceeds from sale of cryptocurrencies 0 74
Acquisitions, net of cash received 0 (23)
Capital expenditures (609) 0
Net cash used in investing activities (609) (217)
Cash flows from financing activities:    
Payment to related party 0 (500)
Proceeds from debt 0 266
Payment of debt (16) 0
Proceeds from issuance of Series C Preferred Stock 1,000 0
Proceeds from exercise of warrants 500 0
Proceeds from issuance of stock, net 0 493
Net cash provided by financing activities 1,484 259
Net Change in Cash (763) 819
Cash, beginning of period 1,062 0
Cash, end of period 299 819
Supplemental Disclosure of Cash Flows Information:    
Cash paid for interest 27 3
Cash paid for income taxes 3 0
Non-cash Investing and Financing Activities:    
Conversion of accounts payable to related party to common stock 35 0
Loan of cryptocurrency 0 500
Cryptocurrency received for payment under contract 0 240
Fair value of assets in acquisitions 0 9,433
Fair value of liabilities assumed in acquisitions 0 791
Accounts receivable settlement for Render Payment 0 233
Conversion of note receivable in exchange for common stock and preferred stock 0 1,598
Issuance of stock for services 0 1,110
Issuance of Series A Preferred for services $ 0 $ 2,000

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