Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (unaudited)

v3.22.1
Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Apr. 30, 2022
Apr. 30, 2021
Cash flows from operating activities:    
Net Income (Loss) $ (1,454) $ 767
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Stock based compensation 803 0
Deferred income tax benefit (415) 0
Reverse of bad debt 0 (233)
Realized net (gain) loss on investment in cryptocurrency (26) 17
Fair value adjustment to cryptocurrency 147 0
Amortization and depreciation 50 0
Changes in operating assets and liabilities:    
Accounts receivable, net (48) 0
Inventory (23) 0
Prepaid expenses 51 1
Other assets (17) 0
Accounts payable to related party (6) 634
Accrued interest 0 (11)
Accounts payable and accrued expenses 250 19
Deferred revenue 152 200
Net cash provided by (used in) operating activities (536) 1,394
Cash flows from investing activities:    
Acquisition of cryptocurrencies, net 0 (1,953)
Capital expenditures (319) 0
Net cash used in investing activities (319) (1,953)
Cash flows from financing activities:    
Borrowing from related party 0 500
Payment of debt (8) 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 0 100
Net cash provided by (used in) financing activities 1,492 600
Net Change in Cash 637 41
Cash, beginning of period 1,062 0
Cash, end of period 1,699 41
Supplemental Disclosure of Cash Flows Information:    
Cash paid for interest 13 0
Cash paid for income taxes 3 0
Non-cash Investing and Financing Activities:    
Loan of cryptocurrency 0 500
Accounts receivable settlement for Render Payment $ 0 $ 233