Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (unaudited)

v3.23.2
Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jul. 31, 2023
Jul. 31, 2022
Cash flows from operating activities:    
Net Loss $ (4,910) $ (4,122)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation 1,366 1,481
Fair value adjustment to cryptocurrency 1,302 2,206
Deferred income tax benefit 0 (1,197)
Realized net gain on investment in cryptocurrency (9) (54)
Amortization and depreciation 118 100
Changes in operating assets and liabilities:    
Accounts receivable, net 20 (51)
Inventory (2) (43)
Prepaid expenses (183) (54)
Other assets 150 (43)
Accounts payable to related party 686 (30)
Accounts payable and accrued expenses 887 25
Deferred revenue (29) 144
Net cash used in operating activities (604) (1,638)
Cash flows from investing activities:    
Proceeds from cryptocurrencies, net 170 0
Capital expenditures (560) (609)
Net cash used in investing activities (390) (609)
Cash flows from financing activities:    
Payment of debt (9) (16)
Proceeds from issuance of Series C Preferred Stock 0 1,000
Proceeds from exercise of warrants 200 500
Net cash provided by financing activities 191 1,484
Net Change in Cash (803) (763)
Cash, beginning of period 824 1,062
Cash, end of period 21 299
Supplemental Disclosure of Cash Flows Information:    
Cash paid for interest 54 27
Cash paid for income taxes 0 3
Non-cash Investing and Financing Activities:    
Acquisition of cryptocurrency 2,242 0
Conversion of accounts payable to related party to common stock $ 0 $ 35