Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
|
Sep. 30, 2021 |
Dec. 31, 2020 |
Dec. 31, 2019 |
| Current assets: |
|
|
|
| Cash and cash equivalents |
$ 100,521,000
|
$ 461,000
|
$ 149,000
|
| Accounts receivable |
226,000
|
264,000
|
369,000
|
| Inventories |
501,000
|
558,000
|
753,000
|
| Notes receivable |
2,140,000
|
|
|
| Other current assets |
1,686,000
|
807,000
|
670,000
|
| Total current assets |
105,074,000
|
2,090,000
|
1,941,000
|
| Notes receivable |
11,386,000
|
3,207,000
|
|
| Investment in special purpose acquisition company |
5,420,000
|
|
|
| Investment in affiliate |
2,100,000
|
2,100,000
|
2,100,000
|
| Property and equipment, net |
|
|
2,000
|
| Intangible assets, net |
13,186,000
|
2,608,000
|
2,301,000
|
| Goodwill |
1,385,000
|
1,385,000
|
1,385,000
|
| Other assets |
85,300,000
|
443,000
|
677,000
|
| Total assets |
223,851,000
|
11,833,000
|
8,406,000
|
| Current liabilities: |
|
|
|
| Accounts payable and accrued liabilities |
2,233,000
|
1,976,000
|
4,113,000
|
| Accrued liabilities |
319,000
|
958,000
|
475,000
|
| Accrued payroll and employee compensation |
295,000
|
293,000
|
340,000
|
| Deferred revenue |
387,000
|
657,000
|
1,069,000
|
| Debt |
|
1,121,000
|
|
| Debt, related party |
|
304,000
|
|
| Line of credit |
|
406,000
|
491,000
|
| Other current liabilities |
5,000
|
90,000
|
158,000
|
| Total current liabilities |
3,239,000
|
5,805,000
|
6,646,000
|
| Deferred revenue, long-term |
94,000
|
301,000
|
485,000
|
| Long-term debt |
|
672,000
|
|
| Other non-current liabilities |
1,046,000
|
46,000
|
35,000
|
| Total liabilities |
4,379,000
|
6,824,000
|
7,166,000
|
| Commitments and contingencies |
|
|
|
| Shareholders’ equity: |
|
|
|
| Preferred stock value |
957,000
|
11,769,000
|
8,444,000
|
| Common stock value |
425,860,000
|
192,406,000
|
186,161,000
|
| Accumulated other comprehensive loss |
(1,787,000)
|
(1,791,000)
|
(1,769,000)
|
| Accumulated deficit |
(205,558,000)
|
(197,375,000)
|
(191,596,000)
|
| Total shareholders’ equity |
219,472,000
|
5,009,000
|
1,240,000
|
| Total liabilities and shareholders’ equity |
223,851,000
|
11,833,000
|
$ 8,406,000
|
| Gryphon Digital Mining, Inc. |
|
|
|
| Current assets: |
|
|
|
| Cash and cash equivalents |
5,586,000
|
12,000
|
|
| Accounts receivable |
136,000
|
|
|
| Prepaid expense |
143,000
|
1,000
|
|
| Digital asset |
6,000
|
|
|
| Total current assets |
5,871,000
|
13,000
|
|
| Mining equipment, net |
3,630,000
|
|
|
| Deposits |
24,671,000
|
|
|
| Total assets |
34,172,000
|
13,000
|
|
| Current liabilities: |
|
|
|
| Accounts payable and accrued liabilities |
618,000
|
|
|
| Notes payable – current portion |
2,046,000
|
|
|
| Total current liabilities |
2,664,000
|
|
|
| Notes payable – long term |
7,954,000
|
|
|
| Convertible notes payable – net |
5,017,000
|
|
|
| Total liabilities |
15,635,000
|
|
|
| Commitments and contingencies |
|
|
|
| Shareholders’ equity: |
|
|
|
| Preferred stock value |
|
|
|
| Series seed preferred stock |
|
|
|
| Series seed II preferred stock, par value $0.0001, 1,000,000 shares authorized and 260,807 and 0 issued and outstanding, respectively |
|
|
|
| Common stock value |
2,000
|
1,000
|
|
| Additional paid-in capital |
32,968,000
|
18,000
|
|
| Subscription receivable |
(28,000)
|
(4,000)
|
|
| Accumulated deficit |
(14,405,000)
|
(2,000)
|
|
| Total shareholders’ equity |
18,537,000
|
13,000
|
|
| Total liabilities and shareholders’ equity |
$ 34,172,000
|
$ 13,000
|
|