Company: ANY
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001628280-25-015457
Chunk: 28

Company: Sphere 3D Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 8
Chunk 28
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depreciation and amortization shown below)13,378 15,031 Cost of service and product revenue— 913 Sales and marketing— 948 Research and development— 1,026 General and administrative12,445 15,825 Depreciation and amortization7,113 6,190 Loss on disposal of property and equipment3,545 960 Impairment of property and equipment1,146 — Impairment of other assets1,074 — Change in fair value of Bitcoin(682)— Provision for losses on deposits due to vendor bankruptcy filings— 8,509 Impairment of acquired intangible assets— 2,952 Realized gain on sale of Bitcoin— (1,131)Impairment of Bitcoin— 682 Total operating expenses38,019 51,905 Loss from operations(21,411)(29,999)Other income (expense):Investment income8,980 — Other income, net3,111 1,062 Gain on deconsolidation of SPAC— 6,140 Interest expense— (1,183)Gain on disposal of service and product segment - related party— 663 Net loss before taxes(9,320)(23,317)Provision for income taxes150 13 Net loss(9,470)(23,330)Less: Non-controlling interest - income— 76 Net loss attributable to common shareholders$(9,470)$(23,406)Net loss per share:Basic and diluted$(0.48)$(1.93)Shares used in computing net loss per share:Basic and diluted19,801,626 12,129,302 

See accompanying notes to consolidated financial statements.

F-4

Sphere 3D Corp.

Consolidated Statements of Comprehensive Loss

(in thousands of U.S. dollars)

Year Ended December 31,20242023Net loss$(9,470)$(23,330)Other comprehensive loss:Foreign currency translation adjustment(13)(9)Total other comprehensive loss(13)(9)Comprehensive loss$(9,483)$(23,339)

See accompanying notes to consolidated financial statements.

F-5

Sphere 3D Corp.

Consolidated Statements of Shareholders’ Equity

(in thousands of U.S. dollars, except shares)

Common SharesAccumulatedOtherComprehensiveLossAccumulatedDeficitNon-controlling InterestTotalShare