Company: ANY
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001628280-25-015457
Chunk: 94

Company: Sphere 3D Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 8
Chunk 94
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13)Net loss—— — (9,470)— (9,470)Balance at December 31, 202425,453,327$497,957 $(1,821)$(456,821)$— $39,315 

See accompanying notes to consolidated financial statements.

F-6

 Sphere 3D Corp.

Consolidated Statements of Cash Flows

(in thousands of U.S. dollars)

Year Ended December 31,20242023Operating activities:Net loss$(9,470)$(23,330)Adjustments to reconcile net loss to net cash used in operating activities:Depreciation and amortization7,113 6,190 Unrealized gain on investment in equity securities(4,917)— Realized gain on sale of investment in equity securities(4,063)— Loss on disposal of property and equipment3,545 960 Impairment of property and equipment1,146 — Share-based compensation2,838 2,430 Impairment of other assets1,074 — Change in fair value of Bitcoin(682)— Bitcoin issued for services538 1,562 Change in fair value of warrant liabilities(174)(976)Provision for losses on deposits made due to vendor bankruptcy filings— 8,509 Gain on deconsolidation of SPAC— (6,140)Impairment of acquired intangible assets— 2,952 Realized gain on sale of Bitcoin— (1,131)Warrants issued with convertible debt— 976 Impairment of Bitcoin— 682 Gain on disposal of service and product segment - related party— (663)Issuance of common shares and warrants for settlement of liabilities— 214 Extinguishment of debt— 63 Noncash lease cost— 56 Changes in operating assets and liabilities:Proceeds from sale of Bitcoin14,842 19,326 Mining of Bitcoin(16,608)(19,730)Accounts receivable— 94 Accounts payable and accrued liabilities(262)2,573 Accrued payroll and employee compensation171 822 Other assets453 (2,512)Other liabilities(120)491 Net cash used in operating activities(4,576)(6,582)Investing activities: Proceeds from sale of equity investment11,450 — Payments for purchase of property and equipment(8,944)(1,561)