Company: ANY
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001591956-25-000014
Chunk: 6

Company: Sphere 3D Corp.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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ows

(in thousands of U.S. dollars)

(unaudited)

Nine MonthsEnded September 30,20252024Operating activities:Net loss$(11,366)$(2,249)Adjustments to reconcile net loss to net cash used in operating activities:Realized gain on sale of investment in equity securities(5,356)(3,395)Unrealized (gain) loss on investment in equity securities4,917 (4,093)Depreciation and amortization4,997 5,374 Loss on disposal of property and equipment1,652 691 Share-based compensation601 2,369 Impairment of property and equipment500 860 Change in fair value of Bitcoin(373)(695)Provision for loss on other current assets300 — Issuance of common shares to nonemployees232 — Change in fair value of warrant liabilities(27)(173)Bitcoin issued for services— 538 Changes in operating assets and liabilities:Proceeds from sale of Bitcoin— 13,529 Mining of Bitcoin(8,458)(13,967)Accounts payable and accrued liabilities(1,340)(1,567)Accrued payroll and employee compensation(891)(100)Other assets and liabilities, net1,217 (186)Net cash used in operating activities(13,395)(3,064)Investing activities:Proceeds from sale of investment in equity securities7,969 10,538 Proceeds from sale of Bitcoin7,637 1,522 Payments for purchase of property and equipment(3,494)(4,632)Proceeds from sale of property and equipment485 — Net cash provided by investing activities12,597 7,428 Financing activities:Proceeds from issuance of common shares, net733 — Payment of deferred offering cost(83)— Net cash provided by financing activities650 — Net (decrease) increase in cash and cash equivalents(148)4,364 Cash and cash equivalents, beginning of period5,425 586 Cash and cash equivalents, end of period$5,277 $4,950 Supplemental disclosures of non-cash investing and financing activities:Property and equipment exchanged for settlement of liabilities$1,571 $— Amount accrued for purchases of property and equipment$100 $— Property and equipment sale proceeds receivable$70 $186 Settlement of prepaid hosting services deposit with equity securities$—