Company: ANY
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001591956-25-000009
Chunk: 5

Company: Sphere 3D Corp.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 5
---
— (4,477)(4,477)Balance at March 31, 202417,796,326 481,115 (1,811)(451,828)27,476 Issuance of common shares for     conversion of preferred shares1,621,140 2,811 — — 2,811 Issuance of common shares for vested     restricted stock units717,858 — — — — Issuance of common shares for settlement of      liabilities199,597 255 — — 255 Share-based compensation— 772 — — 772 Other comprehensive loss— — (3)— (3)Net income— — — 2,124 2,124 Balance at June 30, 202420,334,921 $484,953 $(1,814)$(449,704)$33,435 

See accompanying notes to condensed consolidated financial statements.

4

Sphere 3D Corp.

Condensed Consolidated Statements of Cash Flows

(in thousands of U.S. dollars)

(unaudited)

Six MonthsEnded June 30,20252024Operating activities:Net loss$(7,118)$(2,353)Adjustments to reconcile net loss to net cash used in operating activities:Realized gain on sale of investment in equity securities(3,137)(512)Unrealized loss (gain) on investment in equity securities2,478 (4,539)Depreciation and amortization3,273 3,637 Share-based compensation389 1,858 Change in fair value of Bitcoin(272)(703)Loss on disposal of property and equipment859 691 Change in fair value of warrant liabilities(29)(161)Impairment of property and equipment— 860 Bitcoin issued for services— 538 Changes in operating assets and liabilities:Proceeds from sale of Bitcoin— 10,811 Mining of Bitcoin(5,835)(11,612)Accounts payable and accrued liabilities(1,252)(1,027)Accrued payroll and employee compensation(1,010)138 Other assets and liabilities, net1,726 (980)Net cash used in operating activities(9,928)(3,354)Investing activities:Proceeds from sale of investment in equity securities4,775 5,509 Proceeds from sale of Bitcoin5,301 1