Gryphon Digital Mining Inc
For the period ended Sep 30, 2024. Filed Nov 13, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 13, 2024
ABTC$5.13-3.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Cash Flows
Unaudited Condensed Consolidated Statement of Cash Flows
For the Nine Months Ended September 30,
| 2024 · 2023 | ||||
|---|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||||
| Net loss | $(21,701,000) | $(17,619,000) | ||
| Adjustments to reconcile net loss to cash (used in) provided by operating activities | ||||
| Impairment of digital assets | - | 250,000 | ||
| Realized gain from sale of digital assets | - | (484,000) | ||
| Realized gain from use of digital assets | - | (3,809,000) | ||
| Unrealized gain on digital assets | (1,295,000) | - | ||
| Impairment of miners | - | 5,430,000 | ||
| Depreciation expense | 9,435,000 | 11,906,000 | ||
| Forfeiture of restricted stock grants | - | (1,910,000) | ||
| Compensation cost related to restricted common stock awards | 445,000 | 1,093,000 | ||
| Fair value of common stock issued to consultants | 1,708,000 | - | ||
| Compensation for services contributed by the Company’s president | - | 188,000 | ||
| Unrealized loss (gain) on marketable securities | 293,000 | 74,000 | ||
| Loss on asset disposal | 146,000 | 55,000 | ||
| Change in fair value of notes payable | 7,089,000 | 7,711,000 | ||
| Interest expense | 891,000 | 530,000 | ||
| Digital asset revenue | (16,695,000) | (14,992,000) | ||
| Changes in operating assets and liabilities | ||||
| Proceeds from the sale of digital assets | 16,649,000 | 13,958,000 | ||
| Accounts receivable | 485,000 | (114,000) | ||
| Prepaid expenses | (283,000) | 7,000 | ||
| Accounts payable and accrued liabilities | 465,000 | 790,000 | ||
| Net cash (used in) provided by operating activities | (2,368,000) | 3,064,000 | ||
| CASH FLOWS FROM INVESTING ACTIVITIES | ||||
| Purchase of mining equipment | (1,075,000) | (1,542,000) | ||
| Proceeds from the sale of miners | 171,000 | - | ||
| Refundable deposit | (600,000) | (360,000) | ||
| Net cash used in investing activities | (1,504,000) | (1,902,000) | ||
| CASH FLOWS FROM FINANCING ACTIVITIES | ||||
| Payment for insurance payable | (537,000) | (52,000) | ||
| Issuance of note payable for insurance premiums | 569,000 | 132,000 | ||
| Loan modification payment for BTC note | - | (104,000) | ||
| Cash acquired in connection with the reverse recapitalization | 500,000 | - | ||
| Proceeds from the issuance of common stock - private placement | 1,395,000 | - | ||
| Proceeds from issuance of common stock - ATM | 1,664,000 | - | ||
| Cash expenses for issuance of common stock | (266,000) | - | ||
| Net cash provided by (used in) financing activities | 3,325,000 | (24,000) | ||
| Net change in cash | (547,000) | 1,138,000 | ||
| Cash-beginning of period | 915,000 | 267,000 | ||
| Cash-end of period | $368,000 | $1,405,000 | ||
| Reconciliation of cash and cash equivalents and restricted cash | ||||
| Cash and cash equivalents | $368,000 | $1,405,000 | ||
| Restricted cash | - | 42,000 | ||
| Cash and cash equivalents and restricted cash | $368,000 | $1,447,000 | ||
| Supplemental Disclosures of Cash Flow Information: | ||||
| Cash paid for interest | $ | - | $ | - |
| Cash paid for income taxes | $ | - | $176,000 | |
| Non-Cash investing and financing activities: | ||||
| Accrued expenses for issuance of common stock | $321,000 | $620,000 | ||
| Digital assets used for principal and interest payment of note payable | $3,561,000 | $7,005,000 | ||
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