Gryphon Digital Mining, Inc. (KERNW) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1180 N. TOWN CENTER DRIVE LAS VEGAS, NV 89144 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6199 - Finance Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 6/30/2020 | 6/30/2019 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 768 | 878 | 13,934 | 24,156 | 21,867 | |||
| Cash and cash equivalents | 768 | 878 | 13,934 | 24,156 | 21,867 | |||
| Short-term investments | ||||||||
| Restricted cash and investments | 7,000 | 508 | ||||||
| Receivables | 148 | 675 | 1,404 | 1,862 | 1,578 | |||
| Prepaid expense | 1,210 | 2,384 | 1,215 | 578 | ||||
| Asset, held-for-sale, not part of disposal group | 5,130 | |||||||
| Other undisclosed current assets | 420 | 500 | 500 | |||||
| Total current assets: | 1,336 | 14,892 | 18,230 | 27,733 | 24,523 | |||
| Noncurrent Assets | ||||||||
| Property, plant and equipment | 22 | 49 | 153 | 131 | ||||
| Long-term investments and receivables | 226 | |||||||
| Long-term investments | 226 | |||||||
| Intangible assets, net (including goodwill) | 3,873 | 68,552 | 27,748 | |||||
| Goodwill | 1,708 | 46,943 | 20,254 | |||||
| Intangible assets, net (excluding goodwill) | 2,165 | 21,610 | 7,494 | |||||
| Deposits noncurrent assets | ||||||||
| Other noncurrent assets | 10 | 42 | ||||||
| Other undisclosed noncurrent assets | 655 | 7,312 | 2,876 | |||||
| Total noncurrent assets: | 22 | 4,576 | 76,253 | 30,797 | ||||
| TOTAL ASSETS: | 1,358 | 19,468 | 94,483 | 58,530 | 24,523 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities, including: | 4,821 | 4,426 | 6,064 | 4,862 | 2,033 | |||
| Settlement liabilities | ✕ | ✕ | ✕ | 681 | ||||
| Taxes payable | ✕ | ✕ | ✕ | 360 | 60 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 1,123 | 388 | 215 | ||
| Accounts payable | 2,165 | 1,510 | 1,943 | 1,444 | 1,318 | |||
| Accrued liabilities | 2,495 | 2,353 | 666 | 2,316 | 501 | |||
| Other undisclosed accounts payable and accrued liabilities | 161 | 563 | 1,289 | 654 | ||||
| Deferred revenue | 400 | 569 | 3,544 | 369 | ✕ | |||
| Debt | 5,149 | 13,200 | 13,200 | 6,135 | ||||
| Derivative instruments and hedges, liabilities | 63 | |||||||
| Business combination, contingent consideration, liability | 2,284 | 6,300 | ||||||
| Other undisclosed current liabilities | 2,246 | 389 | 409 | |||||
| Total current liabilities: | 10,369 | 22,725 | 29,171 | 11,755 | 2,443 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 1,407 | 4,105 | 2,040 | |||||
| Long-term debt, excluding current maturities | 1,407 | 4,105 | 2,040 | |||||
| Liabilities, other than long-term debt | 162 | 1,258 | ||||||
| Deferred revenue | 162 | 583 | ✕ | |||||
| Derivative instruments and hedges, liabilities | 675 | |||||||
| Other undisclosed noncurrent liabilities | 8,160 | |||||||
| Total noncurrent liabilities: | 1,569 | 5,363 | 10,200 | |||||
| Total liabilities: | 10,369 | 24,294 | 34,533 | 21,955 | 2,443 | |||
| Equity | ||||||||
| Equity, attributable to parent, including: | (9,011) | (4,826) | 59,950 | 31,870 | 22,080 | |||
| Common stock | 0 | 0 | 3 | 1 | 1 | |||
| Additional paid in capital | 9,200 | 160,207 | 146,027 | 72,907 | 47,325 | |||
| Deferred compensation equity | ||||||||
| Accumulated other comprehensive income | 227 | 347 | 62 | 63 | ||||
| Accumulated deficit | (179,144) | (167,566) | (88,508) | (41,101) | (25,246) | |||
| Other undisclosed equity, attributable to parent | 160,706 | 2,185 | 2,366 | |||||
| Equity, attributable to noncontrolling interest | 4,704 | |||||||
| Total equity: | (9,011) | (4,826) | 59,950 | 36,574 | 22,080 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,358 | 19,468 | 94,483 | 58,530 | 24,523 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 6/30/2020 | 6/30/2019 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 6,836 | 13,645 | 20,685 | 12,573 | 10,920 | ||
| Cost of revenue | (3,401) | (5,412) | (8,119) | (6,210) | (4,634) | ||
| Gross profit: | 3,435 | 8,233 | 12,565 | 6,364 | 6,286 | ||
| Operating expenses | (10,334) | (63,678) | (45,921) | (23,635) | (18,702) | ||
| Other undisclosed operating income | |||||||
| Operating loss: | (6,899) | (55,446) | (33,355) | (17,272) | (12,416) | ||
| Nonoperating income (expense) | (1,704) | (3,896) | (228) | 922 | 109 | ||
| Other nonoperating income (expense) | (203) | (221) | 186 | (0) | 18 | ||
| Interest and debt expense | 186 | (1,177) | 91 | ||||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (186) | 1,177 | |||||
| Loss from continuing operations before equity method investments, income taxes: | (8,603) | (59,342) | (33,583) | (16,349) | (12,215) | ||
| Loss from equity method investments | (8) | (4) | |||||
| Other undisclosed income from continuing operations before income taxes | |||||||
| Loss from continuing operations before income taxes: | (8,603) | (59,342) | (33,591) | (16,353) | (12,215) | ||
| Income tax expense (benefit) | 716 | 2,262 | (31) | ||||
| Loss from continuing operations: | (8,603) | (58,625) | (31,329) | (16,384) | (12,215) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (31,329) | (16,384) | (12,215) | |
| Loss from discontinued operations | (2,976) | (20,432) | |||||
| Other undisclosed net loss | (91) | ||||||
| Net loss: | (11,578) | (79,058) | (31,329) | (16,384) | (12,307) | ||
| Net income attributable to noncontrolling interest | 850 | ||||||
| Net loss attributable to parent: | (11,578) | (79,058) | (31,329) | (15,534) | (12,307) | ||
| Preferred stock dividends and other adjustments | (956) | ||||||
| Net loss available to common stockholders, diluted: | (11,578) | (80,013) | (31,329) | (15,534) | (12,307) | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 6/30/2020 | 6/30/2019 | ||
|---|---|---|---|---|---|---|---|
| Net loss: | (11,578) | (79,058) | (31,329) | (16,384) | (12,307) | ||
| Other comprehensive loss | (48) | ||||||
| Other undisclosed comprehensive income (loss) | 286 | 153 | 63 | ||||
| Comprehensive loss: | (11,626) | (78,772) | (31,176) | (16,321) | (12,307) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 850 | ||||||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (72) | ||||||
| Comprehensive loss, net of tax, attributable to parent: | (11,698) | (78,772) | (31,176) | (15,471) | (12,307) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.