Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Balance Sheets

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Consolidated Condensed Balance Sheets - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 1,688,426 $ 2,551,171
Digital currencies 4,540
Prepaid expenses and other current assets 242,012 464,006
Total current assets 1,934,978 3,015,177
Other assets:    
Property and equipment, net of accumulated depreciation and impairment charges of $4,613,653 and $4,338,931 for June 30, 2019 and December 31, 2018, respectively 759,853 1,034,575
Right-of-use assets 338,740
Intangible assets, net of accumulated amortization of $100,833 and $65,245 for June 30, 2019 and December 31, 2018, respectively 1,109,167 1,144,755
Total other assets 2,207,760 2,179,330
TOTAL ASSETS 4,142,738 5,194,507
Current liabilities:    
Accounts payable and accrued expenses 1,065,452 1,235,444
Current portion of lease liability 83,179
Warrant liability 115,387 39,083
Convertible notes payable 999,106 999,106
Total current liabilities 2,263,124 2,273,633
Long-term liabilities    
Lease liability 157,007
Total long-term liabilities 157,007
Total liabilities 2,420,131 2,273,633
Commitments and Contingencies
Stockholders' Equity:    
Preferred stock, $0.0001 par value, 50,000,000 shares authorized, no shares issued and outstanding at June 30 2019 and December 31, 2018, respectively
Common stock, $0.0001 par value; 200,000,000 shares authorized; 6,385,405 and 6,379,992 issued and outstanding at June 30 2019 and December 31, 2018, respectively 639 638
Additional paid-in capital 105,873,870 105,461,396
Accumulated other comprehensive loss (450,719) (450,719)
Accumulated deficit (103,701,183) (102,090,441)
Total stockholders' equity 1,722,607 2,920,874
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 4,142,738 $ 5,194,507