Quarterly report pursuant to Section 13 or 15(d)

Digital Asset Mining (Tables)

v3.19.2
Digital Asset Mining (Tables)
6 Months Ended
Jun. 30, 2019
Digital Asset Mining  
Components of Property, Equipment and Intangible Assets

The components of property, equipment and intangible assets as of June 30, 2019 and December 31, 2018 are:

 

    Useful life (Years)     June 30, 2019     December 31, 2018  
Website     7     $ 121,787     $ 121,787  
Mining equipment     2       3,029,031       3,029,031  
Mining patent     17       1,210,000       1,210,000  
Gross property, equipment and intangible assets             4,360,818       4,360,818  
Less: Accumulated depreciation and amortization             (2,491,798 )     (2,181,488 )
Property, equipment and intangible assets, net           $ 1,869,020     $ 2,179,330