Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Balance Sheets

v3.20.2
Consolidated Condensed Balance Sheets - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 17,252,110 $ 692,963
Digital currencies 451,889 1,141
Deposit 13,269,670
Prepaid expenses and other current assets 627,552 800,024
Total current assets 31,601,221 1,494,128
Other assets:    
Property and equipment, net of accumulated depreciation and impairment charges of $7,507,970 and $6,157,786 for September 30, 2020 and December 31, 2019, respectively 4,682,293 3,754,969
Right-of-use assets 224,954 297,287
Intangible assets, net of accumulated amortization of $189,804 and $136,422 for September 30, 2020 and December 31, 2019, respectively 1,020,196 1,073,578
Total other assets 5,927,443 5,125,834
TOTAL ASSETS 37,528,664 6,619,962
Current liabilities:    
Accounts payable and accrued expenses 1,010,188 1,238,197
Mining servers payable 513,700
Current portion of lease liability 93,197 87,959
Warrant liability 31,500 12,849
Total current liabilities 1,134,885 1,852,705
Long-term liabilities    
Convertible notes payable 999,106
Note payable 62,500
Lease liability 44,361 120,479
Total long-term liabilities 106,861 1,119,585
Total liabilities 1,241,746 2,972,290
Stockholders' Equity:    
Preferred stock, $0.0001 par value, 50,000,000 shares authorized, no shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively
Common stock, $0.0001 par value; 200,000,000 shares authorized; 38,962,432 and 8,458,781 issued and outstanding at September 30, 2020 and December 31, 2019, respectively 3,897 846
Additional paid-in capital 147,554,790 109,705,051
Accumulated other comprehensive loss (450,719) (450,719)
Accumulated deficit (110,821,050) (105,607,506)
Total stockholders' equity 36,286,918 3,647,672
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 37,528,664 $ 6,619,962