v3.25.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 735,000 $ 915,000
Restricted cash 8,000
Accounts receivable 486,000
Prepaid expenses 409,000 581,000
Marketable securities 115,000 403,000
Digital assets held for other parties 908,000
Digital asset 1,016,000 2,097,000
Total current assets 2,275,000 5,398,000
Mining equipment, net 2,994,000 12,916,000
Intangible asset 100,000 100,000
Deposits 2,263,000 420,000
Total assets 7,632,000 18,834,000
Current liabilities    
Accounts payable and accrued liabilities 9,045,000 3,649,000
Obligation liability related to digital assets held for other parties 916,000
Note payable – current portion 213,000
Bitcoin denominated note payable - current portion 14,868,000
Current liabilities 9,258,000 19,433,000
Note payable – less current portion 5,384,000
Total liabilities 14,642,000 19,433,000
Stockholders’ deficit    
Common stock, $0.0001 par value, 150,000,000 shares authorized; 52,991,590 and 34,415,655 shares issued and outstanding, respectively. 5,000 3,000
Additional paid-in capital 60,050,000 46,598,000
Shares to be issued – register direct offering 670,000
Subscription receivable (25,000)
Accumulated deficit (67,735,000) (47,175,000)
Total stockholder’s deficit (7,010,000) (599,000)
Total liabilities and stockholders’ deficit $ 7,632,000 $ 18,834,000

Source

10-K PDF
XBRL