Balance Sheet

v3.24.2.u1

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	$ 1,219,000	$ 915,000
Restricted cash		8,000
Accounts receivable	1,000	486,000
Prepaid expense	919,000	581,000
Marketable securities	131,000	403,000
Digital asset	974,000	2,097,000
Current assets	3,244,000	5,398,000
Mining equipment, net	7,634,000	12,916,000
Intangible asset	100,000	100,000
Deposits	470,000	420,000
Total assets	11,448,000	18,834,000
Liabilities and stockholders’ deficit
Accounts payable and accrued liabilities	6,366,000	3,649,000
Notes payable - current portion	19,073,000	14,868,000
Current liabilities	25,439,000	19,433,000
Total liabilities	25,439,000	19,433,000
Stockholders’ deficit
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, none outstanding
Common stock, $0.0001 par value, 150,000,000 shares authorized; 39,897,255 and 25,109,629 shares issued and outstanding, respectively.	3,000	2,000
Additional paid-in capital	48,195,000	46,599,000
Subscription receivable		(25,000)
Accumulated deficit	(62,189,000)	(47,175,000)
Total stockholder’s deficit	(13,991,000)	(599,000)
Total liabilities and stockholders’ deficit	11,448,000	18,834,000
Related Party
Assets
Digital asset		908,000
Liabilities and stockholders’ deficit
Obligation liability related to digital assets held for other parties		$ 916,000

- Definition

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

Source