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

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