v3.24.1.1.u2
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 1,737,000 $ 915,000
Restricted cash 8,000
Accounts receivable 290,000 486,000
Prepaid expense 708,000 581,000
Marketable securities 187,000 403,000
Digital assets held for other parties 908,000
Digital assets 4,173,000 2,097,000
Total current assets 7,095,000 5,398,000
Mining equipment, net 10,167,000 12,916,000
Deposits 420,000 420,000
Intangible assets 100,000 100,000
Total assets 17,782,000 18,834,000
Current liabilities    
Accounts payable and accrued liabilities 7,150,000 3,649,000
Liability related to digital assets held for other parties 916,000
Note payable – current portion 23,042,000 14,868,000
Total current liabilities 30,192,000 19,433,000
Note payable – long term
Total liabilities 30,192,000 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; 38,013,164 and 25,109,629 shares issued and outstanding, respectively 3,000 2,000
Additional paid-in capital 45,767,000 46,599,000
Subscription receivable (25,000)
Accumulated deficit (58,180,000) (47,175,000)
Total stockholders’ deficit (12,410,000) (599,000)
Total liabilities and stockholders’ deficit $ 17,782,000 $ 18,834,000

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