v3.24.2.u1
Unaudited Condensed Consolidated Statements of Operations - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2024 |
Jun. 30, 2023 |
Jun. 30, 2024 |
Jun. 30, 2023 |
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| Revenues | ||||
| Total revenues | $ 5,515,000 | $ 5,283,000 | $ 13,005,000 | $ 10,359,000 |
| Cost and expenses | ||||
| Cost of revenues | 3,803,000 | 2,823,000 | 8,640,000 | 5,560,000 |
| General and administrative expenses | 3,828,000 | 1,092,000 | 6,289,000 | 2,446,000 |
| Stock based compensation expense | 140,000 | 131,000 | 348,000 | (1,021,000) |
| Depreciation | 3,292,000 | 3,858,000 | 6,539,000 | 7,839,000 |
| Impairment of digital assets | 232,000 | 233,000 | ||
| Unrealized (gain) loss on digital assets | 318,000 | (1,385,000) | ||
| Realized gain on sale of digital assets | (169,000) | (467,000) | ||
| Total operating expenses | 11,381,000 | 7,967,000 | 20,431,000 | 14,590,000 |
| Loss from operations | (5,866,000) | (2,684,000) | (7,426,000) | (4,231,000) |
| Other income (expense) | ||||
| Unrealized (loss) gain on marketable securities | (56,000) | (62,000) | (272,000) | 1,000 |
| Realized gain from use of digital assets | 1,060,000 | 3,800,000 | ||
| Change in fair value of notes payable | 2,743,000 | (760,000) | (6,895,000) | (8,949,000) |
| Interest expense | (290,000) | (178,000) | (620,000) | (368,000) |
| Loss on disposal of asset | (146,000) | (146,000) | (53,000) | |
| Merger and acquisition cost | (394,000) | (394,000) | ||
| Other income | 1,000 | 267,000 | ||
| Total other income (expense) | 1,857,000 | 61,000 | (8,327,000) | (5,302,000) |
| Loss before provision for income taxes | (4,009,000) | (2,623,000) | (15,753,000) | (9,533,000) |
| Provision for income taxes | ||||
| Net loss | $ (4,009,000) | $ (2,623,000) | $ (15,753,000) | $ (9,533,000) |
| Net loss per share, basic (in Dollars per share) | $ (0.1) | $ (0.18) | $ (0.44) | $ (0.66) |
| Weighted average shares outstanding - basic (in Shares) | 38,943,579 | 14,431,384 | 35,690,171 | 14,430,463 |
| Mining activities | ||||
| Revenues | ||||
| Total revenues | $ 5,515,000 | $ 4,963,000 | $ 13,005,000 | $ 9,803,000 |
| Management services | ||||
| Revenues | ||||
| Total revenues | $ 320,000 | $ 556,000 | ||
| X | ||||||||||
- Definition Change in fair value of notes payable. No definition available.
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| X | ||||||||||
- Definition Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of realized gain from remeasurement of crypto asset, classified as nonoperating. Excludes crypto asset held for platform user. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of realized gain from remeasurement of crypto asset, classified as operating. Excludes crypto asset held for platform user. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of unrealized gain (loss) from remeasurement of crypto asset, classified as operating. Excludes crypto asset held for platform user. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition This element represents interest incurred for borrowed money which was used to produce goods or render services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of gain (loss) on sale or disposal of assets, including but not limited to property plant and equipment, intangible assets and equity in securities of subsidiaries or equity method investee. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of interest income (expense) classified as nonoperating. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of unrealized gain (loss) on investment in marketable security. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
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| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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| X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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| X | ||||||||||
- Definition Amount of noncash expense for share-based payment arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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