v3.20.4
Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 141,322,776 $ 692,963
Digital currencies 2,271,656 1,141
Other receivable 74,767,226
Deposit 65,647,592
Prepaid expenses and other current assets 2,399,965 800,024
Total current assets 286,409,215 1,494,128
Non-current assets:    
Property and equipment, net of accumulated depreciation of $6,480,359 and $3,487,323 for December 31, 2020 and 2019, respectively 17,224,321 3,754,969
Prepaid service contract 8,415,000
Right-of-use assets 200,301 297,287
Intangible assets, net of accumulated amortization of $207,598 and $136,422 for December 31, 2020 and 2019, respectively 1,002,402 1,073,578
Total non-current assets 26,842,024 5,125,834
TOTAL ASSETS 313,251,239 6,619,962
Current liabilities:    
Accounts payable and accrued expenses 999,742 1,238,197
Mining servers payable 513,700
Current portion of operating lease liability 121,596 87,959
Warrant liability 322,437 12,849
Total current liabilities 1,443,775 1,852,705
Long-term liabilities    
Convertible notes payable 999,106
SBA PPP loan payable 62,500
Operating lease liability 120,479
Total long-term liabilities 62,500 1,119,585
Total liabilities 1,506,275 2,972,290
Commitments and Contingencies
Stockholders' Equity:    
Preferred stock, 0.0001 par value, 50,000,000 shares authorized, no shares issued and outstanding at December 31, 2020 and 2019, respectively
Common stock, 0.0001 par value; 200,000,000 shares authorized; 81,974,619 and 8,458,781 issued and outstanding at December 31, 2020 and 2019, respectively 8,197 846
Additional paid-in capital 428,242,763 109,705,051
Accumulated other comprehensive loss (450,719) (450,719)
Accumulated deficit (116,055,277) (105,607,506)
Total stockholders' equity 311,744,964 3,647,672
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 313,251,239 $ 6,619,962

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