v3.20.4
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Revenues    
Total revenues $ 4,357,443 $ 1,185,227
Operating costs and expenses    
Cost of revenue 7,001,128 2,482,181
Impairment of mining equipment 871,302
Impairment of leasehold improvements 447,776
Compensation and related taxes 4,730,143 1,475,450
Consulting fees 302,561 130,813
Professional fees 733,741 422,335
General and administrative 551,672 465,783
Total operating expenses 14,190,547 5,424,338
Operating loss (9,833,104) (4,239,111)
Other income (expenses)    
Gain from extinguishment of debt 181,995
Other income (expenses) 113,476
Foreign exchange loss (11,873)
Loss on conversion of note (364,833)
Realized gain on sale of digital currencies 15,466 36,092
Change in fair value of warrant liability (309,588) 26,234
Change in fair value of mining payable (66,547) 507,862
Interest income 18,343 33,651
Interest expense (20,984) (51,915)
Total other (expenses) income (614,667) 722,046
Loss before income taxes (10,447,771) (3,517,065)
Income tax expense
Net loss $ (10,447,771) $ (3,517,065)
Net loss per share, basic and diluted: $ (0.13) $ (0.53)
Weighted average shares outstanding, basic and diluted: 81,408,340 6,664,238
Cryptocurrency Mining Revenue [Member]    
Revenues    
Total revenues $ 4,357,443 $ 1,185,227

Source