Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Balance Sheets

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Consolidated Condensed Balance Sheets - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 1,964,484 $ 2,551,171
Digital currencies 5,637
Prepaid expenses and other current assets 309,501 464,006
Total current assets 2,279,622 3,015,177
Other assets:    
Property and equipment, net of accumulated depreciation and impairment charges of $4,476,292 and $4,338,931 for March 31, 2019 and December 31, 2018, respectively 897,214 1,034,575
Right-of-use assets 358,332
Intangible assets, net of accumulated amortization of $83,039 and $65,245 for March 31, 2019 and December 31, 2018, respectively 1,126,961 1,144,755
Total other assets 2,382,507 2,179,330
TOTAL ASSETS 4,662,129 5,194,507
Current liabilities:    
Accounts payable and accrued expenses 1,168,469 1,235,444
Current portion of lease liability 80,971
Warrant liability 76,817 39,083
Convertible notes payable 999,106 999,106
Total current liabilities 2,325,363 2,273,633
Long-term liabilities    
Lease liability 178,574
Total long-term liabilities 178,574
Total liabilities 2,503,937 2,273,633
Commitments and Contingencies
Stockholders' Equity:    
Preferred stock, $0.0001 par value, 50,000,000 shares authorized, no shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively
Common stock, $0.0001 par value; 200,000,000 shares authorized; 6,385,405 and 6,379,992 issued and outstanding at March 31, 2019 and December 31, 2018, respectively 639 638
Additional paid-in capital 105,743,575 105,461,396
Accumulated other comprehensive loss (450,719) (450,719)
Accumulated deficit (103,135,303) (102,090,441)
Total stockholders' equity 2,158,192 2,920,874
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 4,662,129 $ 5,194,507