| Components of Property, Equipment and Intangible Assets |
The components of property, equipment and intangible
assets as of March 31, 2019 and December 31, 2018 are:
| |
|
Useful life (Years) |
|
|
March 31, 2019 |
|
|
December 31, 2018 |
|
| Website |
|
|
7 |
|
|
$ |
121,787 |
|
|
$ |
121,787 |
|
| Mining equipment |
|
|
2 |
|
|
|
3,029,031 |
|
|
|
3,029,031 |
|
| Mining patent |
|
|
17 |
|
|
|
1,210,000 |
|
|
|
1,210,000 |
|
| Gross property, equipment and intangible assets |
|
|
|
|
|
|
4,360,818 |
|
|
|
4,360,818 |
|
| Less: Accumulated depreciation and amortization |
|
|
|
|
|
|
(2,336,643 |
) |
|
|
(2,181,488 |
) |
| Property, equipment and intangible assets, net |
|
|
|
|
|
$ |
2,024,175 |
|
|
$ |
2,179,330 |
|
|