Summary of Significant Accounting Policies (Tables)
|
6 Months Ended |
Jun. 30, 2019 |
|---|
| Accounting Policies [Abstract] |
|
| Schedule of Change in Fair Value of Assets Measured Level 1 |
The
following table presents the activities of the digital currencies for the six months ended June 30, 2019:
| Digital currencies at December 31, 2018 |
|
$ |
- |
|
| Additions of digital currencies |
|
|
586,459 |
|
| Realized gain on sale of digital currencies |
|
|
24,444 |
|
| Sale of digital currencies |
|
|
(606,363 |
) |
| Digital Currencies at June 30, 2019 |
|
$ |
4,540 |
|
|
| Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis |
The
following tables present information about the Company’s assets and liabilities measured at fair value on a recurring basis
and the Company’s estimated level within the fair value hierarchy of those assets and liabilities as of June 30, 2019 and
December 31, 2018, respectively:
| |
|
Fair value measured at June 30, 2019 |
|
| |
|
Total carrying value at
June 30, |
|
|
Quoted prices in active markets |
|
|
Significant other observable inputs |
|
|
Significant unobservable inputs |
|
| |
|
2019 |
|
|
(Level 1) |
|
|
(Level 2) |
|
|
(Level 3) |
|
| Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
| Warrant liability |
|
$ |
115,387 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
115,387 |
|
| |
|
Fair value measured at December 31, 2018 |
|
| |
|
Total carrying value at December 31, |
|
|
Quoted prices in active markets |
|
|
Significant other observable inputs |
|
|
Significant unobservable inputs |
|
| |
|
2018 |
|
|
(Level 1) |
|
|
(Level 2) |
|
|
(Level 3) |
|
| Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
| Warrant liability |
|
$ |
39,083 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
39,083 |
|
|
| Schedule of Fair Value of Warrant Liabilities |
Fair
value of warrant liabilities
| |
|
Fair value |
|
| Outstanding as of December 31, 2018 |
|
$ |
39,083 |
|
| Change in fair value of warrants |
|
|
76,304 |
|
| Outstanding as of June 30, 2019 |
|
$ |
115,387 |
|
|
| Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share |
Securities
that could potentially dilute loss per share in the future that were not included in the computation of diluted loss per share
at June 30, 2019 and 2018 are as follows:
| |
|
As of June 30, |
|
| |
|
2019 |
|
|
2018 |
|
| Warrants to purchase common stock |
|
|
182,191 |
|
|
|
182,191 |
|
| Options to purchase common stock |
|
|
1,466,520 |
|
|
|
105,462 |
|
| Preferred stock to exchange common stock |
|
|
- |
|
|
|
485,540 |
|
| Convertible notes to exchange common stock |
|
|
312,221 |
|
|
|
312,221 |
|
| Total |
|
|
1,960,932 |
|
|
|
1,085,414 |
|
| Schedule of Computation of Basic and Diluted Loss Per Share |
The
following table sets forth the computation of basic and diluted loss per share:
| |
|
For the three months ended
June 30, |
|
|
For the six months ended
June 30, |
|
| |
|
2019 |
|
|
2018 |
|
|
2019 |
|
|
2018 |
|
| Net loss attributable to common shareholders |
|
$ |
(565,880 |
) |
|
$ |
(4,676,645 |
) |
|
$ |
(1,610,742 |
) |
|
$ |
(7,079,465 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted average common shares - basic and diluted |
|
|
6,350,080 |
|
|
|
5,009,297 |
|
|
|
6,344,281 |
|
|
|
4,410,816 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loss per common share - basic and diluted |
|
$ |
(0.09 |
) |
|
$ |
(0.93 |
) |
|
$ |
(0.25 |
) |
|
$ |
(1.61 |
|