Summary of Significant Accounting Policies (Tables)
|
12 Months Ended |
Dec. 31, 2019 |
|---|
| Accounting Policies [Abstract] |
|
| Schedule of Activities of Digital Currencies |
The following table presents the activities
of the digital currencies for the years ended December 31, 2019 and 2018:
| Digital currencies at December 31, 2017 |
|
$ |
- |
|
| Additions of digital currencies |
|
|
1,495,402 |
|
| Realized loss on sale of digital currencies |
|
|
(152,485 |
) |
| Sale of digital currencies |
|
|
(1,342,917 |
) |
| Digital currencies at December 31, 2018 |
|
|
- |
|
| Additions of digital currencies |
|
|
1,185,227 |
|
| Realized gain on sale of digital currencies |
|
|
36,092 |
|
| Sale of digital currencies |
|
|
(1,220,178 |
) |
| Digital currencies at December 31, 2019 |
|
$ |
1,141 |
|
|
| 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 December 31, 2019 and 2018, respectively:
| |
|
Fair value measured at December 31, 2019 |
|
| |
|
Total carrying value at December 31, |
|
|
Quoted prices in active markets |
|
|
Significant other observable inputs |
|
|
Significant unobservable inputs |
|
| |
|
2019 |
|
|
(Level 1) |
|
|
(Level 2) |
|
|
(Level 3) |
|
| Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
| Warrant liability |
|
$ |
12,849 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
12,849 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
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 |
FV of warrant liabilities
| |
|
Fair value |
|
| Outstanding as of December 31, 2017 |
|
$ |
1,794,396 |
|
| Exercised |
|
|
(55,791 |
) |
| Change in fair value of warrants |
|
|
(1,699,522 |
) |
| Outstanding as of December 31, 2018 |
|
|
39,083 |
|
| Change in fair value of warrants |
|
|
(26,234 |
) |
| Outstanding as of December 31, 2019 |
|
$ |
12,849 |
|
|
| 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 December 31, 2019 and 2018 are as
follows:
| |
|
As of December 31, |
|
| |
|
2019 |
|
|
2018 |
|
| Warrants to purchase common stock |
|
|
182,191 |
|
|
|
182,191 |
|
| Options to purchase common stock |
|
|
1,731,745 |
|
|
|
1,466,520 |
|
| Convertible notes to exchange common stock |
|
|
312,221 |
|
|
|
312,221 |
|
| Total |
|
|
2,226,157 |
|
|
|
1,960,932 |
|
|
| 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 Years Ended December 31, |
|
| |
|
2019 |
|
|
2018 |
|
| Net loss attributable to common shareholders |
|
$ |
(3,517,065 |
) |
|
$ |
(12,814,324 |
) |
| |
|
|
|
|
|
|
|
|
| Denominator: |
|
|
|
|
|
|
|
|
| Weighted average common shares - basic and diluted |
|
|
6,664,238 |
|
|
|
5,315,944 |
|
| |
|
|
|
|
|
|
|
|
| Loss per common share - basic and diluted |
|
$ |
(0.53 |
) |
|
$ |
(2.41 |
) |
|