Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Statements of Operations (Unaudited)

v3.20.1
Consolidated Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues    
Total revenues $ 592,487 $ 230,694
Operating costs and expenses    
Cost of revenue 1,153,241 508,640
Compensation and related taxes 233,657 486,687
Consulting fees 41,812 20,000
Professional fees 146,642 85,033
General and administrative 108,937 115,243
Total operating expenses 1,684,289 1,215,603
Operating loss (1,091,802) (984,909)
Other income (expenses)    
Other income (expenses) 106,408 (9,437)
Foreign exchange loss (11,873)
Realized loss on sale of digital currencies (4,222) (608)
Change in fair value of warrant liability 9,787 (37,734)
Change in fair value of mining payable (66,547)
Interest income 1,880 12,016
Interest expense (13,435) (12,317)
Total other income (expenses) 33,871 (59,953)
Loss before income taxes (1,057,931) (1,044,862)
Income tax expense
Net loss $ (1,057,931) $ (1,044,862)
Net loss per share, basic and diluted: $ (0.12) $ (0.16)
Weighted average shares outstanding, basic and diluted: 8,655,525 6,338,418
Cryptocurrency Mining Revenue [Member]    
Revenues    
Total revenues $ 592,487 $ 230,694