Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment and Intangible Assets (Tables)

v3.20.1
Property and Equipment and Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2020
Property And Equipment And Intangible Assets Tables Abstract  
Schedule of Components of Property, Equipment and Intangible Assets

The components of property, equipment and intangible assets as of March 31, 2020 and December 31, 2019 are:

 

    Useful life (Years)     March 31, 2020     December 31, 2019  
Website     7     $ 121,787     $ 121,787  
Mining equipment     2       6,711,880       7,120,505  
Mining patent     17       1,210,000       1,210,000  
Gross property, equipment and intangible assets             8,043,667       8,452,292  
Less: Accumulated depreciation and amortization             (4,152,320 )     (3,623,745 )
Property, equipment and intangible assets, net           $ 3,891,347     $ 4,828,547