Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Balance Sheets

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Consolidated Condensed Balance Sheets - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 170,615,847 $ 141,322,776
Digital currencies 28,966,404 2,271,656
Other receivable 74,767,226
Deposit 121,582,865 65,647,592
Investment fund 166,915,071
Prepaid expenses and other current assets 3,570,683 2,399,965
Total current assets 491,650,870 286,409,215
Other assets:    
Property and equipment, net of accumulated depreciation and impairment charges of $10,120,373 and $6,480,359 for June 30, 2021 and December 31, 2020, respectively 80,151,147 17,224,321
Prepaid service contract 11,095,026 8,415,000
Right-of-use assets 200,301
Intangible assets, net of accumulated amortization of $243,187 and $207,598 for June 30, 2021 and December 31, 2020, respectively 966,813 1,002,402
Total other assets 92,212,986 26,842,024
TOTAL ASSETS 583,863,856 313,251,239
Current liabilities:    
Accounts payable and accrued expenses 2,626,242 999,742
Current portion of lease liability 121,596
Warrant liability 718,329 322,437
Total current liabilities 3,344,571 1,443,775
Long-term liabilities    
SBA PPP loan payable 62,500
Total long-term liabilities 62,500
Total liabilities 3,344,571 1,506,275
Commitments and Contingencies
Stockholders’ Equity:    
Preferred stock, 0.0001 par value, 50,000,000 shares authorized, no shares issued and outstanding at December 31, 2020 and December 31, 2019, respectively
Common stock, 0.0001 par value; 200,000,000 shares authorized; 99,634,123 and 81,974,619 issued and outstanding at June 30, 2021 and December 31, 2020, respectively 9,963 8,197
Additional paid-in capital 722,543,196 428,242,763
Accumulated other comprehensive loss (450,719) (450,719)
Accumulated deficit (141,583,155) (116,055,277)
Total stockholders’ equity 580,519,285 311,744,964
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 583,863,856 $ 313,251,239