Quarterly report pursuant to Section 13 or 15(d)

ADVANCES TO VENDORS AND PROPERTY AND EQUIPMENT (Tables)

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ADVANCES TO VENDORS AND PROPERTY AND EQUIPMENT (Tables)
3 Months Ended
Mar. 31, 2022
Advances To Vendors And Property And Equipment  
SCHEDULE OF COMPONENTS OF PROPERTY, EQUIPMENT AND INTANGIBLE ASSETS

The components of property and equipment as of March 31, 2022 and December 31, 2021 are:

 

 

    Useful life (Years)     March 31, 2022     December 31, 2021  
Website     7       121,787       121,787  
Mining equipment     5       182,247,691       163,868,283  
Construction in Progress     N/A       186,125,986       133,565,908  
Mining patent     17       -       1,210,000  
Gross property, equipment and intangible assets             368,495,464       298,765,978  
Less: Accumulated depreciation and amortization             (35,178,006 )     (21,591,958 )
Property, equipment and intangible assets, net           $ 333,317,458     $ 277,174,020