Annual report pursuant to Section 13 and 15(d)

Property and Equipment and Intangible Assets (Tables)

v3.20.4
Property and Equipment and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2020
Property And Equipment And Intangible Assets  
Schedule of Components of Property, Equipment and Intangible Assets

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

 

    Useful life (Years)     December 31, 2020     December 31, 2019  
Website     7     $ 121,787     $ 121,787  
Mining equipment     5       12,989,318       7,120,505  
Construction in Progress     N/A       10,593,575       -  
Right to mining patent     17       1,210,000       1,210,000  
Gross property, equipment and intangible assets             24,914,680       8,452,292  
Less: Accumulated depreciation and amortization             (6,687,957 )     (3,623,745 )
Property, equipment and intangible assets, net           $ 18,226,723     $ 4,828,547  

Schedule of Finte Lived Intangible Asset

As of December 31, 2020, intangible assets amortization are as follows:

 

2021   $ 71,176  
2022     71,176  
2023     71,176  
2024     71,176  
2025     71,176  
Thereafter     646,522  
Total   $ 1,002,402