| SCHEDULE OF COMPONENTS OF PROPERTY, EQUIPMENT AND INTANGIBLE ASSETS |
The
components of property, equipment and intangible assets as of December 31, 2021 and 2020 are:
SCHEDULE OF COMPONENTS OF PROPERTY, EQUIPMENT AND INTANGIBLE ASSETS
| |
|
Useful life (Years) |
|
|
December 31, 2021 |
|
|
December 31, 2020 |
|
| Website |
|
|
7 |
|
|
$ |
121,787 |
|
|
$ |
121,787 |
|
| Mining equipment |
|
|
5 |
|
|
|
163,868,283 |
|
|
|
12,989,318 |
|
| Construction in Progress |
|
|
N/A |
|
|
|
133,565,908 |
|
|
|
10,593,575 |
|
| Mining patent |
|
|
17 |
|
|
|
1,210,000 |
|
|
|
1,210,000 |
|
| Gross property, equipment and intangible assets |
|
|
|
|
|
|
298,765,978 |
|
|
|
24,914,680 |
|
| Less: Accumulated depreciation and amortization |
|
|
|
|
|
|
(21,591,958 |
) |
|
|
(6,687,957 |
) |
| Property, equipment and intangible assets, net |
|
|
|
|
|
$ |
277,174,020 |
|
|
$ |
18,226,723 |
|
|
| SCHEDULE OF INTANGIIBLE ASSETS AMORTIZATION |
As
of December 31, 2021, intangible assets amortization are as follows:
SCHEDULE
OF INTANGIIBLE ASSETS AMORTIZATION
| |
|
|
|
|
| 2022 |
|
|
71,176 |
|
| 2023 |
|
|
71,176 |
|
| 2024 |
|
|
71,176 |
|
| 2025 |
|
|
71,176 |
|
| 2026 |
|
|
71,176 |
|
| Thereafter |
|
|
575,346 |
|
| Total |
|
$ |
931,226 |
|
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 |
|
|