Quarterly report pursuant to Section 13 or 15(d)

Deposit, Property and Equipment and Intangible Assets (Tables)

v3.21.1
Deposit, Property and Equipment and Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2021
Deposit 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 March 31, 2021 and December 31, 2020 are:

 

    Useful life (Years)     March 31, 2021     December 31, 2020  
Website     7     $ 121,787     $ 121,787  
Mining equipment     5       30,974,689       12,989,318  
Construction in Progress     N/A       18,064,918       10,593,575  
Mining patent     17       1,210,000       1,210,000  
Gross property, equipment and intangible assets             50,371,394       24,914,680  
Less: Accumulated depreciation and amortization             (7,425,893 )     (6,687,957 )
Property, equipment and intangible assets, net           $ 42,945,501     $ 18,226,723