Quarterly report pursuant to Section 13 or 15(d)

Property and equipment (Tables)

v3.10.0.1
Property and equipment (Tables)
9 Months Ended
Sep. 30, 2018
Property, Plant and Equipment [Abstract]  
Schedule of Impairment Charges
The breakdown of the impairment charges are as follows:

 
 
Three Months Ended
September 30, 2018
(unaudited)
   
Nine Months Ended
September 30, 2018
(unaudited)
 
Prive miners
 
$
-
   
$
18,264,759
 
BMSS miners
   
-
     
5,796,179
 
Kairos miners
   
-
     
2,797,085
 
Total impairment charge
 
$
-
   
$
26,858,023
 
Schedule of Property and Equipment
Property and equipment consisted of the following:
 
   
September 30, 2018
(unaudited)
   
December 31, 2017
 
Cryptocurrency machines, net of impairment
   
4,118,675
   
$
4,700,575
 
Leasehold improvements
   
2,069,259
     
-
 
Office and computer equipment
   
92,840
     
61,670
 
Total cost of property and equipment
   
6,280,774
     
4,762,245
 
Less accumulated depreciation
   
(1,427,030
)
   
(468,079
)
Property and equipment, net
 
$
4,853,744
   
$
4,294,166