|6 Months Ended|
Jun. 30, 2019
|Subsequent Events [Abstract]|
Note 15. Subsequent Events:
During July 2019, in connection with the Company’s Sales Agreement with H.C. Wainwright, the Company received gross proceeds of approximately $2.6 million from the sale of 930,019 shares of common stock.
Subsequent to June 30, 2019, 800 shares of the Company’s Series B preferred stock were converted into 800 shares of the Company’s common stock.
Subsequent to June 30, 2019, a total of 36,500 restricted stock rights were awarded to a consultant and advisory board members. The shares vest monthly over one to two year periods.
During June 2019, the Company initiated purchases of approximately 200 S9 and 30 L3 miners at a total cost of approximately $100,000. These miners are expected to be operational early in the third quarter of 2019.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef