v3.19.3
Condensed Interim Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue:        
Total Revenue $ 1,739,165 $ 2,366,683 $ 5,636,475 $ 6,159,929
Costs and expenses:        
Cost of revenues (exclusive of depreciation and amortization shown below) 1,476,135 2,031,885 4,535,456 3,933,381
Selling, general and administrative 1,762,021 5,970,411 7,139,658 16,314,023
Depreciation and amortization 23,414 658,338 70,482 5,685,664
Impairment of property and equipment 26,858,023
Impairment of digital currencies 372,124 163,837 372,124 3,374,976
Total costs and expenses 3,633,694 8,824,471 12,117,720 56,166,067
Operating loss from continuing operations (1,894,529) (6,457,788) (6,481,245) (50,006,138)
Other income (expense):        
Loss on issuance of convertible notes, common stock and warrants (6,154,660)
Change in fair value of warrant liability (2,869,726)
Change in fair value of convertible notes (3,895,233)
Gain on deconsolidation of Tess 1,138,787
Non-compliance penalty for SEC registration requirement (1,358,043)
Interest expense (2,129) (21,836) (119,311) (37,998)
Gain on extinguishment of debt 34,899 842,925
Investment income 5,765 683 25,868 69,959
Loss on extinguishment of BMSS payable (265,500) (265,500)
Realized gain on sale of digital currencies 23,608 219,247 665,218 451,341
Other expense (1,734) (1,746) (15,471) (881)
Total other income (expense) 60,409 (69,152) (10,381,603) (1,141,122)
Loss from continuing operations before income taxes (1,834,120) (6,526,940) (16,862,848) (51,147,260)
Deferred income tax benefit 3,525,000
Loss from continuing operations (1,834,120) (6,526,940) (16,862,848) (47,622,260)
Discontinued operations        
Income from operations 96,132
Income from discontinued operations 96,132
Net loss (1,834,120) (6,526,940) (16,862,848) (47,526,128)
Net (income) loss attributable to non-controlling interest (19) 296,982 221,384 929,158
Net loss attributable to Riot Blockchain $ (1,834,139) $ (6,229,958) $ (16,641,464) $ (46,596,970)
Basic and diluted net loss per share:        
Continuing operations attributable to Riot Blockchain $ (0.08) $ (0.46) $ (0.93) $ (3.57)
Discontinued operations attributable to Riot Blockchain 0.01
Net loss per share $ (0.08) $ (0.46) $ (0.93) $ (3.56)
Basic and diluted weighted average number of shares outstanding 23,371,856 14,197,763 17,971,541 13,340,122
Revenue - digital currency mining [Member]        
Revenue:        
Total Revenue $ 1,714,991 $ 2,342,508 $ 5,563,952 $ 6,087,405
License fees [Member]        
Revenue:        
Total Revenue $ 24,174 $ 24,175 $ 72,523 $ 72,524

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