v3.19.2
Condensed Interim Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue:        
Total Revenue $ 2,467,050 $ 2,792,794 $ 3,897,310 $ 3,718,348
Costs and expenses:        
Cost of revenues (exclusive of depreciation and amortization shown below) 1,587,983 1,477,587 3,059,321 1,826,598
Selling, general and administrative 2,225,499 6,432,883 5,377,637 10,343,612
Depreciation and amortization 23,229 2,870,899 47,068 5,027,326
Impairment of property and equipment 15,377,532 26,858,023
Impairment of digital currencies 511,170 2,979,045
Total costs and expenses 3,836,711 26,670,071 8,484,026 47,034,604
Operating loss from continuing operations (1,369,661) (23,877,277) (4,586,716) (43,316,256)
Other income (expense):        
Loss on issuance of convertible notes, common stock and warrants (6,154,660)
Change in fair value of warrant liability (116,498) (2,869,726)
Change in fair value of convertible notes (2,250,651) (3,895,233)
Gain on deconsolidation of Tess 1,138,787 1,138,787
Non-compliance penalty for SEC registration requirement (333,338)
Interest expense (48,819) (15,093) (117,182) (16,162)
Other income 729,154 808,026
Investment income 3,261 6,690 20,103 69,276
Realized gain on sale of digital currencies 636,822 641,610
Other expense (696) (1,020,158) (13,737) (1,023,840)
Total other income (expense) 91,360 (1,028,561) (10,442,012) (1,304,064)
Loss from continuing operations before income taxes (1,278,301) (24,905,838) (15,028,728) (44,620,320)
Deferred income tax benefit 472,000 3,525,000
Loss from continuing operations (1,278,301) (24,433,838) (15,028,728) (41,095,320)
Discontinued operations        
Income from operations 96,132
Income from discontinued operations 96,132
Net loss (1,278,301) (24,433,838) (15,028,728) (40,999,188)
Net (income) loss attributable to non-controlling interest (19) 416,918 221,403 632,176
Net loss attributable to Riot Blockchain $ (1,278,320) $ (24,016,920) $ (14,807,325) $ (40,367,012)
Basic and diluted net loss per share:        
Continuing operations attributable to Riot Blockchain $ (0.08) $ (1.81) $ (0.97) $ (3.19)
Discontinued operations attributable to Riot Blockchain 0.01
Net loss per share $ (0.08) $ (1.81) $ (0.97) $ (3.18)
Basic and diluted weighted average number of shares outstanding 15,995,092 13,511,427 15,226,629 12,897,147
Revenue - digital currency mining [Member]        
Revenue:        
Total Revenue $ 2,442,876 $ 2,768,619 $ 3,848,961 $ 3,669,999
License fees [Member]        
Revenue:        
Total Revenue $ 24,174 $ 24,175 $ 48,349 $ 48,349

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