Quarterly report pursuant to Section 13 or 15(d)

Property and equipment (Tables)

v3.8.0.1
Property and equipment (Tables)
3 Months Ended
Mar. 31, 2018
Property, Plant and Equipment [Abstract]  
Schedule of Impairment Charge
The breakdown of the impairment charge is as follows:

   
March 31, 2018
(unaudited)
 
Prive miners
 
$
10,677,603
 
BMSS miners
   
406,652
 
Kairos miners
   
396,236
 
Total impairment charge
 
$
11,480,491
Schedule of Property and Equipment
Property and equipment consisted of the following:
 
   
March 31, 2018
(unaudited)
   
December 31, 2017
 
Cryptocurrency machines, net of impairment
   
23,468,237
   
$
4,700,575
 
Leasehold improvements
   
852,512
     
-
 
Office and computer equipment
   
70,718
     
61,670
 
Total cost of property and equipment
   
24,391,467
     
4,762,245
 
Less accumulated depreciation
   
(1,899,041
)
   
(468,079
)
Property and equipment, net
 
$
22,492,426
   
$
4,294,166