Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.20.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Revenue:    
Total Revenue $ 6,837 $ 7,845
Costs and expenses:    
Cost of revenues (exclusive of depreciation and amortization shown below) 6,097 5,820
Selling, general and administrative 9,159 20,858
Depreciation and amortization 119 5,267
Impairment of property and equipment 29,238
Impairment of goodwill 1,186
Impairment of intangible rights acquired 700 1,341
Impairment of cryptocurrencies 844 3,501
Total costs and expenses 16,919 67,211
Operating loss from continuing operations (10,082) (59,366)
Other income (expense):    
Loss on issuance of convertible notes, common stock and warrants (6,155)
Change in fair value of warrant liability (2,869)
Change in fair value of convertible notes (3,896)
Gain on deconsolidation of Tess 1,139
Non-compliance penalty for SEC registration requirement (1,350)
Interest expense (122) (123)
Gain on extinguishment of accounts payable, other liabilities and accrued interest 854
Investment income 37 70
Loss on extinguishment of BMSS payable (265)
Realized gain on sale of cryptocurrencies 665 26
Other expense (17)
Total other expense (10,364) (1,642)
Loss from continuing operations before income taxes (20,446) (61,008)
Deferred income tax benefit 143 699
Loss from continuing operations (20,303) (60,309)
Discontinued operations    
Income from operations 96
Income from discontinued operations 96
Net loss (20,303) (60,213)
Net loss attributable to non-controlling interest 264 2,205
Net loss attributable to Riot Blockchain $ (20,039) $ (58,008)
Basic and diluted net loss per share:    
Continuing operations attributable to Riot Blockchain $ (1.02) $ (4.34)
Discontinued operations attributable to Riot Blockchain 0.01
Net loss per share $ (1.02) $ (4.33)
Basic and diluted weighted average number of shares outstanding 19,597,977 13,403,846
Revenue - cryptocurrency mining [Member]    
Revenue:    
Total Revenue $ 6,741 $ 7,749
License fees [Member]    
Revenue:    
Total Revenue $ 96 $ 96