Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.19.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 225,390 $ 41,651,965
Prepaid expenses and other current assets 1,378,534 538,812
Digital currencies 706,625 200,164
Current assets of discontinued operations 44
Total current assets 2,310,549 42,390,985
Property and equipment, net 26,269 4,294,166
Intangible rights acquired 700,167 754,244
Long-term investments 9,412,726 3,000,000
Security deposits 703,275
Other long-term assets, net:    
Patents, net 507,342 509,649
Goodwill 1,186,496
Convertible note 200,000 200,000
Total assets 13,860,328 52,335,540
Current liabilities    
Accounts payable 3,829,315 410,029
Accrued expenses 1,516,252 216,883
Deferred purchase price - BMSS 1,200,000
Notes and other obligations, current 135,574
Deferred revenue, current portion 96,698 96,698
Current liabilities of discontinued operations 16,340 181,340
Total current liabilities 6,658,605 1,040,524
Demand note, Tess subsidiary 1,696,083
Deferred revenue, less current portion 871,919 968,617
Deferred income tax liability 142,709 699,000
Total liabilities 9,369,316 2,708,141
Commitments and contingencies - Note 15
Stockholders' equity    
Common stock, no par value; 170,000,000 shares authorized; 14,519,058 and 11,622,112 shares issued and outstanding as of December 31, 2018 and 2017, respectively 202,917,443 180,387,518
Accumulated deficit (197,199,197) (139,263,480)
Total Riot Blockchain stockholders' equity 5,787,305 48,869,304
Non-controlling interest (1,296,293) 758,095
Total stockholders' equity 4,491,012 49,627,399
Total liabilities and stockholders' equity 13,860,328 52,335,540
2% Convertible Preferred Stock Series A [Member]    
Stockholders' equity    
Preferred stock
0% Convertible Preferred Stock Series B [Member]    
Stockholders' equity    
Preferred stock $ 69,059 $ 7,745,266