Riot Platforms, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Property and equipment

Property and equipment

12 Months Ended

Dec. 31, 2013

Property and equipment Abstract]

Property and equipment

Note 2. Property and equipment:

Property and equipment consisted of the following as of December 31:

	2013		2012

Land and improvements	$	1,107,508	$	1,107,508
Building		2,589,231		2,589,231
Building improvements		253,526		251,049
Laboratory equipment		1,220,735		1,211,418
Office and computer equipment		326,099		403,692

		5,497,099		5,562,898
Less accumulated depreciation		3,230,117		3,078,359

	$	2,266,982	$	2,484,539

Depreciation expense totaled approximately $244,000, $352,000 and $402,000 for each of years ended December 31, 2013, 2012 and 2011, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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