Riot Platforms, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Property and equipment

Property and equipment

9 Months Ended

Sep. 30, 2014

Property and equipment Abstract]

Property and equipment

Note 2. Property and equipment:

Property and equipment consisted of the following:

	September 30, 2014 (Unaudited)		December 31, 2013

Land and improvements	$	1,107,508	$	1,107,508
Building		2,589,231		2,589,231
Building improvements		253,526		253,526
Laboratory equipment		1,096,850		1,220,735
Office and computer equipment		328,299		326,099

		5,375,414		5,497,099
Less accumulated depreciation		3,243,658		3,230,117

	$	2,131,756	$	2,266,982

Depreciation expense totaled approximately $47,000 and $59,000, and $150,000 and $190,000, for the three and nine month periods ended September 30, 2014 and 2013, 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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