$ABTS
Abits Group Inc Stock $abts

$abts Overview Financials Valuation SEC Filings Company Website

2023 Q4 Form 20-F Financial Statement

#000149315224017245 Filed on April 30, 2024

Income Statement

Concept	2023 Q4	2023	2022
Revenue	$1.674M	$1.682M	$164.4K
YoY Change	1250.1%	922.66%	-25.03%
Cost Of Revenue	$877.3K	$891.9K	$461.3K
YoY Change	96.73%	93.35%
Gross Profit	$797.0K	$789.6K	-$296.9K
YoY Change	-347.6%	-365.99%	-235.35%
Gross Profit Margin	47.6%	46.96%	-180.54%
Selling, General & Admin	$3.838M	$4.531M	$18.89M
YoY Change	-78.8%	-76.01%	512.12%
% of Gross Profit	481.55%	573.82%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$2.154M	$4.974M	$6.265M
YoY Change	-65.62%	-20.61%
% of Gross Profit	270.23%	629.89%
Operating Expenses	$1.035M	$4.531M	$18.89M
YoY Change	-94.23%	-76.01%	512.12%
Operating Profit	-$238.3K	-$11.01M	-$19.26M
YoY Change	-98.7%	-42.82%	571.99%
Interest Expense	$92.12K	$92.12K	-$617.6K
YoY Change	-114.91%	-114.91%	1021.55%
% of Operating Profit
Other Income/Expense, Net	-$1.488M	-$1.488M	-$1.667M
YoY Change	-10.71%	-10.71%	-1019.07%
Pretax Income	-$9.082M	-$12.59M	-$22.54M
YoY Change	-58.0%	-44.18%	722.84%
Income Tax		$0.00
% Of Pretax Income
Net Earnings	-$9.082M	-$12.59M	-$22.54M
YoY Change	-58.0%	-44.18%	722.84%
Net Earnings / Revenue	-542.46%	-748.44%	-13710.98%
Basic Earnings Per Share		-$0.36	-$0.66
Diluted Earnings Per Share	-$0.26	-$0.36	-$0.66
COMMON SHARES
Basic Shares Outstanding	35.55M shares	35.55M shares	34.22M shares
Diluted Shares Outstanding		35.55M shares	34.22M shares

Balance Sheet

Concept	2023 Q4	2023	2022
SHORT-TERM ASSETS
Cash & Short-Term Investments	$884.2K	$884.2K	$2.505M
YoY Change	-64.71%	-64.71%	-0.08%
Cash & Equivalents	$884.2K	$884.2K	$2.505M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables			$0.00
Other Receivables	$774.3K		$2.385M
Total Short-Term Assets	$1.659M	$1.659M	$4.890M
YoY Change	-66.08%	-66.08%	78.67%
LONG-TERM ASSETS
Property, Plant & Equipment	$9.466M	$9.466M	$19.64M
YoY Change	-24.6%	-51.81%	292.82%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$1.194M	$1.194M	$7.088M
YoY Change		-83.15%	41.76%
Other Assets
YoY Change
Total Long-Term Assets	$10.66M	$10.66M	$19.64M
YoY Change	-45.73%	-45.73%	292.82%
TOTAL ASSETS
Total Short-Term Assets	$1.659M	$1.659M	$4.890M
Total Long-Term Assets	$10.66M	$10.66M	$19.64M
Total Assets	$12.32M	$12.32M	$24.53M
YoY Change	-49.79%	-49.79%	217.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$1.006M	$1.006M	$613.5K
YoY Change	63.92%	63.92%	41.1%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$1.006M	$1.006M	$613.5K
YoY Change	63.92%	63.92%	-47.57%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$0.00	$0.00	$0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.006M	$1.006M	$613.5K
Total Long-Term Liabilities	$0.00	$0.00	$0.00
Total Liabilities	$1.006M	$1.006M	$613.5K
YoY Change	63.92%	63.92%	-47.57%
SHAREHOLDERS EQUITY
Retained Earnings	-$77.89M
YoY Change	17.43%
Common Stock	$35.55K
YoY Change	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$11.31M	$11.31M	$23.92M
YoY Change
Total Liabilities & Shareholders Equity	$12.32M	$12.32M	$24.53M
YoY Change	-49.79%	-49.79%	217.06%

Cashflow Statement

Concept	2023 Q4	2023	2022
OPERATING ACTIVITIES
Net Income	-$9.082M	-$12.59M	-$22.54M
YoY Change	-58.0%	-44.18%	722.84%
Depreciation, Depletion And Amortization	$2.154M	$4.974M	$6.265M
YoY Change	-65.62%	-20.61%
Cash From Operating Activities	$2.766M	$1.756M	$7.199M
YoY Change	-90.49%	-75.61%	553.03%
INVESTING ACTIVITIES
Capital Expenditures	$9.251M	$9.251M	$32.71M
YoY Change	-71.72%	-71.72%
Acquisitions
YoY Change
Other Investing Activities	$5.894M	$5.894M
YoY Change
Cash From Investing Activities	-$3.357M	-$3.357M	-$32.71M
YoY Change	-89.74%	-89.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net		$0.00	$40.00M
YoY Change		-100.0%	904.06%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities			$40.00M
YoY Change			1012.24%
NET CHANGE
Cash From Operating Activities	2.766M	$1.756M	$7.199M
Cash From Investing Activities	-3.357M	-$3.357M	-$32.71M
Cash From Financing Activities			$40.00M
Net Change In Cash	-591.0K	-$1.621M	$2.118K
YoY Change	-83.63%	-76638.57%	-99.91%
FREE CASH FLOW
Cash From Operating Activities	$2.766M	$1.756M	$7.199M
Capital Expenditures	$9.251M	$9.251M	$32.71M
Free Cash Flow	-$6.485M	-$7.495M	-$25.51M
YoY Change	79.65%	-70.62%

Facts In Submission

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CY2023	dei	Document Period End Date DocumentPeriodEndDate	2023-12-31
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CY2023	dei	Entity File Number EntityFileNumber	333-256665
CY2023	dei	Entity Registrant Name EntityRegistrantName	ABITS GROUP INC
CY2023	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	D8
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CY2021Q4	MOXC	Stock Issued During Period Values Purchase Of Digital Assets StockIssuedDuringPeriodValuesPurchaseOfDigitalAssets	0	usd
CY2023	MOXC	Bitcoins Mined During Year BitcoinsMinedDuringYear	43.93	shares
CY2023	us-gaap	Use Of Estimates UseOfEstimates	<p id="xdx_840_eus-gaap--UseOfEstimates_zPQkhLGYkBkk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_862_zI3DGonV7TU6">Use of estimates</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the accompanying consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Significant estimates required to be made by management include but not limited to, useful lives of property and equipment, provision for doubtful accounts, intangible assets valuation, inventory valuation, value added recoverable valuation and deferred tax assets valuation. Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023	MOXC	Bitcoins Mined Value During Year BitcoinsMinedValueDuringYear	1681533	usd
CY2022	MOXC	Bitcoins Mined During Year BitcoinsMinedDuringYear	5.29	shares
CY2022	MOXC	Bitcoins Mined Value During Year BitcoinsMinedValueDuringYear	87747	usd
CY2023	us-gaap	Income Tax Examination Likelihood Of Unfavorable Settlement IncomeTaxExaminationLikelihoodOfUnfavorableSettlement	Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized.
CY2022	MOXC	Increase Decrease In Foreign Currency Exchanged For Usd IncreaseDecreaseInForeignCurrencyExchangedForUSD	0	usd
CY2023	MOXC	Exchanged For Usdt ExchangedForUsdt	-9.59	shares
CY2023	MOXC	Exchanged For Usdt Value ExchangedForUsdtValue	-226256	usd
CY2023	MOXC	Change In Fair Value Of Bitcoin ChangeInFairValueOfBitcoin	39448	usd
CY2023Q4	MOXC	Stock Issued During Period Shares Purchase Of Digital Assets StockIssuedDuringPeriodSharesPurchaseOfDigitalAssets	16.41	shares
CY2023Q4	MOXC	Stock Issued During Period Values Purchase Of Digital Assets StockIssuedDuringPeriodValuesPurchaseOfDigitalAssets	693389	usd
CY2022Q4	MOXC	Stock Issued During Period Shares Purchase Of Digital Assets StockIssuedDuringPeriodSharesPurchaseOfDigitalAssets	5.29	shares
CY2022Q4	MOXC	Stock Issued During Period Values Purchase Of Digital Assets StockIssuedDuringPeriodValuesPurchaseOfDigitalAssets	87747	usd
CY2023Q4	us-gaap	Other Intangible Assets Net OtherIntangibleAssetsNet	1194157	usd
CY2022Q4	us-gaap	Other Intangible Assets Net OtherIntangibleAssetsNet	7087747	usd
CY2022	MOXC	Provision For Impairment In Value ProvisionForImpairmentInValue	84750	usd
CY2022Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	18818108	usd
CY2023	us-gaap	Property Plant And Equipment Additions PropertyPlantAndEquipmentAdditions	9250538	usd
CY2023	us-gaap	Property Plant And Equipment Disposals PropertyPlantAndEquipmentDisposals	7364650	usd
CY2023Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	20703996	usd
CY2022Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	6264700	usd
CY2023	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment Period Increase Decrease AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease	442779	usd
CY2023	us-gaap	Accumulated Depreciation Depletion And Amortization Sale Of Property Plant And Equipment1 AccumulatedDepreciationDepletionAndAmortizationSaleOfPropertyPlantAndEquipment1	4530950	usd
CY2023Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	11238429	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	12553408	usd
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	9465567	usd
CY2023Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2023Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.00101
CY2023Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	5000000	shares
CY2022Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	5000000	shares
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	150000000	shares
CY2023Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	35554677	shares
CY2021Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	19554677	shares
CY2022	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	16000000	shares
CY2023Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	35554677	shares
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	35554677	shares
CY2022Q3	us-gaap	Gain Loss On Sale Of Interest In Projects GainLossOnSaleOfInterestInProjects	406938	usd
CY2022Q3	MOXC	Writeoff Of Investment Associated With Divestment WriteoffOfInvestmentAssociatedWithDivestment	1000001	usd
CY2017Q4	us-gaap	Effective Income Tax Rate Reconciliation Tax Credits EffectiveIncomeTaxRateReconciliationTaxCredits	0.35	pure
CY2023	us-gaap	Effective Income Tax Rate Reconciliation Tax Credits EffectiveIncomeTaxRateReconciliationTaxCredits	0.21	pure
CY2023	us-gaap	Income Tax Examination Description IncomeTaxExaminationDescription	As the Company has a December 31 fiscal year-end, the lower corporate income tax rate will be phased in, resulting in a U.S. statutory federal rate of approximately 24.5% for our fiscal year ending December 31, 2018, and 21% for subsequent fiscal years. Accordingly, we have to remeasure our deferred tax assets on net operating loss carryforward in the U.S. at the lower enacted cooperated tax rate of 21%.
CY2023	us-gaap	Effective Income Tax Rate Reconciliation Tax Credits EffectiveIncomeTaxRateReconciliationTaxCredits	0.21	pure
CY2023	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	1	pure
CY2023	MOXC	Tax Cuts And Jobs Act Net Operating Loss Carryforwards Tax Payable TaxCutsAndJobsActNetOperatingLossCarryforwardsTaxPayable	The change in rate has caused us to remeasure all U.S. deferred income tax assets and liabilities for temporary differences and net operating loss (NOL) carryforwards and recorded a one-time income tax payable in 8 years.
CY2023	us-gaap	Net Income Loss NetIncomeLoss	-12585250	usd
CY2023	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	0	usd
CY2023	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	0	usd
CY2023	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	-12585250	usd
CY2023	us-gaap	Income Tax Reconciliation Foreign Income Tax Rate Differential IncomeTaxReconciliationForeignIncomeTaxRateDifferential	0	usd
CY2023	us-gaap	Income Tax Reconciliation Tax Credits IncomeTaxReconciliationTaxCredits	0	usd
CY2023	us-gaap	Income Tax Reconciliation Nondeductible Expense IncomeTaxReconciliationNondeductibleExpense	0	usd
CY2023	us-gaap	Income Tax Reconciliation Deductions IncomeTaxReconciliationDeductions	0	usd
CY2023	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	0	usd
CY2023	us-gaap	Other Tax Expense Benefit OtherTaxExpenseBenefit	0	usd
CY2023	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	usd

Files In Submission

Name	View Source	Status
0001493152-24-017245-index-headers.html	Edgar Link	pending
0001493152-24-017245-index.html	Edgar Link	pending
0001493152-24-017245.txt	Edgar Link	pending
0001493152-24-017245-xbrl.zip	Edgar Link	pending
ex11-1.htm	Edgar Link	pending
ex12-1.htm	Edgar Link	pending
ex12-2.htm	Edgar Link	pending
ex13-1.htm	Edgar Link	pending
ex13-2.htm	Edgar Link	pending
ex2-2.htm	Edgar Link	pending
ex8-1.htm	Edgar Link	pending
ex97-1.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
form20-f.htm	Edgar Link	pending
form20-f_001.jpg	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
moxc-20231231.xsd	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
moxc-20231231_cal.xml	Edgar Link	unprocessable
moxc-20231231_def.xml	Edgar Link	unprocessable
moxc-20231231_lab.xml	Edgar Link	unprocessable
moxc-20231231_pre.xml	Edgar Link	unprocessable
form20-f_htm.xml	Edgar Link	completed
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
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R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
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R37.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$ABTS
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2023 Q4 Form 20-F Financial Statement

#000149315224017245 Filed on April 30, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

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$ABTS Abits Group Inc Stock $abts

2023 Q4 Form 20-F Financial Statement

#000149315224017245 Filed on April 30, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ABTS
Abits Group Inc Stock $abts