2024 Q4 Form 10-K Financial Statement
#000168316824008555 Filed on December 09, 2024
Income Statement
Concept | 2024 Q4 | 2024 Q3 | 2024 |
---|---|---|---|
Revenue | $3.310M | ||
YoY Change | 413.01% | ||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | $761.0K | ||
YoY Change | 242.08% | ||
Gross Profit Margin | 22.99% | ||
Selling, General & Admin | |||
YoY Change | |||
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $923.5K | ||
YoY Change | 96.2% | ||
% of Gross Profit | 121.36% | ||
Operating Expenses | $3.209M | ||
YoY Change | 21.74% | ||
Operating Profit | -$2.447M | ||
YoY Change | 1.43% | ||
Interest Expense | |||
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | -$845.0K | ||
YoY Change | 1531.28% | ||
Pretax Income | |||
YoY Change | |||
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$3.293M | ||
YoY Change | 33.58% | ||
Net Earnings / Revenue | -99.46% | ||
Basic Earnings Per Share | -$0.07 | ||
Diluted Earnings Per Share | -$0.07 | ||
COMMON SHARES | |||
Basic Shares Outstanding | 39.67M shares | 49.91M shares | 49.88M shares |
Diluted Shares Outstanding | 49.88M shares |
Balance Sheet
Concept | 2024 Q4 | 2024 Q3 | 2024 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | |||
YoY Change | |||
Cash & Equivalents | $499.3K | ||
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | $675.0K | ||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $1.564M | ||
YoY Change | 108.49% | ||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $5.720M | ||
YoY Change | -23.25% | ||
TOTAL ASSETS | |||
Total Short-Term Assets | $1.564M | ||
Total Long-Term Assets | $5.720M | ||
Total Assets | $7.284M | ||
YoY Change | -11.21% | ||
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $400.6K | ||
YoY Change | 434.8% | ||
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | $703.5K | ||
YoY Change | |||
Short-Term Debt | |||
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $3.131M | ||
YoY Change | 100.88% | ||
LONG-TERM LIABILITIES | |||
Long-Term Debt | |||
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | |||
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $3.131M | ||
Total Long-Term Liabilities | |||
Total Liabilities | $3.196M | ||
YoY Change | 64.26% | ||
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$8.224M | ||
YoY Change | 66.77% | ||
Common Stock | $4.991K | ||
YoY Change | 0.48% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $4.088M | ||
YoY Change | |||
Total Liabilities & Shareholders Equity | $7.284M | ||
YoY Change | -11.21% |
Cashflow Statement
Concept | 2024 Q4 | 2024 Q3 | 2024 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$3.293M | ||
YoY Change | 33.58% | ||
Depreciation, Depletion And Amortization | $923.5K | ||
YoY Change | 96.2% | ||
Cash From Operating Activities | -$28.75K | ||
YoY Change | -96.45% | ||
INVESTING ACTIVITIES | |||
Capital Expenditures | $75.93K | ||
YoY Change | -87.6% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$67.53K | ||
YoY Change | -88.97% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $325.0K | ||
YoY Change | -75.0% | ||
NET CHANGE | |||
Cash From Operating Activities | -$28.75K | ||
Cash From Investing Activities | -$67.53K | ||
Cash From Financing Activities | $325.0K | ||
Net Change In Cash | $228.7K | ||
YoY Change | -287.47% | ||
FREE CASH FLOW | |||
Cash From Operating Activities | -$28.75K | ||
Capital Expenditures | $75.93K | ||
Free Cash Flow | -$104.7K | ||
YoY Change | -92.64% |
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Depreciation
|
923545 | usd |
CY2023 | us-gaap |
Depreciation
Depreciation
|
470705 | usd |
CY2024 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-31641 | usd |
CY2023 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-0 | usd |
CY2024 | BMNR |
Loss On Investment In Joint Venture
LossOnInvestmentInJointVenture
|
-311313 | usd |
CY2023 | BMNR |
Loss On Investment In Joint Venture
LossOnInvestmentInJointVenture
|
-0 | usd |
CY2024 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
120000 | usd |
CY2023 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
122950 | usd |
CY2024 | us-gaap |
Crypto Asset Realized And Unrealized Gain Loss Operating
CryptoAssetRealizedAndUnrealizedGainLossOperating
|
225021 | usd |
CY2023 | us-gaap |
Crypto Asset Realized And Unrealized Gain Loss Operating
CryptoAssetRealizedAndUnrealizedGainLossOperating
|
108035 | usd |
CY2024 | us-gaap |
Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
|
-374443 | usd |
CY2023 | us-gaap |
Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
|
123938 | usd |
CY2024 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
570000 | usd |
CY2023 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
100000 | usd |
CY2024 | us-gaap |
Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
|
374616 | usd |
CY2023 | us-gaap |
Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
|
-9858 | usd |
CY2024 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
703500 | usd |
CY2023 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
0 | usd |
CY2024 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-86193 | usd |
CY2023 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-12158 | usd |
CY2024 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
218149 | usd |
CY2023 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
97460 | usd |
CY2024 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-28753 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-809715 | usd |
CY2024 | us-gaap |
Proceeds From Divestiture Of Interest In Joint Venture
ProceedsFromDivestitureOfInterestInJointVenture
|
8408 | usd |
CY2023 | us-gaap |
Proceeds From Divestiture Of Interest In Joint Venture
ProceedsFromDivestitureOfInterestInJointVenture
|
0 | usd |
CY2024 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
75934 | usd |
CY2023 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
612288 | usd |
CY2024 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-67525 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-612288 | usd |
CY2024 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
325000 | usd |
CY2023 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
1300000 | usd |
CY2024 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
325000 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1300000 | usd |
CY2024 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
228723 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-122003 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
270547 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
392550 | usd |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
499270 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
270547 | usd |
CY2024 | BMNR |
Proceeds Received From Bitcoin Loan
ProceedsReceivedFromBitcoinLoan
|
577934 | usd |
CY2023 | BMNR |
Proceeds Received From Bitcoin Loan
ProceedsReceivedFromBitcoinLoan
|
0 | usd |
CY2024 | BMNR |
Repayment Of Bitcoin Loan In Bitcoin
RepaymentOfBitcoinLoanInBitcoin
|
577934 | usd |
CY2023 | BMNR |
Repayment Of Bitcoin Loan In Bitcoin
RepaymentOfBitcoinLoanInBitcoin
|
0 | usd |
CY2024 | BMNR |
Purchase Of Equipment With Bitcoin
PurchaseOfEquipmentWithBitcoin
|
339525 | usd |
CY2023 | BMNR |
Purchase Of Equipment With Bitcoin
PurchaseOfEquipmentWithBitcoin
|
0 | usd |
CY2024 | BMNR |
Repossession Of Equipment To Satisfy Notes Receivable
RepossessionOfEquipmentToSatisfyNotesReceivable
|
530805 | usd |
CY2023 | BMNR |
Repossession Of Equipment To Satisfy Notes Receivable
RepossessionOfEquipmentToSatisfyNotesReceivable
|
0 | usd |
CY2024 | BMNR |
Payment Of Accrued Liability To Related Party With Equipment
PaymentOfAccruedLiabilityToRelatedPartyWithEquipment
|
48938 | usd |
CY2023 | BMNR |
Payment Of Accrued Liability To Related Party With Equipment
PaymentOfAccruedLiabilityToRelatedPartyWithEquipment
|
0 | usd |
CY2024 | BMNR |
Sale Of Fixed Assets For Note Receivable
SaleOfFixedAssetsForNoteReceivable
|
0 | usd |
CY2023 | BMNR |
Sale Of Fixed Assets For Note Receivable
SaleOfFixedAssetsForNoteReceivable
|
613514 | usd |
CY2024 | BMNR |
Property Contributed To Joint Venture
PropertyContributedToJointVenture
|
0 | usd |
CY2023 | BMNR |
Property Contributed To Joint Venture
PropertyContributedToJointVenture
|
987429 | usd |
CY2024 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_848_eus-gaap--UseOfEstimates_zJPpKo6BcMh5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><span style="text-decoration: underline"><span id="xdx_86E_zeals3CbvCji">Use of Estimates</span></span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of condensed financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of liabilities and disclosure of contingent assets and liabilities at the date of the condensed financial statements. The most significant estimates relate to the calculation of stock-based compensation, calculation of the Company’s derivative liability, collectability of notes receivable, useful lives and recoverability of long-lived assets, depreciation methods, income taxes and contingencies. The Company bases its estimates on historical experience, known or expected trends, and various other assumptions that are believed to be reasonable given the quality of information available as of the date of these condensed financial statements. The results of these assumptions provide the basis for making estimates about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Actual results could differ from these estimates. There have been no material changes to the Company’s accounting estimates since the Company’s condensed financial statements for the fiscal year ended August 31, 2024.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | |
CY2024 | BMNR |
Revenue From Self Mining
RevenueFromSelfMining
|
3030910 | usd |
CY2023 | BMNR |
Revenue From Self Mining
RevenueFromSelfMining
|
389222 | usd |
CY2024 | BMNR |
Revenue From Hosting
RevenueFromHosting
|
48305 | usd |
CY2024 | BMNR |
Revenue From Sale Of Mining Equipment
RevenueFromSaleOfMiningEquipment
|
231133 | usd |
CY2024Q3 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
499270 | usd |
CY2023Q3 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
270547 | usd |
CY2024 | BMNR |
Crypto Asset Realized And Unrealized Gain
CryptoAssetRealizedAndUnrealizedGain
|
0 | usd |
CY2023 | BMNR |
Crypto Asset Realized And Unrealized Gain
CryptoAssetRealizedAndUnrealizedGain
|
3523 | usd |
CY2024 | us-gaap |
Crypto Asset Realized Gain Loss Operating
CryptoAssetRealizedGainLossOperating
|
113803 | usd |
CY2023 | us-gaap |
Crypto Asset Realized Gain Loss Operating
CryptoAssetRealizedGainLossOperating
|
21682 | usd |
CY2024Q3 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
675000 | usd |
CY2023Q3 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
105000 | usd |
CY2024Q3 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
703500 | usd |
CY2024Q3 | BMNR |
Fixed Asset Not In Service
FixedAssetNotInService
|
3071565 | usd |
CY2023Q3 | BMNR |
Fixed Asset Not In Service
FixedAssetNotInService
|
4453466 | usd |
CY2024 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
120000 | usd |
CY2023 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
122950 | usd |
CY2022Q3 | us-gaap |
Crypto Asset Fair Value
CryptoAssetFairValue
|
21434 | usd |
CY2022Q3 | BMNR |
Crypto Units
CryptoUnits
|
1.1 | |
CY2023Q3 | us-gaap |
Crypto Asset Fair Value
CryptoAssetFairValue
|
129469 | usd |
CY2023Q3 | BMNR |
Crypto Units
CryptoUnits
|
5.0 | |
CY2023Q3 | us-gaap |
Crypto Asset Fair Value
CryptoAssetFairValue
|
129469 | usd |
CY2023Q3 | BMNR |
Crypto Units
CryptoUnits
|
5.0 | |
CY2024Q3 | us-gaap |
Crypto Asset Fair Value
CryptoAssetFairValue
|
14966 | usd |
CY2024Q3 | BMNR |
Crypto Units
CryptoUnits
|
0.3 | |
CY2023 | BMNR |
Revenue From Sale Of Mining Equipment
RevenueFromSaleOfMiningEquipment
|
244036 | usd |
CY2024 | BMNR |
Revenue From Hosting
RevenueFromHosting
|
48305 | usd |
CY2023 | BMNR |
Revenue From Hosting
RevenueFromHosting
|
12020 | usd |
CY2024 | BMNR |
Revenue From Self Mining
RevenueFromSelfMining
|
3030910 | usd |
CY2023 | BMNR |
Revenue From Self Mining
RevenueFromSelfMining
|
389222 | usd |
CY2024 | us-gaap |
Revenues
Revenues
|
3310348 | usd |
CY2023 | us-gaap |
Revenues
Revenues
|
645278 | usd |
CY2024Q3 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
3071565 | usd |
CY2024 | us-gaap |
Depreciation
Depreciation
|
923545 | usd |
CY2023 | us-gaap |
Depreciation
Depreciation
|
470705 | usd |
CY2024 | BMNR |
Repossession Of Equipment To Satisfy Notes Receivable
RepossessionOfEquipmentToSatisfyNotesReceivable
|
530805 | usd |
CY2024 | us-gaap |
Other Asset Impairment Charges
OtherAssetImpairmentCharges
|
120000 | usd |
CY2024Q3 | BMNR |
Property Plant And Equipment Additions Units
PropertyPlantAndEquipmentAdditionsUnits
|
1241 | integer |
CY2024 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
564709 | usd |
CY2024Q3 | BMNR |
Notes Receivable
NotesReceivable
|
655277 | usd |
CY2023Q3 | BMNR |
Notes Receivable
NotesReceivable
|
1761193 | usd |
CY2024Q3 | BMNR |
Notes Receivable Noncurrent
NotesReceivableNoncurrent
|
280834 | usd |
CY2023Q3 | BMNR |
Notes Receivable Noncurrent
NotesReceivableNoncurrent
|
1386749 | usd |
CY2024Q3 | BMNR |
Notes Receivable Current
NotesReceivableCurrent
|
374444 | usd |
CY2023Q3 | BMNR |
Notes Receivable Current
NotesReceivableCurrent
|
374444 | usd |
CY2024Q3 | BMNR |
Notes Receivable
NotesReceivable
|
655277 | usd |
CY2023Q3 | BMNR |
Notes Receivable
NotesReceivable
|
1761193 | usd |
CY2024 | us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
54617 | usd |
CY2023 | us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
28720 | usd |
CY2022Q4 | us-gaap |
Site Contingency Uncertainties From Insurance
SiteContingencyUncertaintiesFromInsurance
|
Under our hosting agreement with ROC Digital, we located one immersion container at the site for $500 per month, plus payment of our pro rata share of electricity, internet and insurance for the site. Under the hosting agreement, we also agreed to contribute $100,000 toward the electricity deposit for the site, which is refundable to us at the earlier of the date the electricity provider releases the deposit or 90 days after the expiration or termination of the hosting agreement. | |
CY2024Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | shares |
CY2024Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2024Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
49912607 | shares |
CY2023Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
49665649 | shares |
CY2024Q3 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
8320800 | shares |