2024 Q4 Form 10-K Financial Statement

#000168316824008555 Filed on December 09, 2024

View on sec.gov

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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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

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