2023 Q4 Form 10-Q Financial Statement

#000149315223040107 Filed on November 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q3
Revenue $326.1K $316.2K $344.2K
YoY Change 20.39% -8.12% 6.44%
Cost Of Revenue $81.05K $83.10K $82.20K
YoY Change -27.94% 1.09% 14.66%
Gross Profit $245.1K $233.1K $262.0K
YoY Change 54.7% -11.01% 4.09%
Gross Profit Margin 75.15% 73.72% 76.12%
Selling, General & Admin $1.033M $285.4K $441.7K
YoY Change 13.91% -35.39% -91.23%
% of Gross Profit 421.46% 122.41% 168.6%
Research & Development $156.2K $148.5K $126.9K
YoY Change -4.25% 17.08% -53.69%
% of Gross Profit 63.75% 63.71% 48.42%
Depreciation & Amortization $5.030K $0.00 $1.130K
YoY Change 326.27% -100.0% 707.14%
% of Gross Profit 2.05% 0.0% 0.43%
Operating Expenses $1.189M $1.158M $1.363M
YoY Change 11.14% -15.06% -74.33%
Operating Profit -$944.1K -$925.1K -$1.101M
YoY Change 3.57% -16.02% -78.23%
Interest Expense -$1.410M $60.00K $91.38K
YoY Change -373.43% -34.34% -93.59%
% of Operating Profit
Other Income/Expense, Net $11.99M $285.0K $71.25K
YoY Change 300.0% -95.0%
Pretax Income $10.89M -$640.0K -$1.030M
YoY Change -879.53% -37.88% -73.19%
Income Tax
% Of Pretax Income
Net Earnings $10.89M -$640.1K -$1.030M
YoY Change -879.53% -37.87% -73.19%
Net Earnings / Revenue 3339.35% -202.4% -299.32%
Basic Earnings Per Share -$0.04 -$0.08
Diluted Earnings Per Share $0.75 -$0.04 -$79.54K
COMMON SHARES
Basic Shares Outstanding 14.37M shares 14.33M shares 12.97M shares
Diluted Shares Outstanding 14.32M shares 12.95M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.458M $850.0K $2.889M
YoY Change -35.09% -70.58% -24.35%
Cash & Equivalents $1.458M $753.2K $2.900M
Short-Term Investments $100.0K
Other Short-Term Assets $25.29M $8.050M $2.830M
YoY Change 1196.06% 184.43% 499.13%
Inventory
Prepaid Expenses $62.46K $107.4K $207.1K
Receivables
Other Receivables
Total Short-Term Assets $27.04M $8.904M $5.719M
YoY Change 544.06% 55.68% 33.27%
LONG-TERM ASSETS
Property, Plant & Equipment $10.49K $12.00K $12.33K
YoY Change -5.94% -2.67% 184.76%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $100.0K
YoY Change
Other Assets $0.00 $0.00 $5.600M
YoY Change -100.0% -100.0% -36.64%
Total Long-Term Assets $110.5K $12.00K $5.612M
YoY Change -98.07% -99.79% -36.53%
TOTAL ASSETS
Total Short-Term Assets $27.04M $8.904M $5.719M
Total Long-Term Assets $110.5K $12.00K $5.612M
Total Assets $27.15M $8.916M $11.33M
YoY Change 173.72% -21.32% -13.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $55.06K $90.00K $100.9K
YoY Change -28.24% -10.78% -1.22%
Accrued Expenses $767.2K $413.8K $317.2K
YoY Change 105.86% 30.45% 21046.87%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $980.9K $485.1K $1.030M
YoY Change 67.27% -52.89% -77.89%
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 $980.9K $485.1K $1.030M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $980.9K $490.0K $1.030M
YoY Change 67.27% -52.41% -77.89%
SHAREHOLDERS EQUITY
Retained Earnings -$138.7M -$154.6M -$150.1M
YoY Change -8.45% 2.98%
Common Stock $15.32K $14.37K $160.4M
YoY Change -99.99% -99.99%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $26.17M $8.431M $10.30M
YoY Change
Total Liabilities & Shareholders Equity $27.15M $8.916M $11.33M
YoY Change 173.72% -21.32% -13.72%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q3
OPERATING ACTIVITIES
Net Income $10.89M -$640.1K -$1.030M
YoY Change -879.53% -37.87% -73.19%
Depreciation, Depletion And Amortization $5.030K $0.00 $1.130K
YoY Change 326.27% -100.0% 707.14%
Cash From Operating Activities -$872.3K -$640.0K -$780.6K
YoY Change 34.75% -18.01% 27.26%
INVESTING ACTIVITIES
Capital Expenditures -$240.00 $10.00K -$135.1K
YoY Change -100.13% -107.4% -86.08%
Acquisitions
YoY Change
Other Investing Activities -$4.240K $280.0K $122.6K
YoY Change -108.02% 128.44%
Cash From Investing Activities -$4.000K $270.0K -$12.56K
YoY Change -96.83% -2249.68% -98.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.578M 180.0K 490.7K
YoY Change 4957.02% -63.32% -172.9%
NET CHANGE
Cash From Operating Activities -872.3K -640.0K -780.6K
Cash From Investing Activities -4.000K 270.0K -12.56K
Cash From Financing Activities 1.578M 180.0K 490.7K
Net Change In Cash 701.5K -190.0K -302.4K
YoY Change -194.52% -37.18% -86.6%
FREE CASH FLOW
Cash From Operating Activities -$872.3K -$640.0K -$780.6K
Capital Expenditures -$240.00 $10.00K -$135.1K
Free Cash Flow -$872.0K -$650.0K -$645.4K
YoY Change 5.53% 0.71% -280.76%

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10301962 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
10301962 usd
us-gaap Net Income Loss
NetIncomeLoss
-3071893 usd
us-gaap Net Income Loss
NetIncomeLoss
-14495664 usd
us-gaap Depreciation
Depreciation
3521 usd
us-gaap Depreciation
Depreciation
2862 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1057512 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2233608 usd
BTCS Validator Revenue
ValidatorRevenue
1013503 usd
BTCS Validator Revenue
ValidatorRevenue
1421560 usd
BTCS Blockchain Network Fees
BlockchainNetworkFees
1321 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-142500 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-1140000 usd
BTCS Sale Of Nonproductive Crypto Assets
SaleOfNonproductiveCryptoAssets
2547322 usd
BTCS Realized Gain On Crypto Assets Transactions
RealizedGainOnCryptoAssetsTransactions
806137 usd
BTCS Realized Gain On Crypto Assets Transactions
RealizedGainOnCryptoAssetsTransactions
489682 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
35000 shares
us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
1251950 usd
us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
12347472 usd
BTCS Increase Decrease In Stable Coins
IncreaseDecreaseInStableCoins
-29794 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-16298 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-117473 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
15932 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-37842 usd
us-gaap Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
25209 usd
us-gaap Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
205237 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2693405 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-129453 usd
BTCS Purchase Of Productive Crypto Assets Currencies For Validating
PurchaseOfProductiveCryptoAssetsCurrenciesForValidating
1804482 usd
BTCS Purchase Of Productive Crypto Assets Currencies For Validating
PurchaseOfProductiveCryptoAssetsCurrenciesForValidating
9274055 usd
BTCS Sale Of Productive Crypto Assets Currencies
SaleOfProductiveCryptoAssetsCurrencies
1994890 usd
BTCS Sale Of Productive Crypto Assets Currencies
SaleOfProductiveCryptoAssetsCurrencies
432716 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5276 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5408 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
905 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
186037 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-8846747 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
630801 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1113818 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
11095132 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1113818 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
10464331 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1393550 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1488131 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2146783 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1400867 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
753233 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2888998 usd
BTCS Series V Preferred Stock Distribution
SeriesVPreferredStockDistribution
2559533 usd
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
490000 usd
us-gaap Impairment Losses Related To Real Estate Partnerships
ImpairmentLossesRelatedToRealEstatePartnerships
12347000 usd
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
806000 usd
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_849_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zEOWsrTjTnd2" style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span id="xdx_864_zTaogXHJwvje">Reclassifications</span></i></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"> </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">Certain prior period amounts have been reclassified in order to conform with the current period presentation. These reclassifications have no impact on the Company’s previously reported net income (loss).</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"> </span></p>
CY2023Q3 us-gaap Cash
Cash
753000 usd
CY2022Q4 us-gaap Cash
Cash
2147000 usd
CY2023Q3 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
102000 usd
CY2022Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
1682000 usd
us-gaap Impairment Losses Related To Real Estate Partnerships
ImpairmentLossesRelatedToRealEstatePartnerships
1252000 usd
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
1.02
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84B_eus-gaap--UseOfEstimates_z9MBIVzRnqxi" style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span id="xdx_86F_ziyUGBdyaOUf">Use of Estimates</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><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; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The accompanying financial statements have been prepared in conformity with U.S. GAAP. This requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the period. The Company’s significant estimates and assumptions include the recoverability and useful lives of indefinite life intangible assets, stock-based compensation, and the valuation allowance related to the Company’s deferred tax assets. Certain of the Company’s estimates, including the carrying amount of the indefinite life intangible assets, could be affected by external conditions, including those unique to the Company and general economic conditions. It is reasonably possible that these external factors could have an effect on the Company’s estimates and could cause actual results to differ from those estimates and assumptions.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
us-gaap Income Tax Examination Likelihood Of Unfavorable Settlement
IncomeTaxExaminationLikelihoodOfUnfavorableSettlement
Tax positions are recognized only when it is more likely than not (i.e., likelihood of greater than 50%), based on technical merits, that the position would be sustained upon examination by taxing authorities. Tax positions that meet the more likely than not threshold are measured using a probability-weighted approach as the largest amount of tax benefit that is greater than 50% likely of being realized upon settlement.
us-gaap Preferred Stock Conversion Basis
PreferredStockConversionBasis
The Series V: (i) is non-convertible, (ii) has a 20% liquidation preference over the shares of common stock, (iii) is non-voting and (iv) has certain rights to dividends and distributions (at the discretion of the Board).
us-gaap Payments Of Dividends
PaymentsOfDividends
0 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
635000 usd
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
11000 usd
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
74000 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3493899 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3843187 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3493899 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3843187 shares
CY2023Q3 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
100000 usd
CY2023Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
71250 usd
CY2022Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
100000 usd
CY2022Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
213750 usd
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
97500000 shares
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
975000000 shares
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
975000000 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1150000 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.15
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y3M18D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
35000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.81
BTCS Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term Grants In Period
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTermGrantsInPeriod
P4Y10M24D
us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Amount
DefinedContributionPlanMaximumAnnualContributionsPerEmployeeAmount
95000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageIntrinsicValue
11100
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1150000 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.14
BTCS Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm
P2Y6M
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
1135000 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
2.16
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P2Y6M
us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
1521296 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.9730 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
1.0372 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0410 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0132 pure
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1590552 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
3.34
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
50000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.63
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
9153 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
4.37
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1631399 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
3.25
us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
1 pure
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
252095 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
481284 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
767315 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2377199 usd
CY2023Q3 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
321144 usd
CY2022Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
295935 usd
CY2023Q3 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
92659 usd
CY2022Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
76727 usd
CY2023Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
413803 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
372662 usd
CY2023Q3 us-gaap Accrued Bonuses Current And Noncurrent
AccruedBonusesCurrentAndNoncurrent
321000 usd
CY2022Q4 us-gaap Accrued Bonuses Current And Noncurrent
AccruedBonusesCurrentAndNoncurrent
284000 usd
us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Amount
DefinedContributionPlanMaximumAnnualContributionsPerEmployeeAmount
45000 usd
CY2023Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-154554000 usd
us-gaap Net Income Loss
NetIncomeLoss
-3072000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2693000 usd

Files In Submission

Name View Source Status
btcs-20230930_lab.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
0001493152-23-040107-index-headers.html Edgar Link pending
0001493152-23-040107-index.html Edgar Link pending
0001493152-23-040107.txt Edgar Link pending
0001493152-23-040107-xbrl.zip Edgar Link pending
btcs-20230930.xsd Edgar Link pending
btcs-20230930_cal.xml Edgar Link unprocessable
btcs-20230930_def.xml Edgar Link unprocessable
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
MetaLinks.json Edgar Link pending
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btcs-20230930_pre.xml Edgar Link unprocessable
form10-q_htm.xml Edgar Link completed