2023 Q3 Form 10-K Financial Statement
#000147793223007190 Filed on September 28, 2023
Income Statement
Concept | 2023 Q3 | 2023 Q2 | 2023 |
---|---|---|---|
Revenue | $1.059M | $1.496M | $3.863M |
YoY Change | 90.7% | 128.35% | -41.03% |
Cost Of Revenue | $1.573M | $2.404M | $6.297M |
YoY Change | 104.63% | 179.57% | 62.79% |
Gross Profit | -$514.3K | -$907.3K | -$2.435M |
YoY Change | 140.86% | 343.73% | -190.79% |
Gross Profit Margin | -48.56% | -60.63% | -63.03% |
Selling, General & Admin | $8.477M | $14.95M | $15.95M |
YoY Change | 2055.61% | 1729.13% | 395.91% |
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $733.6K | $1.306M | $3.597M |
YoY Change | 69.72% | 175.05% | 2555.85% |
% of Gross Profit | |||
Operating Expenses | $8.477M | $14.95M | $22.72M |
YoY Change | 2055.6% | 1729.14% | 606.52% |
Operating Profit | -$8.992M | -$15.85M | -$25.15M |
YoY Change | 1381.82% | 1451.84% | 4611.77% |
Interest Expense | $23.03K | -$29.73K | $276.9K |
YoY Change | -78.84% | -79.91% | 1414.2% |
% of Operating Profit | |||
Other Income/Expense, Net | $0.00 | $11.00K | |
YoY Change | -100.0% | -134.71% | |
Pretax Income | -$9.035M | -$22.14M | -$25.46M |
YoY Change | 1048.96% | 1572.83% | 4402.09% |
Income Tax | $0.00 | $0.00 | |
% Of Pretax Income | |||
Net Earnings | -$9.035M | -$22.35M | -$25.46M |
YoY Change | 1048.96% | 1588.35% | 4402.09% |
Net Earnings / Revenue | -853.13% | -1493.43% | -659.1% |
Basic Earnings Per Share | -$11.98 | ||
Diluted Earnings Per Share | -$2.79 | -$7.83 | -$11.98 |
COMMON SHARES | |||
Basic Shares Outstanding | 4.000M shares | 2.861M shares | 2.247M shares |
Diluted Shares Outstanding | 2.247M shares |
Balance Sheet
Concept | 2023 Q3 | 2023 Q2 | 2023 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $57.67K | $258.0K | $258.0K |
YoY Change | -59.13% | -47.38% | -47.38% |
Cash & Equivalents | $57.67K | $258.0K | |
Short-Term Investments | |||
Other Short-Term Assets | $10.93K | $7.170K | $7.170K |
YoY Change | 8.0% | 186.8% | 186.8% |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $68.60K | $265.2K | $265.2K |
YoY Change | -54.63% | -98.32% | -46.19% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $4.603M | $5.300M | $5.300M |
YoY Change | -69.7% | -60.1% | -60.1% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $578.2K | $578.2K | $578.2K |
YoY Change | -0.12% | -76.25% | -76.25% |
Other Assets | $477.9K | $447.4K | $447.4K |
YoY Change | 1504.87% | 513.84% | 513.84% |
Total Long-Term Assets | $5.659M | $6.325M | $6.325M |
YoY Change | -64.18% | 1183.62% | -59.94% |
TOTAL ASSETS | |||
Total Short-Term Assets | $68.60K | $265.2K | $265.2K |
Total Long-Term Assets | $5.659M | $6.325M | $6.325M |
Total Assets | $5.728M | $6.591M | $6.591M |
YoY Change | -64.09% | -59.52% | -59.52% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $338.2K | $293.7K | $293.7K |
YoY Change | 288.27% | 424.85% | 424.86% |
Accrued Expenses | $144.2K | $121.2K | $121.2K |
YoY Change | 121.91% | 1230.59% | 1230.85% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $500.0K | $500.0K | $500.0K |
YoY Change | 14.05% | 29.72% | 29.72% |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $3.056M | $2.975M | $2.975M |
YoY Change | 55.51% | 90.28% | 90.28% |
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 | $3.056M | $2.975M | $2.975M |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $3.056M | $2.975M | $2.975M |
YoY Change | 55.51% | 90.28% | 90.28% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$82.34M | -$73.10M | |
YoY Change | 74.11% | 58.26% | |
Common Stock | $4.000K | $2.864K | |
YoY Change | -98.38% | -98.62% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$1.453M | -$509.9K | $3.615M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $5.728M | $6.591M | $6.591M |
YoY Change | -64.09% | -59.52% | -59.52% |
Cashflow Statement
Concept | 2023 Q3 | 2023 Q2 | 2023 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$9.035M | -$22.35M | -$25.46M |
YoY Change | 1048.96% | 1588.35% | 4402.09% |
Depreciation, Depletion And Amortization | $733.6K | $1.306M | $3.597M |
YoY Change | 69.72% | 175.05% | 2555.85% |
Cash From Operating Activities | -$934.3K | -$1.194M | -$3.428M |
YoY Change | 4.63% | 92.81% | -6281.51% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $36.75K | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $781.0K | $1.153M | $3.246M |
YoY Change | 43.63% | 132.67% | -247.93% |
Cash From Investing Activities | $781.0K | $1.153M | $3.246M |
YoY Change | 43.62% | 155.91% | -243.13% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -$47.03K | 0.000 | -$50.00K |
YoY Change | -100.0% | -108.27% | |
NET CHANGE | |||
Cash From Operating Activities | -$934.3K | -1.194M | -$3.428M |
Cash From Investing Activities | $781.0K | 1.153M | $3.246M |
Cash From Financing Activities | -$47.03K | 0.000 | -$50.00K |
Net Change In Cash | -$200.3K | -40.82K | -$232.3K |
YoY Change | -42.63% | -109.08% | -85.55% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$934.3K | -$1.194M | -$3.428M |
Capital Expenditures | $36.75K | $0.00 | $0.00 |
Free Cash Flow | -$971.0K | -$1.194M | -$3.428M |
YoY Change | 8.74% | 107.93% | 18818.1% |
Facts In Submission
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18385 Route 287 | |
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StockholdersEquity
|
-509883 | usd |
CY2023 | us-gaap |
Profit Loss
ProfitLoss
|
25459967 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
565514 | usd |
CY2023 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
3597346 | usd |
CY2022 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1617032 | usd |
CY2023 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
15247500 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2438900 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
0 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
45943 | usd |
CY2023 | intv |
Loss On Exercise Of Warrants
LossOnExerciseOfWarrants
|
11000 | usd |
CY2022 | intv |
Loss On Exercise Of Warrants
LossOnExerciseOfWarrants
|
0 | usd |
CY2023 | us-gaap |
Gain Loss On Sale Of Property
GainLossOnSaleOfProperty
|
0 | usd |
CY2022 | us-gaap |
Gain Loss On Sale Of Property
GainLossOnSaleOfProperty
|
-46999 | usd |
CY2023 | intv |
Gain Loss On Disposition Of Property And Equipment
GainLossOnDispositionOfPropertyAndEquipment
|
1197522 | usd |
CY2022 | intv |
Gain Loss On Disposition Of Property And Equipment
GainLossOnDispositionOfPropertyAndEquipment
|
154180 | usd |
CY2023 | intv |
Impairment Of Property And Equipment
ImpairmentOfPropertyAndEquipment
|
5574363 | usd |
CY2022 | intv |
Impairment Of Property And Equipment
ImpairmentOfPropertyAndEquipment
|
0 | usd |
CY2023 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
114564 | usd |
CY2022 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
8636 | usd |
CY2023 | intv |
Realized Loss Gain On Sale Of Digital Currencies
RealizedLossGainOnSaleOfDigitalCurrencies
|
-19498 | usd |
CY2022 | intv |
Realized Loss Gain On Sale Of Digital Currencies
RealizedLossGainOnSaleOfDigitalCurrencies
|
181853 | usd |
CY2023 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | usd |
CY2022 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
5924 | usd |
CY2023 | intv |
Increase Decrease In Digital Currencies
IncreaseDecreaseInDigitalCurrencies
|
3911752 | usd |
CY2022 | intv |
Increase Decrease In Digital Currencies
IncreaseDecreaseInDigitalCurrencies
|
5009691 | usd |
CY2023 | us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
|
4665 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
|
-195120 | usd |
CY2023 | us-gaap |
Increase Decrease In Other Deposits
IncreaseDecreaseInOtherDeposits
|
-32514 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Deposits
IncreaseDecreaseInOtherDeposits
|
1135088 | usd |
CY2023 | us-gaap |
Increase Decrease In Deposits
IncreaseDecreaseInDeposits
|
-499300 | usd |
CY2022 | us-gaap |
Increase Decrease In Deposits
IncreaseDecreaseInDeposits
|
-78147 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
237750 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
28702 | usd |
CY2023 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
162131 | usd |
CY2022 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
4731 | usd |
CY2023 | us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
318565 | usd |
CY2022 | us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
221253 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-3427959 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
55455 | usd |
CY2023 | us-gaap |
Payments For Deposits
PaymentsForDeposits
|
0 | usd |
CY2022 | us-gaap |
Payments For Deposits
PaymentsForDeposits
|
7763487 | usd |
CY2023 | intv |
Net Proceeds From The Sale Of Digital Currencies
NetProceedsFromTheSaleOfDigitalCurrencies
|
3552596 | usd |
CY2022 | intv |
Net Proceeds From The Sale Of Digital Currencies
NetProceedsFromTheSaleOfDigitalCurrencies
|
7462655 | usd |
CY2023 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
0 | usd |
CY2022 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
73575 | usd |
CY2023 | intv |
Purchase Of Digital Currencies
PurchaseOfDigitalCurrencies
|
306919 | usd |
CY2022 | intv |
Purchase Of Digital Currencies
PurchaseOfDigitalCurrencies
|
2098676 | usd |
CY2023 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
0 | usd |
CY2022 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
70000 | usd |
CY2023 | us-gaap |
Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
|
0 | usd |
CY2022 | us-gaap |
Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
|
135450 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
3245677 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2267633 | usd |
CY2023 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
0 | usd |
CY2022 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
118150 | usd |
CY2023 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
0 | usd |
CY2022 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
500000 | usd |
CY2023 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
50000 | usd |
CY2022 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
13229 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-50000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
604921 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-232282 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-1607257 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
490280 | usd |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2097537 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
257998 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
490280 | usd |
CY2023 | us-gaap |
Interest Paid
InterestPaid
|
50237 | usd |
CY2022 | us-gaap |
Interest Paid
InterestPaid
|
541 | usd |
CY2023 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | usd |
CY2022 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | usd |
CY2022 | intv |
Equipment Deposits Transferred To Property And Equipment
EquipmentDepositsTransferredToPropertyAndEquipment
|
11936497 | usd |
CY2023 | intv |
Common Stock Issued For Common Stock Payable
CommonStockIssuedForCommonStockPayable
|
0 | usd |
CY2022 | intv |
Common Stock Issued For Common Stock Payable
CommonStockIssuedForCommonStockPayable
|
5480000 | usd |
CY2023 | intv |
Accrued Preferred Stock Dividends
AccruedPreferredStockDividends
|
1194362 | usd |
CY2022 | intv |
Accrued Preferred Stock Dividends
AccruedPreferredStockDividends
|
550554 | usd |
CY2023 | intv |
Common Stock Issued In Debt Incentive
CommonStockIssuedInDebtIncentive
|
0 | usd |
CY2022 | intv |
Common Stock Issued In Debt Incentive
CommonStockIssuedInDebtIncentive
|
123200 | usd |
CY2023 | intv |
Conversion Of Series B Preferred Stock For Common Stock
ConversionOfSeriesBPreferredStockForCommonStock
|
1003 | usd |
CY2022 | intv |
Conversion Of Series B Preferred Stock For Common Stock
ConversionOfSeriesBPreferredStockForCommonStock
|
2474 | usd |
CY2023 | intv |
Deemed Dividend For Warrant Modification
DeemedDividendForWarrantModification
|
255374 | usd |
CY2022 | intv |
Deemed Dividend For Warrant Modification
DeemedDividendForWarrantModification
|
0 | usd |
CY2023 | intv |
Common Stock For Exercise Of Warrants
CommonStockForExerciseOfWarrants
|
234 | usd |
CY2022 | intv |
Common Stock For Exercise Of Warrants
CommonStockForExerciseOfWarrants
|
0 | usd |
CY2023 | intv |
Common Stock Issued For Accrued Dividends
CommonStockIssuedForAccruedDividends
|
293639 | usd |
CY2022 | intv |
Common Stock Issued For Accrued Dividends
CommonStockIssuedForAccruedDividends
|
0 | usd |
CY2023 | intv |
Accrued Compensation Repaid With Digital Currencies
AccruedCompensationRepaidWithDigitalCurrencies
|
272037 | usd |
CY2022 | intv |
Accrued Compensation Repaid With Digital Currencies
AccruedCompensationRepaidWithDigitalCurrencies
|
0 | usd |
CY2023 | intv |
Rounding Shares Due To Reverse Split
RoundingSharesDueToReverseSplit
|
4 | usd |
CY2022 | intv |
Rounding Shares Due To Reverse Split
RoundingSharesDueToReverseSplit
|
0 | usd |
CY2023 | intv |
Realized Gain Loss On Digital Currencies
RealizedGainLossOnDigitalCurrencies
|
19498 | usd |
CY2022 | intv |
Realized Gain Loss On Digital Currencies
RealizedGainLossOnDigitalCurrencies
|
181853 | usd |
CY2023 | intv |
Cryptocurrency Mining Revenues
CryptocurrencyMiningRevenues
|
3862849 | usd |
CY2022 | intv |
Cryptocurrency Mining Revenues
CryptocurrencyMiningRevenues
|
4871473 | usd |
CY2022 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-46999 | usd |
CY2023 | us-gaap |
Premiums Written Net
PremiumsWrittenNet
|
1197522 | usd |
CY2022 | us-gaap |
Premiums Written Net
PremiumsWrittenNet
|
154180 | usd |
CY2023 | intv |
Assets Impairment Expense
AssetsImpairmentExpense
|
5574363 | usd |
CY2022 | intv |
Assets Impairment Expense
AssetsImpairmentExpense
|
0 | usd |
CY2023Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
8908036 | usd |
CY2022Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
14969783 | usd |
CY2023 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">During the year ended June 30, 2023, there were no sales of cryptocurrency mining equipment. During the year ended June 30, 2022, one customer accounted for 72% of sales of cryptocurrency mining equipment and 18% of total revenues. A second customer accounted for 28% of sales of cryptocurrency mining revenues and 7% of total revenues.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">During the year ended June 30, 2022, substantially all cryptocurrency mining equipment, including those units with costs included in equipment deposits as of June 30, 2022, was purchased form one supplier.</p> | |
CY2023Q2 | intv |
Current Liabilities Exceeded Current Assets
CurrentLiabilitiesExceededCurrentAssets
|
2710289 | usd |
CY2023Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-73101867 | usd |
CY2023Q2 | intv |
Less Accumulated Depreciation And Amortization
LessAccumulatedDepreciationAndAmortization
|
-3608202 | usd |
CY2022Q2 | intv |
Less Accumulated Depreciation And Amortization
LessAccumulatedDepreciationAndAmortization
|
-1688399 | usd |
CY2023Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
5299834 | usd |
CY2022Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
13281384 | usd |
CY2023 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
3597346 | usd |
CY2022 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1617032 | usd |
CY2023 | intv |
Gain Loss Wrote Off Non Serviceable Defective Mining Equipment
GainLossWroteOffNonServiceableDefectiveMiningEquipment
|
1197522 | usd |
CY2022 | intv |
Gain Loss Wrote Off Non Serviceable Defective Mining Equipment
GainLossWroteOffNonServiceableDefectiveMiningEquipment
|
154180 | usd |
CY2023 | intv |
Assets Impairment Expense
AssetsImpairmentExpense
|
5574363 | usd |
CY2022 | intv |
Assets Impairment Expense
AssetsImpairmentExpense
|
0 | usd |
CY2021Q2 | us-gaap |
Concentration Risk Benchmark Description
ConcentrationRiskBenchmarkDescription
|
12 equal batches of 400 units, starting in August 2021 and through July 2022 | |
CY2021Q2 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
34047600 | usd |
CY2021Q2 | us-gaap |
Long Term Purchase Commitment Description
LongTermPurchaseCommitmentDescription
|
The total purchase price is payable as follows: (i) 25% of the total purchase price is due upon the execution of the Agreement or no later than April 19, 2021; (ii) 35% of the total purchase price, is due by May 30, 2021; and (iii) the remaining 40% of the total purchase price, is payable monthly starting in June 2021 | |
CY2023Q2 | intv |
Equipment Deposits
EquipmentDeposits
|
0 | usd |
CY2022Q2 | intv |
Equipment Deposits
EquipmentDeposits
|
2355167 | usd |
CY2023 | intv |
Description Of Compensastion
DescriptionOfCompensastion
|
Effective July 1, 2022, the Board of Directors agreed to update Mr. Rubakh’s compensation setting his annual salary at $250,000 with a quarterly bonus of $50,000 and 50,000 shares of Series B preferred stock | |
CY2023 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
15247500 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2438900 | usd |
CY2023 | intv |
Agreement Term
AgreementTerm
|
P36M | |
CY2023 | intv |
Power Expense Durinng The Year
PowerExpenseDurinngTheYear
|
429678 | usd |
CY2022 | intv |
Power Expense Durinng The Year
PowerExpenseDurinngTheYear
|
96592 | usd |
CY2023 | us-gaap |
Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
|
50000 | shares |
CY2023Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
6000000 | shares |
CY2023Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2023 | intv |
Description Of Increment In Authorized Common Stock Shares
DescriptionOfIncrementInAuthorizedCommonStockShares
|
On July 27, 2023, the Board of Directors of the Company approved a resolution to increase the number of authorized common shares to 300,000,000 | |
CY2023Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
2864492 | shares |
CY2022Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
1657973 | shares |
CY2023 | intv |
Issued Shares Due To Rounding From The Reverse Split
IssuedSharesDueToRoundingFromTheReverseSplit
|
3894 | shares |
CY2023 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
88000 | shares |
CY2023 | intv |
Number Of Warrants Exercise
NumberOfWarrantsExercise
|
88000 | shares |
CY2023 | intv |
Gain Loss On Exercise Of Warrant
GainLossOnExerciseOfWarrant
|
-11000 | usd |
CY2021Q2 | intv |
Warrants Issued Upon Purchase Of Common Stock
WarrantsIssuedUponPurchaseOfCommonStock
|
30000000 | shares |
CY2022Q3 | intv |
Dividend Due
DividendDue
|
162037 | usd |
CY2023 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
234215 | shares |
CY2023 | intv |
Cash Less Exercise Of Warrants
CashLessExerciseOfWarrants
|
240000 | shares |
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
|
328000 | shares |
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
37.50 | |
CY2023 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P3Y8M19D | |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
|
322214 | shares |
CY2023 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0.13 | |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Forfeitures And Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeituresAndExpirations
|
5786 | shares |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
|
0.13 | |
CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0 | |
CY2023Q2 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
7478174 | usd |
CY2023 | intv |
Expiration Year
ExpirationYear
|
through the year 2041 | |
CY2023 | srt |
Federal Funds Purchased Average Rate Paid
FederalFundsPurchasedAverageRatePaid
|
0.21 | pure |
CY2023 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-5346593 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-118758 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
213839 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
-248245 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
|
4902074 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
|
556524 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
|
0 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
|
0 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-230680 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-189521 | usd |
CY2023 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2023Q2 | us-gaap |
Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
|
1570417 | usd |
CY2022Q2 | us-gaap |
Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
|
688131 | usd |
CY2023Q2 | intv |
Accumulated Depreciation On Deferred Tax Assets
AccumulatedDepreciationOnDeferredTaxAssets
|
-1112965 | usd |
CY2022Q2 | intv |
Accumulated Depreciation On Deferred Tax Assets
AccumulatedDepreciationOnDeferredTaxAssets
|
0 | usd |
CY2023Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
457452 | usd |
CY2022Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
688131 | usd |
CY2023Q2 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | usd |
CY2022Q2 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | usd |
CY2023 | intv |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowances
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowances
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1 | pure |