2023 Q2 Form 20-F Financial Statement

#000141057823000790 Filed on April 25, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2022 Q4 2022
Revenue $246.2K $860.0K $863.4K
YoY Change -68.43% 29.48% 28.84%
Cost Of Revenue $693.4K $1.380M $1.381M
YoY Change -46.25% 96.39% 96.48%
Gross Profit -$447.2K -$520.0K -$517.2K
YoY Change -12.32% 1250.3% 1490.78%
Gross Profit Margin -181.6% -60.47% -59.9%
Selling, General & Admin $1.404M $2.190M $2.191M
YoY Change 12.32% 48.84% -78.83%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $449.4K $30.00K
YoY Change
% of Gross Profit
Operating Expenses $1.404M $2.200M $5.368M
YoY Change 11.43% 49.52% -48.14%
Operating Profit -$1.851M -$2.720M -$5.885M
YoY Change 4.58% 80.15% -43.32%
Interest Expense -$568.1K $10.00K $10.00K
YoY Change 12400.0% 825.93%
% of Operating Profit
Other Income/Expense, Net $70.00 $0.00 $1.248K
YoY Change -100.0% -98.97%
Pretax Income -$2.579M -$5.880M -$5.880M
YoY Change 8.81% 90.61% -52.53%
Income Tax -$190.00 -$250.0K -$248.7K
% Of Pretax Income
Net Earnings -$2.579M -$5.630M -$5.600M
YoY Change 8.8% 81.2% -73.01%
Net Earnings / Revenue -1047.17% -654.65% -648.57%
Basic Earnings Per Share -$0.39
Diluted Earnings Per Share -$0.06 $0.00 -$0.39
COMMON SHARES
Basic Shares Outstanding 46.54M 14.44M
Diluted Shares Outstanding 14.44M

Balance Sheet

Concept 2023 Q2 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.88M $7.400M $7.400M
YoY Change 7841.72% 1579.38% 1579.38%
Cash & Equivalents $13.58M $7.447M $7.400M
Short-Term Investments $2.306M
Other Short-Term Assets $33.70K $0.00 $0.00
YoY Change -100.0% -100.0%
Inventory
Prepaid Expenses
Receivables $0.00 $0.00
Other Receivables $10.93K $0.00
Total Short-Term Assets $15.94M $7.516M $7.500M
YoY Change 7871.61% 331.51% 330.56%
LONG-TERM ASSETS
Property, Plant & Equipment $6.227M $5.961M $6.800M
YoY Change
Goodwill
YoY Change
Intangibles $4.233M
YoY Change -41.83%
Long-Term Investments $160.0K
YoY Change
Other Assets $3.429M $300.0K $300.0K
YoY Change
Total Long-Term Assets $14.14M $11.38M $11.40M
YoY Change 91.02% 38.78% 39.07%
TOTAL ASSETS
Total Short-Term Assets $15.94M $7.516M $7.500M
Total Long-Term Assets $14.14M $11.38M $11.40M
Total Assets $30.08M $18.89M $18.90M
YoY Change 295.77% 90.09% 90.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $0.00 $22.08K $0.00
YoY Change
Accrued Expenses $641.6K $500.0K $300.0K
YoY Change 541.58% 128.9% 426.41%
Deferred Revenue $80.00K
YoY Change
Short-Term Debt $9.000M $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $10.59M $1.430M $1.400M
YoY Change 959.11% 4.21% 2.04%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $461.4K $600.0K $600.0K
YoY Change
Total Long-Term Liabilities $461.4K $634.5K $600.0K
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $10.59M $1.430M $1.400M
Total Long-Term Liabilities $461.4K $634.5K $600.0K
Total Liabilities $11.05M $2.064M $2.100M
YoY Change 1005.25% 50.46% 53.06%
SHAREHOLDERS EQUITY
Retained Earnings -$667.0M
YoY Change 0.8%
Common Stock $140.7K
YoY Change 184.84%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $19.03M $16.83M $16.80M
YoY Change
Total Liabilities & Shareholders Equity $30.08M $18.89M $18.90M
YoY Change 295.77% 90.09% 90.16%

Cashflow Statement

Concept 2023 Q2 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$2.579M -$5.630M -$5.600M
YoY Change 8.8% 81.2% -73.01%
Depreciation, Depletion And Amortization $449.4K $30.00K
YoY Change
Cash From Operating Activities -$1.510M -$582.4K
YoY Change -85.46%
INVESTING ACTIVITIES
Capital Expenditures $3.000M $7.222K
YoY Change -223.24%
Acquisitions
YoY Change
Other Investing Activities -$2.660M -$30.00K
YoY Change -101.15%
Cash From Investing Activities -$5.660M -$32.22K
YoY Change -101.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $7.900M
YoY Change 1007.91%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 13.30M 7.720M
YoY Change 360.59%
NET CHANGE
Cash From Operating Activities -1.510M -582.4K
Cash From Investing Activities -5.660M -32.22K
Cash From Financing Activities 13.30M 7.720M
Net Change In Cash 6.130M 7.097M
YoY Change 2576.49%
FREE CASH FLOW
Cash From Operating Activities -$1.510M -$582.4K
Capital Expenditures $3.000M $7.222K
Free Cash Flow -$4.510M -$589.6K
YoY Change -85.26%

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CY2021 us-gaap Earnings Per Share Basic
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EarningsPerShareBasic
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EarningsPerShareDiluted
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CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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NetIncomeLoss
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CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2020 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2022 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2021 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2020 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2022 us-gaap Stock Issued During Period Value Acquisitions
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CY2022 mfh Increase Or Decrease In Equity Foreign Currency Translation Adjustments
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2021 us-gaap Net Income Loss
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CY2021 mfh Increase Or Decrease In Equity Foreign Currency Translation Adjustments
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CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2020 us-gaap Stock Issued During Period Value Acquisitions
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CY2020 us-gaap Stock Issued During Period Value New Issues
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CY2020 us-gaap Net Income Loss
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CY2020 mfh Settlement Amount Of Share Options Exercised With Shares Held By Depository Bank
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CY2021 us-gaap Profit Loss
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CY2020 us-gaap Profit Loss
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CY2022 mfh Net Income Loss From Discontinued Operations
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CY2021 mfh Net Income Loss From Discontinued Operations
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CY2020 mfh Net Income Loss From Discontinued Operations
NetIncomeLossFromDiscontinuedOperations
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CY2022 us-gaap Income Loss From Continuing Operations
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CY2021 us-gaap Income Loss From Continuing Operations
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CY2020 us-gaap Income Loss From Continuing Operations
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CY2022 us-gaap Provision For Doubtful Accounts
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CY2021 us-gaap Provision For Doubtful Accounts
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CY2020 us-gaap Provision For Doubtful Accounts
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CY2022 us-gaap Asset Impairment Charges
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CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
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CY2020 us-gaap Asset Impairment Charges
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CY2022 us-gaap Depreciation And Amortization
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CY2021 us-gaap Depreciation And Amortization
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CY2020 us-gaap Depreciation And Amortization
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CY2020 mfh Increase Decrease In Digital Assets Received As Payment
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CY2022 mfh Increase Decrease In Digital Assets Used To Pay Expenses
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CY2021 mfh Increase Decrease In Digital Assets Used To Pay Expenses
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CY2020 mfh Increase Decrease In Digital Assets Used To Pay Expenses
IncreaseDecreaseInDigitalAssetsUsedToPayExpenses
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CY2022 mfh Increase Decrease In Disposal Of Digital Assets
IncreaseDecreaseInDisposalOfDigitalAssets
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CY2021 mfh Increase Decrease In Disposal Of Digital Assets
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CY2020 mfh Increase Decrease In Disposal Of Digital Assets
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CY2022 us-gaap Increase Decrease In Accounts Receivable
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CY2021 us-gaap Increase Decrease In Accounts Receivable
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CY2020 us-gaap Increase Decrease In Accounts Receivable
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CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2022 mfh Increase Decrease In Right Of Use Assets
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CY2021 mfh Increase Decrease In Right Of Use Assets
IncreaseDecreaseInRightOfUseAssets
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CY2020 mfh Increase Decrease In Right Of Use Assets
IncreaseDecreaseInRightOfUseAssets
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CY2022 mfh Increase Decrease In Deferred Tax Assets
IncreaseDecreaseInDeferredTaxAssets
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CY2021 mfh Increase Decrease In Deferred Tax Assets
IncreaseDecreaseInDeferredTaxAssets
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CY2020 mfh Increase Decrease In Deferred Tax Assets
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CY2022 us-gaap Increase Decrease In Accounts Payable
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CY2021 us-gaap Increase Decrease In Accounts Payable
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CY2020 us-gaap Increase Decrease In Accounts Payable
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CY2022 us-gaap Increase Decrease In Contract With Customer Liability
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80000
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
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CY2020 us-gaap Increase Decrease In Contract With Customer Liability
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CY2022 us-gaap Increase Decrease In Accrued Liabilities
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CY2021 us-gaap Increase Decrease In Accrued Liabilities
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CY2020 us-gaap Increase Decrease In Accrued Liabilities
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CY2022 us-gaap Increase Decrease In Operating Lease Liability
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CY2021 us-gaap Increase Decrease In Operating Lease Liability
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CY2020 us-gaap Increase Decrease In Operating Lease Liability
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2020 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2022 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
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CY2021 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
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CY2020 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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CY2020 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022 us-gaap Payments To Acquire Property Plant And Equipment
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CY2021 us-gaap Payments To Acquire Property Plant And Equipment
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CY2020 us-gaap Payments To Acquire Property Plant And Equipment
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CY2022 us-gaap Payments To Fund Longterm Loans To Related Parties
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CY2021 us-gaap Payments To Fund Longterm Loans To Related Parties
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CY2020 us-gaap Payments To Fund Longterm Loans To Related Parties
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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CY2020 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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CY2022 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
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CY2021 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
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CY2020 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
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144
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2020 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Proceeds From Issuance Of Common Stock
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CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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CY2020 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
300000
CY2022 us-gaap Proceeds From Issuance Of Debt
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400000
CY2021 us-gaap Proceeds From Issuance Of Debt
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CY2020 us-gaap Proceeds From Issuance Of Debt
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CY2022 us-gaap Repayments Of Debt
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CY2021 us-gaap Repayments Of Debt
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CY2020 us-gaap Repayments Of Debt
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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7720425
CY2021 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
1555784
CY2020 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
300000
CY2022 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
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CY2021 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
120419
CY2020 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
7720425
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1676203
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
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CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
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CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
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CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7537873
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
440636
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
142557
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
0
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
174783
CY2022 us-gaap Interest Paid Net
InterestPaidNet
0
CY2021 us-gaap Interest Paid Net
InterestPaidNet
0
CY2020 us-gaap Interest Paid Net
InterestPaidNet
4
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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CY2021Q4 us-gaap Other Assets Noncurrent
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CY2021Q4 us-gaap Assets
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CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2021Q4 us-gaap Stockholders Equity
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CY2021Q4 us-gaap Liabilities And Stockholders Equity
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CY2021 us-gaap Provision For Doubtful Accounts
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CY2021 us-gaap Gain Loss On Disposition Of Intangible Assets
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CY2021 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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CY2021 us-gaap Operating Expenses
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CY2021 us-gaap Operating Income Loss
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
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CY2021 us-gaap Net Income Loss
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CY2021 us-gaap Net Income Loss
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CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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7647639
CY2021 us-gaap Profit Loss
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CY2021 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
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-13305382
CY2021 us-gaap Provision For Doubtful Accounts
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1750909
CY2021 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
1292568
CY2021 mfh Increase Decrease In Digital Assets Generated From Mining Business
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-664307
CY2021 mfh Increase Decrease In Digital Assets Received As Payment
IncreaseDecreaseInDigitalAssetsReceivedAsPayment
-5864
CY2021 mfh Increase Decrease In Digital Assets Used To Pay Expenses
IncreaseDecreaseInDigitalAssetsUsedToPayExpenses
2141375
CY2021 mfh Increase Decrease In Disposal Of Digital Assets
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325987
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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1105481
CY2021 us-gaap Increase Decrease In Accrued Liabilities
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-184429
CY2021 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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-1024252
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1411029
CY2020 mfh Increase Decrease In Digital Assets Received As Payment
IncreaseDecreaseInDigitalAssetsReceivedAsPayment
-17863
CY2020 mfh Increase Decrease In Digital Assets Used To Pay Expenses
IncreaseDecreaseInDigitalAssetsUsedToPayExpenses
6924
CY2020 mfh Increase Decrease In Disposal Of Digital Assets
IncreaseDecreaseInDisposalOfDigitalAssets
647
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
144
CY2022Q4 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
400
CY2022Q4 mfh Share Consolidation Par Value Per Share
ShareConsolidationParValuePerShare
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CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5634971
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-21665704
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1651273
CY2022 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;"><span style="font-style:italic;font-weight:bold;">Reclassification</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">Certain prior year amounts have been reclassified to conform to the current period presentation. These reclassifications had no impact on net earnings and financial position.</p>
CY2021 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
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-13305382
CY2020 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-693318
CY2021 us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic
-8360322
CY2020 us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic
-957955
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14435674
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9720934
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6689704
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14435674
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9720934
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6689704
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.39
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.23
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.25
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.39
CY2021 us-gaap Earnings Per Share Diluted
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1291784
CY2022 mfh Description Of Emerging Growth Company
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As a company with less than US$1 billion in gross revenue for the last fiscal year, we qualify as an “emerging growth company” (“EGC”) pursuant to the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”).
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0.023
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33909
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57300
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10925
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0
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3578
CY2022Q4 mfh Prepaid For Rental Fees Of Bitcoin Shared Mining Machine Mine Site And Electricity
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0
CY2022Q4 us-gaap Property Plant And Equipment Gross
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5990122
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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28949
CY2022Q4 us-gaap Property Plant And Equipment Net
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CY2022Q4 mfh Finite Lived Intangible Assets Accumulated Impairment
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4057762
CY2021Q4 mfh Finite Lived Intangible Assets Accumulated Impairment
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919573
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
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4233228
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7277717
CY2022Q4 mfh Value Of Cryptocurrencies Held
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2003332
CY2021Q4 mfh Intangible Assets Excluding Goodwill
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7277717
CY2020Q4 mfh Intangible Assets Excluding Goodwill
IntangibleAssetsExcludingGoodwill
383289
CY2022 mfh Intangible Assets Excluding Goodwill Payments Received
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315028
CY2021 mfh Intangible Assets Excluding Goodwill Payments Received
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10000363
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0
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0
CY2022 mfh Intangible Assets Excluding Goodwill Mining Out
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783438
CY2021 mfh Intangible Assets Excluding Goodwill Mining Out
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664307
CY2022 mfh Intangible Assets Excluding Goodwill Payments Made
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0
CY2021 mfh Intangible Assets Excluding Goodwill Payments Made
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2141375
CY2022 us-gaap Indefinite Lived Intangible Assets Written Off Related To Sale Of Business Unit
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998902
CY2021 us-gaap Indefinite Lived Intangible Assets Written Off Related To Sale Of Business Unit
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336299
CY2022 mfh Impairment Of Intangible Asset Finite Lived
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-3144053
CY2021 mfh Impairment Of Intangible Asset Finite Lived
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-1292568
CY2022Q4 mfh Intangible Assets Excluding Goodwill
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4233228
CY2021Q4 mfh Intangible Assets Excluding Goodwill
IntangibleAssetsExcludingGoodwill
7277717
CY2021 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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1292568
CY2022 mfh Book Value Of Bitcoins
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3944808
CY2022 mfh Book Value Of Bitcoins Transferred To Other Unknown Wallets
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3469762
CY2022 us-gaap Deferred Income Tax Expense Benefit
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251004
CY2022 us-gaap Income Tax Expense Benefit
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-248711
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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-259753
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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451
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense
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134183
CY2022 mfh Effective Income Tax Rate Reconciliation Current Losses Unrecognized Deferred Income Tax Amount
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43478
CY2022Q4 us-gaap Employee Related Liabilities Current
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62311
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56989
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22075
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0
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80000
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0
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69552
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157643
CY2022Q4 us-gaap Accrued Income Taxes Current
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2294
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0
CY2022Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
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258
CY2021Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
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3635
CY2021Q4 us-gaap Other Liabilities Current
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170
CY2022Q4 us-gaap Accrued Liabilities And Other Liabilities
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236490
CY2021Q4 us-gaap Accrued Liabilities And Other Liabilities
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218437
CY2022 us-gaap Current Income Tax Expense Benefit
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-2293
CY2022 us-gaap Income Tax Reconciliation Prior Year Income Taxes
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-6632
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-133399
CY2022 mfh Effective Income Tax Rate Reconciliation Change In Valuation Allowance In Prior Period Amount
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-27039
CY2022 us-gaap Income Tax Expense Benefit
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-248711
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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90567
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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160438
CY2022Q4 us-gaap Deferred Tax Assets Net
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251005
CY2022Q4 mfh Operating Lease Right Of Use Asset Before Accumulated Amortization
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873878
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
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873878
CY2022Q4 us-gaap Operating Lease Liability Current
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269675
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
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634457
CY2022Q4 us-gaap Operating Lease Liability
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904132
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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309945
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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375940
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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288594
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
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974479
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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70347
CY2022Q4 us-gaap Operating Lease Liability
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904132
CY2020Q2 us-gaap Stock Issued During Period Shares New Issues
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90000000
CY2020Q2 us-gaap Proceeds From Issuance Of Private Placement
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300000
CY2021Q1 mfh Shares Issued And Transferred To Depositary Bank
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394200000
CY2021Q3 us-gaap Stock Issued During Period Shares New Issues
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571428570
CY2021Q3 mfh Number Of Investors
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3
CY2021Q3 mfh Shares Issued And Transferred To Depositary Bank
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399999960
CY2021Q4 us-gaap Stock Issued During Period Shares New Issues
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571428570
CY2021Q4 mfh Number Of Investors
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3
CY2022Q4 us-gaap Stock Issued During Period Shares New Issues
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2423076922
CY2022Q4 mfh Number Of Investors
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3
CY2022Q4 us-gaap Proceeds From Issuance Of Private Placement
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3150000
CY2022Q4 us-gaap Stock Issued During Period Shares Issued For Services
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CY2022Q4 us-gaap Stock Issued During Period Shares New Issues
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CY2022Q4 mfh Number Of Investors
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2
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CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2022Q4 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
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400
CY2022Q4 mfh Share Consolidation Par Value Per Share
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0.004
CY2022Q4 mfh American Depositary Receipts Share Ratio
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360
CY2022Q4 mfh American Depositary Receipts Share Ratio
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1
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
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0
CY2020 mfh Lessee Operating Leases Rent Expense Net
LesseeOperatingLeasesRentExpenseNet
18589
CY2021 mfh Lessee Operating Leases Rent Expense Net
LesseeOperatingLeasesRentExpenseNet
101508
CY2022 mfh Lessee Operating Leases Rent Expense Net
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125242
CY2022 mfh Appropriation Of After Tax Profit Required Minimum Percentage
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0.10
CY2022 mfh Appropriation Of After Tax Profit Required Minimum Percentage
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0.10
CY2022 mfh Appropriation Of After Tax Profit To Reserve Fund Statutory Requirement Limit Registered Capital Percentage
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0.50
CY2021 mfh Appropriation Of After Tax Profit To Reserve Fund Statutory Requirement Limit Registered Capital Percentage
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0.50
CY2022 mfh Appropriation Of After Tax Profit To Reserve Fund Statutory Requirement Limit Registered Capital Percentage
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0.50
CY2021 mfh Appropriation Of After Tax Profit Required Minimum Percentage
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0.10
CY2022 mfh Appropriation Of After Tax Profit Required Minimum Percentage
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0.10
CY2021Q4 mfh Amount Of Statutory Reserves
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0
CY2022Q4 mfh Amount Of Statutory Reserves
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0
CY2022Q4 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
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400
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0.004
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250000
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62500000
CY2022Q4 mfh Share Consolidation Par Value Per Share
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0.004
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360
CY2022Q4 mfh American Depositary Receipts Share Ratio
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1
CY2022Q4 mfh Expected Per Share Amount Receivable To Adr Holders Immediately Before Effective Date
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0.9
CY2022Q4 mfh Increase In Opening Price Of Adr Post Share Consolidation And Mandatory Exchange
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1

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