2022 Q4 Form 10-Q Financial Statement

#000149315222032162 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $124.0K $146.0K $244.0K
YoY Change 21.57% -40.16% 59.48%
Cost Of Revenue $33.00K $224.0K $264.0K
YoY Change -78.71% -15.15% -22.12%
Gross Profit $91.00K -$78.00K -$20.00K
YoY Change -271.7% 290.0% -89.25%
Gross Profit Margin 73.39% -53.42% -8.2%
Selling, General & Admin $558.0K $394.0K $313.0K
YoY Change 7.93% 25.88% -19.74%
% of Gross Profit 613.19%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $49.00K $50.00K $169.0K
YoY Change -61.42% -70.41% -30.74%
% of Gross Profit 53.85%
Operating Expenses $558.0K $618.0K $313.0K
YoY Change 7.93% 97.44% -19.74%
Operating Profit -$467.0K -$472.0K -$333.0K
YoY Change -18.07% 41.74% -42.19%
Interest Expense $12.46M $5.000K -$153.0K
YoY Change 4398.19% -103.27% 1175.0%
% of Operating Profit
Other Income/Expense, Net -$6.000K -$15.94M -$306.0K
YoY Change -101.53% 5110.46% -357.14%
Pretax Income $11.92M -$16.42M -$374.0K
YoY Change 14617.28% 4289.3% -36.82%
Income Tax
% Of Pretax Income
Net Earnings $11.92M -$16.42M -$374.0K
YoY Change 14617.28% 4289.3% -36.82%
Net Earnings / Revenue 9613.71% -11243.84% -153.28%
Basic Earnings Per Share -$0.02 $0.00
Diluted Earnings Per Share $0.02 -$24.20K -$652.10
COMMON SHARES
Basic Shares Outstanding 703.8M shares 683.8M shares 573.5M shares
Diluted Shares Outstanding 678.4M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $538.0K $1.251M $1.257M
YoY Change -56.26% -0.48% 20850.0%
Cash & Equivalents $538.0K $1.251M $1.257M
Short-Term Investments
Other Short-Term Assets $15.00K $17.00K $200.0K
YoY Change -88.0% -91.5% 212.5%
Inventory
Prepaid Expenses
Receivables $35.00K
Other Receivables $0.00 $0.00
Total Short-Term Assets $553.0K $1.303M $1.457M
YoY Change -63.97% -10.57% 1981.43%
LONG-TERM ASSETS
Property, Plant & Equipment $1.098M $1.151M $1.243M
YoY Change -10.66% -7.4% -48.76%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $50.00K
YoY Change -100.0%
Other Assets $3.000K $6.000K $3.000K
YoY Change 0.0% 100.0% -97.56%
Total Long-Term Assets $1.101M $1.239M $1.246M
YoY Change -17.65% -0.56% -51.12%
TOTAL ASSETS
Total Short-Term Assets $553.0K $1.303M $1.457M
Total Long-Term Assets $1.101M $1.239M $1.246M
Total Assets $1.654M $2.542M $2.703M
YoY Change -42.41% -5.96% 3.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.00K $509.0K $91.00K
YoY Change -94.79% 459.34% -92.73%
Accrued Expenses $115.0K $21.00K $149.0K
YoY Change -17.86% -85.91% -12.35%
Deferred Revenue $30.00K
YoY Change
Short-Term Debt $200.0K $15.00K $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.388M $18.18M $2.281M
YoY Change 212.17% 696.93% 60.41%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $0.00 $19.00K $9.000K
YoY Change -100.0% 111.11% -76.92%
Total Long-Term Liabilities $0.00 $19.00K $9.000K
YoY Change -100.0% 111.11% -94.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.388M $18.18M $2.281M
Total Long-Term Liabilities $0.00 $19.00K $9.000K
Total Liabilities $5.388M $18.20M $2.290M
YoY Change 209.12% 694.63% 45.67%
SHAREHOLDERS EQUITY
Retained Earnings -$425.9M -$437.8M
YoY Change 1.42%
Common Stock $704.0K $704.0K
YoY Change 15.98%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$3.734M -$15.66M $413.0K
YoY Change
Total Liabilities & Shareholders Equity $1.654M $2.542M $2.703M
YoY Change -42.41% -5.96% 3.21%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income $11.92M -$16.42M -$374.0K
YoY Change 14617.28% 4289.3% -36.82%
Depreciation, Depletion And Amortization $49.00K $50.00K $169.0K
YoY Change -61.42% -70.41% -30.74%
Cash From Operating Activities -$713.0K -$554.0K -$716.0K
YoY Change -467.53% -22.63% 276.84%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 -$41.00K
YoY Change -100.0% -100.0% 720.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $285.0K
YoY Change -100.0% -100.0% 103.57%
Cash From Investing Activities $0.00 $0.00 $244.0K
YoY Change -100.0% -100.0% 80.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $990.0K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 1.492M 990.0K
YoY Change 50.71% 32900.0%
NET CHANGE
Cash From Operating Activities -713.0K -554.0K -716.0K
Cash From Investing Activities 0.000 0.000 244.0K
Cash From Financing Activities 0.000 1.492M 990.0K
Net Change In Cash -713.0K 938.0K 518.0K
YoY Change 2540.74% 81.08% -1096.15%
FREE CASH FLOW
Cash From Operating Activities -$713.0K -$554.0K -$716.0K
Capital Expenditures $0.00 $0.00 -$41.00K
Free Cash Flow -$713.0K -$554.0K -$675.0K
YoY Change -295.34% -17.93% 264.86%

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WeightedAverageNumberOfSharesOutstandingBasic
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CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q1 MGTI Cashless Exercise Of Warrants And Extinguishment Of Related Warrant Derivative Additional Paid In Capital Liability
CashlessExerciseOfWarrantsAndExtinguishmentOfRelatedWarrantDerivativeAdditionalPaidInCapitalLiability
588000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
199000 usd
CY2022Q2 MGTI Cashless Exercise Of Warrants And Extinguishment Of Related Warrant Derivative Additional Paid In Capital Liability
CashlessExerciseOfWarrantsAndExtinguishmentOfRelatedWarrantDerivativeAdditionalPaidInCapitalLiability
200000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
35000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
434000 usd
CY2022Q3 MGTI Stock Issued During Period Value Issuance Of Common Stock And Warrants
StockIssuedDuringPeriodValueIssuanceOfCommonStockAndWarrants
127000 usd
CY2022Q3 MGTI Cashless Exercise Of Warrants And Extinguishment Of Related Warrant Derivative Additional Paid In Capital Liability
CashlessExerciseOfWarrantsAndExtinguishmentOfRelatedWarrantDerivativeAdditionalPaidInCapitalLiability
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CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
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StockholdersEquity
-15655000 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
491000 usd
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
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CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
910000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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NetIncomeLoss
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CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
482000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
482000 usd
CY2021Q3 MGTI Stock Issued During Period Value Issuance Of Common Stock And Warrants
StockIssuedDuringPeriodValueIssuanceOfCommonStockAndWarrants
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CY2021Q3 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
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CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Depreciation
Depreciation
147000 usd
us-gaap Depreciation
Depreciation
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us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
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MGTI Loss On Settlement Of Debt
LossOnSettlementOfDebt
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MGTI Gain Loss On Change In Change In Fair Value Of Warrant Derivative Liability
GainLossOnChangeInChangeInFairValueOfWarrantDerivativeLiability
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MGTI Gain Loss On Change In Change In Fair Value Of Warrant Derivative Liability
GainLossOnChangeInChangeInFairValueOfWarrantDerivativeLiability
451000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
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us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-79000 usd
MGTI Gain Loss On Settlement Of Derivative
GainLossOnSettlementOfDerivative
-757000 usd
MGTI Amortization Of Note Discount
AmortizationOfNoteDiscount
5339000 usd
MGTI Amortization Of Note Discount
AmortizationOfNoteDiscount
526000 usd
MGTI Gain On Settlement Of Payables
GainOnSettlementOfPayables
675000 usd
MGTI Nonoperating Expense
NonoperatingExpense
306000 usd
MGTI Noncash Interest Expense
NoncashInterestExpense
270000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-145000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-113000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
190000 usd
us-gaap Increase Decrease In Intangible Assets Current
IncreaseDecreaseInIntangibleAssetsCurrent
5000 usd
us-gaap Increase Decrease In Intangible Assets Current
IncreaseDecreaseInIntangibleAssetsCurrent
-4000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
3000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-120000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
1000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-1000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
336000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-495000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-95000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-52000 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
33000 usd
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
-140000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1436000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1354000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
41000 usd
MGTI Payments For Proceeds From Property And Equipment
PaymentsForProceedsFromPropertyAndEquipment
68000 usd
MGTI Payments For Proceeds From Property And Equipment
PaymentsForProceedsFromPropertyAndEquipment
-426000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-68000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
385000 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1335000 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1000000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
228000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
990000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
71000 usd
MGTI Proceeds From Loans Payable
ProceedsFromLoansPayable
33000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1525000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1990000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
21000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1021000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1230000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
236000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1251000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1257000 usd
us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
230000 usd
MGTI Exchange Of Notes Payable To Warrants
ExchangeOfNotesPayableToWarrants
1210000 usd
MGTI Cashless Exercise Of Warrants And Extinguishment Of Related Warrant Derivative Liability
CashlessExerciseOfWarrantsAndExtinguishmentOfRelatedWarrantDerivativeLiability
988000 usd
MGTI Discount Related To Convertible Promissory Note
DiscountRelatedToConvertiblePromissoryNote
1500000 usd
MGTI Derivative Liabilities Related To Convertible Debt And Warrants
DerivativeLiabilitiesRelatedToConvertibleDebtAndWarrants
6761000 usd
MGTI Accounts Payable Settled With Loan Payable
AccountsPayableSettledWithLoanPayable
38000 usd
CY2022Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-437827000 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1251000 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_846_eus-gaap--UseOfEstimates_zhEQJe8fOdTj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="text-decoration: underline"><span id="xdx_86F_z7BHKLDodBU4">Use of estimates and assumptions and critical accounting estimates and assumptions</span></span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the financial statements, and also affect the amounts of revenues and expenses reported for each period. Actual results could differ from those which result from using such estimates. Management utilizes various other estimates, including but not limited to determining the estimated lives of long-lived assets, stock compensation, determining the potential impairment of long-lived assets, the fair value of conversion features, fair value of warrants issued, the recognition of revenue, the valuation allowance for deferred tax assets and other legal claims and contingencies. The results of any changes in accounting estimates are reflected in the financial statements in the period in which the changes become evident. Estimates and assumptions are reviewed periodically, and the effects of revisions are reflected in the period that they are determined to be necessary.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1251000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1230000 usd
CY2022Q3 us-gaap Cash Uninsured Amount
CashUninsuredAmount
750000 usd
CY2021Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
980000 usd
CY2021 MGTI Derivative Liability Change In Fair Value
DerivativeLiabilityChangeInFairValue
79000 usd
CY2021Q4 MGTI Warrant Derivative Liability
WarrantDerivativeLiability
1130000 usd
CY2022Q1 MGTI Transfer Out Upon Exercise Of Warrants
TransferOutUponExerciseOfWarrants
-171000 usd
CY2022Q1 MGTI Change In Fair Value Of Warrant Liability
ChangeInFairValueOfWarrantLiability
407000 usd
CY2022Q1 MGTI Warrant Derivative Liability
WarrantDerivativeLiability
1366000 usd
CY2022Q2 MGTI Transfer Out Upon Exercise Of Warrants
TransferOutUponExerciseOfWarrants
-38000 usd
CY2022Q2 MGTI Change In Fair Value Of Warrant Liability
ChangeInFairValueOfWarrantLiability
-999000 usd
CY2022Q2 MGTI Warrant Derivative Liability
WarrantDerivativeLiability
329000 usd
CY2020Q4 us-gaap Intangible Assets Current
IntangibleAssetsCurrent
4000 usd
CY2021 MGTI Additions Of Digital Currencies From Mining
AdditionsOfDigitalCurrenciesFromMining
686000 usd
CY2021 MGTI Realized Gain On Sale Of Digital Currencies
RealizedGainOnSaleOfDigitalCurrencies
1000 usd
CY2021 MGTI Sale Of Digital Currencies
SaleOfDigitalCurrencies
-691000 usd
MGTI Additions Of Digital Currencies From Mining
AdditionsOfDigitalCurrenciesFromMining
152000 usd
MGTI Realized Gain On Sale Of Digital Currencies
RealizedGainOnSaleOfDigitalCurrencies
-2000 usd
MGTI Sale Of Digital Currencies
SaleOfDigitalCurrencies
-145000 usd
CY2022Q3 us-gaap Intangible Assets Current
IntangibleAssetsCurrent
5000 usd
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_84E_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zX3NgLXw2pL4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="text-decoration: underline"><span id="xdx_865_zqCEwMlcYawf">Reclassification</span></span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><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 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain prior years balances have been reclassified to conform to current year presentation. These reclassifications had no effect on the reported results of operations.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q3 MGTI Transfer In Due To Issuance Of Warrants
TransferInDueToIssuanceOfWarrants
2554000 usd
CY2022Q3 MGTI Transfer Out Upon Exercise Of Warrants
TransferOutUponExerciseOfWarrants
-22000 usd
CY2022Q3 MGTI Change In Fair Value Of Warrant Liability
ChangeInFairValueOfWarrantLiability
4109000 usd
CY2022Q3 MGTI Warrant Derivative Liability
WarrantDerivativeLiability
6970000 usd
CY2022Q3 MGTI Loss On Settlement Of Derivative
LossOnSettlementOfDerivative
178000 usd
MGTI Loss On Settlement Of Derivative
LossOnSettlementOfDerivative
757000 usd
CY2021Q3 MGTI Loss On Settlement Of Derivative
LossOnSettlementOfDerivative
0 usd
MGTI Loss On Settlement Of Derivative
LossOnSettlementOfDerivative
0 usd
CY2022Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
6970000 usd
CY2022Q3 MGTI Gain Loss On Change In Fair Value Of Warrants
GainLossOnChangeInFairValueOfWarrants
4109000 usd
MGTI Gain Loss On Change In Fair Value Of Warrants
GainLossOnChangeInFairValueOfWarrants
3517000 usd
CY2022Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
35000 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
180000 usd
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2455000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2499000 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1304000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1270000 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1151000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1229000 usd
CY2022Q3 us-gaap Depreciation
Depreciation
50000 usd
us-gaap Depreciation
Depreciation
147000 usd
CY2021Q3 us-gaap Depreciation
Depreciation
169000 usd
us-gaap Depreciation
Depreciation
548000 usd
CY2021Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
254000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
264000 usd
CY2022Q3 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
3000 usd
CY2021Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
3000 usd
CY2022Q3 us-gaap Interest Receivable Noncurrent
InterestReceivableNoncurrent
3000 usd
CY2022Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
6000 usd
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
3000 usd
CY2022Q3 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
10525000 usd
CY2022Q3 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
3000 usd
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Issues
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationIssues
4207000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-6318000 usd
CY2022Q3 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
10525000 usd
CY2022Q3 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
10525000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-6318000 usd
CY2020Q4 MGTI Warrant Derivative Liability
WarrantDerivativeLiability
246000 usd
CY2021 MGTI Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Warrant Issuance
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationWarrantIssuance
2492000 usd
CY2021 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Issues
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationIssues
-732000 usd
CY2021 MGTI Change In Fair Value Of Warrant Liability
ChangeInFairValueOfWarrantLiability
-955000 usd
CY2021Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
1130000 usd
CY2021Q4 MGTI Gain Loss On Change In Fair Value Of Warrants
GainLossOnChangeInFairValueOfWarrants
955000 usd
CY2022Q3 MGTI Warrant Derivative Liability
WarrantDerivativeLiability
6970000 usd
CY2021Q4 MGTI Warrant Derivative Liability
WarrantDerivativeLiability
1130000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
13000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
12000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
37000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
7000 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
30000 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
11000 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
19000 usd
CY2022Q3 us-gaap Payments For Rent
PaymentsForRent
9000 usd
CY2021Q3 us-gaap Payments For Rent
PaymentsForRent
9000 usd
us-gaap Payments For Rent
PaymentsForRent
29000 usd
us-gaap Payments For Rent
PaymentsForRent
27000 usd
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.1488 pure
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y3M18D
CY2021Q3 MGTI Corporate Fundraising
CorporateFundraising
990000 usd
CY2021Q3 us-gaap Shares Issued
SharesIssued
35385703 shares
CY2021Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
35385703 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
626678488 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
682912940 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
626678488 shares

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