2024 Q2 Form 10-K Financial Statement

#000149315224014891 Filed on April 16, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2023 Q4 2023
Revenue $102.0K $399.0K
YoY Change -17.74% -50.68%
Cost Of Revenue $121.0K $476.0K
YoY Change 266.67% -69.41%
Gross Profit -$19.00K -$77.00K
YoY Change -120.88% -89.69%
Gross Profit Margin -18.63% -19.3%
Selling, General & Admin $345.0K $1.356M
YoY Change -38.17% -21.98%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $68.00K $260.0K
YoY Change 38.78% 32.65%
% of Gross Profit
Operating Expenses $345.0K $1.832M
YoY Change -38.17% -44.38%
Operating Profit -$364.0K -$1.433M
YoY Change -22.06% -42.33%
Interest Expense -$5.090M $91.00K
YoY Change -140.85% 295.65%
% of Operating Profit
Other Income/Expense, Net -$4.700M
YoY Change 34.55%
Pretax Income -$5.454M -$6.133M
YoY Change -145.75% 2.59%
Income Tax
% Of Pretax Income
Net Earnings -$5.454M -$6.133M
YoY Change -145.75% 2.59%
Net Earnings / Revenue -5347.06% -1537.09%
Basic Earnings Per Share -$0.01
Diluted Earnings Per Share -$0.01 -$0.01
COMMON SHARES
Basic Shares Outstanding 943.2M shares 801.2M shares 761.9M shares
Diluted Shares Outstanding 761.9M shares

Balance Sheet

Concept 2024 Q2 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.000K $8.000K
YoY Change -98.51% -98.51%
Cash & Equivalents $8.000K $8.000K
Short-Term Investments
Other Short-Term Assets $0.00 $0.00
YoY Change -100.0% -100.0%
Inventory
Prepaid Expenses
Receivables $17.00K $17.00K
Other Receivables $0.00 $0.00
Total Short-Term Assets $25.00K $25.00K
YoY Change -95.48% -95.48%
LONG-TERM ASSETS
Property, Plant & Equipment $907.0K $907.0K
YoY Change -17.4% -17.4%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $907.0K $907.0K
YoY Change -17.62% -17.62%
TOTAL ASSETS
Total Short-Term Assets $25.00K $25.00K
Total Long-Term Assets $907.0K $907.0K
Total Assets $932.0K $932.0K
YoY Change -43.65% -43.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $419.0K $419.0K
YoY Change 3709.09% 3709.09%
Accrued Expenses $340.0K $340.0K
YoY Change 195.65% 195.65%
Deferred Revenue
YoY Change
Short-Term Debt $1.369M $1.369M
YoY Change 584.5% 584.5%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $9.770M $9.770M
YoY Change 81.33% 81.33%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $20.00K $20.00K
YoY Change
Total Long-Term Liabilities $20.00K $20.00K
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $9.770M $9.770M
Total Long-Term Liabilities $20.00K $20.00K
Total Liabilities $9.790M $9.790M
YoY Change 81.7% 81.7%
SHAREHOLDERS EQUITY
Retained Earnings -$432.0M
YoY Change 1.44%
Common Stock $849.0K
YoY Change 20.6%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$8.858M -$8.858M
YoY Change
Total Liabilities & Shareholders Equity $932.0K $932.0K
YoY Change -43.65% -43.65%

Cashflow Statement

Concept 2024 Q2 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$5.454M -$6.133M
YoY Change -145.75% 2.59%
Depreciation, Depletion And Amortization $68.00K $260.0K
YoY Change 38.78% 32.65%
Cash From Operating Activities -$406.0K -$710.0K
YoY Change -43.06% -66.96%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $340.0K
YoY Change 49.12%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 140.0K $180.0K
YoY Change -88.2%
NET CHANGE
Cash From Operating Activities -406.0K -$710.0K
Cash From Investing Activities 0.000
Cash From Financing Activities 140.0K $180.0K
Net Change In Cash -266.0K -$530.0K
YoY Change -62.69% -23.41%
FREE CASH FLOW
Cash From Operating Activities -$406.0K -$710.0K
Capital Expenditures
Free Cash Flow -$710.0K
YoY Change -67.97%

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IncreaseDecreaseInOperatingLeaseLiability
-5000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
394000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
38000 usd
CY2023 MGTI Increase Decrease In Accounts Payable Related Party
IncreaseDecreaseInAccountsPayableRelatedParty
15000 usd
CY2023 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
129000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
10000 usd
CY2023 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-30000 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
30000 usd
CY2023 us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
45000 usd
CY2022 us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
-245000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-710000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2149000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
68000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-68000 usd
CY2022 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1335000 usd
CY2022 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
228000 usd
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
340000 usd
CY2023 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
200000 usd
CY2022 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
71000 usd
CY2023 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
25000 usd
CY2022 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
33000 usd
CY2023 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
15000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
180000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1525000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-530000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-692000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
538000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1230000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
8000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
538000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
28000 usd
CY2023 MGTI Cashless Exercise Of Warrants And Extinguishment Of Related Warrant Derivative Liability
CashlessExerciseOfWarrantsAndExtinguishmentOfRelatedWarrantDerivativeLiability
461000 usd
CY2022 MGTI Cashless Exercise Of Warrants And Extinguishment Of Related Warrant Derivative Liability
CashlessExerciseOfWarrantsAndExtinguishmentOfRelatedWarrantDerivativeLiability
988000 usd
CY2022 MGTI Discount Related To Convertible Promissory Note
DiscountRelatedToConvertiblePromissoryNote
1500000 usd
CY2022 MGTI Derivative Liabilities Related To Convertible Debt And Warrants
DerivativeLiabilitiesRelatedToConvertibleDebtAndWarrants
6761000 usd
CY2023 MGTI Accounts Payable Settled With Loan Payable
AccountsPayableSettledWithLoanPayable
140000 usd
CY2022 MGTI Accounts Payable Settled With Loan Payable
AccountsPayableSettledWithLoanPayable
38000 usd
CY2022 MGTI Accounts Payable Settled With Bank Note
AccountsPayableSettledWithBankNote
200000 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-432039000 usd
CY2023Q4 us-gaap Cash
Cash
8000 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_845_eus-gaap--UseOfEstimates_zQMDpLIYSmh8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="text-decoration: underline"><span id="xdx_86D_zzxG4YFBSFN8">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 0pt 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><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, determining the potential impairment of long-lived assets, the fair value of warrants issued, the fair value of conversion features, and the valuation allowance for deferred tax assets. 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 0pt 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
8000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
538000 usd
CY2023Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
0 usd
CY2022Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
37000 usd
CY2022 MGTI Additions Of Digital Currencies From Mining
AdditionsOfDigitalCurrenciesFromMining
169000 usd
CY2022 MGTI Realized Gain Loss On Sale Of Digital Currencies
RealizedGainLossOnSaleOfDigitalCurrencies
-2000 usd
CY2022 MGTI Sale Of Digital Currencies
SaleOfDigitalCurrencies
-156000 usd
CY2022Q4 us-gaap Intangible Assets Current
IntangibleAssetsCurrent
11000 usd
CY2023 MGTI Additions Of Digital Currencies From Mining
AdditionsOfDigitalCurrenciesFromMining
75000 usd
CY2023 MGTI Realized Gain Loss On Sale Of Digital Currencies
RealizedGainLossOnSaleOfDigitalCurrencies
3000 usd
CY2023 MGTI Sale Of Digital Currencies
SaleOfDigitalCurrencies
-89000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
17000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1723000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1927000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
816000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
829000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
907000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1098000 usd
CY2023 us-gaap Depreciation
Depreciation
260000 usd
CY2022 us-gaap Depreciation
Depreciation
196000 usd
CY2023 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
70000 usd
CY2023 us-gaap Finance Lease Impairment Loss
FinanceLeaseImpairmentLoss
4000 usd
CY2022Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
3000 usd
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
3000 usd
CY2023Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
36000000 shares
CY2023Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
12000000 shares
CY2022 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Issues
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationIssues
4207000 usd
CY2022 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
984000 usd
CY2022Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
3223000 usd
CY2023 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
-128000 usd
CY2023 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-249000 usd
CY2023Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
3344000 usd
CY2023Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
3344000 usd
CY2023 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-249000 usd
CY2022Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
3223000 usd
CY2022 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
984000 usd
CY2023Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
4253000 usd
CY2023 MGTI Gain Loss On Change In Fair Value Of Derivtive Liability
GainLossOnChangeInFairValueOfDerivtiveLiability
-2685000 usd
CY2022Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
1727000 usd
CY2022 MGTI Gain Loss On Change In Fair Value Of Derivtive Liability
GainLossOnChangeInFairValueOfDerivtiveLiability
1726000 usd
CY2021Q4 MGTI Warrant Derivative Liability
WarrantDerivativeLiability
1130000 usd
CY2022 MGTI Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Warrant Issuance
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationWarrantIssuance
2554000 usd
CY2022 MGTI Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfer Out Upon Conversion Of Convertible Notes And Warrants
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransferOutUponConversionOfConvertibleNotesAndWarrants
-231000 usd
CY2022 MGTI Derivative Liability Change In Fair Value
DerivativeLiabilityChangeInFairValue
-1726000 usd
CY2022Q4 MGTI Warrant Derivative Liability
WarrantDerivativeLiability
1727000 usd
CY2023 MGTI Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfer Out Upon Conversion Of Convertible Notes And Warrants
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransferOutUponConversionOfConvertibleNotesAndWarrants
-157000 usd
CY2023 MGTI Derivative Liability Change In Fair Value
DerivativeLiabilityChangeInFairValue
2685000 usd
CY2023Q4 MGTI Warrant Derivative Liability
WarrantDerivativeLiability
4253000 usd
CY2023 MGTI Gain Loss On Settlement Of Derivative Liability
GainLossOnSettlementOfDerivativeLiability
302000 usd
CY2022 MGTI Gain Loss On Settlement Of Derivative Liability
GainLossOnSettlementOfDerivativeLiability
757000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
3344000 usd
CY2023Q4 MGTI Warrant Derivative Liability Fair Value Disclosure
WarrantDerivativeLiabilityFairValueDisclosure
4253000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
3223000 usd
CY2022Q4 MGTI Warrant Derivative Liability Fair Value Disclosure
WarrantDerivativeLiabilityFairValueDisclosure
1727000 usd
CY2022Q4 us-gaap Notes Payable Current
NotesPayableCurrent
200000 usd
CY2022 MGTI Loss On Early Termination Of Land Lease
LossOnEarlyTerminationOfLandLease
8000 usd
CY2022 us-gaap Payments For Rent
PaymentsForRent
43000 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
8868360 shares
CY2022Q3 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
22800000 shares
CY2022Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
76000000 shares
CY2022Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
228000 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
8868360 shares
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
12000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
7000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
7000 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
27549000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
27175000 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
1119044442 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
603529010 shares
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
920000000 usd
CY2023 MGTI Equity Fair Measurement Value On Share
EquityFairMeasurementValueOnShare
184000000 shares
CY2023Q4 MGTI Equity Fair Measurement Value On Grant Date Per Share
EquityFairMeasurementValueOnGrantDatePerShare
0.006
CY2023 us-gaap Equity Fair Value Adjustment
EquityFairValueAdjustment
1104000000 usd
CY2023 MGTI Lease Incentive Loss
LeaseIncentiveLoss
184000 usd
CY2023 MGTI Lease Incentive Loss
LeaseIncentiveLoss
184000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
18656000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
18349000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
382000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
304000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
8567000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
8567000 usd
CY2023Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
-51000 usd
CY2022Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
-50000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
2000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
27549000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
27175000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.012 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.019 pure
CY2023 MGTI Effective Income Tax Rate Reconciliation At Permanent Adjustments
EffectiveIncomeTaxRateReconciliationAtPermanentAdjustments
0.155 pure
CY2022 MGTI Effective Income Tax Rate Reconciliation At Permanent Adjustments
EffectiveIncomeTaxRateReconciliationAtPermanentAdjustments
0.123 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
0.000 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
-0.007 pure
CY2023 MGTI Effective Income Tax Rate Reconciliation Change In State Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInStateTaxRate
0.000 pure
CY2022 MGTI Effective Income Tax Rate Reconciliation Change In State Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInStateTaxRate
-0.026 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.006 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.000 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.061 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.139 pure
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000 pure
CY2023 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
374000 usd
CY2023 us-gaap Income Tax Examination Description
IncomeTaxExaminationDescription
Tax positions that meet the more likely than not threshold are then measured using a probability weighted approach recognizing the largest amount of tax benefit that is greater than 50% likely of being realized upon ultimate settlement. The Company had no tax positions relating to open income tax returns that were considered to be uncertain.

Files In Submission

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