$MIGI
Mawson Infrastructure Group Inc.

2023 Q3 Form 10-Q Financial Statement

#000121390023069345 Filed on August 21, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $11.33M $10.55M
YoY Change -60.0% -46.66%
Cost Of Revenue $7.716M $7.028M
YoY Change -57.57% -51.05%
Gross Profit $3.617M $3.523M
YoY Change -64.35% -35.01%
Gross Profit Margin 31.91% 33.39%
Selling, General & Admin $3.655M $6.265M
YoY Change -26.91% -33.57%
% of Gross Profit 101.07% 177.83%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.88M $8.790M
YoY Change -26.82% -45.14%
% of Gross Profit 328.48% 249.49%
Operating Expenses $19.84M $21.19M
YoY Change -10.05% -19.72%
Operating Profit -$16.22M -$17.66M
YoY Change 96.91% 442.59%
Interest Expense $515.0K $647.1K
YoY Change -66.97% -58.66%
% of Operating Profit
Other Income/Expense, Net -$3.111M $1.770M
YoY Change -5300.96% -5.07%
Pretax Income -$19.33M -$15.89M
YoY Change -9.04% 560.66%
Income Tax $1.756M
% Of Pretax Income
Net Earnings -$19.05M -$17.34M
YoY Change -8.7% 620.97%
Net Earnings / Revenue -168.08% -164.37%
Basic Earnings Per Share -$1.15 -$1.12
Diluted Earnings Per Share -$1.15 -$1.12
COMMON SHARES
Basic Shares Outstanding 16.52M shares 16.21M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.500M $5.607M
YoY Change -48.07% 124.84%
Cash & Equivalents $1.497M $5.607M
Short-Term Investments
Other Short-Term Assets $1.500M $3.585M
YoY Change -93.84% -32.82%
Inventory
Prepaid Expenses $1.547M $3.585M
Receivables $10.60M $6.404M
Other Receivables $0.00 $0.00
Total Short-Term Assets $13.65M $15.60M
YoY Change -63.43% 29.51%
LONG-TERM ASSETS
Property, Plant & Equipment $66.31M $78.53M
YoY Change -41.06% -47.27%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $100.0K $7.168M
YoY Change -99.57% -62.96%
Other Assets $5.100M $424.1K
YoY Change 25.08% -89.79%
Total Long-Term Assets $74.18M $89.17M
YoY Change -48.22% -50.4%
TOTAL ASSETS
Total Short-Term Assets $13.65M $15.60M
Total Long-Term Assets $74.18M $89.17M
Total Assets $87.84M $104.8M
YoY Change -51.36% -45.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $27.10M $25.34M
YoY Change -1.56% -46.14%
Accrued Expenses $1.800M $1.650M
YoY Change -14.73% 13.63%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $20.87M
YoY Change -100.0% 7.19%
Long-Term Debt Due $17.78M $31.86K
YoY Change 58905.14% 7.49%
Total Short-Term Liabilities $46.63M $47.89M
YoY Change -24.82% -29.57%
LONG-TERM LIABILITIES
Long-Term Debt $67.00K
YoY Change -99.66%
Other Long-Term Liabilities $1.100M $1.479M
YoY Change -93.38% -54.06%
Total Long-Term Liabilities $0.00 $1.546M
YoY Change -100.0% -93.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $46.63M $47.89M
Total Long-Term Liabilities $0.00 $1.546M
Total Liabilities $47.78M $49.44M
YoY Change -45.6% -45.51%
SHAREHOLDERS EQUITY
Retained Earnings -$169.8M -$150.7M
YoY Change 63.52% 81.67%
Common Stock $16.52K $16.46K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $41.73M $56.77M
YoY Change
Total Liabilities & Shareholders Equity $87.84M $104.8M
YoY Change -51.36% -45.39%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$19.05M -$17.34M
YoY Change -8.7% 620.97%
Depreciation, Depletion And Amortization $11.88M $8.790M
YoY Change -26.82% -45.14%
Cash From Operating Activities -$630.0K -$5.509M
YoY Change -92.13% -120.19%
INVESTING ACTIVITIES
Capital Expenditures $400.0K $1.703M
YoY Change -102.5% -107.25%
Acquisitions
YoY Change
Other Investing Activities $150.0K $8.401M
YoY Change -98.91%
Cash From Investing Activities -$260.0K $6.698M
YoY Change -88.75% -128.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.230M 3.043M
YoY Change -148.02% -176.62%
NET CHANGE
Cash From Operating Activities -630.0K -5.509M
Cash From Investing Activities -260.0K 6.698M
Cash From Financing Activities -3.230M 3.043M
Net Change In Cash -4.120M 4.231M
YoY Change 14.75% -2399.95%
FREE CASH FLOW
Cash From Operating Activities -$630.0K -$5.509M
Capital Expenditures $400.0K $1.703M
Free Cash Flow -$1.030M -$7.212M
YoY Change -112.86% -114.2%

Facts In Submission

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dei Entity Registrant Name
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Mawson Infrastructure Group Inc.
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CY2023Q2 us-gaap Stock Issued During Period Value New Issues
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CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
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CY2022Q2 us-gaap Profit Loss
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CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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us-gaap Stock Issued During Period Value Share Based Compensation
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us-gaap Stock Issued During Period Value Issued For Services
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us-gaap Adjustments To Additional Paid In Capital Warrant Issued
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us-gaap Profit Loss
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Stock Issued During Period Value Share Based Compensation
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CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Depreciation Depletion And Amortization
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us-gaap Foreign Currency Transaction Loss Before Tax
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us-gaap Foreign Currency Transaction Loss Before Tax
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us-gaap Gain Loss On Sale Of Project
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us-gaap Share Based Compensation
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migi Noncontrolling Interest
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us-gaap Marketable Securities Gain Loss
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migi Loss On Write Off Of Property And Equipment
LossOnWriteOffOfPropertyAndEquipment
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us-gaap Gain Loss On Sale Of Properties
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us-gaap Increase Decrease In Accounts And Other Receivables
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us-gaap Increase Decrease In Other Current Assets
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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migi Proceeds From Sale Of Site
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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migi Payment Of Property And Equipment Deposits
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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ProceedsFromOtherDebt
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us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
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PaymentsOfBorrowings
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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migi Recognition Of Right Of Use Operating Asset And Lease Liability
RecognitionOfRightOfUseOperatingAssetAndLeaseLiability
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us-gaap Stock Issued1
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us-gaap Impaired Intangible Asset Description
ImpairedIntangibleAssetDescription
Mawson owned 23,458 Application-Specific Integrated Circuit (“ASIC”) computers known as “Miners,” specifically focused on the SHA-256 algorithm.
us-gaap Taxes Other
TaxesOther
29030000.00 usd
CY2023Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
32300000 usd
CY2023Q2 us-gaap Assets Net
AssetsNet
55330000 usd
CY2023Q2 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
150700000 usd
CY2023Q2 us-gaap Cash Available For Distributions
CashAvailableForDistributions
5610000 usd
migi Bitcoin Price Amount
BitcoinPriceAmount
30000 usd
CY2023Q2 migi Bitcoin Trending Higher Percentage
BitcoinTrendingHigherPercentage
0.70 pure
CY2023Q2 us-gaap Secured Long Term Debt
SecuredLongTermDebt
20000000 usd
us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
3330000 usd
CY2023Q2 us-gaap Line Of Credit
LineOfCredit
1460000 aud
CY2023Q2 us-gaap Line Of Credit
LineOfCredit
970000 usd
CY2023Q2 us-gaap Security Deposit Liability
SecurityDepositLiability
500000 usd
CY2023Q2 us-gaap Shares Issued
SharesIssued
100000 shares
us-gaap Stock Issued During Period Shares Stock Splits
StockIssuedDuringPeriodSharesStockSplits
10 shares
migi Percentage Of Outstanding Shares
PercentageOfOutstandingShares
0.05 pure
CY2023Q1 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
Mawson executed a reverse stock split of its outstanding common stock at a ratio of 1:6
CY2023Q1 us-gaap Common Stock Other Shares Outstanding
CommonStockOtherSharesOutstanding
90000000 shares
us-gaap Use Of Estimates
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; "><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Use of Estimates and Assumptions</b></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">The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the amounts reported in the financial statements and accompanying notes. The Company evaluates on an ongoing basis its assumptions. The Company’s management believes that the estimates, judgments, and assumptions used are reasonable based upon information available at the time they are made.</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">These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the consolidated financial statements, and the reported amounts of income and expenses during the reporting periods. Actual results could differ from those estimates. The Company has considered the following to be significant estimates made by management, including but not limited to, going concern assumptions, estimating the useful lives of fixed assets, realization of long-lived assets, unrealized tax positions and the realization of digital currencies, valuing the derivative asset classified under Level 3 fair value hierarchy, business combinations and the contingent obligation with respect to future revenues.</span></p>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Reclassifications</b></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">Certain reclassifications of prior period amounts have been made to conform to current period presentation.</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>
CY2023Q2 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
5174446 usd
CY2022Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
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CY2022Q4 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
3243957 usd
CY2023Q2 us-gaap Lessee Finance Lease Discount Rate
LesseeFinanceLeaseDiscountRate
0.20 pure
CY2023Q2 us-gaap Shares Issued
SharesIssued
10000000 shares
migi Treasury Bond Term
TreasuryBondTerm
P10Y
CY2023Q1 migi Digital Currencies Balance
DigitalCurrenciesBalance
1.02
CY2022Q4 migi Digital Currencies Balance
DigitalCurrenciesBalance
0
CY2023Q2 migi Additions Of Digital Currencies1
AdditionsOfDigitalCurrencies1
181.62
migi Additions Of Digital Currencies1
AdditionsOfDigitalCurrencies1
302.73
CY2023Q2 migi Sale Of Digital Currencies1
SaleOfDigitalCurrencies1
-182.64
migi Sale Of Digital Currencies1
SaleOfDigitalCurrencies1
-302.73
CY2023Q2 migi Digital Currencies Balance
DigitalCurrenciesBalance
0
CY2023Q2 migi Digital Currencies Balance
DigitalCurrenciesBalance
0
migi Warrants To Purchase Common Stocks
WarrantsToPurchaseCommonStocks
5546122 shares
migi Warrants To Purchase Common Stocks
WarrantsToPurchaseCommonStocks
1065278 shares
migi Options To Purchase Common Stock
OptionsToPurchaseCommonStock
1750417 shares
migi Options To Purchase Common Stock
OptionsToPurchaseCommonStock
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migi Restricted Stock Units Rs Us Issued Under A Management Equity Plan
RestrictedStockUnitsRSUsIssuedUnderAManagementEquityPlan
4443516 shares
migi Restricted Stock Units Rs Us Issued Under A Management Equity Plan
RestrictedStockUnitsRSUsIssuedUnderAManagementEquityPlan
408288 shares
migi Total Of Diluted Loss Per Share
TotalOfDilutedLossPerShare
11740055 shares
migi Total Of Diluted Loss Per Share
TotalOfDilutedLossPerShare
1478476 shares
us-gaap Lessor Operating Lease Option To Extend
LessorOperatingLeaseOptionToExtend
The term of the lease is for four years, with an option to extend for five years.
CY2023Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
8143 usd
CY2022Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
8094 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
16287 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
12396 usd
CY2023Q2 migi Interest On Lease Obligations1
InterestOnLeaseObligations1
1310 usd
CY2022Q2 migi Interest On Lease Obligations1
InterestOnLeaseObligations1
2468 usd
migi Interest On Lease Obligations1
InterestOnLeaseObligations1
4021 usd
migi Interest On Lease Obligations1
InterestOnLeaseObligations1
3946 usd
CY2023Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
4133322 shares
us-gaap Labor And Related Expense
LaborAndRelatedExpense
48223 usd
us-gaap Labor And Related Expense
LaborAndRelatedExpense
25167 usd
us-gaap Insurance Agency Management Fee
InsuranceAgencyManagementFee
363611 usd
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
149019843 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
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CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
70490369 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
54489966 usd
CY2023Q2 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
78529474 usd
CY2022Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
91016498 usd
CY2023Q2 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
8790000 usd
CY2022Q2 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
16020000.00 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
16750000 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
29830000 usd
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
us-gaap Long Term Debt Average Amount Outstanding
LongTermDebtAverageAmountOutstanding
8070000.00 usd
us-gaap Interest Paid
InterestPaid
500000 usd
CY2023Q1 us-gaap Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
0.15 pure
CY2022Q3 us-gaap Debt Instrument Description
DebtInstrumentDescription
On September 2, 2022, MIG PL entered into a Secured Loan Facility Agreement with W Capital Advisors Pty Ltd with a total loan facility of AUD$3.00 million (USD$1.9 million). This was amended on September 29, 2022 and the loan facility was increased to AUD$8.00 million (USD$5.2 million). During the six month period ending June 30, 2023, the Company received AUD$3.00 million (USD$1.99 million) from this loan facility. As at June 30, 2023, AUD$1.46 million (USD$0.97 million) has been drawn down from this facility, all of which is classified as a current liability.
CY2023Q2 us-gaap Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
0.12 pure
CY2022Q3 us-gaap Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
3.6 usd
CY2022Q4 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
3100000 usd
CY2023Q2 migi Total Stockbased Compensation
TotalStockbasedCompensation
687276 shares
CY2022Q2 migi Total Stockbased Compensation
TotalStockbasedCompensation
936234 shares
migi Total Stockbased Compensation
TotalStockbasedCompensation
1691619 shares
migi Total Stockbased Compensation
TotalStockbasedCompensation
1326843 shares
CY2023Q2 migi Cost Related To The Performance Based Awards
CostRelatedToThePerformanceBasedAwards
700000 usd
CY2023Q2 migi Cost Related To The Service Based Restricted Stock Awards
CostRelatedToTheServiceBasedRestrictedStockAwards
7830000 usd
CY2023Q2 us-gaap Restricted Stock Expense
RestrictedStockExpense
1350000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
417 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
35.9
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y3M3D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1750000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.89
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1750417 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.9
migi Sharebased Compensations Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationsArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P10Y
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
417 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
35.9
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P1Y3M3D
us-gaap Investment Company General Partner Advisory Service
InvestmentCompanyGeneralPartnerAdvisoryService
10124 usd
CY2023Q2 migi Cost Related To The Warrants Issued
CostRelatedToTheWarrantsIssued
800000 usd
CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
2.4
CY2023Q2 us-gaap Class Of Warrant Or Right Unissued
ClassOfWarrantOrRightUnissued
246668 shares
CY2023Q2 us-gaap Warrant Exercise Price Increase
WarrantExercisePriceIncrease
0.001
CY2023Q2 us-gaap Stock Option Exercise Price Increase
StockOptionExercisePriceIncrease
3.23
CY2023Q2 migi Exercise Price Per Share
ExercisePricePerShare
3
migi Purchase An Aggregate
PurchaseAnAggregate
1666667 shares
us-gaap Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
6.06
us-gaap Warrant Exercise Price Increase
WarrantExercisePriceIncrease
3.23
CY2023Q2 migi Purchase Price
purchasePrice
2.4
CY2023Q2 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
4600000 usd
CY2023Q2 migi Aggregate Offering Price
AggregateOfferingPrice
9000000 usd
us-gaap Demutualization By Insurance Entity Securities Issued Gross Cash Proceeds
DemutualizationByInsuranceEntitySecuritiesIssuedGrossCashProceeds
721460 usd
migi Exercises Of Restricted Stock
ExercisesOfRestrictedStock
656 shares
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
186776 usd
CY2022Q1 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P5Y
CY2022Q1 migi Lease Extend Term
LeaseExtendTerm
P5Y
CY2022Q1 migi Rent Expenses Percentage
RentExpensesPercentage
0.04 pure
CY2022Q1 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
240000 usd
us-gaap Cost Maintenance
CostMaintenance
154224 usd
us-gaap Cost Maintenance
CostMaintenance
102750 usd
us-gaap Investment Company General Partner Advisory Service
InvestmentCompanyGeneralPartnerAdvisoryService
42741 usd
us-gaap Insurance Agency Management Fee
InsuranceAgencyManagementFee
262802 usd
migi Vehicle Service Amount
VehicleServiceAmount
35495 usd
migi Vehicle Service Amount
VehicleServiceAmount
41525 usd
us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
841042 usd
us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
4464097 usd
CY2023Q2 migi Impairment Of Financial Assets
ImpairmentOfFinancialAssets
usd
migi Impairment Of Financial Assets
ImpairmentOfFinancialAssets
usd
CY2022Q2 migi Loss On Reclassification To Assets Held For Sale
LossOnReclassificationToAssetsHeldForSale
usd
migi Loss On Reclassification To Assets Held For Sale
LossOnReclassificationToAssetsHeldForSale
usd
CY2023Q2 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
usd
CY2022Q2 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
usd
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
usd
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.12
us-gaap Gain Loss On Sale Of Project
GainLossOnSaleOfProject
usd
migi Noncontrolling Interest
NoncontrollingInterest
usd
us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
usd
us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
usd
migi Loss On Write Off Of Property And Equipment
LossOnWriteOffOfPropertyAndEquipment
usd
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
usd
migi Proceeds From Sale Of Site
ProceedsFromSaleOfSite
usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
usd
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
usd
migi Payment Of Property And Equipment Deposits
PaymentOfPropertyAndEquipmentDeposits
usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
usd
migi Recognition Of Right Of Use Operating Asset And Lease Liability
RecognitionOfRightOfUseOperatingAssetAndLeaseLiability
usd
us-gaap Stock Issued1
StockIssued1
usd
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Central Index Key
EntityCentralIndexKey
0001218683

Files In Submission

Name View Source Status
FilingSummary.xml Edgar Link unprocessable
migi-20230630_def.xml Edgar Link unprocessable
0001213900-23-069345-index-headers.html Edgar Link pending
0001213900-23-069345-index.html Edgar Link pending
0001213900-23-069345.txt Edgar Link pending
0001213900-23-069345-xbrl.zip Edgar Link pending
f10q0623ex3-8_mawson.htm Edgar Link pending
f10q0623ex31-1_mawson.htm Edgar Link pending
f10q0623ex31-2_mawson.htm Edgar Link pending
f10q0623ex32_mawson.htm Edgar Link pending
f10q0623_mawson.htm Edgar Link pending
f10q0623_mawson_htm.xml Edgar Link completed
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
migi-20230630.xsd Edgar Link pending
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migi-20230630_cal.xml Edgar Link unprocessable
migi-20230630_lab.xml Edgar Link unprocessable
migi-20230630_pre.xml Edgar Link unprocessable
R9.htm Edgar Link pending
report.css Edgar Link pending
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