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Property and equipment (Tables) | 3 Months Ended
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Mar. 31, 2018
Property, Plant and Equipment [Abstract] |
Schedule of Impairment Charge | The breakdown of the impairment charge is as follows:
|  | March 31, 2018 (unaudited) |
Prive miners |  | $ | 10,677,603 |
BMSS miners |  |  | 406,652 |
Kairos miners |  |  | 396,236 |
Total impairment charge |  | $ | 11,480,491
Schedule of Property and Equipment | Property and equipment consisted of the following:
|  | March 31, 2018 (unaudited) |  |  | December 31, 2017 |
Cryptocurrency machines, net of impairment |  |  | 23,468,237 |  |  | $ | 4,700,575 |
Leasehold improvements |  |  | 852,512 |  |  |  | - |
Office and computer equipment |  |  | 70,718 |  |  |  | 61,670 |
Total cost of property and equipment |  |  | 24,391,467 |  |  |  | 4,762,245 |
Less accumulated depreciation |  |  | (1,899,041 | ) |  |  | (468,079 | )
Property and equipment, net |  | $ | 22,492,426 |  |  | $ | 4,294,166

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- Definition Tabular disclosure for impairment of long-lived assets held and used by an entity which includes a description of the impaired long-lived asset and facts and circumstances leading to the impairment, aggregate amount of the impairment loss and where the loss is located in the income statement, method(s) for determining fair value, and the segment in which the impaired long-lived asset is reported. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2921-110230 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.CC) -URI http://asc.fasb.org/extlink&oid=27011434&loc=d3e125687-122742 + Details
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- Definition Tabular disclosure of public utility physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, deprecation expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 980 -SubTopic 20 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84167750&loc=d3e42232-110370 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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