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Digital Currencies | 3 Months Ended
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Mar. 31, 2018
Investments, Debt and Equity Securities [Abstract] |
Digital Currencies | Note 10. Digital Currencies The following table presents additional information about digital currencies:
|  | March 31, 2018 |
Digital currencies balance - January 1. 2018 |  | $ | 200,164 |
Additions of digital currencies |  |  | 901,380 |
Purchase of digital currencies |  |  | 5,625,000 |
Change in fair value of digital currencies |  |  | (2,467,875 | )
Digital currencies balance - March 31, 2018 |  | $ | 4,258,669 |
As March 31, 2018, the Company’s digital currencies consisted of bitcoin, with a fair value of approximately $4,259,000. Digital currencies are recorded at their fair value on the date they are received as revenues, and are revalued to their current market value at each reporting date. Fair value is determined by taking the spot rate from the most liquid exchanges.

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