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VOLUNTARY CHANGE IN ACCOUNTING PRINCIPLE (Tables)

9 Months Ended

Sep. 30, 2023

Accounting Changes and Error Corrections [Abstract]

SCHEDULE OF VOLUNTARY CHANGE IN ACCOUNTING PRINCIPLE

The impacts of the voluntary change in accounting principle from LIFO to FIFO are as follows:

SCHEDULE OF VOLUNTARY CHANGE IN ACCOUNTING PRINCIPLE

		As of
		December 31, 2021 (Restated)
Condensed Consolidated Balance Sheet Impact
Accumulated deficit			7,284

		Three months ended (unaudited)
		March 31, 2022 (Restated)				June 30, 2022 (Restated)				September 30, 2022 (Restated)
Consolidated Statements of Comprehensive Income (Loss) Impact
Impairment of digital assets		$	(5,660	)		$	(4,017	)		$	—
Income tax benefit (expense)			1,412				(380	)			232
Net income (loss) impact		$	(4,248	)		$	(4,397	)		$	232
Net income (loss) per share, basic and diluted impact		$	(0.04	)		$	(0.04	)		$	—

		Six months ended (unaudited)				Nine months ended (unaudited)				Year ended
		June 30, 2022 (Restated)				September 30, 2022 (Restated)				December 31, 2022 (Restated)
Consolidated Statements of Comprehensive Income (Loss) Impact
Impairment of digital assets		$	(9,677	)		$	(9,677	)		$	(9,677	)
Income tax benefit (expense)			1,032				1,264				2,393
Net income (loss) impact		$	(8,645	)		$	(8,413	)		$	(7,284	)
Net income (loss) per share, basic and diluted impact		$	(0.08	)		$	(0.08	)		$	(0.06	)

		As of (unaudited)
		March 31, 2022				June 30, 2022				September 30, 2022 (Restated)
Condensed Consolidated Balance Sheet Impact
Digital assets		$	4,017			$	—			$	—
Deferred tax liabilities			981				1,361				1,129
Accumulated deficit			3,036				(1,361	)			(1,129	)

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- References

No definition available.

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- Definition

Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-3

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482989/270-10-45-12

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482989/270-10-45-13

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