XML 28 R12.htm IDEA: XBRL DOCUMENT v3.25.1
Mining Equipment, Net
 12 Months Ended
Dec. 31, 2024
Mining Equipment, Net [Abstract]  
MINING EQUIPMENT, NET

NOTE 5 – MINING EQUIPMENT, NET

 

Mining equipment consisted of 8,825 and 8,532 units of bitcoin mining machines as of December 31, 2024 and 2023, respectively. 

 

The following table summarizes the carrying amount of the Company’s mining equipment, as of December 31,

 

   2024   2023 
Mining equipment        
Balance, beginning of year  $15,978,000   $47,599,000 
Additions   1,573,000    1,894,000 
Disposals   (442,000)   (105,000)
Impairment   
-
    (8,335,000)
Revaluation from impairment   
-
    (25,075,000)
Ending balance  $17,109,000   $15,978,000 
           
Accumulated depreciation          
Balance, beginning of year  $3,062,000   $13,231,000 
Additions   11,179,000    14,958,000 
Disposals   (126,000)   (51,000)
Revaluation from impairment   
-
    (25,076,000)
Ending balance  $14,115,000   $3,062,000 
Mining equipment, net  $2,994,000   $12,916,000