XML 19 R8.htm IDEA: XBRL DOCUMENT
v3.25.1

Digital Assets | 3 Months Ended
--- | ---
Mar. 31, 2025
Digital Assets [Abstract] |
DIGITAL ASSETS | NOTE 2 - DIGITAL ASSETS The following table summarizes the digital currency transactions of Bitcoin for:
|  | As of March 31, 2025 |  |  | As of December 31, 2024 |
ASC 2023-08 fair value adjustment |  | $ | - |  |  | $ | 739,000 |
Digital assets beginning balance |  |  | 1,016,000 |  |  |  | 2,097,000 |
Revenue recognized from mined digital assets |  |  | 1,545,000 |  |  |  | 20,539,000 |
Cost of digital assets sold for cash |  |  | (1,647,000 | ) |  |  | (20,260,000 | )
Cost of digital assets transferred for noncash expenditures |  |  | - |  |  |  | (3,665,000 | )
Fair value gain on digital assets |  |  | (127,000 | ) |  |  | 1,566,000 |
Digital assets ending balance |  | $ | 787,000 |  |  | $ | 1,016,000 |
For the three months ended March 31, 2025 and 2024, the Company used digital assets with a value of $0 and $1,750,000, respectively, for the payment of principal and interest for its notes payable. The following table presents the Company’s Bitcoin holdings as of:
|  | March 31, 2025 |  |  | December 31, 2024 |
Number of Bitcoin held |  |  | 9.53 |  |  |  | 10.93 |
Carrying basis - per Bitcoin |  | $ | 90,258 |  |  | $ | 61,532 |
Fair value - per Bitcoin |  | $ | 82,534 |  |  | $ | 92,987 |
Carrying basis of Bitcoin |  | $ | 860,592 |  |  | $ | 672,259 |
Fair value of Bitcoin |  | $ | 787,000 |  |  | $ | 1,016,000 |
The carrying basis (or cost basis) represents the valuation of Bitcoin at the time the Company earns the Bitcoin through mining activities. The Company’s Bitcoin holdings are not subject to rehypothecation and do not serve as collateral for any existing loans or agreements. As of March 31, 2025 and December 31, 2024, the Company held no other crypto currency. As of March 31, 2025 and December 31, 2024, the Company held 100% of its Bitcoin in cold storage and nil in hot wallets, respectively.

X
- References No definition available. + Details
Name: | us-gaap_CryptoAssetFairValueAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for crypto asset. Excludes crypto asset held for platform user. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 60 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147476162/350-60-50-6 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 60 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147476162/350-60-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 60 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147476162/350-60-50-4 + Details
Name: | us-gaap_CryptoAssetTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration