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Property and Equipment, net

3 Months Ended

Mar. 31, 2019

Property, Plant and Equipment [Abstract]

Property and Equipment, net

4. Property and Equipment, net

The following represents a summary of our property and equipment as of March 31, 2019:

Crypotocurrency mining equipment		$	192,305
Less: accumulated depreciation			(61,655	)
Less: reserve for impairment			(55,000	)
		$	75,650

Depreciation expense was $16,026 for the three months ended March 31, 2019. This is reflected as part of cost of revenues on the statement of operations.

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- References

No definition available.

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- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI http://asc.fasb.org/topic&trid=2155823

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