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Restatement of the Consolidated Financial Statements (Tables) | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2018 | Dec. 31, 2017
Accounting Changes and Error Corrections [Abstract] |  |
Schedule of Error Corrections and Prior Period Adjustments | The effect of the restatement on the Company’s consolidated balance sheet as of June 30, 2018 are as follows:
|  | June 30, 2018 |
|  | As Previously Reported |  |  | Restatement Adjustment |  |  | As Restated |
Digital currencies |  | $ | 139,655 |  |  | $ | (42,945 | ) |  | $ | 96,710 |
Total current assets |  |  | 240,428 |  |  |  | (42,945 | ) |  |  | 197,483 |
Total Assets |  |  | 243,816 |  |  |  | (42,945 | ) |  |  | 200,871 |
Accumulated deficit |  |  | (114,855,450 | ) |  |  | (42,945 | ) |  |  | (114,898,395 | )
Total stockholders’ equity |  |  | 174,749 |  |  |  | (42,945 | ) |  |  | 131,804 |
Total Liabilities and stockholders’ equity |  |  | 243,816 |  |  |  | (42,945 | ) |  |  | 200,871 |
The effect of the restatement on the Company’s consolidated statement of operations for the three and six months ended June 30, 2018 are as follows:
|  | For the three months ended June 30, 2018 |
|  | As Previously Reported |  |  | Restatement Adjustment |  |  | As Restated |
Total operating expenses |  |  | 235,616 |  |  |  | (2 | ) |  |  | 235,614 |
Net loss from operations |  |  | (235,616 | ) |  |  | 2 |  |  |  | (235,614 | )
Revaluation of digital currencies |  |  | (12,419 | ) |  |  | 12,419 |  |  |  | - |
Realized gain on sale of digital currencies |  |  | 11,265 |  |  |  | 7,661 |  |  |  | 18,926 |
Total other expenses (income) |  |  | (1,154 | ) |  |  | 20,080 |  |  |  | 18,926 |
Net loss |  |  | (236,770 | ) |  |  | 20,082 |  |  |  | (216,688 | )
Basic and Diluted Loss per Share |  |  | (0.00 | ) |  |  | - |  |  |  | (0.00 | )
Basic and Diluted Shares |  |  | 371,326,525 |  |  |  | - |  |  |  | 371,326,525 |
|  | For the six months ended June 30, 2018 |
|  | As Previously Reported |  |  | Restatement Adjustment |  |  | As Restated |
Total operating expenses |  |  | 492,762 |  |  |  | - |  |  |  | 492,762 |
Net loss from operations |  |  | (492,762 | ) |  |  | - |  |  |  | (492,762 | )
Revaluation of digital currencies |  |  | (193,235 | ) |  |  | 193,235 |  |  |  | - |
Realized gain (loss) on sale of digital currencies |  |  | (51,914 | ) |  |  | 163,053 |  |  |  | 111,139 |
Total other expenses (income) |  |  | (245,149 | ) |  |  | 356,288 |  |  |  | 111,139 |
Net loss |  |  | (737,911 | ) |  |  | 356,288 |  |  |  | (381,623 | )
Basic and Diluted Loss per Share |  |  | (0.00 | ) |  |  | - |  |  |  | (0.00 | )
Basic and Diluted Shares |  |  | 369,781,431 |  |  |  | - |  |  |  | 369,781,431 |
The effect of the restatement on the Company’s consolidated statement of cash flows for the six months ended June 30, 2018 are as follows:
|  | For the six months ended June 30, 2018 |
|  | As Previously Reported |  |  | Restatement Adjustment |  |  | As Restated |
Net loss |  | $ | (737,911 | ) |  | $ | 356,288 |  |  | $ | (381,623 | )
Change in fair value of digital currencies |  |  | 193,235 |  |  |  | (193,235 | ) |  |  | - |
Realized loss (gain) on sale of digital currencies |  |  | 51,914 |  |  |  | (163,053 | ) |  |  | (111,139 | )
Net cash used in operating activities |  |  | (499,844 | ) |  |  | 231,548 |  |  |  | (268,296 | )
Net cash provided by investing activities |  |  | 231,548 |  |  |  | (231,548 | ) |  |  | - |
| The effect of the restatement on the Company’s consolidated balance sheet as of December 31, 2017 are as follows:
|  | December 31, 2017
|  | As Previously Reported |  |  | Restatement Adjustment |  |  | As Restated |
Digital currencies |  | $ | 616,352 |  |  | $ | (399,233 | ) |  | $ | 217,119 |
Total current assets |  |  | 987,422 |  |  |  | (399,233 | ) |  |  | 588,189 |
Total Assets |  |  | 988,657 |  |  |  | (399,233 | ) |  |  | 589,424 |
Accumulated deficit |  |  | (114,117,539 | ) |  |  | (399,233 | ) |  |  | (114,516,772 | )
Total stockholders’ equity |  |  | 912,660 |  |  |  | (399,233 | ) |  |  | 513,427 |
Total Liabilities and stockholders’ equity |  |  | 988,657 |  |  |  | (399,233 | ) |  |  | 589,424 |
The effect of the restatement on the Company’s consolidated statement of operations for the year ended December 31, 2017 are as follows:
|  | For the years ended December 31, 2017 |
|  | As Previously Reported |  |  | Restatement Adjustment |  |  | As Restated |
Gross profit |  | $ | 709,266 |  |  | $ | (704,946 | ) |  | $ | 4,320 |
Revaluation of digital currencies |  |  | 704,946 |  |  |  | (704,946 | ) |  |  | - |
Net loss from operations |  |  | (864,827 | ) |  |  | (704,946 | ) |  |  | (1,569,773 | )
Realized gain on sale of digital currencies |  |  | - |  |  |  | 299,092 |  |  |  | 299,092 |
Other income |  |  | 33,022 |  |  |  | 6,621 |  |  |  | 39,643 |
Total other expenses |  |  | (44,200,509 | ) |  |  | 305,713 |  |  |  | (43,894,796 | )
Net loss |  |  | (45,065,336 | ) |  |  | (399,233 | ) |  |  | (45,464,569 | )
Basic and Diluted Loss per Share |  |  | (0.36 | ) |  |  | (0.01 | ) |  |  | (0.37 | )
Basic and Diluted Shares |  |  | 123,548,858 |  |  |  | - |  |  |  | 123,548,858 |
The effect of the restatement on the Company’s consolidated statement of stockholders’ equity (deficit) as of December 31, 2017 are as follows:
|  | December 31, 2017
|  |  | As Previously Reported |  |  |  | Restatement Adjustment |  |  |  | As Restated |
Net loss |  |  | (45,065,336 | ) |  |  | (399,233 | ) |  |  | (45,464,569 | )
Total stockholders’ equity |  |  | 912,660 |  |  |  | (399,233 | ) |  |  | 513,427 |
The effect of the restatement on the Company’s consolidated statement of cash flows for the year ended December 31, 2017 are as follows:
|  | For the years ended December 31, 2017
|  | As Previously Reported |  |  | Restatement Adjustment |  |  | As Restated |
Net loss |  | $ | (45,065,336 | ) |  | $ | (399,233 | ) |  | $ | (45,464,569 | )
Change in fair value of digital currencies |  |  | (704,946 | ) |  |  | 704,946 |  |  |  | - |
Realized gain on sale of digital currencies |  |  | - |  |  |  | (299,092 | ) |  |  | (299,092 | )
Proceeds from sale of digital currencies |  |  | - |  |  |  | 332,172 |  |  |  | 332,172 |
Decrease in Digital Currencies |  |  | 338,793 |  |  |  | (338,793 | ) |  |  | - |
Net cash used in operating activities |  |  | (1,488,254 | ) |  |  | - |  |  |  | (1,488,254 | )

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- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22663-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22644-107794 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22658-107794 + Details
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