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Cryptocurrency | 3 Months Ended
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Mar. 31, 2023
Cryptocurrency |
Cryptocurrency | Note 5. Cryptocurrency The Company measures its operations by the number and U.S. Dollar (US$) value of the cryptocurrency rewards it earns from its cryptocurrency mining activities. The Company recognized impairments, or write downs, of cryptocurrency (Bitcoin) rewards to the lowest fair market value of Bitcoin from the time the reward was earned through the end of the reporting period. The impairments amounted to $0 and $106,105 for the three months ended March 31, 2023 and March 31, 2022, respectively. If the subsequent market price of Bitcoin increases, the asset balance will not be adjusted for the increase. The following table presents additional information regarding our cryptocurrency mining operations: Schedule of Additional Information of Cryptocurrency Mining Operations
|  |  | Quantity of Bitcoin |  |  |  | US $ Amounts |
Balance December 31, 2021 |  |  | 6.6 |  |  | $ | 302,654 |
Revenue recognized from cryptocurrency mined |  |  | 8.3 |  |  |  | 343,055 |
Mining pool operating fees |  |  | (0.2 | ) |  |  | (6,868 | )
Impairment of cryptocurrencies |  |  | — |  |  |  | (106,105 | )
Balance March 31, 2022 |  |  | 14.7 |  |  | $ | 532,736 |
Revenue recognized from cryptocurrency mined |  |  | 4.6 |  |  |  | 166,592 |
Mining pool operating fees |  |  | (0.1 | ) |  |  | (3,428 | )
Proceeds from the sale of cryptocurrency |  |  | (18.9 | ) |  |  | (564,205 | )
Realized loss on the sale of cryptocurrency |  |  | — |  |  |  | (131,075 | )
Impairment of cryptocurrencies |  |  | — |  |  |  | (34 | )
Balance June 30, 2022 (1) |  |  | 0.3 |  |  | $ | 586 |
Revenue recognized from cryptocurrency mined |  |  | 0.3 |  |  |  | 7,955 |
Mining pool operating fees |  |  | — |  |  |  | (156 | )
Impairment of cryptocurrencies |  |  | — |  |  |  | (1,035 | )
Balance September 30, 2022 |  |  | 0.6 |  |  | $ | 7,350 |
Revenue recognized from cryptocurrency mined |  |  | — |  |  |  | — |
Mining pool operating fees |  |  | — |  |  |  | — |
Proceeds from the sale of cryptocurrency |  |  | (0.6 | ) |  |  | (11,203 | )
Realized gain on the sale of cryptocurrency |  |  | — |  |  |  | 3,853 |
Balance December 31, 2022 |  |  | — |  |  | $ | — |
Balance beginning |  |  | — |  |  | $ | — |
Revenue recognized from cryptocurrency mined |  |  | — |  |  |  | — |
Mining pool operating fees |  |  | — |  |  |  | — |
Proceeds from the sale of cryptocurrency |  |  | — |  |  |  | — |
Realized gain on the sale of cryptocurrency |  |  | — |  |  |  | — |
Balance March 31, 2023 |  |  | — |  |  | $ | — |
Balance ending |  |  | — |  |  | $ | — |
| (1) | Since June 30, 2022 the Company has neither received meaningful cryptocurrency awards nor generated meaningful revenue from cryptocurrency mining.

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