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SUBSEQUENT EVENTS | 6 Months Ended
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Jun. 30, 2018
Subsequent Events [Abstract] |
SUBSEQUENT EVENTS | 16. SUBSEQUENT EVENTS As previously reported, on May 2, 2018, PCEP entered into the Asset Purchase Agreement with CleanSpark, pursuant to which PCEP will sell certain assets comprising the PCEP business to CleanSpark. On June 29, 2018, PCEP and CleanSpark entered into the Letter Agreement whereby the parties agreed to extend the Termination Date from June 30, 2018 to October 15, 2018. On July 16, 2018, each of PCEP and CleanSpark signed the Second Letter Agreement, which further extended the Termination Date to December 31, 2018. The Company has agreed to extend the closing of the sale through December 31, 2018 to allow all parties additional time to satisfy all closing conditions. No other provisions of the Asset Purchase Agreement were otherwise amended or waived, and the Asset Purchase Agreement remains in full force and effect.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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