XML 72 R12.htm IDEA: XBRL DOCUMENT v3.19.3
OTHER EXPENSE
9 Months Ended
Sep. 30, 2019
Other Income and Expenses [Abstract]  
OTHER EXPENSE

5. OTHER EXPENSE

 

Other expense in the consolidated statements of operations reports certain gains and losses associated with activities not directly related to our core operations. For the three months ended September 30, 2019, other non-operating expense was $2.1 million, as compared to $267 during the three months ended September 30, 2018. For the three months ended September 30, 2019, included in other non-operating expense was a loss of $1.9 million related to the mark to market adjustment on the fair value of common stock and warrants received in connection with the Merger of PCPI, CleanSpark and the Merger Sub.

 

For the nine months ended September 30, 2019, other non-operating expense was $2.6 million, as compared to $615 during the nine months ended September 30, 2018. For the nine months ended September 30, 2019, included in other non-operating expense was a loss of $2.2 million related to the mark to market adjustment on the fair value of common stock and warrants received in connection with the Merger of PCPI, CleanSpark and the Merger Sub.