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DIGITAL CURRENCIES
3 Months Ended
Mar. 31, 2023
Digital Currencies  
DIGITAL CURRENCIES

7. DIGITAL CURRENCIES

 

The following table presents the activities of the digital currencies (included in prepaid expenses and other current assets) for the three months ended March 31, 2023 and 2022:

     
   Digital
Currencies
 
Balance at January 1, 2023  $554,000 
Additions of mined digital currencies   7,347,000 
Impairment of mined cryptocurrency   (139,000)
Sale of digital currencies   (7,780,000)
Realized gain on sale of digital currencies   250,000 
Balance at March 31, 2023  $232,000 

 

   Digital
Currencies
 
Balance at January 1, 2022  $2,165,000 
Additions of mined digital currencies   3,548,000 
Payments to vendors   (412,000)
Impairment of mined cryptocurrency   (439,000)
Sale of digital currencies   (4,377,000)
Realized gain on sale of digital currencies   260,000 
Balance at March 31, 2022  $745,000