XML 28 R18.htm IDEA: XBRL DOCUMENT v3.24.3
CRYPTO ASSETS
 9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
CRYPTO ASSETS

10. CRYPTO ASSETS

 

The following table presents revenue from mined crypto assets for the three and nine months ended September 30, 2024 and 2023:

                    
   For the Three Months Ended   For the Nine Months Ended 
   September 30,   September 30, 
   2024   2023   2024   2023 
Revenue from mined crypto assets at Sentinum owned and operated facilities  $4,362,000   $6,389,000   $19,563,000   $21,103,000 
Revenue from Sentinum crypto mining equipment hosted at third-party facilities   902,000    1,169,000    5,638,000    2,170,000 
Revenue, crypto assets mining  $5,264,000   $7,558,000   $25,201,000   $23,273,000 

 

 

The following table presents the activities of the crypto assets (included in prepaid expenses and other current assets) for the nine months ended September 30, 2024 and 2023:

          
   For the Nine Months Ended 
   September 30, 
   2024   2023 
Balance at January 1  $546,000   $554,000 
Additions of mined crypto assets   19,563,000    21,103,000 
Sale of crypto assets   (20,038,000)   (21,330,000)
Payments to vendors with crypto assets   (31,000)   (20,000)
Payment of notes payable with crypto assets   (506,000)   - 
Payment of interest payable with crypto assets   (142,000)   - 
Realized gain on sale of crypto assets   649,000    404,000 
Unrealized gain on crypto assets   24,000    - 
Impairment of mined crypto assets   -    (376,000)
Balance at September 30  $65,000   $335,000