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Digital assets

12 Months Ended

Dec. 31, 2022

3. Digital assets

	2022		2021
	Year ended December 31
	2022		2021

USDC proceeds from the issuance of preferred shares		5,000,000		5,000,000
Balance of USDC proceeds from the issuance of new ordinary shares		2,000,000		-
Bitcoin (BTC) receipts as mining income		87,747		-
Total		7,087,747		5,000,000

For the year ended December 31, 2022, the Company made an allowance of $84,750 to recognize an impairment of its holdings of bitcoin.

Schedule of Digital Asset

	2022			2021
	Year ended December 31
	2022			2021
USDC:
Balance at January 1		5,000,000			-
Proceeds from issuance of new preferred shares		-			5,000,000
Proceeds from issuance of new ordinary shares		33,200,000			-
Procurement of used equipment shipped from China		(29,800,000	)		-
Purchase of local additional equipment and services		(1,400,000	)		-
					-
Balance at December 31		7,000,000			5,000,000

BTC
Balance at January 1					-
Receipts as mining income		164,428			-
Provision for impairment in value		(76,681	)		-
Balance at December 31		87,747			-