XML 26 R13.htm IDEA: XBRL DOCUMENT
v3.22.1

Property and Equipment | 12 Months Ended
--- | ---
Dec. 31, 2021
Property, Plant and Equipment [Abstract] |
PROPERTY AND EQUIPMENT |
NOTE 6:- | PROPERTY AND EQUIPMENT
Property and equipment, net, consisted of the following as of December 31, 2021:
|  | Plant and equipment |  |  | Computer equipment |  |  | Furniture & fixtures |  |  | Processing machines (Miners) |  |  | Modular data center |  |  | Motor Vehicles |  |  | Transformers |  |  | Low-cost assets |  |  | Assets under construction |  |  | Total |
Cost as of December 31, 2020 |  |  | 33,859 |  |  |  | 40,933 |  |  |  | 4,444 |  |  |  | 10,496,165 |  |  |  | 1,660,710 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 12,236,111 |
Disposals |  |  | (80,000 | ) |  |  | - |  |  |  | - |  |  |  | (151,255 | ) |  |  | (179,492 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (410,747 | )
Additions |  |  | 1,093,007 |  |  |  | 175,166 |  |  |  | 27,030 |  |  |  | 70,996,188 |  |  |  | 8,338,578 |  |  |  | 250,425 |  |  |  | 1,190,609 |  |  |  | 246,154 |  |  |  | 1,008,001 |  |  |  | 83,325,158 |
Accumulated depreciation |  |  | (33,461 | ) |  |  | (22,333 | ) |  |  | (4,610 | ) |  |  | (16,546,363 | ) |  |  | (1,354,578 | ) |  |  | (4,173 | ) |  |  | (2,000 | ) |  |  | (246,154 | ) |  |  | - |  |  |  | (18,213,672 | )
Closing balance as of December 31, 2021 |  |  | 1,013,405 |  |  |  | 193,766 |  |  |  | 26,864 |  |  |  | 64,794,735 |  |  |  | 8,465,218 |  |  |  | 246,252 |  |  |  | 1,188,609 |  |  |  | - |  |  |  | 1,008,001 |  |  |  | 76,936,850 |
Property and equipment, net, consisted of the following as of December 31, 2020:
|  | Plant and equipment |  |  | Computer equipment |  |  | Furniture & fixtures |  |  | Processing machines (Miners) |  |  | Modular data center |  |  | Total |
Cost as of December 31, 2019 |  |  | 33,859 |  |  |  | 40,933 |  |  | $ | 4,444 |  |  |  | 10,496,165 |  |  |  | 1,660,710 |  |  |  | 12,236,111 |
Accumulated depreciation |  |  | (2,753 | ) |  |  | (18,090 | ) |  |  | (2,366 | ) |  |  | (4,310,174 | ) |  |  | (887,443 | ) |  |  | (5,220,826 | )
Closing balance as of December 31, 2020 |  |  | 31,106 |  |  |  | 22,843 |  |  | $ | 2,078 |  |  |  | 6,185,991 |  |  |  | 773,267 |  |  |  | 7,015,285 |
The Company incurred depreciation and amortization expense in the amounts of $14,113,730 and $4,620,725 for the year ended December 31, 2021 and December 31, 2020, respectively. There were no impairment charges recognized for property and equipment for either the year ended December 31, 2021, or December 31, 2020.

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=120429125&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration