XML 25 R13.htm IDEA: XBRL DOCUMENT v3.25.1
Property, Plant and Equipment
 3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT

NOTE 6 – PROPERTY, PLANT AND EQUIPMENT

 

Property, plant and equipment, net, consisted of the following:

 

   March 31,
2025		   December 31,
2024		 
         
Plant and equipment  $10,404,241   $10,404,241 
Computer equipment   176,151    176,151 
Processing machines (Miners)   77,447,520    77,447,520 
Modular data center   22,103,986    22,103,986 
Motor Vehicles   199,246    199,246 
Transformers   9,344,544    9,344,544 
Low-cost assets   1,075,756    1,069,260 
Leasehold improvements   487,527    487,527 
Total   121,238,971    121,232,475 
Less: Accumulated depreciation   (94,688,973)   (93,161,060)
Property, plant and equipment, net  $26,549,998   $28,071,415 

 

The Company incurred depreciation and amortization expense in the amounts of $1.5 million and $8.0 million for the quarters ended March 31, 2025 and 2024, respectively. There were no impairment charges for the quarters ended March 31, 2025 and 2024.