XML 26 R13.htm IDEA: XBRL DOCUMENT v3.8.0.1
Property and Equipment
12 Months Ended
Dec. 31, 2017
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 7. Property and Equipment

 

Property and equipment consisted of the following:

 

    As of December 31,  
    2017     2016  
Computer hardware and software   $ 10     $ 10  
Crypto-currency mining machines     3,685       708  
Property and equipment, gross     3,695       718  
Less: Accumulated depreciation     (579 )     (116 )
Property and equipment, net   $ 3,116     $ 602  

 

The Company recorded depreciation expense of $946 and $126 for the years ended December 31, 2017 and 2016, respectively.

 

During the year ended December 31, 2017, the Company sold bitcoin machines with an aggregate book value of $606 for gross proceeds of $976 and recorded a gain on sale of $370.