Property and Equipment

3 Months Ended

Mar. 31, 2018

Property, Plant and Equipment [Abstract]

Property and Equipment

Note 5. Property and Equipment

Property and equipment consisted of the following:

	As of
	March 31, 2018			December 31, 2017
Computer hardware and software	$	10		$	10
Crypto-currency mining machines		10,198			3,685
Property and equipment, gross		10,208			3,695
Less: Accumulated depreciation		(1,060	)		(579	)
Property and equipment, net	$	9,148		$	3,116

The Company recorded depreciation expense of $481 and $99 for the three months ended March 31, 2018 and 2017, respectively.

During the three months ended March 31, 2018, the Company sold Bitcoin machines with an aggregate book value of $474 for gross proceeds of $427 and recorded a loss on sale of $47.