Property and Equipment

6 Months Ended

Jun. 30, 2018

Property, Plant and Equipment [Abstract]

Property and Equipment

Note 5. Property and Equipment

Property and equipment consisted of the following:

	As of
	June 30, 2018			December 31, 2017
Computer hardware and software	$	17		$	10
Crypto-currency mining machines		10,197			3,685
Property and equipment, gross		10,214			3,695
Less: Accumulated depreciation		(1,767	)		(579	)
Property and equipment, net	$	8,447		$	3,116

The Company recorded depreciation expense of $708 and $97 for the three months ended June 30, 2018 and 2017, respectively. The Company recorded depreciation expense of $1,189 and $196 for the six months ended June 30, 2018 and 2017, respectively.

On February 9, 2018, the Company sold Bitcoin machines with an aggregate book value of $474 for gross proceeds of $427 and recorded a loss on the sale of $47.