0001493152-20-008756.txt : 20200514 0001493152-20-008756.hdr.sgml : 20200514 20200514161639 ACCESSION NUMBER: 0001493152-20-008756 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 52 CONFORMED PERIOD OF REPORT: 20200331 FILED AS OF DATE: 20200514 DATE AS OF CHANGE: 20200514 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MGT CAPITAL INVESTMENTS, INC. CENTRAL INDEX KEY: 0001001601 STANDARD INDUSTRIAL CLASSIFICATION: PATENT OWNERS & LESSORS [6794] IRS NUMBER: 134148725 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-32698 FILM NUMBER: 20877997 BUSINESS ADDRESS: STREET 1: 150 FAYETTEVILLE STREET, STREET 2: SUITE 1110 CITY: RALEIGH STATE: NC ZIP: 27601 BUSINESS PHONE: (914) 630-7430 MAIL ADDRESS: STREET 1: 150 FAYETTEVILLE STREET, STREET 2: SUITE 1110 CITY: RALEIGH STATE: NC ZIP: 27601 FORMER COMPANY: FORMER CONFORMED NAME: MGT CAPITAL INVESTMENTS INC DATE OF NAME CHANGE: 20070117 FORMER COMPANY: FORMER CONFORMED NAME: MEDICSIGHT INC DATE OF NAME CHANGE: 20021113 FORMER COMPANY: FORMER CONFORMED NAME: HTTP TECHNOLOGY INC DATE OF NAME CHANGE: 20001016 10-Q 1 form10-q.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10–Q

[X]	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2020

[ ]	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ______________ to ______________

Commission file number: 001–32698

MGT CAPITAL INVESTMENTS, INC.

(Exact name of registrant as specified in its charter)

Delaware		13–4148725
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

150 Fayetteville Street, Suite 1110

Raleigh, NC 27601

(Address of principal executive offices)

(914) 630–7430

(Registrant’s telephone number, including area code)

Shares registered pursuant to section 12(b) of the Act: None.

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes [X] No [ ]

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S–T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes [X] No [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non–accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b–2 of the Exchange Act.

Large accelerated filer [ ]	Accelerated filer [ ]
Non–accelerated filer [ ]	Smaller reporting company [X]
	Emerging growth company [ ]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b–2 of the Exchange Act).

Yes [ ] No [X]

As of May 14, 2020, there were 462,931,961 shares of the registrant’s Common stock, $0.001 par value per share, issued and outstanding.

MGT CAPITAL INVESTMENTS, INC.

FORM 10-Q FOR THE QUARTER ENDED MARCH 31, 2020

TABLE OF CONTENTS

	Page
PART I. FINANCIAL INFORMATION
Item 1. Financial statements
Condensed Consolidated Balance Sheets as of March 31, 2020 (Unaudited) and December 31, 2019	1
Condensed Consolidated Statements of Operations (Unaudited) for the three months ended March 31, 2020 and 2019	2
Condensed Consolidated Statements of Changes in Stockholders’ Equity (Unaudited) for the three months ended March 31, 2020 and 2019	3
Condensed Consolidated Statements of Cash Flows (Unaudited) for the three months ended March 31, 2020 and 2019	4
Notes to the Unaudited Condensed Consolidated Financial Statements	6
Item 2. Management’s discussion and analysis of financial condition and results of operations	19
Item 3. Quantitative and qualitative disclosures about market risk	24
Item 4. Controls and procedures	24
PART II. OTHER INFORMATION	25
Item 1. Legal proceedings	25
Item 1A. Risk factors	26
Item 2. Unregistered sales of equity securities and use of proceeds	26
Item 3. Defaults upon senior securities	26
Item 4. Mine safety disclosures	26
Item 5. Other information	26
Item 6. Exhibits	27
Signatures	28

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

MGT CAPITAL INVESTMENTS, INC. AND SUBSIDIARY

CONDENSED CONSOLIDATED BALANCE SHEETS

(Dollars in thousands, except per-share amounts)

	March 31, 2020			December 31, 2019
	(Unaudited)

Assets
Current assets
Cash and cash equivalents	$	18		$	216
Prepaid expenses and other current assets		100			125
Intangible digital assets		12			18
Total current assets		130			359

Non-current assets
Property and equipment, at cost, net		3,740			3,536
Right of use asset, operating lease, net of accumulated amortization		69			78
Other assets		157			321
Total assets	$	4,096		$	4,294

Liabilities and Stockholders’ Equity
Current liabilities
Accounts payable	$	1,249		$	795
Accrued expenses and other payables		123			26
Note payable, net of discount		124			52
Management agreement termination liability		58			116
Operating lease liability		18			19
Total current liabilities		1,572			1,008

Non-current liabilities
Operating lease liability		51			59
Total liabilities		1,623			1,067

Commitments and Contingencies (Note 9)

Stockholders’ Equity
Undesignated preferred stock, $0.001 par value, 8,489,800 shares authorized. No shares issued and outstanding at March 31, 2020 and December 31, 2019.		-			-
Series B preferred stock, $0.001 par value, 10,000 shares authorized. No shares issued or outstanding at March 31, 2020 and December 31, 2019.		-			-
Series C convertible preferred stock, $0.001 par value, 200 and 200 shares authorized at March 31, 2020 and December 31, 2019, respectively. 115 and 115 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively		-			-
Common stock, $0.001 par value; 2,500,000,000 shares authorized; 446,448,446 and 413,701,289 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively.		447			414
Additional paid-in capital		417,852			417,315
Accumulated deficit		(415,826	)		(414,502	)
Total stockholders’ equity		2,473			3,227

Total Liabilities and Stockholders’ Equity	$	4,096		$	4,294

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements

MGT CAPITAL INVESTMENTS, INC. AND SUBSIDIARY

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Dollars in thousands, except per-share amounts)

(Unaudited)

	For the Three Months Ended March 31
	2020			2019

Revenue	$	677		$	28

Operating expenses
Cost of revenue		605			86
General and administrative		1,030			1,914
Total operating expenses		1,635			2,000

Operating loss		(958	)		(1,972	)

Other non-operating income (expense)
Interest income (expense)		10			(3	)
Change in fair value of liability		15			-
Accretion of debt discount		(421	)		(1,127	)
Gain on sale of property and equipment		30			82
Gain on extinguishment of debt		-			1,311
Total non-operating income (expense)		(366	)		263

Net loss attributable to common stockholders	$	(1,324	)	$	(1,709	)

Per-share data
Basic and diluted loss per share	$	(0.00	)	$	(0.01	)

Weighted average number of common shares outstanding		425,051,549			122,404,668

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements

MGT CAPITAL INVESTMENTS, INC. AND SUBSIDIARY

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ (DEFICIT) EQUITY

FOR THE THREE MONTHS ENDED MARCH 31, 2020 AND 2019

(Dollars in thousands, except per-share amounts)

(Unaudited)

	Preferred Stock				Common Stock				Additional Paid-In		Subscription			Accumulated
	Shares		Amount		Shares		Amount		Capital		Receivable			Deficit			Total
Balance at January 1, 2020		115	$	-		413,701,289	$	414	$	417,315	$	-		$	(414,502	)	$	3,227
Stock based compensation - employee restricted stock		-		-		-		-		220		-			-			220
Common stock issued on conversion of note payable		-		-		32,747,157		33		317		-			-			350
Net loss		-		-		-		-		-		-			(1,324	)		(1,324	)
Balance at March 31, 2020		115	$	-		446,448,446	$	447	$	417,852	$	-		$	(415,826	)	$	2,473

Balance at January 1, 2019		-	$	-		111,079,683	$	111	$	403,299	$	-		$	(404,719	)	$	(1,309	)
Stock based compensation		-		-		-		-		894		-			-			894
Stock issued for services		-		-		160,500		-		60		-			-			60
Sale of stock under equity purchase agreement		-		-		43,100,000		43		2,111		(346	)		-			1,808
Cumulative effect adjustment related to ASU adoption		-		-		-		-		-		-			3			3
Net loss		-		-		-		-		-		-			(1,709	)		(1,709	)
Balance at March 31, 2019		-	$	-		154,340,183	$	154	$	406,364	$	(346	)	$	(406,425	)	$	(253	)

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements

MGT CAPITAL INVESTMENTS, INC. AND SUBSIDIARY

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Dollars in thousands, except per-share amounts)

(Unaudited)

	For the Three Months Ended March 31,
	2020			2019
Cash Flows From Operating Activities
Net loss	$	(1,324	)	$	(1,709	)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities
Depreciation		342			-
Gain on sale of property and equipment		(30	)		(82	)
Change in fair value of liability		(15	)		-
Stock-based compensation expense		220			949
Extinguishment of note payable		-			(1,311	)
Amortization of note discount		421			1,127
Change in operating assets and liabilities
Prepaid expenses and other current assets		57			52
Intangible digital assets		6			30
Management agreement termination liability		(44	)		-
Right of use asset		9			18
Operating lease liability		(9	)		(18	)
Accounts payable		453			(174	)
Accrued expenses		97			9
Net cash provided by provided by (used in) operating activities		183			(1,109	)

Cash Flows From Investing Activities
Purchase of property and equipment		(343	)		-
Payment of security deposit		(38	)		-
Net cash used in investing activities		(381	)		-

Cash Flows From Financing Activities
Proceeds from sale of stock under equity purchase agreement, net of issuance costs		-			1,457
Repayment of notes payable		-			(82	)
Net cash provided by financing activities		-			1,375

Net change in cash and cash equivalents		(198	)		266

Cash and cash equivalents, beginning of period		216			96

Cash and cash equivalents, end of period	$	18		$	362

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements

MGT CAPITAL INVESTMENTS, INC. AND SUBSIDIARY

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Dollars in thousands, except per-share amounts)

(Unaudited)

	For the Three Months Ended March 31,
	2020		2019
Supplemental disclosure of cash flow information
Cash paid for interest	$	-	$	3

Cash paid for income tax	$	-	$	-

Non-cash investing and financing activities
Cumulative effect adjustment related to ASU adoption	$	-	$	3
Conversion of notes payable into common stock	$	350	$	-
Repayment of note payable and interest through the issuance of shares under the equity purchase agreement	$	-	$	351

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements

MGT CAPITAL INVESTMENTS, INC. AND SUBSIDIARY

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands, except per–share amounts)

Note 1. Organization and Basis of Presentation

Organization

MGT Capital Investments, Inc. (“MGT” or the “Company”) was incorporated in Delaware in 2000. MGT was originally incorporated in Utah in 1977. MGT is comprised of the parent company and its wholly owned subsidiary MGT Sweden AB. MGT’s corporate office is in Raleigh, North Carolina.

Cryptocurrency mining

Current Operations

The Company operates 1,500 new generation Bitcoin miners at its Company-owned and managed facility located in LaFayette, GA. All miners were purchased from Bitmaintech Pte. Ltd., a Singapore limited company (“Bitmain”), and are collectively rated at approximately 80 Ph/s in computing power. The Company’s miners are housed in five modified shipping containers including two manufactured by Bit5ive LLC of Miami, Florida (“Pod5ive Containers”). A utility substation, adjacent to the several acre property, has access to over 20 megawatts (MW) of low-cost power. The Company’s current electrical load is estimated at slightly over 3.0 MW. The entire facility, including the land, five 2500 KVA 3-phase transformers, the mining containers, and miners, are owned by MGT. As the Company is presently using only one-third of the built-out available electrical load, it is exploring ways to grow its current operations.

Former Operations

Prior to establishing its Company-owned and managed facility, the Company conducted its Bitcoin mining operations through third-party hosting arrangements. The Company also entered into management agreements with third party investors whereby the investors purchased the mining hardware, and the Company received both a fee to manage the mining operations plus one-half of the net operating profit.

Due to the steadily declining price of Bitcoin throughout the first quarter of 2019, the Company decided it was not economically responsible to continue mining operations until Bitcoin economics improved, which occurred in May 2019. In March 2019, the Company entered into a settlement agreement to terminate its initial hosting agreement in Washington and conveyed ownership of its onsite mining assets for full satisfaction of outstanding hosting service fees. In August and September 2019, the Company terminated its management agreements with third party investors and in December 2019, terminated its hosting arrangements in Colorado and Ohio.

Basis of presentation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10–Q and Rule 10 of Regulation S–X. Accordingly, they do not include all of the information and notes required by accounting principles generally accepted in the United States of America. However, in the opinion of the management of the Company, all adjustments necessary for a fair presentation of the financial position and operating results have been included in these statements. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10–K for the fiscal year ended December 31, 2019, as filed with the SEC on March 30, 2020. Operating results for the three months ended March 31, 2020 are not necessarily indicative of the results that may be expected for any subsequent quarters or for the year ending December 31, 2020.

The recent outbreak of COVID-19, which has been declared by the World Health Organization to be a pandemic, has spread across the globe and is impacting worldwide economic activity. A pandemic, including COVID-19, or other public health epidemic poses the risk that the Company or its employees and its business partners may be prevented from conducting business activities at full capacity for an indefinite period of time, including due to spread of the disease within these groups or due to shutdowns that may be requested or mandated by governmental authorities. While it is not possible at this time to estimate the impact that COVID-19 could have on the Company’s business, the continued spread of COVID-19 and the measures taken by the governments of countries affected which the Company conducts business with could disrupt the Company’s business. The COVID-19 outbreak and mitigation measures may also have an adverse impact on global economic conditions, which could have an adverse effect on the Company’s business and financial condition, including on its potential to conduct financings on terms acceptable to the Company, if at all. In addition, the Company may take temporary precautionary measures intended to help minimize the risk of the virus to its employees, including temporarily requiring all employees to work remotely and suspending all non-essential travel for its employees, which could negatively affect the Company’s business. The extent to which the COVID-19 outbreak impacts the Company’s results will depend on future developments that are highly uncertain and cannot be predicted, including new information that may emerge concerning the severity of the virus and the actions to contain its impact.

Note 2. Going Concern and Management’s Plans

The accompanying unaudited condensed consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As of March 31, 2020, the Company had incurred significant operating losses since inception and continues to generate losses from operations. As of March 31, 2020, the Company had an accumulated deficit of $415,826. As of March 31, 2020, and May 14, 2020, MGT’s cash and cash equivalents were $18 and $65, respectively.

MGT CAPITAL INVESTMENTS, INC. AND SUBSIDIARY

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands, except per–share amounts)

Note 2. Going Concern and Management’s Plans, continued

In January 2020, management completed the initial phase of its plan to consolidate its activities in Company-owned and managed facilities, executing on its expansion model to secure low cost power and grow its cryptocurrency assets. The Company will need to raise additional funding to grow its operations and to pay current maturities of debt. There can be no assurance however that the Company will be able to raise additional capital when needed, or at terms deemed acceptable, if at all. The Company’s ability to raise additional capital will also be impacted by the volatility of Bitcoin and the recent outbreak of COVID-19, both of which are highly uncertain, cannot be predicted and could have an adverse effect on the Company’s business and financial condition. Such factors raise substantial doubt about the Company’s ability to sustain operations for at least one year from the issuance of these unaudited condensed consolidated financial statements. The accompanying unaudited condensed consolidated financial statements do not include any adjustments related to the recoverability and classification of asset amounts or the classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

Note 3. Summary of Significant Accounting Policies

Principles of consolidation

The unaudited condensed consolidated financial statements include the accounts of MGT and MGT Sweden AB. All intercompany transactions and balances have been eliminated.

Reclassification

Certain amounts in prior periods have been reclassified to conform to current period presentation. These reclassifications had no effect on the previously reported net loss.

Use of estimates and assumptions and critical accounting estimates and assumptions

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the financial statements, and also affect the amounts of revenues and expenses reported for each period. Actual results could differ from those which result from using such estimates. Management utilizes various other estimates, including but not limited to determining the estimated lives of long-lived assets, stock compensation, determining the potential impairment of long-lived assets, the fair value of warrants issued, the fair value of conversion features, the recognition of revenue, the valuation allowance for deferred tax assets and other legal claims and contingencies. The results of any changes in accounting estimates are reflected in the financial statements in the period in which the changes become evident. Estimates and assumptions are reviewed periodically, and the effects of revisions are reflected in the period that they are determined to be necessary.

Revenue recognition

The Company’s primary revenue stream is related to the mining of digital currencies. The Company derives its revenue by solving “blocks” to be added to the blockchain and providing transaction verification services within the digital currency network of Bitcoin, commonly termed “cryptocurrency mining.” In consideration for these services, the Company receives digital currency (“Coins”). The Coins are recorded as revenue, using the average spot price of Bitcoin on the date of receipt. The Coins are recorded on the balance sheet as an intangible digital asset valued at the lower of cost or net realizable value. Net realizable value adjustments, to adjust the value of Coins to market value, are included in cost of revenue on the Company’s consolidated statement of operations. Further, any gain or loss on the sale of Coins would be recorded to costs of revenue. Costs of revenue include electricity costs, equipment and infrastructure depreciation, and net realizable value adjustments. During 2019, costs of revenues also included hosting fees based on third-party hosting agreements, all of which were terminated as of December 31, 2019.

The Company also recognizes a royalty participation upon the sale of Pod5ive Containers by Bit5ive LLC under the terms of a collaboration agreement entered in August 2018.

MGT CAPITAL INVESTMENTS, INC. AND SUBSIDIARY

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands, except per–share amounts)

Note 3. Summary of Significant Accounting Policies, continued

Property and Equipment

Property and equipment are stated at cost less accumulated depreciation. Depreciation is calculated using the straight–line method on the various asset classes over their estimated useful lives, which range from one to ten years when placed in service. The cost of repairs and maintenance is expensed as incurred; major replacements and improvements are capitalized. When assets are retired or disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gains or losses are included in income in the year of disposition. Deposits on property and equipment are initially classified as Other Assets and upon delivery, installation and full payment, the assets are classified as property and equipment on the consolidated balance sheet.

Income taxes

The Company accounts for income taxes in accordance with ASC 740, “Income Taxes”. ASC 740 requires an asset and liability approach for financial accounting and reporting for income taxes and established for all the entities a minimum threshold for financial statement recognition of the benefit of tax positions and requires certain expanded disclosures. The provision for income taxes is based upon income or loss after adjustment for those permanent items that are not considered in the determination of taxable income. Deferred income taxes represent the tax effects of differences between the financial reporting and tax basis of the Company’s assets and liabilities at the enacted tax rates in effect for the years in which the differences are expected to reverse. The Company evaluates the recoverability of deferred tax assets and establishes a valuation allowance when it is more likely than not that some portion or all the deferred tax assets will not be realized. Management makes judgments as to the interpretation of the tax laws that might be challenged upon an audit and cause changes to previous estimates of tax liability. In management’s opinion, adequate provisions for income taxes have been made. If actual taxable income by tax jurisdiction varies from estimates, additional allowances or reversals of reserves may be necessary.

Loss per share

Basic loss per share is calculated by dividing net loss applicable to common shareholders by the weighted average number of common shares outstanding during the period. Diluted loss per share is calculated by dividing the net loss attributable to common shareholders by the sum of the weighted average number of common shares outstanding plus potential dilutive common shares outstanding during the period. Potential dilutive securities, comprised of unvested restricted shares, convertible debt, convertible preferred stock, stock warrants and stock options, are not reflected in diluted net loss per share because such potential shares are anti–dilutive due to the Company’s net loss.

Accordingly, the computation of diluted loss per share for the three months ended March 31, 2020 excludes 266,667 unvested restricted shares, 68,904,286 shares issuable upon the conversion of convertible debt, and 126,373,626 shares issuable under convertible preferred stock. The computation of diluted loss per share for the three months ended March 31, 2019 excludes 2,650,001 unvested restricted shares, 6,000,000 shares issuable under stock options, 100,743,629 shares issuable upon conversion of convertible debt, and 5,477,975 shares issuable under warrants.

Stock–based compensation

The Company recognizes compensation expense for all equity–based payments in accordance with ASC 718 “Compensation – Stock Compensation”. Under fair value recognition provisions, the Company recognizes equity–based compensation net of an estimated forfeiture rate and recognizes compensation cost only for those shares expected to vest over the requisite service period of the award.

Restricted stock awards are granted at the discretion of the compensation committee of the board of directors of the Company (the “Board of Directors”). These awards are restricted as to the transfer of ownership and generally vest over the requisite service periods, typically over a 12 to 24-month period (vesting on a straight–line basis). The fair value of a stock award is equal to the fair market value of a share of the Company’s common stock on the grant date.

MGT CAPITAL INVESTMENTS, INC. AND SUBSIDIARY

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands, except per–share amounts)

Note 3. Summary of Significant Accounting Policies, continued

The fair value of an option award is estimated on the date of grant using the Black–Scholes option valuation model. The Black–Scholes option valuation model requires the development of assumptions that are inputs into the model. These assumptions are the expected stock volatility, the risk–free interest rate, the expected life of the option, the dividend yield on the underlying stock and the expected forfeiture rate. Expected volatility is calculated based on the historical volatility of the Company’s common stock over the expected term of the option. Risk–free interest rates are calculated based on continuously compounded risk–free rates for the appropriate term.

Determining the appropriate fair value model and calculating the fair value of equity–based payment awards requires the input of the subjective assumptions described above. The assumptions used in calculating the fair value of equity–based payment awards represent management’s best estimates, which involve inherent uncertainties and the application of management’s judgment. The Company is required to estimate the expected forfeiture rate and recognize expense only for those shares expected to vest.

The Company accounts for share–based payments granted to non–employees in accordance with ASC 505–50, “Equity Based Payments to Non–Employees.” The Company determines the fair value of the stock–based payment as either the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more readily determinable. If the fair value of the equity instruments issued is used, it is measured using the stock price and other measurement assumptions as of the earlier of either (1) the date at which a commitment for performance by the counterparty to earn the equity instruments is reached, or (2) the date at which the counterparty’s performance is complete.

Fair Value Measure and Disclosures

ASC 820 “Fair Value Measurements and Disclosures” provides the framework for measuring fair value. That framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

Fair value is defined as an exit price, representing the amount that would be received upon the sale of an asset or payment to transfer a liability in an orderly transaction between market participants. Fair value is a market-based measurement that is determined based on assumptions that market participants would use in pricing an asset or liability. A three-tier fair value hierarchy is used to prioritize the inputs in measuring fair value as follows:

	●	Level 1 Quoted prices in active markets for identical assets or liabilities.
	●	Level 2 Quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable, either directly or indirectly.
	●	Level 3 Significant unobservable inputs that cannot be corroborated by market data.

As of March 31, 2020, the Company had a Level 3 financial instrument related to the management agreement termination liability. Observable transactions are not available to aid in determining the fair value of the management agreement termination liability. Therefore, the fair value was determined based on the remaining payments which include two components that are based on market conditions, Bitcoin price and Difficulty Rate, thus requiring the liability to be adjusted to fair value on a periodic basis. The fair value of Bitcoin price and Difficulty Rate are obtained on quoted prices in active markets.

Gain (Loss) on Modification/Extinguishment of Debt

In accordance with ASC 470, a modification or an exchange of debt instruments that adds or eliminates a conversion option that was substantive at the date of the modification or exchange is considered a substantive change and is measured and accounted for as extinguishment of the original instrument along with the recognition of a gain/loss. Additionally, under ASC 470, a substantive modification of a debt instrument is deemed to have been accomplished with debt instruments that are substantially different if the present value of the cash flows under the terms of the new debt instrument is at least 10 percent different from the present value of the remaining cash flows under the terms of the original instrument. A substantive modification is accounted for as an extinguishment of the original instrument along with the recognition of a gain/loss.

MGT CAPITAL INVESTMENTS, INC. AND SUBSIDIARY

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands, except per–share amounts)

Note 3. Summary of Significant Accounting Policies, continued

Cash and cash equivalents

The Company considers all highly liquid instruments with an original maturity of three months or less when acquired to be cash equivalents. The Company’s combined accounts were $18 and $216 as of March 31, 2020 and December 31, 2019, respectively. Since the FDIC’s insurance coverage is for combined account balances that do not exceed $250, there is no concentration of credit risks.

Recent accounting pronouncements

Management does not believe that any recently issued, but not yet effective accounting pronouncements, when adopted, will have a material effect on the accompanying consolidated financial statements, other than those disclosed below.

Equity-linked instruments

The Company accounts for equity-linked instruments with certain anti-dilution provisions in accordance with ASC 815 and ASC 260. Under this guidance, the Company excludes instruments with certain down round features when determining whether a financial instrument (or embedded conversion feature) is considered indexed to the Company’s own stock. As a result, financial instruments (or embedded conversion features) with down round features are not required to be classified as derivative liabilities. The Company recognizes the value of a down round feature only when it is triggered and the exercise or conversion price has been adjusted downward. For equity-classified freestanding financial instruments, such as warrants, the Company treats the value of the effect of the down round, when triggered, as a deemed dividend and a reduction of income available to common stockholders in computing basic earnings per share. For convertible instruments with embedded conversion features containing down round provisions, the Company recognizes the value of the down round as a beneficial conversion discount to be amortized to earnings.

Impairment of long-lived assets

Long-lived assets are reviewed for impairment whenever facts or circumstances either internally or externally may suggest that the carrying value of an asset may not be recoverable, Should there be an indication of impairment, we test for recoverability by comparing the estimated undiscounted future cash flows expected to result from the use of the asset to the carrying amount of the asset or asset group. Any excess of the carrying value of the asset or asset group over its estimated fair value is recognized as an impairment loss.

Management’s evaluation of subsequent events

The Company evaluates events that have occurred after the balance sheet date but before the financial statements are issued. Based upon the review, other than what is described in Note 11 – Subsequent Events, the Company did not identify any recognized or non-recognized subsequent events that would have required adjustment or disclosure in the unaudited condensed consolidated financial statements.

Note 4. Property, Plant, and Equipment and Other Assets

Property and equipment consisted of the following:

	As of
	March 31, 2020			December 31, 2019
Land	$	57		$	57
Computer hardware and software		10			10
Bitcoin mining machines		2,313			2,313
Infrastructure		998			771
Containers		782			467
Leasehold improvements		4			-
Property and equipment, gross		4,164			3,618
Less: Accumulated depreciation		(424	)		(82	)
Property and equipment, net	$	3,740		$	3,536

MGT CAPITAL INVESTMENTS, INC. AND SUBSIDIARY

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands, except per–share amounts)

Note 4. Property, Plant, and Equipment and Other Assets, continued

The Company recorded depreciation expense of $342 and $0 for the three months ended March 31, 2020 and 2019, respectively. No depreciation was recorded during the three months ended March 31, 2019 as the Company fully impaired all its property and equipment as of December 31, 2018.

Other Assets consisted of the following:

	As of
	March 31, 2020		December 31, 2019
Deposits on containers	$	-	$	203
Security deposits		157		118
Other Assets	$	157	$	321

During September 2019, the Company entered into an agreement to purchase two containers to house the Bitcoin mining machines and paid a deposit of $203. Full payment on these containers was made upon delivery and installation in January 2020, at which time the cost of containers was reclassified to property and equipment and depreciated over the estimated useful life of 5 years using the straight-line method. The Company has paid $154 in security deposits related to its electrical contract, see Note 9, and $3 related to its office lease in Raleigh, NC.

Note 5. Notes Payable

May 2018 Notes

On May 23, 2018, the Company entered into a securities purchase agreement with two accredited investors, pursuant to which the Company issued $840 in unsecured promissory notes for aggregate consideration of $700 (the “May 2018 Notes”), with an initial maturity date of March 23, 2019. On January 7, 2019, and again on March 28, 2019 the Company entered amendments to one of the May 2018 Notes, whereby the parties agreed to extend the maturity date of the note to July 15, 2019, agreed to forego certain monthly installments, and agreed prospective installments were to be paid in cash unless the Company elected to make payments in shares of the Company’s common stock, at a price equal to the lowest VWAP of the Company’s common stock during the preceding twenty trading days multiplied by 70%, or any lower price made available to any other holder of the Company’s securities. In consideration of these amendments, the Company incurred extension fees of $121. Because these amendments were considered substantive changes, the Company accounted for the modifications as extinguishments of debt and recorded a gain of $320 during the three months ended March 31, 2019.

On April 9, 2019, the Company entered an amendment to one of its May 2018 Notes, whereby the parties agreed to extend the maturity date of the note to August 15, 2019, agreed to forego certain monthly installments, and provided a substantial conversion feature allowing the lender, in its sole discretion, the right to convert prospective installments into shares of the Company’s common stock, at a price equal to the lowest intra-day price of the Company’s common stock during the preceding twenty trading days multiplied by 70%, or any lower price made available to any other holder of the Company’s securities. In consideration of this amendment, the Company incurred an extension fee of $50. Because this amendment was considered a substantive change, the Company accounted for this modification as an extinguishment of debt and recorded a gain of $127 during the three months ended June 30, 2019.

On May 10, 2019, the original holders of the Company’s May 2018 Notes assigned and sold all notes to Oasis Capital, LLC (“Oasis Capital”). On the same date, the Company and Oasis Capital executed a letter agreement to amend the terms to allow Oasis Capital to convert the total outstanding principal amount of $421 into shares of the Company’s common stock, at a price equal to the lowest trading price of the Company’s common stock during the preceding twenty trading days multiplied by 70%, or any lower price made available to any other holder of the Company’s securities. On May 15, 2019, Oasis executed a full conversion of the May 2018 Notes and was issued 10,568,087 shares of the Company’s common stock.

MGT CAPITAL INVESTMENTS, INC. AND SUBSIDIARY

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands, except per–share amounts)

Note 5. Notes Payable, continued

June 2018 Note

On June 1, 2018, the Company entered into a note purchase agreement with an accredited investor, pursuant to which the Company issued an unsecured promissory note in the amount of $3,600 (the “June 2018 Note”) for consideration of $3,000. The outstanding balance was to be made in nine equal monthly installments beginning August 1, 2018, with an initial maturity date of April 1, 2019, with no prepayment penalty. Upon an event of default, the outstanding balance of the promissory note shall immediately increase by 120% and become immediately due and payable. Prior to 2019, this note was amended twice.

On January 28, 2019, the Company entered a third amendment, whereby the parties agreed to extend the maturity date to October 1, 2019 and to forego certain monthly installments. The parties also agreed the Company would pay all installments in cash unless both the Company and the lender agreed to make payments in shares of the Company’s common stock, at a price equal the lowest intra-day trade price of the Company’s common stock during the preceding twenty trading days multiplied by 70%. In consideration of this amendment, the Company incurred an extension fee of $527. The Company accounted for this amendment as an extinguishment of debt and recorded a gain of $991 during the three months ended March 31, 2019.

On May 10, 2019, the Company entered a fourth amendment, allowing the lender to convert the total outstanding principal amount of $3,159 into shares of the Company’s common stock, at a price equal the lowest intra-day trade price of the Company’s common stock during the preceding twenty trading days multiplied by 70%, or any lower price made available to any other holder of the Company’s securities. This amendment also eliminated the Company’s mandatory monthly amortization payments and extended the maturity to December 15, 2019. After such date, and within 10 business days, any outstanding balance shall be satisfied, at the Company’s election, either with cash, common stock conversion, or any combination thereof. The Company accounted for this amendment as an extinguishment of debt and recorded a gain of $1,310 during the three months ended June 30, 2019.

On December 31, 2019, the Company entered a fifth amendment extending the maturity date to June 30, 2020 and deleting in its entirety, the requirement to settle the outstanding balance with cash, common stock conversion or any combination thereof, no later than December 15, 2019. An extension fee of $84 was added to the outstanding balance bringing the total outstanding principal balance to $929 as of December 31, 2019. The Company accounted for this amendment as an extinguishment of debt and recorded a gain of $792. In connection with recording the new debt, the Company recorded debt discount of $877 including both (i) the time of value money and (ii) the discount related to the conversion feature underlying the debt instrument.

During the three months ended March 31, 2020, the Company issued 32,747,157 shares of its common stock upon the conversion of $350 in outstanding principal, reducing the outstanding principal balance to $579 as of March 31, 2020.

The holder of the June 2018 Note also acquired 17,500,000 shares of the Company’s common stock on April 12, 2019, and is an affiliate of the acquirer of 160 shares of Series C Convertible Preferred Stock with a par value of $0.001 and a stated value of $10,000 per share (“Preferred Shares”) acquired during 2019, of which 115 Preferred Shares remain outstanding as of March 31, 2020. See Note 7 below for a further description of the Preferred Shares. The holder of the June 2018 Note and its affiliates are collectively subject to a maximum beneficial ownership of 9.99%.

December 2018 Note

On December 6, 2018, the Company entered into a note purchase agreement with an accredited investor, pursuant to which the Company issued an unsecured promissory note in the amount of $598 (the “December 2018 Note”) for consideration of $500, with an interest rate of 8% per annum and a maturity date of May 6, 2019. The note was paid in full in March 2019.

MGT CAPITAL INVESTMENTS, INC. AND SUBSIDIARY

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands, except per–share amounts)

Note 5. Notes Payable, continued

Notes payable consisted of the following:

	As of March 31, 2020
	Principal		Discount			Net
Total notes payable-June 2018 Note	$	579	$	(455	)	$	124

	As of December 31, 2019
	Principal		Discount			Net
Total notes payable-June 2018 Note	$	929	$	(877	)	$	52

During the three months ended March 31, 2020 and 2019, the Company recorded accretion of debt discount of $421 and $1,127, respectively.

Note 6. Leases

In December 2019, the Company entered a new office lease in connection with the relocation of its executive office to Raleigh, North Carolina. The Company accounted for its new office lease as an operating lease under the guidance of Topic 842. Rent expense under the new lease is $3 per month, with annual increases of 3% during the three-year term. The Company used an incremental borrowing rate of 29.91% based on the weighted average effective interest rate of its outstanding debt. In December 2019, the Company recorded a Right of Use Asset of $79 and a corresponding Lease Liability of $79. The Right to Use Asset is accounted for as an operating lease and has a balance, net of amortization, of $69 as of March 31, 2020.

Total future minimum payments required under the lease agreement are as follows:

	Amount
Remainder of 2020	$	27
2021		37
2022		39
Total undiscounted minimum future lease payments	$	103
Less Imputed interest		(34	)
Present value of operating lease liabilities	$	69
Disclosed as:
Current portion	$	18
Non-current portion		51
	$	69

The Company’s former executive office was located in Durham, North Carolina under a sublease agreement that was terminated in December 2019, with monthly rent of $7 in the final year of the sublease agreement. The Company recorded rent expense of $9 and $20 for the three months ended March 31, 2020 and 2019, respectively.

MGT CAPITAL INVESTMENTS, INC. AND SUBSIDIARY

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands, except per–share amounts)

Note 7. Common Stock and Preferred Stock

Common stock

Equity Purchase Agreement under Form S-3

On August 30, 2018, the Company and L2 Capital, LLC (“L2 Capital”) entered into an equity purchase agreement, which was later amended on November 30, 2018, whereby the Company could issue and sell to L2 Capital from time to time up to $50,000 of the Company’s common stock that was registered with the SEC under a registration statement on Form S–3. Subject to the terms of the equity purchase agreement, the Company provided notices (a “Put Notice”) requiring L2 Capital to purchase a number of shares (the “Put Shares”) of the common stock equal to the lesser of $500 and 200% of the average trading volume of the common stock in the ten trading days immediately preceding the date of such Put Notice. The terms also provided the purchase price for such Put Shares to be the lowest traded price on a principal market for any trading day during the five trading days either following or beginning on the date on which L2 Capital receives delivery of the Put Shares, multiplied by 95.0%.

During the three months ended March 31, 2019, the Company issued 43,100,000 shares of its common stock in exchange for $2,154. Of that amount, $354 was applied directly as payment against the December 2018 Note. On March 28, 2019, the Company sold 7,500,000 shares of common stock for proceeds of $346. Since the proceeds were collected in April 2019, the Company recorded a subscription receivable of this amount as of March 31, 2019.

On April 16, 2019, the Company became ineligible to issue shares under its registration statement on Form S-3 as the aggregate market value of the Company’s common stock held by non-affiliates was below the regulatory threshold of $75,000. In connection with this ineligibility, the equity purchase agreement was terminated.

Equity Purchase Agreement under Form S-1

On June 3, 2019, the Company entered into an equity purchase agreement with Oasis Capital, whereby the Company shall have the right, but not the obligation, to direct Oasis Capital to purchase shares of the Company’s common stock (the “New Put Shares”) in an amount in each instance up to the lesser of $1,000 or 250% of the average daily trading volume by delivering a notice to Oasis Capital (the “New Put Notice”). The purchase price (the “Purchase Price”) for the New Put Shares shall equal 95% of the one lowest daily volume weighted average price on a principal market during the five trading days immediately following the date Oasis receives the New Put Shares via DWAC associated with the applicable New Put Notice (the “Valuation Period”). The closing of a New Put Notice shall occur within one trading day following the end of the respective Valuation Period, whereby (i) Oasis shall deliver the Investment Amount (as defined below) to the Company by wire transfer of immediately available funds and (ii) Oasis shall return surplus New Put Shares if the value of the New Put Shares delivered to Oasis causes the Company to exceed the maximum commitment amount. The Company shall not deliver another New Put Notice to Oasis within ten trading days of a prior New Put Notice. The “Investment Amount” means the aggregate Purchase Price for the New Put Shares purchased by Oasis, minus clearing costs payable to Oasis’s broker or to the Company’s transfer agent for the issuance of the New Put Shares. The shares issuable under the equity purchase agreement are registered with the SEC under a registration statement on Form S-1 that was declared effective on June 25, 2019 covering up to 76,558,643 shares of common stock, and are subject to a maximum beneficial ownership by Oasis Capital of 9.99%.

Through December 31, 2019, the Company sold 52,000,000 shares of its common stock under the Form S-1 and no shares were sold during the three months ended March 31, 2020. Upon the filing of the Company’s 2019 Form 10-K with the SEC on March 30, 2020, the Company will need to file a post-effective amendment to the Form S-1 to enable further sales of its common stock under this registration statement.

Other Common Stock Issuances

During the three months ended March 31, 2019, the Company issued 160,500 shares of its common stock to consultants in exchange for services. These services were valued at $60 based upon the value of the shares issued.

MGT CAPITAL INVESTMENTS, INC. AND SUBSIDIARY

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands, except per–share amounts)

Note 7. Common Stock and Preferred Stock, continued

Preferred Stock

On January 11, 2019, the Company’s Board of Directors approved the authorization of 10,000 shares of Series B Preferred Stock with a par value of $0.001 (“Series B Preferred Shares”). The holders of the Series B Preferred Shares shall be entitled to receive, when, as, and if declared by the Board of Directors of the Company, out of funds legally available for such purpose, dividends in cash at the rate of 12% of the stated value per annum on each Series B Preferred Share. Such dividends shall be cumulative and shall accrue without interest from the date of issuance of the respective share of the Series B Preferred Shares. Each holder shall also be entitled to vote on all matters submitted to stockholders of the Company and shall be entitled to 55,000 votes for each Series B Preferred Share owned at the record date for the determination of stockholders entitled to vote on such matter or, if no such record date is established, at the date such vote is taken or any written consent of stockholders is solicited. In the event of a liquidation event, any holders of the Series B Preferred Shares shall be entitled to receive, for each Series B Preferred Shares, the stated value in cash out of the assets of the Company, whether from capital or from earnings available for distribution to its stockholders. The Series B Preferred Shares are not convertible into shares of the Company’s common stock. No shares of Series B Preferred Shares have been issued or are outstanding.

On April 12, 2019, the Company’s Board of Directors approved the authorization of 200 Series C Preferred Shares with a par value of $0.001 (“Series C Preferred Shares”). The holders of the Series C Preferred Shares have no voting rights, receive no dividends, and are entitled to a liquidation preference equal to the stated value. At any time, the Company may redeem the Series C Preferred Shares at 1.2 times the stated value. Given the right of redemption is solely at the option of the Company, the Series C Preferred Shares are not considered mandatorily redeemable, and as such are classified in shareholders’ equity on the Company’s consolidated balance sheet.

Each Series C Preferred Share is convertible into shares of the Company’s common stock in an amount equal to the greater of: (a) 200,000 shares of common stock or (b) the amount derived by dividing the stated value by the product of 0.7 times the market price of the Company’s common stock, defined as the lowest trading price of the Company’s common stock during the ten day period preceding the conversion date. The holder may not convert any Series C Preferred Shares if the total amount of shares held, together with holdings of its affiliates, following a conversion exceeds 9.99% of the Company’s common stock.

The common shares issued upon conversion of the Series C Preferred Shares have been registered under the Company’s then-effective registration statement on Form S-3. On April 12, 2019, the Company sold 190 Series C Preferred Shares for $1,890, net of issuance costs and on July 15, 2019 sold 10 Series C Preferred Shares for $100. During the second and third quarters of 2019, holders converted 50 Series C Preferred Shares into 14,077,092 shares of common stock and 35 Series C Preferred Shares into 13,528,575 shares of common stock, respectively. 115 shares of Series C Preferred Stock are issued and outstanding as of March 31, 2020 and December 31, 2019, respectively.

Upon issuance of the Series C Preferred Shares during the second and third quarters of 2019, the Company recorded a deemed dividend based on the beneficial conversion feature underlying the Preferred Shares, measured as the difference between the conversion price of the Series C Preferred Shares and the fair value of the underlying common stock Accordingly, on April 12, 2019 and July 2019 issuances, the Company recorded deemed dividends of $859 and $46, respectively.

Note 8. Stock–Based Compensation

Issuance of restricted common stock – directors, officers and employees

The Company’s activity in restricted common stock was as follows for the three months ended March 31, 2020:

	Number of shares			Weighted average grant date fair value
Non–vested at January 1, 2020		650,000		$	1.24
Granted		-		$	-
Vested		(383,333	)	$	1.46
Non–vested at March 31, 2020		266,667		$	0.94

MGT CAPITAL INVESTMENTS, INC. AND SUBSIDIARY

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands, except per–share amounts)

Note 8. Stock–Based Compensation, continued

For the three months ended March 31, 2020 and 2019, the Company has recorded $220 and $894, in employee and director stock–based compensation expense, which is a component of general and administrative expenses in the consolidated statement of operations. As of March 31, 2020, unamortized stock-based compensation costs related to restricted share arrangements was $3 and will be recognized over a weighted average period of 0.22 years.

Stock options

As of December 31, 2019, the Company had 6,000,000 stock options with a weighted average exercise price of $0.71 and a weighted average grant date fair value of $1.29. All the stock options were fully vested and there were no unrecognized costs. Under the terms of the stock option agreement, all options expired on January 31, 2020. As of March 31, 2020, there are no outstanding or exercisable stock options.

Note 9. Commitments and Contingencies

Bitcoin Production Equipment and Operations

On August 14, 2018, the Company entered a collaborative venture with Bit5ive, LLC to develop a fully contained crypto currency mining pod (the “POD5 Agreement”) for a term of five years. Pursuant to the POD5 Agreement, the Company assists with the design and development of the POD5 Containers. The Company retains naming rights to the pods and receives royalty payments from Bit5ive, LLC in exchange for providing capital as well as engineering and design expertise. During the three months ended March 31, 2020 and 2019, the Company received royalties and recognized revenue under this agreement of $3 and $0, respectively.

Electricity Contract

In June 2019, the Company entered into a two-year contract for electric power with the City of Lafayette, Georgia, a municipal corporation of the State of Georgia (“the City”). The Company makes monthly payments based upon electricity consumed, at a negotiated kilowatt per hour rate, inclusive of transmission charges and exclusive of state and local sales taxes. Over time, the Company is entitled to utilize a load of 10 megawatts. For each month, the Company estimates its expected electric load, and should the actual load drop below 90% of this estimate, the City reserves the right to impose a modest penalty to the hourly kilowatt rate for electricity consumed.

In connection with this agreement, the Company paid a $154 security deposit and such amount is classified as Other Assets in the Company’s consolidated balance sheet as of March 31, 2020.

Management Agreement Termination Liability

On August 31, 2019, the Company entered into two Settlement and Termination Agreements (the “Settlement Agreements”) to management agreements it entered in 2017 with two accredited investors (together the “Users”). Under the terms of the Settlement Agreements, the Company will pay the Users a percentage of profits (“Settlement Distribution”) of Bitcoin mining as defined in the Settlement Agreements. The estimated present value of the Settlement Distributions of $337 was recorded as termination expense with an offsetting liability on August 31, 2019. Since two of the components of the Settlement Distribution, Bitcoin price and Difficulty Rate, as defined in the Settlement Agreements, are based on market conditions, the liability will be adjusted to fair value on a quarterly basis and any changes will be recorded in the statement of operations. As such, the liability is considered a Level 3 financial instrument. During 2019, the Company recognized a gain on the change in the fair value of $176 based on the change of Bitcoin price and Difficulty Rate, and along with the monthly Settlement Distributions valued at $45, the liability was reduced to $116 as of December 31, 2019. During the three months ended March 31, 2020, the Company recognized a gain on the change in the fair value of $15 based on the change of Bitcoin price and Difficulty Rate, and along with the monthly Settlement Distributions valued at $43, the liability was reduced to $58 as of March 31, 2020. Based on the terms of the Settlement Agreements, Settlement Distributions are scheduled to terminate on September 30, 2020.

MGT CAPITAL INVESTMENTS, INC. AND SUBSIDIARY

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands, except per–share amounts)

Note 9. Commitments and Contingencies, continued

Legal

The Company has resolved a number of shareholder derivative actions pending in state and federal courts.

On January 24, 2017, the Company was served with a summons and complaint filed by plaintiff shareholder Atul Ojha in New York state court against certain officers and directors of the Company and naming the Company as a nominal defendant. The lawsuit is styled as a derivative action (the “Ojha Derivative Action”) and was originally filed (but not served on any defendant) on October 15, 2016. The Ojha Derivative Action substantively alleges that the defendants, collectively or individually, inadequately managed the business and assets of the Company resulting in the deterioration of the Company’s financial condition. The Ojha Derivative Action asserts claims including, but not limited to, breach of fiduciary duties, unjust enrichment and waste of corporate assets.

On December 12, 2018, a shareholder derivative action was filed by shareholder Bob Thomas against certain current and former directors, officers and shareholders of the Company, and naming the Company as a nominal defendant, in New York state court, alleging breach of fiduciary duties, unjust enrichment, abuse of control, gross mismanagement, and waste and seeking declaratory relief and damages (the “Thomas Derivative Action”). The underlying allegations in the Thomas Derivative Action largely repeat the allegations of wrongdoing in the 2018 Securities Class Actions, as defined in the Company’s 2019 Form 10-K filed with the SEC on March 30, 2020.

On April 23, 2020, the Company entered into a stipulation of settlement (the “Stipulation”) in connection with the Ojha Derivative Action and the Thomas Derivative Action (together, the “Derivative Actions”). The consideration for the settlement of the Derivative Actions is as follows: (i) adoption by the Company of certain corporate governance reforms, the terms of which are fully set forth in Exhibits A and B to the Stipulation; (ii) Robert B. Ladd, H. Robert Holmes, Michael Onghai, and Nolan Bushnell shall collectively pay or cause to be paid $75 to the Company; and (iii) Barry C. Honig, John Stetson, Michael Brauser, John O’Rourke III, and Mark Groussman shall collectively pay or cause to be paid $150 to the Company. Further, the Company shall, subject to court approval, pay a fee and expense award to plaintiffs’ counsel in the Derivative Actions of $150 and service awards to each of the two plaintiffs in the Derivative Actions of $1.5 each, to be paid from the fee and expense award. On April 24, 2020, the New York state court entered an order preliminarily approving the Stipulation and the settlement contemplated therein and providing for the notice of the settlement to be made to current MGT Stockholders. The Preliminary Approval Order further provides that the Court will hold a hearing on the settlement on June 26, 2020. On May 4, 2020, pursuant to the Preliminary Approval Order, MGT provided notice of the settlement on its website, by press release and by filing a Form 8-K with the Securities and Exchange Commission.

On August 28, 2019, a shareholder derivative action was filed by shareholder Tyler Tomczak against the certain directors, officers and shareholders of the Company, and naming the Company as a nominal defendant, in the United States District Court for the Southern District of New York, alleging breach of fiduciary duties, waste and unjust enrichment and seeking declaratory relief and damages (the “Tomczak Derivative Action”). The underlying allegations in the Tomczak Derivative Action largely repeat the allegations of wrongdoing in the 2018 Securities Class Actions.

On September 11, 2019, a shareholder derivative action was filed by shareholder Arthur Aviles against certain directors, officers and shareholders of the Company, and naming the Company as a nominal defendant, in the United States District Court for the District of Delaware, alleging breach of fiduciary duties, waste and unjust enrichment and seeking declaratory relief and damages (the “Aviles Derivative Action”). The underlying allegations in the Aviles Derivative Action largely repeat the allegations of wrongdoing in the 2018 Securities Class Actions.

On May 7, 2020, the Company entered into a stipulation of settlement (the “Federal Stipulation”) in connection with the Tomczak Derivative Action and the Aviles Derivative Action (together, the “Federal Derivative Actions”). The consideration for the settlement of the Federal Derivative Actions is as follows: (i) adoption by the Company of a certain corporate governance reform, the terms of which are fully set forth in Exhibit A to the Federal Stipulation; and (ii) Robert B. Ladd, H. Robert Holmes, and Michael Onghai shall collectively pay or cause to be paid $65 to the Company. Further, the Company shall, subject to court approval, pay a fee and expense award to plaintiffs’ counsel in the Federal Derivative Actions of $30 and incentive awards to each of the two plaintiffs in the Federal Derivative Actions of $.4 each. The parties to the Federal Stipulation presently intend to file the Federal Stipulation with the appropriate federal court after final approval of the settlement of the two state Derivative Actions referred to above.

MGT CAPITAL INVESTMENTS, INC. AND SUBSIDIARY

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands, except per–share amounts)

Note 9. Commitments and Contingencies, continued

In November 2018, the Company’s board received a shareholder demand letter dated November 6, 2018, from shareholders Nicholas Fulton and Kelsey Thacker (the “Fulton Demand”). The Fulton Demand referenced the SEC Action, as defined in the Company’s 2019 Form 10-K filed with the SEC on March 30, 2020, and the allegations therein, and demanded that the board take action to investigate, address and remedy the allegations raised in the SEC Action. Shortly after the New York state court entered the order preliminarily approving the stipulation of settlement in connection with the Ojha Derivative Action and the Thomas Derivative Action, counsel for the Company informed counsel for shareholders Nicholas Fulton and Kelsey Thacker of that stipulation of settlement and of counsel for the Company’s view that the releases in the settlement covered the matters raised in the Fulton Demand.

Note 10. Employee Benefit Plans

The Company maintains defined contribution benefit plans under Section 401(k) of the Internal Revenue Code covering substantially all qualified employees of the Company (the “401(k) Plan”). Under the 401(k) Plan, the Company may make discretionary contributions of up to 100% of employee contributions. During the three months ended March 31, 2020 and 2019, the Company made contributions to the 401(k) Plan of $4 and $4, respectively.

Note 11. Subsequent Events

The Company has evaluated the impacts of subsequent events through May 14, 2020 and has determined that no such events occurred that were required to be reflected in the unaudited condensed consolidated financial statements, except as described within the above notes and described below.

On May 7, 2020, the holder of the June 2018 Note converted $150,000 of debt principal into 16,483,516 shares of common stock, reducing the outstanding principal to $429.

On April 16, 2020, the Company entered into a promissory note with Aquesta Bank for $108 in connection with the Paycheck Protection Program offered by the U.S. Small Business Administration. The note bears interest at 1% per annum, with monthly installments of $6 commencing on November 1, 2020 for 18 months through its maturity on April 1, 2022. The principal amount of the loan will be forgiven if the loan proceeds are used to pay for payroll costs, rent and utilities costs over the 8-week period after the loan is made. Not more than 25% of the forgiven amount may be used for non-payroll costs. The amount of the loan forgiveness will be reduced if the Company reduces its full-time head count.

On May 11, 2020, the third Halving, described below, occurred, revising the reward payout to 6.25 Bitcoin per block, from the previous reward payout of 12.5 Bitcoin per block The supply of Bitcoin is finite. Once 21 million Bitcoin are generated, the network will stop producing more. Currently, there are approximately 18 million Bitcoin in circulation, or 85% of the total supply of Bitcoin. Within the Bitcoin protocol is an event referred to as Halving where the Bitcoin reward provided upon mining a block is reduced by 50%. Halvings are scheduled to occur once every 210,000 blocks, or roughly every four years, until the maximum supply of 21 million Bitcoin is reached.

Item 2. Management’s discussion and analysis of financial condition and results of operations

This Quarterly Report on Form 10–Q contains forward–looking statements that involve risks and uncertainties, as well as assumptions that, if they never materialize or prove incorrect, could cause our results to differ materially from those expressed or implied by such forward–looking statements. The statements contained herein that are not purely historical are forward–looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward–looking statements are often identified by the use of words such as, but not limited to, “anticipate,” “estimates,” “should,” “expect,” “guidance,” “project,” “intend,” “plan,” “believe” and similar expressions or variations intended to identify forward–looking statements. These statements are based on the beliefs and assumptions of our management based on information currently available to management. Such forward–looking statements are subject to risks, uncertainties and other important factors that could cause actual results and the timing of certain events to differ materially from future results expressed or implied by such forward–looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those identified below, and those discussed in the section titled “Risk Factors” included in our Annual Report on Form 10–K for the fiscal year ended December 31, 2019 as filed with the Securities and Exchange Commission (“SEC”) on March 30, 2020, in addition to other public reports we filed with the SEC. The forward–looking statements set forth herein speak only as of the date of this report. Except as required by law, we undertake no obligation to update any forward–looking statements to reflect events or circumstances after the date of such statements.

Executive summary

All dollar figures set forth in this Quarterly Report on this Form 10-Q are in thousands, except per-share amounts.

Current Operations

Former Operations

Due to the steadily declining price of Bitcoin throughout the first quarter of 2019, the Company decided it was not economically responsible to continue mining operations until Bitcoin economics improved, which occurred in May 2019. On March 22, 2019, the Company entered into a settlement agreement to terminate its initial hosting agreement in Washington and conveyed ownership of its onsite mining assets for full satisfaction of outstanding hosting service fees. In August and September 2019, the Company terminated its management agreements with third party investors and in December 2019, terminated its hosting arrangements in Colorado and Ohio.

Critical accounting policies and estimates

Our discussion and analysis of financial condition and results of operations are based upon our consolidated financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The notes to the unaudited condensed consolidated financial statements contained in this Quarterly Report describe our significant accounting policies used in the preparation of the unaudited condensed consolidated financial statements. The preparation of these financial statements requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. We continually evaluate our critical accounting policies and estimates.

We believe the critical accounting policies listed below reflect significant judgments, estimates and assumptions used in the preparation of our unaudited condensed consolidated financial statements.

Revenue recognition

The Company also recognizes a royalty participation upon the sale of Pod5ive Containers by Bit5ive LLC under the terms of a collaboration agreement entered in August 2018.

Property and Equipment

Impairment of long-lived assets

Stock–based compensation

Recent accounting pronouncements

Note 3 to our unaudited condensed consolidated financial statements appearing elsewhere in this report includes Recent Accounting Pronouncements.

Results of operations

Three months ended March 31, 2020 and 2019

Revenues

Our revenues for the three months ended March 31, 2020 increased by $649 to $677 as compared to $28 for the three months ended March 31, 2019. Our revenue is derived from cryptocurrency mining. Revenue during the three months ended March 31, 2020 were generated from the Company-owned and managed facility located in LaFayette, GA. Revenue during the three months ended March 31, 2019 were generated from a third-party hosting arrangement in Washington which was terminated on March 22, 2019. Due to the steadily declining price of Bitcoin throughout the first quarter of 2019, the Company decided it was not economically responsible to continue mining operations until Bitcoin economics improved, which occurred in May 2019.

Operating Expenses

Operating expenses for the three months ended March 31, 2020 decreased by $365, or 18%, to $1,635 as compared to $2,000 for the three months ended March 31, 2019. The decrease in operating expenses was primarily due to a decrease in general and administrative expenses of $884, offset by an increase of $519 in cost of revenue from cryptocurrency mining resulting from the ramp up of the Company’s mining operations in Georgia during the three month ended March 31, 2020. Cost of revenue during the three months ended March 31, 2019 consisted of fees under a third-party hosting arrangement in Washington which it terminated on March 22, 2019.

The decrease in general and administrative expenses of $884 or 46% to $1,030 as compared to $1,914 for the three months ended March 31, 2020, was primarily due to a decrease in stock-based compensation of $729 based on less shares issued or vested and a lower stock price in 2020 compared to 2019, a decrease in payroll and related expenses of $32, a recovery of $431 of Swedish energy taxes, offset by an increase in legal and professional fees of $250, and costs related to the Company’s mining facility in Georgia of $89.

Other Income and Expense

For the three months ended March 31, 2020, non–operating expenses consisted of interest income of $10, accretion of debt discount of $421, a change in the fair value of the liability associated with the termination of the management agreements of $15 and a gain on sale of property and equipment of $30. During the comparable period ended March 31, 2019, non–operating expenses consisted of interest expense of $3, accretion of debt discount of $1,127, gain on extinguishment of debt of $1,311 and a gain on sale of property and equipment of $82.

Liquidity and capital resources

Sources of Liquidity

We have historically financed our business through the sale of debt and equity interests. We have incurred significant operating losses since inception and continue to generate losses from operations and as of March 31, 2020 have an accumulated deficit of $415,826. At March 31, 2020, our cash and cash equivalents were $18, and our working capital deficit was $1,442. As of March 31, 2020, we had one note payable outstanding with a principal amount of $579, after conversions of $200 and $150 of debt principal into 15,037,594 and 17,709,563 shares of common stock in February and March of 2020, respectively.

In January 2020, management completed the initial phase of its plan to consolidate its activities in Company-owned and managed facilities, executing on its expansion model to secure low cost power and grow its cryptocurrency assets. In connection with this plan, the Company terminated its management agreements and its third-party hosting arrangements in 2019. The Company will need to raise additional funding to grow its operations and to pay current maturities of debt. There can be no assurance however that the Company will be able to raise additional capital when needed, or at terms deemed acceptable, if at all. The Company’s ability to raise additional capital will also be impacted by the volatility of Bitcoin and the recent outbreak of COVID-19, both of which are highly uncertain, cannot be predicted and could have an adverse effect on the Company’s business and financial condition. Such factors raise substantial doubt about the Company’s ability to sustain operations for at least one year from the issuance of these unaudited condensed consolidated financial statements. The accompanying unaudited condensed consolidated financial statements do not include any adjustments related to the recoverability and classification of asset amounts or the classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

The price of Bitcoin is volatile, and fluctuations are expected. Declines in the price of Bitcoin have had a negative impact on our operating results and liquidity and could harm the price of our common stock. Movements may be influenced by various factors, including, but not limited to, government regulation, security breaches experienced by service providers, as well as political and economic uncertainties around the world. Since we record revenue based on the price of earned Bitcoin and we may retain such Bitcoin as an asset or as payment for future expenses, the relative value of such revenues may fluctuate, as will the value of any Bitcoin we retain. The low and high exchange price per Bitcoin for the year ending December 31, 2019, as reported by Blockchain.info, were approximately $3 and $14 respectively. During the period January 1, 2020 through March 31, 2020, the price of Bitcoin remained volatile, with a low and high exchange price per Bitcoin of approximately $5 and $10, respectively.

The supply of Bitcoin is finite. Once 21 million Bitcoin are generated, the network will stop producing more. Currently, there are approximately 18 million Bitcoin in circulation, or 85% of the total supply of Bitcoin. Within the Bitcoin protocol is an event referred to as Halving where the Bitcoin reward provided upon mining a block is reduced by 50%. Halvings are scheduled to occur once every 210,000 blocks, or roughly every four years, until the maximum supply of 21 million Bitcoin is reached. The third Halving occurred on May 11, 2020, with a revised reward payout of 6.25 Bitcoin per block, from the previous reward payout of 12.5 Bitcoin per block

Given a stable hash rate, a Halving reduces the number of new Bitcoin being generated by the network. While the effect is to limit the supply of new coins, it has no impact on the quantity of total Bitcoin outstanding. As a result, the price of Bitcoin could rise or fall based on overall investor and consumer demand. Should the price of Bitcoin remain unchanged after the May 11, 2020 Halving, the Company’s revenue would be reduced by 50%, with a much larger negative impact to profit.

The recent outbreak of COVID-19, which has been declared by the World Health Organization to be a pandemic, has spread across the globe and is impacting worldwide economic activity. A pandemic, including COVID-19, or other public health epidemic poses the risk that we or our employees and our business partners may be prevented from conducting business activities at full capacity for an indefinite period of time, including due to spread of the disease within these groups or due to shutdowns that may be requested or mandated by governmental authorities. While it is not possible at this time to estimate the impact that COVID-19 could have on our business, the continued spread of COVID-19 and the measures taken by the governments of countries affected which we conduct business with could disrupt our business. The COVID-19 outbreak and mitigation measures may also have an adverse impact on global economic conditions, which could have an adverse effect on our business and financial condition, including on our potential to conduct financings on terms acceptable to us, if at all. In addition, we may take temporary precautionary measures intended to help minimize the risk of the virus to our employees, including temporarily requiring all employees to work remotely and suspending all non-essential travel for our employees, which could negatively affect our business. The extent to which the COVID-19 outbreak impacts our results will depend on future developments that are highly uncertain and cannot be predicted, including new information that may emerge concerning the severity of the virus and the actions to contain its impact.

Our primary source of operating funds has been through debt and equity financing.

U.S. Small Business Administration-Paycheck Protection Plan

On April 16, 2020, we entered into a promissory note with Aquesta Bank for $108 in connection the Paycheck Protection Program offered by the U.S. Small Business Administration. The note bears interest at 1% per annum, with monthly installments of $6 commencing on November 1, 2020 for 18 months through its maturity on April 1, 2022. The principal amount of the loan will be forgiven if the loan proceeds are used to pay for payroll costs, rent and utilities costs over the 8-week period after the loan is made. Not more than 25% of the forgiven amount may be used for non-payroll costs. The amount of the loan forgiveness will be reduced if we reduce our full-time head count.

Equity Purchase Agreements

In August 2018, as amended in December 2018, we and Oasis Capital, LLC (“Oasis”) entered into an equity purchase agreement pursuant to which we issued and sold to Oasis from time to time 100,650,000 shares of our common stock for gross proceeds of $6,491, registered with the SEC under a Form S–3. On April 16, 2019, our registration statement on Form S–3 lost its effectiveness as the aggregate market value of our common stock held by non-affiliates was below the regulatory threshold of $75,000.

In June 2019, we entered into a new equity purchase agreement pursuant to which we may issue and sell to Oasis from time to time up to 76,558,643 shares of our common stock that are registered with the SEC under a Form S-1 that went effective on June 25, 2019. Through December 31, 2019, we sold 52,000,000 shares of our common stock under the Form S-1 and no shares were sold during the three months ended March 31, 2020. Upon the filing of our 2019 Form 10-K with the SEC on March 30, 2020, we will need to file a post-effective amendment to the Form S-1 to enable further sales of our common stock under this registration statement.

Property & Equipment Acquisitions and Commitments

In connection with our plans to consolidate our activities in a Company-owned and managed facility in LaFayette, Georgia, we acquired the following assets during 2019 and through March 31, 2020:

	●	6 acres of land in Lafayette, Georgia for $57
	●	1,500 Bitcoin miners valued at $2,313
	●	Infrastructure costs totaling $998
	●	5 modified Bitcoin mining containers for $782

Phase I of the LaFayette site is structurally complete. The entire facility, including the land, five 2500 KVA 3-phase transformers, the mining containers and the miners, are owned by MGT. As we are presently using only one-third of the available electrical load, we are exploring ways to grow our current operations.

Cash Flows

	Three Months ended March 31,
	2020			2019
Cash (used in) / provided by
Operating activities	$	183		$	(1,109	)
Investing activities		(381	)		-
Financing activities		-			1,375
Net (decrease) increase in cash and cash equivalents	$	(198	)	$	266

Operating activities

Net cash provided by operating activities was $183 for the three months ended March 31, 2020 as compared to net cash used in operating activities of $1,109 for the three months ended March 31, 2019. Cash provided by operating activities for the three months ended March 31, 2020 primarily consisted of a net loss of $1,324, offset by non-cash charges of $983 (including: depreciation of $342, stock-based compensation of $220 and amortization of note discount of $421), and reduced by the change in the fair value of the liability associated with the termination of the management agreements of $15, a gain from sale of property and equipment of $30, and a change in working capital of $569.

Net cash used in operating activities of $1,109 for the three months ended March 31, 2019 primarily consisted of a net loss of $1,709, offset by non-cash charges of $2,076 (including: stock-based compensation of $949 and amortization of note discount of $1,127), partially offset by a non-cash gain on debt extinguishment of $1,311, with a change in working capital of $83.

Investing activities

Net cash used in investing activities was $381 for the three months ended March 31, 2020, consisting of purchases of property and equipment of $343 and payment of a security deposit of $38. There were no investing activities during the three months ended March 31, 2019.

Financing activities

There were no financing activities during the three months ended March 31, 2020. During the three months ended March 31, 2019, cash provided by financing activities totaled $1,375, consisting of $1,457 from the sale of stock under our equity purchase agreement, offset by $82 in repayments of notes payable.

Off–balance sheet arrangements

As of March 31, 2020, we had no obligations, assets or liabilities which would be considered off–balance sheet arrangements. We do not participate in transactions that create relationships with unconsolidated entities or financial partnerships, often referred to as variable interest entities, which would have been established for the purpose of facilitating off–balance sheet arrangements.

Item 3. Quantitative and qualitative disclosures about market risk

The Company is not exposed to market risk related to interest rates on foreign currencies.

Item 4. Controls and procedures

Evaluation of Disclosure Controls and Procedures

We maintain disclosure controls and procedures designed to ensure that the information we are required to disclose in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified under the rules and forms of the SEC. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that such information is accumulated and communicated to our management, including our Chief Executive Officer and our Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosures. As required by paragraph (b) of Rules 13a-15 and 15d-15 under the Exchange Act, our Chief Executive Officer (our principal executive) and Chief Financial Officer (our principal financial officer and principal accounting officer) carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures as of March 31, 2020 . Based on this evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures (as defined in paragraph (e) of Rules 13a-15 and 15d-15 under the Exchange Act) were effective as March 31, 2020.

Limitations on Internal Control over Financial Reporting

An internal control system over financial reporting has inherent limitations and may not prevent or detect misstatements. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. However, these inherent limitations are known features of the financial reporting process. Therefore, it is possible to design into the process safeguards to reduce, though not eliminate, this risk.

Management’s Quarterly Report on Internal Control over Financial Reporting

Our management is responsible for establishing and maintaining adequate internal control over financial reporting, as defined in Exchange Act Rule 13a-15(f) and 15d-15(f). Internal control over financial reporting is a process used to provide reasonable assurance regarding the reliability of our financial reporting and the preparation of our financial statements for external purposes in accordance with generally accepted accounting principles in the United States. Internal control over financial reporting includes policies and procedures that pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of our assets; provide reasonable assurance that transactions are recorded as necessary to permit preparation of our financial statements in accordance with generally accepted accounting principles in the United States, and that our receipts and expenditures are being made only in accordance with the authorization of our board of directors and management; and provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on our financial statements.

Under the supervision and with the participation of our management, including our Chief Executive Officer (our principal executive officer) and Chief Financial Officer (our principal financial officer and principal accounting officer), we performed a complete documentation of the Company’s significant processes and key controls, and conducted an evaluation of the effectiveness of our internal control over financial reporting based on the framework in Internal Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission in 2013. Based on this evaluation, management concluded that our internal control over financial reporting was effective as of March 31, 2020.

Changes in Internal Control over Financial Reporting

During the quarter ended March 31, 2020, there were no changes to internal control over financial reporting.

PART II. OTHER INFORMATION

Item 1. Legal proceedings

The Company has resolved a number of shareholder derivative actions pending in state and federal courts.

Item 1A. Risk factors

There are no additional risk factors other than those discussed in our Annual Report on Form 10–K, as filed with the SEC on March 30, 2020.

Item 2. Unregistered sales of equity securities and use of proceeds

On May 7, 2020, the Company issued 16,483,516 shares of common stock to Iliad Research and Trading, L.P. in connection with the conversion of $150 of outstanding principal.

In issuing the securities described above, the Company relied upon the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended.

Item 3. Defaults upon senior securities

None.

Item 4. Mine safety disclosures

Not applicable.

Item 5. Other information

None.

Item 6. Exhibits

	31.1		Certification pursuant to Section 302 of the Sarbanes–Oxley Act of 2002 of Principal Executive Officer*
	31.2		Certification pursuant to Section 302 of the Sarbanes–Oxley Act of 2002 of Principal Financial Officer*
	32		Certification pursuant to Section 906 of the Sarbanes–Oxley Act of 2002 of Principal Executive Officer and Principal Financial Officer*
	101.INS		XBRL Instance Document*
	101.SCH		XBRL Taxonomy Extension Schema*
	101.CAL		XBRL Taxonomy Extension Calculation Linkbase Document*
	101.DEF		XBRL Taxonomy Extension Definition Linkbase Document*
	101.LAB		XBRL Taxonomy Extension Labels Linkbase Document*
	101.PRE		XBRL Taxonomy Extension Presentation Linkbase Document*

	*		Filed herewith

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	MGT CAPITAL INVESTMENTS, INC

Date: May 14, 2020	By:	/s/ Robert B. Ladd
		Robert B. Ladd
		President and Chief Executive Officer
		(Principal Executive Officer)

EX-31.1 2 ex31-1.htm

Exhibit 31.1

CERTIFICATION PURSUANT TO SARBANES–OXLEY ACT OF 2002

I, Robert B. Ladd, certify that:

1. I have reviewed this quarterly report on Form 10–Q of MGT Capital Investments, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a–15(e) and 15d–15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a–15(f) and 15d–15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 14, 2020	By:	/s/ Robert B. Ladd
		Robert B. Ladd
		President and Chief Executive Officer
		(Principal Executive Officer)

EX-31.2 3 ex31-2.htm

Exhibit 31.2

CERTIFICATION PURSUANT TO SARBANES–OXLEY ACT OF 2002

I, Robert S. Lowrey, certify that:

1. I have reviewed this quarterly report on Form 10–Q of MGT Capital Investments, Inc.;

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 14, 2020	By:	/s/ Robert S. Lowrey
		Robert S. Lowrey
		Chief Financial Officer
		(Principal Financial Officer and Principal Accounting Officer)

EX-32 4 ex32.htm

Exhibit 32

CERTIFICATION PURSUANT TO SECTION 906
OF THE SARBANES–OXLEY ACT OF 2002

In connection with the Quarterly Report of MGT Capital Investments, Inc. (the “Company”) on Form 10-Q for the quarter ended March 31, 2020 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), each of the undersigned, in the capacities and on the dates indicated below, hereby certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

	1.	the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m or 78o(d)); and

	2.	the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: May 14, 2020	By:	/s/ Robert B. Ladd
		Robert B. Ladd
		President and Chief Executive Officer
		(Principal Executive Officer)

Date: May 14, 2020	By:	/s/ Robert S. Lowrey
		Robert S. Lowrey
		Chief Financial Officer
		(Principal Financial Officer and Principal Accounting Officer)

EX-101.INS 5 mgti-20200331.xml XBRL INSTANCE FILE 0001001601 2020-03-31 0001001601 2020-01-01 2020-03-31 0001001601 2019-12-31 0001001601 us-gaap:PreferredStockMember 2018-12-31 0001001601 us-gaap:CommonStockMember 2018-12-31 0001001601 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0001001601 us-gaap:RetainedEarningsMember 2018-12-31 0001001601 us-gaap:StockOptionMember 2019-01-01 2019-12-31 0001001601 MGTI:MayTwoThousandEighteenNoteMember 2018-05-23 0001001601 MGTI:JuneTwoThousandEighteenNoteMember 2018-06-01 0001001601 MGTI:MayTwoThousandEighteenNoteMember 2018-05-22 2018-05-23 0001001601 MGTI:DecemberTwoThousandEighteenNoteMember 2018-12-06 0001001601 MGTI:DecemberTwoThousandEighteenNoteMember 2018-12-05 2018-12-06 0001001601 MGTI:SeriesCConvertiblePreferredStockMember 2019-04-12 0001001601 MGTI:SubscriptionReceivableMember 2018-12-31 0001001601 MGTI:SubscriptionReceivableMember 2019-12-31 0001001601 us-gaap:CommonStockMember 2019-01-01 2019-12-31 0001001601 us-gaap:CommonStockMember 2019-12-31 0001001601 us-gaap:AdditionalPaidInCapitalMember 2019-12-31 0001001601 us-gaap:RetainedEarningsMember 2019-12-31 0001001601 MGTI:JuneTwoThousandEighteenNoteMember 2019-12-31 0001001601 us-gaap:StockOptionMember 2019-12-31 0001001601 us-gaap:SeriesCPreferredStockMember 2019-12-31 0001001601 us-gaap:SeriesCPreferredStockMember 2020-03-31 0001001601 us-gaap:PreferredStockMember 2019-12-31 0001001601 us-gaap:PreferredStockMember 2019-01-01 2019-03-31 0001001601 us-gaap:CommonStockMember 2019-01-01 2019-03-31 0001001601 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-03-31 0001001601 MGTI:SubscriptionReceivableMember 2019-01-01 2019-03-31 0001001601 us-gaap:RetainedEarningsMember 2019-01-01 2019-03-31 0001001601 2019-01-01 2019-03-31 0001001601 MGTI:MayTwoThousandEighteenNotesAmmendmentMember 2019-04-08 2019-04-09 0001001601 MGTI:MayTwoThousandEighteenNotesMember 2019-05-08 2019-05-10 0001001601 MGTI:MayTwoThousandEighteenNotesMember 2019-05-10 0001001601 MGTI:MayTwoThousandEighteenNotesMember 2019-05-14 2019-05-15 0001001601 MGTI:JuneTwoThousandEighteenNoteMember 2019-05-08 2019-05-10 0001001601 MGTI:JuneTwoThousandEighteenNoteMember 2019-05-10 0001001601 MGTI:JuneTwoThousandEighteenNoteMember us-gaap:CommonStockMember 2019-04-11 2019-04-12 0001001601 MGTI:JuneTwoThousandEighteenNoteMember us-gaap:PreferredStockMember 2019-04-11 2019-04-12 0001001601 MGTI:JuneTwoThousandEighteenNoteMember 2019-04-12 0001001601 MGTI:LTwoCapitalLLCMember MGTI:EquityPurchaseAgreementMember 2018-11-30 0001001601 MGTI:LTwoCapitalLLCMember MGTI:EquityPurchaseAgreementMember MGTI:PutSharesMember srt:MaximumMember 2019-04-16 0001001601 MGTI:EquityPurchaseAgreementMmeberMember MGTI:NonAffiliatesMember 2019-04-15 2019-04-16 0001001601 MGTI:OasisCapitalMember MGTI:EquityPurchaseAgreementunderFormSOneMember MGTI:NewPutSharesMember srt:MaximumMember 2019-06-03 0001001601 MGTI:OasisCapitalMember MGTI:EquityPurchaseAgreementunderFormSOneMember 2019-06-01 2019-06-03 0001001601 2019-04-11 2019-04-12 0001001601 us-gaap:SeriesCPreferredStockMember 2019-04-11 2019-04-12 0001001601 us-gaap:SeriesBPreferredStockMember 2019-12-31 0001001601 us-gaap:SeriesBPreferredStockMember 2020-03-31 0001001601 us-gaap:PreferredStockMember 2019-03-31 0001001601 us-gaap:CommonStockMember 2019-04-01 2019-06-30 0001001601 us-gaap:CommonStockMember 2019-03-31 0001001601 us-gaap:AdditionalPaidInCapitalMember 2019-03-31 0001001601 MGTI:SubscriptionReceivableMember 2019-03-31 0001001601 us-gaap:RetainedEarningsMember 2019-03-31 0001001601 2019-03-31 0001001601 us-gaap:LandMember 2019-12-31 0001001601 us-gaap:ComputerEquipmentMember 2019-12-31 0001001601 MGTI:BitcoinMiningMachinesMember 2019-12-31 0001001601 MGTI:InfrastructureMember 2019-12-31 0001001601 MGTI:JuneTwoThousandEighteenNoteMember us-gaap:PreferredStockMember 2019-12-31 0001001601 MGTI:SeriesCConvertiblePreferredStockMember 2019-07-14 2019-07-15 0001001601 MGTI:SeriesCConvertiblePreferredStockMember 2019-04-01 2019-06-30 0001001601 MGTI:CommonStockOneMember 2019-07-01 2019-09-30 0001001601 MGTI:JuneTwoThousandEighteenNoteMember us-gaap:PreferredStockMember 2019-01-01 2019-12-31 0001001601 us-gaap:SeriesBPreferredStockMember MGTI:BoardofDirectorsMember 2019-01-10 2019-01-11 0001001601 us-gaap:SeriesBPreferredStockMember MGTI:BoardofDirectorsMember 2019-01-11 0001001601 MGTI:BitcoinMachinesMember 2019-09-01 2019-09-30 0001001601 us-gaap:ContainersMember 2019-12-31 0001001601 MGTI:JuneTwoThousandEighteenNoteThirdAmmendmentMember 2019-01-27 2019-01-28 0001001601 MGTI:JuneTwoThousandEighteenNoteFirstAmmendmentMember 2019-01-01 2019-12-31 0001001601 MGTI:JuneTwoThousandEighteenNoteFirstAmmendmentMember 2019-12-31 0001001601 MGTI:LTwoCapitalLLCMember MGTI:EquityPurchaseAgreementMember 2018-08-29 2018-08-30 0001001601 MGTI:OasisCapitalMember MGTI:EquityPurchaseAgreementunderFormSOneMember 2019-06-03 0001001601 MGTI:SeriesCConvertiblePreferredStockMember 2019-07-31 0001001601 MGTI:TwoSettlementAndTerminationAgreementsMember 2019-01-01 2019-12-31 0001001601 MGTI:TwoSettlementAndTerminationAgreementsMember 2019-08-31 0001001601 MGTI:TwoSettlementAndTerminationAgreementsMember 2019-12-31 0001001601 2020-05-14 0001001601 us-gaap:PreferredStockMember 2020-01-01 2020-03-31 0001001601 us-gaap:PreferredStockMember 2020-03-31 0001001601 us-gaap:CommonStockMember 2020-01-01 2020-03-31 0001001601 us-gaap:CommonStockMember 2020-03-31 0001001601 us-gaap:AdditionalPaidInCapitalMember 2020-01-01 2020-03-31 0001001601 us-gaap:AdditionalPaidInCapitalMember 2020-03-31 0001001601 MGTI:SubscriptionReceivableMember 2020-01-01 2020-03-31 0001001601 MGTI:SubscriptionReceivableMember 2020-03-31 0001001601 us-gaap:RetainedEarningsMember 2020-01-01 2020-03-31 0001001601 us-gaap:RetainedEarningsMember 2020-03-31 0001001601 2018-12-31 0001001601 us-gaap:SubsequentEventMember 2020-05-14 0001001601 MGTI:UnvestedRestrictedStockMember 2020-01-01 2020-03-31 0001001601 MGTI:ConversionOfConvertibleDebtMember 2020-01-01 2020-03-31 0001001601 us-gaap:ConvertiblePreferredStockMember 2020-01-01 2020-03-31 0001001601 MGTI:UnvestedRestrictedStockMember 2019-01-01 2019-03-31 0001001601 us-gaap:EmployeeStockOptionMember 2019-01-01 2019-03-31 0001001601 MGTI:ConversionOfConvertibleDebtMember 2019-01-01 2019-03-31 0001001601 us-gaap:WarrantMember 2019-01-01 2019-03-31 0001001601 srt:MaximumMember 2020-03-31 0001001601 MGTI:BitcoinMiningMachinesMember 2020-01-01 2020-03-31 0001001601 MGTI:ElectricalContractMember 2019-09-01 2019-09-30 0001001601 us-gaap:LeaseholdImprovementsMember 2019-12-31 0001001601 us-gaap:LandMember 2020-03-31 0001001601 us-gaap:ComputerEquipmentMember 2020-03-31 0001001601 MGTI:BitcoinMiningMachinesMember 2020-03-31 0001001601 MGTI:InfrastructureMember 2020-03-31 0001001601 us-gaap:ContainersMember 2020-03-31 0001001601 us-gaap:LeaseholdImprovementsMember 2020-03-31 0001001601 MGTI:MayTwoThousandEighteenNoteMember 2020-01-01 2020-03-31 0001001601 MGTI:MayTwoThousandEighteenNotesAmmendmentMember 2019-04-01 2019-06-30 0001001601 MGTI:JuneTwoThousandEighteenNoteThirdAmmendmentMember 2020-01-01 2020-03-31 0001001601 MGTI:JuneTwoThousandEighteenNoteMember 2020-01-01 2020-03-31 0001001601 MGTI:JuneTwoThousandEighteenNoteFirstAmmendmentMember 2020-01-01 2020-03-31 0001001601 MGTI:SharesIssuedUponConversionMember 2020-01-01 2020-03-31 0001001601 MGTI:JuneTwoThousandEighteenNoteMember us-gaap:PreferredStockMember 2020-03-31 0001001601 MGTI:JuneTwoThousandEighteenNoteMember 2020-03-31 0001001601 MGTI:NewLeaseMember 2019-01-01 2019-12-31 0001001601 MGTI:NewLeaseMember 2019-12-31 0001001601 MGTI:SubleaseAgreementMember 2019-01-01 2019-12-31 0001001601 us-gaap:CommonStockMember MGTI:DecemberTwoThousandEighteenNoteMember 2019-01-01 2019-03-31 0001001601 us-gaap:CommonStockMember 2019-03-27 2019-03-28 0001001601 MGTI:EmployeeAndDirectorMember us-gaap:SellingGeneralAndAdministrativeExpensesMember 2020-01-01 2020-03-31 0001001601 MGTI:EmployeeAndDirectorMember us-gaap:SellingGeneralAndAdministrativeExpensesMember 2019-01-01 2019-03-31 0001001601 us-gaap:StockOptionMember 2020-03-31 0001001601 MGTI:PODFiveAgreementMember MGTI:Bit5iveLLCMember 2020-01-01 2020-03-31 0001001601 MGTI:PODFiveAgreementMember MGTI:Bit5iveLLCMember 2019-01-01 2019-03-31 0001001601 MGTI:TwoSettlementAndTerminationAgreementsMember MGTI:MonthlySettlementOfDistributionsMember 2019-12-31 0001001601 MGTI:TwoSettlementAndTerminationAgreementsMember 2020-01-01 2020-03-31 0001001601 MGTI:TwoSettlementAndTerminationAgreementsMember MGTI:MonthlySettlementOfDistributionsMember 2020-03-31 0001001601 MGTI:TwoSettlementAndTerminationAgreementsMember 2020-03-31 0001001601 MGTI:StipulationOfSettlementMember 2020-04-22 2020-04-23 0001001601 us-gaap:SubsequentEventMember MGTI:FederalStipulationOfSettlementMember 2020-05-06 2020-05-07 0001001601 MGTI:FourHundredOneKPlanMember srt:MaximumMember 2020-01-01 2020-03-31 0001001601 MGTI:FourHundredOneKPlanMember 2020-01-01 2020-03-31 0001001601 MGTI:FourHundredOneKPlanMember 2019-01-01 2019-03-31 0001001601 us-gaap:SubsequentEventMember MGTI:JuneTwoThousandEighteenNoteMember 2020-05-07 0001001601 us-gaap:SubsequentEventMember MGTI:JuneTwoThousandEighteenNoteMember 2020-05-06 2020-05-07 0001001601 us-gaap:SubsequentEventMember MGTI:PromissoryNoteMember MGTI:AquestaBankMember 2020-04-15 2020-04-16 0001001601 us-gaap:SubsequentEventMember MGTI:PromissoryNoteMember MGTI:AquestaBankMember 2020-04-16 0001001601 us-gaap:SubsequentEventMember MGTI:PromissoryNoteMember MGTI:AquestaBankMember MGTI:NovemberOneTwoThousandTwentyMember 2020-04-15 2020-04-16 0001001601 us-gaap:SubsequentEventMember MGTI:PromissoryNoteMember MGTI:AquestaBankMember srt:MaximumMember 2020-04-15 2020-04-16 0001001601 MGTI:OfficeLeaseMember stpr:NC 2019-09-01 2019-09-30 0001001601 MGTI:SeriesCConvertiblePreferredStockMember 2019-07-01 2019-09-30 0001001601 us-gaap:SubsequentEventMember 2020-05-10 2020-05-11 xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure

115

8489800

200

10000

115

0.001

10-Q false 2020-03-31 --12-31

220000

949000

220000

894000

0.001

0001001601

Note 1. Organization and Basis of Presentation   Organization   MGT Capital Investments, Inc. (“MGT” or the “Company”) was incorporated in Delaware in 2000. MGT was originally incorporated in Utah in 1977. MGT is comprised of the parent company and its wholly owned subsidiary MGT Sweden AB. MGT’s corporate office is in Raleigh, North Carolina.   Cryptocurrency mining   Current Operations   The Company operates 1,500 new generation Bitcoin miners at its Company-owned and managed facility located in LaFayette, GA. All miners were purchased from Bitmaintech Pte. Ltd., a Singapore limited company (“Bitmain”), and are collectively rated at approximately 80 Ph/s in computing power. The Company’s miners are housed in five modified shipping containers including two manufactured by Bit5ive LLC of Miami, Florida (“Pod5ive Containers”). A utility substation, adjacent to the several acre property, has access to over 20 megawatts (MW) of low-cost power. The Company’s current electrical load is estimated at slightly over 3.0 MW. The entire facility, including the land, five 2500 KVA 3-phase transformers, the mining containers, and miners, are owned by MGT. As the Company is presently using only one-third of the built-out available electrical load, it is exploring ways to grow its current operations.   Former Operations   Prior to establishing its Company-owned and managed facility, the Company conducted its Bitcoin mining operations through third-party hosting arrangements. The Company also entered into management agreements with third party investors whereby the investors purchased the mining hardware, and the Company received both a fee to manage the mining operations plus one-half of the net operating profit.   Due to the steadily declining price of Bitcoin throughout the first quarter of 2019, the Company decided it was not economically responsible to continue mining operations until Bitcoin economics improved, which occurred in May 2019. In March 2019, the Company entered into a settlement agreement to terminate its initial hosting agreement in Washington and conveyed ownership of its onsite mining assets for full satisfaction of outstanding hosting service fees. In August and September 2019, the Company terminated its management agreements with third party investors and in December 2019, terminated its hosting arrangements in Colorado and Ohio.   Basis of presentation   The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10–Q and Rule 10 of Regulation S–X. Accordingly, they do not include all of the information and notes required by accounting principles generally accepted in the United States of America. However, in the opinion of the management of the Company, all adjustments necessary for a fair presentation of the financial position and operating results have been included in these statements. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10–K for the fiscal year ended December 31, 2019, as filed with the SEC on March 30, 2020. Operating results for the three months ended March 31, 2020 are not necessarily indicative of the results that may be expected for any subsequent quarters or for the year ending December 31, 2020.   The recent outbreak of COVID-19, which has been declared by the World Health Organization to be a pandemic, has spread across the globe and is impacting worldwide economic activity. A pandemic, including COVID-19, or other public health epidemic poses the risk that the Company or its employees and its business partners may be prevented from conducting business activities at full capacity for an indefinite period of time, including due to spread of the disease within these groups or due to shutdowns that may be requested or mandated by governmental authorities. While it is not possible at this time to estimate the impact that COVID-19 could have on the Company’s business, the continued spread of COVID-19 and the measures taken by the governments of countries affected which the Company conducts business with could disrupt the Company’s business. The COVID-19 outbreak and mitigation measures may also have an adverse impact on global economic conditions, which could have an adverse effect on the Company’s business and financial condition, including on its potential to conduct financings on terms acceptable to the Company, if at all. In addition, the Company may take temporary precautionary measures intended to help minimize the risk of the virus to its employees, including temporarily requiring all employees to work remotely and suspending all non-essential travel for its employees, which could negatively affect the Company’s business. The extent to which the COVID-19 outbreak impacts the Company’s results will depend on future developments that are highly uncertain and cannot be predicted, including new information that may emerge concerning the severity of the virus and the actions to contain its impact.

Note 2. Going Concern and Management’s Plans   The accompanying unaudited condensed consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As of March 31, 2020, the Company had incurred significant operating losses since inception and continues to generate losses from operations. As of March 31, 2020, the Company had an accumulated deficit of $415,826. As of March 31, 2020, and May 14, 2020, MGT’s cash and cash equivalents were $18 and $65, respectively.   In January 2020, management completed the initial phase of its plan to consolidate its activities in Company-owned and managed facilities, executing on its expansion model to secure low cost power and grow its cryptocurrency assets. The Company will need to raise additional funding to grow its operations and to pay current maturities of debt. There can be no assurance however that the Company will be able to raise additional capital when needed, or at terms deemed acceptable, if at all. The Company’s ability to raise additional capital will also be impacted by the volatility of Bitcoin and the recent outbreak of COVID-19, both of which are highly uncertain, cannot be predicted and could have an adverse effect on the Company’s business and financial condition. Such factors raise substantial doubt about the Company’s ability to sustain operations for at least one year from the issuance of these unaudited condensed consolidated financial statements. The accompanying unaudited condensed consolidated financial statements do not include any adjustments related to the recoverability and classification of asset amounts or the classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

Note 3. Summary of Significant Accounting Policies   Principles of consolidation   The unaudited condensed consolidated financial statements include the accounts of MGT and MGT Sweden AB. All intercompany transactions and balances have been eliminated.   Reclassification   Certain amounts in prior periods have been reclassified to conform to current period presentation. These reclassifications had no effect on the previously reported net loss.   Use of estimates and assumptions and critical accounting estimates and assumptions   The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the financial statements, and also affect the amounts of revenues and expenses reported for each period. Actual results could differ from those which result from using such estimates. Management utilizes various other estimates, including but not limited to determining the estimated lives of long-lived assets, stock compensation, determining the potential impairment of long-lived assets, the fair value of warrants issued, the fair value of conversion features, the recognition of revenue, the valuation allowance for deferred tax assets and other legal claims and contingencies. The results of any changes in accounting estimates are reflected in the financial statements in the period in which the changes become evident. Estimates and assumptions are reviewed periodically, and the effects of revisions are reflected in the period that they are determined to be necessary.   Revenue recognition   The Company’s primary revenue stream is related to the mining of digital currencies. The Company derives its revenue by solving “blocks” to be added to the blockchain and providing transaction verification services within the digital currency network of Bitcoin, commonly termed “cryptocurrency mining.” In consideration for these services, the Company receives digital currency (“Coins”). The Coins are recorded as revenue, using the average spot price of Bitcoin on the date of receipt. The Coins are recorded on the balance sheet as an intangible digital asset valued at the lower of cost or net realizable value. Net realizable value adjustments, to adjust the value of Coins to market value, are included in cost of revenue on the Company’s consolidated statement of operations. Further, any gain or loss on the sale of Coins would be recorded to costs of revenue. Costs of revenue include electricity costs, equipment and infrastructure depreciation, and net realizable value adjustments. During 2019, costs of revenues also included hosting fees based on third-party hosting agreements, all of which were terminated as of December 31, 2019.   The Company also recognizes a royalty participation upon the sale of Pod5ive Containers by Bit5ive LLC under the terms of a collaboration agreement entered in August 2018.   Property and Equipment   Property and equipment are stated at cost less accumulated depreciation. Depreciation is calculated using the straight–line method on the various asset classes over their estimated useful lives, which range from one to ten years when placed in service. The cost of repairs and maintenance is expensed as incurred; major replacements and improvements are capitalized. When assets are retired or disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gains or losses are included in income in the year of disposition. Deposits on property and equipment are initially classified as Other Assets and upon delivery, installation and full payment, the assets are classified as property and equipment on the consolidated balance sheet.   Income taxes   The Company accounts for income taxes in accordance with ASC 740, “Income Taxes”. ASC 740 requires an asset and liability approach for financial accounting and reporting for income taxes and established for all the entities a minimum threshold for financial statement recognition of the benefit of tax positions and requires certain expanded disclosures. The provision for income taxes is based upon income or loss after adjustment for those permanent items that are not considered in the determination of taxable income. Deferred income taxes represent the tax effects of differences between the financial reporting and tax basis of the Company’s assets and liabilities at the enacted tax rates in effect for the years in which the differences are expected to reverse. The Company evaluates the recoverability of deferred tax assets and establishes a valuation allowance when it is more likely than not that some portion or all the deferred tax assets will not be realized. Management makes judgments as to the interpretation of the tax laws that might be challenged upon an audit and cause changes to previous estimates of tax liability. In management’s opinion, adequate provisions for income taxes have been made. If actual taxable income by tax jurisdiction varies from estimates, additional allowances or reversals of reserves may be necessary.   Loss per share   Basic loss per share is calculated by dividing net loss applicable to common shareholders by the weighted average number of common shares outstanding during the period. Diluted loss per share is calculated by dividing the net loss attributable to common shareholders by the sum of the weighted average number of common shares outstanding plus potential dilutive common shares outstanding during the period. Potential dilutive securities, comprised of unvested restricted shares, convertible debt, convertible preferred stock, stock warrants and stock options, are not reflected in diluted net loss per share because such potential shares are anti–dilutive due to the Company’s net loss.   Accordingly, the computation of diluted loss per share for the three months ended March 31, 2020 excludes 266,667 unvested restricted shares, 68,904,286 shares issuable upon the conversion of convertible debt, and 126,373,626 shares issuable under convertible preferred stock. The computation of diluted loss per share for the three months ended March 31, 2019 excludes 2,650,001 unvested restricted shares, 6,000,000 shares issuable under stock options, 100,743,629 shares issuable upon conversion of convertible debt, and 5,477,975 shares issuable under warrants.   Stock–based compensation   The Company recognizes compensation expense for all equity–based payments in accordance with ASC 718 “Compensation – Stock Compensation”. Under fair value recognition provisions, the Company recognizes equity–based compensation net of an estimated forfeiture rate and recognizes compensation cost only for those shares expected to vest over the requisite service period of the award.   Restricted stock awards are granted at the discretion of the compensation committee of the board of directors of the Company (the “Board of Directors”). These awards are restricted as to the transfer of ownership and generally vest over the requisite service periods, typically over a 12 to 24-month period (vesting on a straight–line basis). The fair value of a stock award is equal to the fair market value of a share of the Company’s common stock on the grant date.   The fair value of an option award is estimated on the date of grant using the Black–Scholes option valuation model. The Black–Scholes option valuation model requires the development of assumptions that are inputs into the model. These assumptions are the expected stock volatility, the risk–free interest rate, the expected life of the option, the dividend yield on the underlying stock and the expected forfeiture rate. Expected volatility is calculated based on the historical volatility of the Company’s common stock over the expected term of the option. Risk–free interest rates are calculated based on continuously compounded risk–free rates for the appropriate term.   Determining the appropriate fair value model and calculating the fair value of equity–based payment awards requires the input of the subjective assumptions described above. The assumptions used in calculating the fair value of equity–based payment awards represent management’s best estimates, which involve inherent uncertainties and the application of management’s judgment. The Company is required to estimate the expected forfeiture rate and recognize expense only for those shares expected to vest.   The Company accounts for share–based payments granted to non–employees in accordance with ASC 505–50, “Equity Based Payments to Non–Employees.” The Company determines the fair value of the stock–based payment as either the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more readily determinable. If the fair value of the equity instruments issued is used, it is measured using the stock price and other measurement assumptions as of the earlier of either (1) the date at which a commitment for performance by the counterparty to earn the equity instruments is reached, or (2) the date at which the counterparty’s performance is complete.   Fair Value Measure and Disclosures   ASC 820 “Fair Value Measurements and Disclosures” provides the framework for measuring fair value. That framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).   Fair value is defined as an exit price, representing the amount that would be received upon the sale of an asset or payment to transfer a liability in an orderly transaction between market participants. Fair value is a market-based measurement that is determined based on assumptions that market participants would use in pricing an asset or liability. A three-tier fair value hierarchy is used to prioritize the inputs in measuring fair value as follows:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px"> </td> <td style="width: 24px">●</td> <td style="text-align: justify">Level 1 Quoted prices in active markets for identical assets or liabilities.</td></tr> <tr style="vertical-align: top"> <td> </td> <td>●</td> <td style="text-align: justify">Level 2 Quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable, either directly or indirectly.</td></tr> <tr style="vertical-align: top"> <td> </td> <td>●</td> <td style="text-align: justify">Level 3 Significant unobservable inputs that cannot be corroborated by market data.</td></tr> </table>   As of March 31, 2020, the Company had a Level 3 financial instrument related to the management agreement termination liability. Observable transactions are not available to aid in determining the fair value of the management agreement termination liability. Therefore, the fair value was determined based on the remaining payments which include two components that are based on market conditions, Bitcoin price and Difficulty Rate, thus requiring the liability to be adjusted to fair value on a periodic basis. The fair value of Bitcoin price and Difficulty Rate are obtained on quoted prices in active markets.   Gain (Loss) on Modification/Extinguishment of Debt   In accordance with ASC 470, a modification or an exchange of debt instruments that adds or eliminates a conversion option that was substantive at the date of the modification or exchange is considered a substantive change and is measured and accounted for as extinguishment of the original instrument along with the recognition of a gain/loss. Additionally, under ASC 470, a substantive modification of a debt instrument is deemed to have been accomplished with debt instruments that are substantially different if the present value of the cash flows under the terms of the new debt instrument is at least 10 percent different from the present value of the remaining cash flows under the terms of the original instrument. A substantive modification is accounted for as an extinguishment of the original instrument along with the recognition of a gain/loss.   Cash and cash equivalents   The Company considers all highly liquid instruments with an original maturity of three months or less when acquired to be cash equivalents. The Company’s combined accounts were $18 and $216 as of March 31, 2020 and December 31, 2019, respectively. Since the FDIC’s insurance coverage is for combined account balances that do not exceed $250, there is no concentration of credit risks.   Recent accounting pronouncements   Management does not believe that any recently issued, but not yet effective accounting pronouncements, when adopted, will have a material effect on the accompanying consolidated financial statements, other than those disclosed below.   Equity-linked instruments   The Company accounts for equity-linked instruments with certain anti-dilution provisions in accordance with ASC 815 and ASC 260. Under this guidance, the Company excludes instruments with certain down round features when determining whether a financial instrument (or embedded conversion feature) is considered indexed to the Company’s own stock. As a result, financial instruments (or embedded conversion features) with down round features are not required to be classified as derivative liabilities. The Company recognizes the value of a down round feature only when it is triggered and the exercise or conversion price has been adjusted downward. For equity-classified freestanding financial instruments, such as warrants, the Company treats the value of the effect of the down round, when triggered, as a deemed dividend and a reduction of income available to common stockholders in computing basic earnings per share. For convertible instruments with embedded conversion features containing down round provisions, the Company recognizes the value of the down round as a beneficial conversion discount to be amortized to earnings.   Impairment of long-lived assets   Long-lived assets are reviewed for impairment whenever facts or circumstances either internally or externally may suggest that the carrying value of an asset may not be recoverable, Should there be an indication of impairment, we test for recoverability by comparing the estimated undiscounted future cash flows expected to result from the use of the asset to the carrying amount of the asset or asset group. Any excess of the carrying value of the asset or asset group over its estimated fair value is recognized as an impairment loss.   Management’s evaluation of subsequent events   The Company evaluates events that have occurred after the balance sheet date but before the financial statements are issued. Based upon the review, other than what is described in Note 11 – Subsequent Events, the Company did not identify any recognized or non-recognized subsequent events that would have required adjustment or disclosure in the unaudited condensed consolidated financial statements.

Note 8. Stock–Based Compensation   Issuance of restricted common stock – directors, officers and employees   The Company’s activity in restricted common stock was as follows for the three months ended March 31, 2020:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">Number of shares</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">Weighted average grant date fair value</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%; text-align: justify">Non–vested at January 1, 2020</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 16%; text-align: right">650,000</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 16%; text-align: right">1.24</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify">Granted</td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">-</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt; text-align: justify">Vested</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">(383,333</td> <td style="padding-bottom: 1.5pt">)</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid">$</td> <td style="border-bottom: black 1.5pt solid; text-align: right">1.46</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt; text-align: justify">Non–vested at March 31, 2020</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double"> </td> <td style="border-bottom: black 2.25pt double; text-align: right">266,667</td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">0.94</td> <td style="padding-bottom: 2.5pt"> </td></tr> </table>   For the three months ended March 31, 2020 and 2019, the Company has recorded $220 and $894, in employee and director stock–based compensation expense, which is a component of general and administrative expenses in the consolidated statement of operations. As of March 31, 2020, unamortized stock-based compensation costs related to restricted share arrangements was $3 and will be recognized over a weighted average period of 0.22 years.   Stock options   As of December 31, 2019, the Company had 6,000,000 stock options with a weighted average exercise price of $0.71 and a weighted average grant date fair value of $1.29. All the stock options were fully vested and there were no unrecognized costs. Under the terms of the stock option agreement, all options expired on January 31, 2020. As of March 31, 2020, there are no outstanding or exercisable stock options.

Note 11. Subsequent Events   The Company has evaluated the impacts of subsequent events through May 14, 2020 and has determined that no such events occurred that were required to be reflected in the unaudited condensed consolidated financial statements, except as described within the above notes and described below.   On May 7, 2020, the holder of the June 2018 Note converted $150,000 of debt principal into 16,483,516 shares of common stock, reducing the outstanding principal to $429.   On April 16, 2020, the Company entered into a promissory note with Aquesta Bank for $108 in connection with the Paycheck Protection Program offered by the U.S. Small Business Administration. The note bears interest at 1% per annum, with monthly installments of $6 commencing on November 1, 2020 for 18 months through its maturity on April 1, 2022. The principal amount of the loan will be forgiven if the loan proceeds are used to pay for payroll costs, rent and utilities costs over the 8-week period after the loan is made. Not more than 25% of the forgiven amount may be used for non-payroll costs. The amount of the loan forgiveness will be reduced if the Company reduces its full-time head count.   On May 11, 2020, the third Halving, described below, occurred, revising the reward payout to 6.25 Bitcoin per block, from the previous reward payout of 12.5 Bitcoin per block The supply of Bitcoin is finite. Once 21 million Bitcoin are generated, the network will stop producing more. Currently, there are approximately 18 million Bitcoin in circulation, or 85% of the total supply of Bitcoin. Within the Bitcoin protocol is an event referred to as Halving where the Bitcoin reward provided upon mining a block is reduced by 50%. Halvings are scheduled to occur once every 210,000 blocks, or roughly every four years, until the maximum supply of 21 million Bitcoin is reached.

Note 7. Common Stock and Preferred Stock   Common stock   Equity Purchase Agreement under Form S-3   On August 30, 2018, the Company and L2 Capital, LLC (“L2 Capital”) entered into an equity purchase agreement, which was later amended on November 30, 2018, whereby the Company could issue and sell to L2 Capital from time to time up to $50,000 of the Company’s common stock that was registered with the SEC under a registration statement on Form S–3. Subject to the terms of the equity purchase agreement, the Company provided notices (a “Put Notice”) requiring L2 Capital to purchase a number of shares (the “Put Shares”) of the common stock equal to the lesser of $500 and 200% of the average trading volume of the common stock in the ten trading days immediately preceding the date of such Put Notice. The terms also provided the purchase price for such Put Shares to be the lowest traded price on a principal market for any trading day during the five trading days either following or beginning on the date on which L2 Capital receives delivery of the Put Shares, multiplied by 95.0%.   During the three months ended March 31, 2019, the Company issued 43,100,000 shares of its common stock in exchange for $2,154. Of that amount, $354 was applied directly as payment against the December 2018 Note. On March 28, 2019, the Company sold 7,500,000 shares of common stock for proceeds of $346. Since the proceeds were collected in April 2019, the Company recorded a subscription receivable of this amount as of March 31, 2019.   On April 16, 2019, the Company became ineligible to issue shares under its registration statement on Form S-3 as the aggregate market value of the Company’s common stock held by non-affiliates was below the regulatory threshold of $75,000. In connection with this ineligibility, the equity purchase agreement was terminated.   Equity Purchase Agreement under Form S-1   On June 3, 2019, the Company entered into an equity purchase agreement with Oasis Capital, whereby the Company shall have the right, but not the obligation, to direct Oasis Capital to purchase shares of the Company’s common stock (the “New Put Shares”) in an amount in each instance up to the lesser of $1,000 or 250% of the average daily trading volume by delivering a notice to Oasis Capital (the “New Put Notice”). The purchase price (the “Purchase Price”) for the New Put Shares shall equal 95% of the one lowest daily volume weighted average price on a principal market during the five trading days immediately following the date Oasis receives the New Put Shares via DWAC associated with the applicable New Put Notice (the “Valuation Period”). The closing of a New Put Notice shall occur within one trading day following the end of the respective Valuation Period, whereby (i) Oasis shall deliver the Investment Amount (as defined below) to the Company by wire transfer of immediately available funds and (ii) Oasis shall return surplus New Put Shares if the value of the New Put Shares delivered to Oasis causes the Company to exceed the maximum commitment amount. The Company shall not deliver another New Put Notice to Oasis within ten trading days of a prior New Put Notice. The “Investment Amount” means the aggregate Purchase Price for the New Put Shares purchased by Oasis, minus clearing costs payable to Oasis’s broker or to the Company’s transfer agent for the issuance of the New Put Shares. The shares issuable under the equity purchase agreement are registered with the SEC under a registration statement on Form S-1 that was declared effective on June 25, 2019 covering up to 76,558,643 shares of common stock, and are subject to a maximum beneficial ownership by Oasis Capital of 9.99%.   Through December 31, 2019, the Company sold 52,000,000 shares of its common stock under the Form S-1 and no shares were sold during the three months ended March 31, 2020. Upon the filing of the Company’s 2019 Form 10-K with the SEC on March 30, 2020, the Company will need to file a post-effective amendment to the Form S-1 to enable further sales of its common stock under this registration statement.   Other Common Stock Issuances   During the three months ended March 31, 2019, the Company issued 160,500 shares of its common stock to consultants in exchange for services. These services were valued at $60 based upon the value of the shares issued.   Preferred Stock   On January 11, 2019, the Company’s Board of Directors approved the authorization of 10,000 shares of Series B Preferred Stock with a par value of $0.001 (“Series B Preferred Shares”). The holders of the Series B Preferred Shares shall be entitled to receive, when, as, and if declared by the Board of Directors of the Company, out of funds legally available for such purpose, dividends in cash at the rate of 12% of the stated value per annum on each Series B Preferred Share. Such dividends shall be cumulative and shall accrue without interest from the date of issuance of the respective share of the Series B Preferred Shares. Each holder shall also be entitled to vote on all matters submitted to stockholders of the Company and shall be entitled to 55,000 votes for each Series B Preferred Share owned at the record date for the determination of stockholders entitled to vote on such matter or, if no such record date is established, at the date such vote is taken or any written consent of stockholders is solicited. In the event of a liquidation event, any holders of the Series B Preferred Shares shall be entitled to receive, for each Series B Preferred Shares, the stated value in cash out of the assets of the Company, whether from capital or from earnings available for distribution to its stockholders. The Series B Preferred Shares are not convertible into shares of the Company’s common stock. No shares of Series B Preferred Shares have been issued or are outstanding.   On April 12, 2019, the Company’s Board of Directors approved the authorization of 200 Series C Preferred Shares with a par value of $0.001 (“Series C Preferred Shares”). The holders of the Series C Preferred Shares have no voting rights, receive no dividends, and are entitled to a liquidation preference equal to the stated value. At any time, the Company may redeem the Series C Preferred Shares at 1.2 times the stated value. Given the right of redemption is solely at the option of the Company, the Series C Preferred Shares are not considered mandatorily redeemable, and as such are classified in shareholders’ equity on the Company’s consolidated balance sheet.   Each Series C Preferred Share is convertible into shares of the Company’s common stock in an amount equal to the greater of: (a) 200,000 shares of common stock or (b) the amount derived by dividing the stated value by the product of 0.7 times the market price of the Company’s common stock, defined as the lowest trading price of the Company’s common stock during the ten day period preceding the conversion date. The holder may not convert any Series C Preferred Shares if the total amount of shares held, together with holdings of its affiliates, following a conversion exceeds 9.99% of the Company’s common stock.   The common shares issued upon conversion of the Series C Preferred Shares have been registered under the Company’s then-effective registration statement on Form S-3. On April 12, 2019, the Company sold 190 Series C Preferred Shares for $1,890, net of issuance costs and on July 15, 2019 sold 10 Series C Preferred Shares for $100. During the second and third quarters of 2019, holders converted 50 Series C Preferred Shares into 14,077,092 shares of common stock and 35 Series C Preferred Shares into 13,528,575 shares of common stock, respectively. 115 shares of Series C Preferred Stock are issued and outstanding as of March 31, 2020 and December 31, 2019, respectively.   Upon issuance of the Series C Preferred Shares during the second and third quarters of 2019, the Company recorded a deemed dividend based on the beneficial conversion feature underlying the Preferred Shares, measured as the difference between the conversion price of the Series C Preferred Shares and the fair value of the underlying common stock Accordingly, on April 12, 2019 and July 2019 issuances, the Company recorded deemed dividends of $859 and $46, respectively.

342000

17500000

160

160500

111079683

413701289

115

154340183

115

446448446

60000

10000000

Note 10. Employee Benefit Plans   The Company maintains defined contribution benefit plans under Section 401(k) of the Internal Revenue Code covering substantially all qualified employees of the Company (the “401(k) Plan”). Under the 401(k) Plan, the Company may make discretionary contributions of up to 100% of employee contributions. During the three months ended March 31, 2020 and 2019, the Company made contributions to the 401(k) Plan of $4 and $4, respectively.

1030000

1914000

1635000

2000000

-958000

-1972000

30000

82000

-366000

263000

-0.00

-0.01

425051549

122404668

100000

125000

130000

359000

4096000

4294000

1249000

795000

124000

52000

124000

1572000

1008000

-415826000

-414502000

2473000

3227000

111000

403299000

-404719000

414000

417315000

-414502000

154000

406364000

-346000

-406425000

-253000

447000

417852000

-415826000

-1309000

421000

1127000

-57000

-52000

453000

-174000

183000

-1109000

343000

-381000

1375000

3000

The Company’s activity in restricted common stock was as follows for the three months ended March 31, 2020:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">Number of shares</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">Weighted average grant date fair value</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%; text-align: justify">Non–vested at January 1, 2020</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 16%; text-align: right">650,000</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 16%; text-align: right">1.24</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify">Granted</td> <td> </td> <td> </td> <td style="text-align: right">-</td> <td> </td> <td> </td> <td>$</td> <td style="text-align: right">-</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt; text-align: justify">Vested</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">(383,333</td> <td style="padding-bottom: 1.5pt">)</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid">$</td> <td style="border-bottom: black 1.5pt solid; text-align: right">1.46</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt; text-align: justify">Non–vested at March 31, 2020</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double"> </td> <td style="border-bottom: black 2.25pt double; text-align: right">266,667</td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">0.94</td> <td style="padding-bottom: 2.5pt"> </td></tr> </table>

Note 5. Notes Payable   May 2018 Notes   On May 23, 2018, the Company entered into a securities purchase agreement with two accredited investors, pursuant to which the Company issued $840 in unsecured promissory notes for aggregate consideration of $700 (the “May 2018 Notes”), with an initial maturity date of March 23, 2019. On January 7, 2019, and again on March 28, 2019 the Company entered amendments to one of the May 2018 Notes, whereby the parties agreed to extend the maturity date of the note to July 15, 2019, agreed to forego certain monthly installments, and agreed prospective installments were to be paid in cash unless the Company elected to make payments in shares of the Company’s common stock, at a price equal to the lowest VWAP of the Company’s common stock during the preceding twenty trading days multiplied by 70%, or any lower price made available to any other holder of the Company’s securities. In consideration of these amendments, the Company incurred extension fees of $121. Because these amendments were considered substantive changes, the Company accounted for the modifications as extinguishments of debt and recorded a gain of $320 during the three months ended March 31, 2019.   On April 9, 2019, the Company entered an amendment to one of its May 2018 Notes, whereby the parties agreed to extend the maturity date of the note to August 15, 2019, agreed to forego certain monthly installments, and provided a substantial conversion feature allowing the lender, in its sole discretion, the right to convert prospective installments into shares of the Company’s common stock, at a price equal to the lowest intra-day price of the Company’s common stock during the preceding twenty trading days multiplied by 70%, or any lower price made available to any other holder of the Company’s securities. In consideration of this amendment, the Company incurred an extension fee of $50. Because this amendment was considered a substantive change, the Company accounted for this modification as an extinguishment of debt and recorded a gain of $127 during the three months ended June 30, 2019.   On May 10, 2019, the original holders of the Company’s May 2018 Notes assigned and sold all notes to Oasis Capital, LLC (“Oasis Capital”). On the same date, the Company and Oasis Capital executed a letter agreement to amend the terms to allow Oasis Capital to convert the total outstanding principal amount of $421 into shares of the Company’s common stock, at a price equal to the lowest trading price of the Company’s common stock during the preceding twenty trading days multiplied by 70%, or any lower price made available to any other holder of the Company’s securities. On May 15, 2019, Oasis executed a full conversion of the May 2018 Notes and was issued 10,568,087 shares of the Company’s common stock.   June 2018 Note   On June 1, 2018, the Company entered into a note purchase agreement with an accredited investor, pursuant to which the Company issued an unsecured promissory note in the amount of $3,600 (the “June 2018 Note”) for consideration of $3,000. The outstanding balance was to be made in nine equal monthly installments beginning August 1, 2018, with an initial maturity date of April 1, 2019, with no prepayment penalty. Upon an event of default, the outstanding balance of the promissory note shall immediately increase by 120% and become immediately due and payable. Prior to 2019, this note was amended twice.   On January 28, 2019, the Company entered a third amendment, whereby the parties agreed to extend the maturity date to October 1, 2019 and to forego certain monthly installments. The parties also agreed the Company would pay all installments in cash unless both the Company and the lender agreed to make payments in shares of the Company’s common stock, at a price equal the lowest intra-day trade price of the Company’s common stock during the preceding twenty trading days multiplied by 70%. In consideration of this amendment, the Company incurred an extension fee of $527. The Company accounted for this amendment as an extinguishment of debt and recorded a gain of $991 during the three months ended March 31, 2019.   On May 10, 2019, the Company entered a fourth amendment, allowing the lender to convert the total outstanding principal amount of $3,159 into shares of the Company’s common stock, at a price equal the lowest intra-day trade price of the Company’s common stock during the preceding twenty trading days multiplied by 70%, or any lower price made available to any other holder of the Company’s securities. This amendment also eliminated the Company’s mandatory monthly amortization payments and extended the maturity to December 15, 2019. After such date, and within 10 business days, any outstanding balance shall be satisfied, at the Company’s election, either with cash, common stock conversion, or any combination thereof. The Company accounted for this amendment as an extinguishment of debt and recorded a gain of $1,310 during the three months ended June 30, 2019.   On December 31, 2019, the Company entered a fifth amendment extending the maturity date to June 30, 2020 and deleting in its entirety, the requirement to settle the outstanding balance with cash, common stock conversion or any combination thereof, no later than December 15, 2019. An extension fee of $84 was added to the outstanding balance bringing the total outstanding principal balance to $929 as of December 31, 2019. The Company accounted for this amendment as an extinguishment of debt and recorded a gain of $792. In connection with recording the new debt, the Company recorded debt discount of $877 including both (i) the time of value money and (ii) the discount related to the conversion feature underlying the debt instrument.   During the three months ended March 31, 2020, the Company issued 32,747,157 shares of its common stock upon the conversion of $350 in outstanding principal, reducing the outstanding principal balance to $579 as of March 31, 2020.   The holder of the June 2018 Note also acquired 17,500,000 shares of the Company’s common stock on April 12, 2019, and is an affiliate of the acquirer of 160 shares of Series C Convertible Preferred Stock with a par value of $0.001 and a stated value of $10,000 per share (“Preferred Shares”) acquired during 2019, of which 115 Preferred Shares remain outstanding as of March 31, 2020. See Note 7 below for a further description of the Preferred Shares. The holder of the June 2018 Note and its affiliates are collectively subject to a maximum beneficial ownership of 9.99%.   December 2018 Note   On December 6, 2018, the Company entered into a note purchase agreement with an accredited investor, pursuant to which the Company issued an unsecured promissory note in the amount of $598 (the “December 2018 Note”) for consideration of $500, with an interest rate of 8% per annum and a maturity date of May 6, 2019. The note was paid in full in March 2019.   Notes payable consisted of the following:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="10" style="border-bottom: black 1.5pt solid; text-align: center">As of March 31, 2020</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">Principal</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">Discount</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">Net</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 55%; padding-bottom: 2.5pt; text-align: justify">Total notes payable-June 2018 Note</td> <td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double; width: 1%">$</td> <td style="border-bottom: black 2.25pt double; width: 12%; text-align: right">579</td> <td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double; width: 1%">$</td> <td style="border-bottom: black 2.25pt double; width: 12%; text-align: right">(455</td> <td style="width: 1%; padding-bottom: 2.5pt">)</td> <td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double; width: 1%">$</td> <td style="border-bottom: black 2.25pt double; width: 12%; text-align: right">124</td> <td style="width: 1%; padding-bottom: 2.5pt"> </td></tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> </table>   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="10" style="border-bottom: black 1.5pt solid; text-align: center">As of December 31, 2019</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">Principal</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">Discount</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">Net</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 55%; padding-bottom: 2.5pt; text-align: justify">Total notes payable-June 2018 Note</td> <td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double; width: 1%">$</td> <td style="border-bottom: black 2.25pt double; width: 12%; text-align: right">929</td> <td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double; width: 1%">$</td> <td style="border-bottom: black 2.25pt double; width: 12%; text-align: right">(877</td> <td style="width: 1%; padding-bottom: 2.5pt">)</td> <td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double; width: 1%">$</td> <td style="border-bottom: black 2.25pt double; width: 12%; text-align: right">52</td> <td style="width: 1%; padding-bottom: 2.5pt"> </td></tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> </table>   During the three months ended March 31, 2020 and 2019, the Company recorded accretion of debt discount of $421 and $1,127, respectively.

Notes payable consisted of the following:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="10" style="border-bottom: black 1.5pt solid; text-align: center">As of March 31, 2020</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">Principal</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">Discount</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">Net</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 55%; padding-bottom: 2.5pt; text-align: justify">Total notes payable-June 2018 Note</td> <td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double; width: 1%">$</td> <td style="border-bottom: black 2.25pt double; width: 12%; text-align: right">579</td> <td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double; width: 1%">$</td> <td style="border-bottom: black 2.25pt double; width: 12%; text-align: right">(455</td> <td style="width: 1%; padding-bottom: 2.5pt">)</td> <td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double; width: 1%">$</td> <td style="border-bottom: black 2.25pt double; width: 12%; text-align: right">124</td> <td style="width: 1%; padding-bottom: 2.5pt"> </td></tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> </table>   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="10" style="border-bottom: black 1.5pt solid; text-align: center">As of December 31, 2019</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">Principal</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">Discount</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">Net</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 55%; padding-bottom: 2.5pt; text-align: justify">Total notes payable-June 2018 Note</td> <td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double; width: 1%">$</td> <td style="border-bottom: black 2.25pt double; width: 12%; text-align: right">929</td> <td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double; width: 1%">$</td> <td style="border-bottom: black 2.25pt double; width: 12%; text-align: right">(877</td> <td style="width: 1%; padding-bottom: 2.5pt">)</td> <td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double; width: 1%">$</td> <td style="border-bottom: black 2.25pt double; width: 12%; text-align: right">52</td> <td style="width: 1%; padding-bottom: 2.5pt"> </td></tr> </table>

1457000

82000

354000

MGT CAPITAL INVESTMENTS, INC.

157000

321000

1311000

320000

127000

991000

1310000

792000

421000 1127000

97000

9000

Q1 2020 Non-accelerated Filer false true

12000

18000

Principles of consolidation   The unaudited condensed consolidated financial statements include the accounts of MGT and MGT Sweden AB. All intercompany transactions and balances have been eliminated.

-6000

-30000

69000

78000

1623000

1067000

Note 6. Leases In December 2019, the Company entered a new office lease in connection with the relocation of its executive office to Raleigh, North Carolina. The Company accounted for its new office lease as an operating lease under the guidance of Topic 842. Rent expense under the new lease is $3 per month, with annual increases of 3% during the three-year term. The Company used an incremental borrowing rate of 29.91% based on the weighted average effective interest rate of its outstanding debt. In December 2019, the Company recorded a Right of Use Asset of $79 and a corresponding Lease Liability of $79. The Right to Use Asset is accounted for as an operating lease and has a balance, net of amortization, of $69 as of March 31, 2020. 	 Total future minimum payments required under the lease agreement are as follows:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">Amount</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 79%">Remainder of 2020</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 18%; text-align: right">27</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>2021</td> <td> </td> <td> </td> <td style="text-align: right">37</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt">2022</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">39</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Total undiscounted minimum future lease payments</td> <td> </td> <td>$</td> <td style="text-align: right">103</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt">Less Imputed interest</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">(34</td> <td style="padding-bottom: 1.5pt">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt">Present value of operating lease liabilities</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">69</td> <td style="padding-bottom: 2.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>Disclosed as:</td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Current portion</td> <td> </td> <td>$</td> <td style="text-align: right">18</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt">Non-current portion</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">51</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">69</td> <td style="padding-bottom: 2.5pt"> </td></tr> </table>   The Company’s former executive office was located in Durham, North Carolina under a sublease agreement that was terminated in December 2019, with monthly rent of $7 in the final year of the sublease agreement. The Company recorded rent expense of $9 and $20 for the three months ended March 31, 2020 and 2019, respectively.

18000

19000

123000

26000

Note 9. Commitments and Contingencies   Bitcoin Production Equipment and Operations   On August 14, 2018, the Company entered a collaborative venture with Bit5ive, LLC to develop a fully contained crypto currency mining pod (the “POD5 Agreement”) for a term of five years. Pursuant to the POD5 Agreement, the Company assists with the design and development of the POD5 Containers. The Company retains naming rights to the pods and receives royalty payments from Bit5ive, LLC in exchange for providing capital as well as engineering and design expertise. During the three months ended March 31, 2020 and 2019, the Company received royalties and recognized revenue under this agreement of $3 and $0, respectively.   Electricity Contract   In June 2019, the Company entered into a two-year contract for electric power with the City of Lafayette, Georgia, a municipal corporation of the State of Georgia (“the City”). The Company makes monthly payments based upon electricity consumed, at a negotiated kilowatt per hour rate, inclusive of transmission charges and exclusive of state and local sales taxes. Over time, the Company is entitled to utilize a load of 10 megawatts. For each month, the Company estimates its expected electric load, and should the actual load drop below 90% of this estimate, the City reserves the right to impose a modest penalty to the hourly kilowatt rate for electricity consumed.   In connection with this agreement, the Company paid a $154 security deposit and such amount is classified as Other Assets in the Company’s consolidated balance sheet as of March 31, 2020.   Management Agreement Termination Liability   On August 31, 2019, the Company entered into two Settlement and Termination Agreements (the “Settlement Agreements”) to management agreements it entered in 2017 with two accredited investors (together the “Users”). Under the terms of the Settlement Agreements, the Company will pay the Users a percentage of profits (“Settlement Distribution”) of Bitcoin mining as defined in the Settlement Agreements. The estimated present value of the Settlement Distributions of $337 was recorded as termination expense with an offsetting liability on August 31, 2019. Since two of the components of the Settlement Distribution, Bitcoin price and Difficulty Rate, as defined in the Settlement Agreements, are based on market conditions, the liability will be adjusted to fair value on a quarterly basis and any changes will be recorded in the statement of operations. As such, the liability is considered a Level 3 financial instrument. During 2019, the Company recognized a gain on the change in the fair value of $176 based on the change of Bitcoin price and Difficulty Rate, and along with the monthly Settlement Distributions valued at $45, the liability was reduced to $116 as of December 31, 2019. During the three months ended March 31, 2020, the Company recognized a gain on the change in the fair value of $15 based on the change of Bitcoin price and Difficulty Rate, and along with the monthly Settlement Distributions valued at $43, the liability was reduced to $58 as of March 31, 2020. Based on the terms of the Settlement Agreements, Settlement Distributions are scheduled to terminate on September 30, 2020.   Legal   The Company has resolved a number of shareholder derivative actions pending in state and federal courts.   On January 24, 2017, the Company was served with a summons and complaint filed by plaintiff shareholder Atul Ojha in New York state court against certain officers and directors of the Company and naming the Company as a nominal defendant. The lawsuit is styled as a derivative action (the “Ojha Derivative Action”) and was originally filed (but not served on any defendant) on October 15, 2016. The Ojha Derivative Action substantively alleges that the defendants, collectively or individually, inadequately managed the business and assets of the Company resulting in the deterioration of the Company’s financial condition. The Ojha Derivative Action asserts claims including, but not limited to, breach of fiduciary duties, unjust enrichment and waste of corporate assets.   On December 12, 2018, a shareholder derivative action was filed by shareholder Bob Thomas against certain current and former directors, officers and shareholders of the Company, and naming the Company as a nominal defendant, in New York state court, alleging breach of fiduciary duties, unjust enrichment, abuse of control, gross mismanagement, and waste and seeking declaratory relief and damages (the “Thomas Derivative Action”). The underlying allegations in the Thomas Derivative Action largely repeat the allegations of wrongdoing in the 2018 Securities Class Actions, as defined in the Company’s 2019 Form 10-K filed with the SEC on March 30, 2020.   On April 23, 2020, the Company entered into a stipulation of settlement (the “Stipulation”) in connection with the Ojha Derivative Action and the Thomas Derivative Action (together, the “Derivative Actions”). The consideration for the settlement of the Derivative Actions is as follows: (i) adoption by the Company of certain corporate governance reforms, the terms of which are fully set forth in Exhibits A and B to the Stipulation; (ii) Robert B. Ladd, H. Robert Holmes, Michael Onghai, and Nolan Bushnell shall collectively pay or cause to be paid $75 to the Company; and (iii) Barry C. Honig, John Stetson, Michael Brauser, John O’Rourke III, and Mark Groussman shall collectively pay or cause to be paid $150 to the Company. Further, the Company shall, subject to court approval, pay a fee and expense award to plaintiffs’ counsel in the Derivative Actions of $150 and service awards to each of the two plaintiffs in the Derivative Actions of $1.5 each, to be paid from the fee and expense award. On April 24, 2020, the New York state court entered an order preliminarily approving the Stipulation and the settlement contemplated therein and providing for the notice of the settlement to be made to current MGT Stockholders. The Preliminary Approval Order further provides that the Court will hold a hearing on the settlement on June 26, 2020. On May 4, 2020, pursuant to the Preliminary Approval Order, MGT provided notice of the settlement on its website, by press release and by filing a Form 8-K with the Securities and Exchange Commission.   On August 28, 2019, a shareholder derivative action was filed by shareholder Tyler Tomczak against the certain directors, officers and shareholders of the Company, and naming the Company as a nominal defendant, in the United States District Court for the Southern District of New York, alleging breach of fiduciary duties, waste and unjust enrichment and seeking declaratory relief and damages (the “Tomczak Derivative Action”). The underlying allegations in the Tomczak Derivative Action largely repeat the allegations of wrongdoing in the 2018 Securities Class Actions.   On September 11, 2019, a shareholder derivative action was filed by shareholder Arthur Aviles against certain directors, officers and shareholders of the Company, and naming the Company as a nominal defendant, in the United States District Court for the District of Delaware, alleging breach of fiduciary duties, waste and unjust enrichment and seeking declaratory relief and damages (the “Aviles Derivative Action”). The underlying allegations in the Aviles Derivative Action largely repeat the allegations of wrongdoing in the 2018 Securities Class Actions.   On May 7, 2020, the Company entered into a stipulation of settlement (the “Federal Stipulation”) in connection with the Tomczak Derivative Action and the Aviles Derivative Action (together, the “Federal Derivative Actions”). The consideration for the settlement of the Federal Derivative Actions is as follows: (i) adoption by the Company of a certain corporate governance reform, the terms of which are fully set forth in Exhibit A to the Federal Stipulation; and (ii) Robert B. Ladd, H. Robert Holmes, and Michael Onghai shall collectively pay or cause to be paid $65 to the Company. Further, the Company shall, subject to court approval, pay a fee and expense award to plaintiffs’ counsel in the Federal Derivative Actions of $30 and incentive awards to each of the two plaintiffs in the Federal Derivative Actions of $.4 each. The parties to the Federal Stipulation presently intend to file the Federal Stipulation with the appropriate federal court after final approval of the settlement of the two state Derivative Actions referred to above.   In November 2018, the Company’s board received a shareholder demand letter dated November 6, 2018, from shareholders Nicholas Fulton and Kelsey Thacker (the “Fulton Demand”). The Fulton Demand referenced the SEC Action, as defined in the Company’s 2019 Form 10-K filed with the SEC on March 30, 2020, and the allegations therein, and demanded that the board take action to investigate, address and remedy the allegations raised in the SEC Action. Shortly after the New York state court entered the order preliminarily approving the stipulation of settlement in connection with the Ojha Derivative Action and the Thomas Derivative Action, counsel for the Company informed counsel for shareholders Nicholas Fulton and Kelsey Thacker of that stipulation of settlement and of counsel for the Company’s view that the releases in the settlement covered the matters raised in the Fulton Demand.

677000

28000

-1324000

-1709000

-1324000

-9000 -18000

894000

351000 3000

Use of estimates and assumptions and critical accounting estimates and assumptions   The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the financial statements, and also affect the amounts of revenues and expenses reported for each period. Actual results could differ from those which result from using such estimates. Management utilizes various other estimates, including but not limited to determining the estimated lives of long-lived assets, stock compensation, determining the potential impairment of long-lived assets, the fair value of warrants issued, the fair value of conversion features, the recognition of revenue, the valuation allowance for deferred tax assets and other legal claims and contingencies. The results of any changes in accounting estimates are reflected in the financial statements in the period in which the changes become evident. Estimates and assumptions are reviewed periodically, and the effects of revisions are reflected in the period that they are determined to be necessary.

Revenue recognition   The Company’s primary revenue stream is related to the mining of digital currencies. The Company derives its revenue by solving “blocks” to be added to the blockchain and providing transaction verification services within the digital currency network of Bitcoin, commonly termed “cryptocurrency mining.” In consideration for these services, the Company receives digital currency (“Coins”). The Coins are recorded as revenue, using the average spot price of Bitcoin on the date of receipt. The Coins are recorded on the balance sheet as an intangible digital asset valued at the lower of cost or net realizable value. Net realizable value adjustments, to adjust the value of Coins to market value, are included in cost of revenue on the Company’s consolidated statement of operations. Further, any gain or loss on the sale of Coins would be recorded to costs of revenue. Costs of revenue include electricity costs, equipment and infrastructure depreciation, and net realizable value adjustments. During 2019, costs of revenues also included hosting fees based on third-party hosting agreements, all of which were terminated as of December 31, 2019.   The Company also recognizes a royalty participation upon the sale of Pod5ive Containers by Bit5ive LLC under the terms of a collaboration agreement entered in August 2018.

Income taxes   The Company accounts for income taxes in accordance with ASC 740, “Income Taxes”. ASC 740 requires an asset and liability approach for financial accounting and reporting for income taxes and established for all the entities a minimum threshold for financial statement recognition of the benefit of tax positions and requires certain expanded disclosures. The provision for income taxes is based upon income or loss after adjustment for those permanent items that are not considered in the determination of taxable income. Deferred income taxes represent the tax effects of differences between the financial reporting and tax basis of the Company’s assets and liabilities at the enacted tax rates in effect for the years in which the differences are expected to reverse. The Company evaluates the recoverability of deferred tax assets and establishes a valuation allowance when it is more likely than not that some portion or all the deferred tax assets will not be realized. Management makes judgments as to the interpretation of the tax laws that might be challenged upon an audit and cause changes to previous estimates of tax liability. In management’s opinion, adequate provisions for income taxes have been made. If actual taxable income by tax jurisdiction varies from estimates, additional allowances or reversals of reserves may be necessary.

Loss per share   Basic loss per share is calculated by dividing net loss applicable to common shareholders by the weighted average number of common shares outstanding during the period. Diluted loss per share is calculated by dividing the net loss attributable to common shareholders by the sum of the weighted average number of common shares outstanding plus potential dilutive common shares outstanding during the period. Potential dilutive securities, comprised of unvested restricted shares, convertible debt, convertible preferred stock, stock warrants and stock options, are not reflected in diluted net loss per share because such potential shares are anti–dilutive due to the Company’s net loss.   Accordingly, the computation of diluted loss per share for the three months ended March 31, 2020 excludes 266,667 unvested restricted shares, 68,904,286 shares issuable upon the conversion of convertible debt, and 126,373,626 shares issuable under convertible preferred stock. The computation of diluted loss per share for the three months ended March 31, 2019 excludes 2,650,001 unvested restricted shares, 6,000,000 shares issuable under stock options, 100,743,629 shares issuable upon conversion of convertible debt, and 5,477,975 shares issuable under warrants.

Stock–based compensation   The Company recognizes compensation expense for all equity–based payments in accordance with ASC 718 “Compensation – Stock Compensation”. Under fair value recognition provisions, the Company recognizes equity–based compensation net of an estimated forfeiture rate and recognizes compensation cost only for those shares expected to vest over the requisite service period of the award.   Restricted stock awards are granted at the discretion of the compensation committee of the board of directors of the Company (the “Board of Directors”). These awards are restricted as to the transfer of ownership and generally vest over the requisite service periods, typically over a 12 to 24-month period (vesting on a straight–line basis). The fair value of a stock award is equal to the fair market value of a share of the Company’s common stock on the grant date.   The fair value of an option award is estimated on the date of grant using the Black–Scholes option valuation model. The Black–Scholes option valuation model requires the development of assumptions that are inputs into the model. These assumptions are the expected stock volatility, the risk–free interest rate, the expected life of the option, the dividend yield on the underlying stock and the expected forfeiture rate. Expected volatility is calculated based on the historical volatility of the Company’s common stock over the expected term of the option. Risk–free interest rates are calculated based on continuously compounded risk–free rates for the appropriate term.   Determining the appropriate fair value model and calculating the fair value of equity–based payment awards requires the input of the subjective assumptions described above. The assumptions used in calculating the fair value of equity–based payment awards represent management’s best estimates, which involve inherent uncertainties and the application of management’s judgment. The Company is required to estimate the expected forfeiture rate and recognize expense only for those shares expected to vest.   The Company accounts for share–based payments granted to non–employees in accordance with ASC 505–50, “Equity Based Payments to Non–Employees.” The Company determines the fair value of the stock–based payment as either the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more readily determinable. If the fair value of the equity instruments issued is used, it is measured using the stock price and other measurement assumptions as of the earlier of either (1) the date at which a commitment for performance by the counterparty to earn the equity instruments is reached, or (2) the date at which the counterparty’s performance is complete.

Gain (Loss) on Modification/Extinguishment of Debt   In accordance with ASC 470, a modification or an exchange of debt instruments that adds or eliminates a conversion option that was substantive at the date of the modification or exchange is considered a substantive change and is measured and accounted for as extinguishment of the original instrument along with the recognition of a gain/loss. Additionally, under ASC 470, a substantive modification of a debt instrument is deemed to have been accomplished with debt instruments that are substantially different if the present value of the cash flows under the terms of the new debt instrument is at least 10 percent different from the present value of the remaining cash flows under the terms of the original instrument. A substantive modification is accounted for as an extinguishment of the original instrument along with the recognition of a gain/loss.

Management’s evaluation of subsequent events   The Company evaluates events that have occurred after the balance sheet date but before the financial statements are issued. Based upon the review, other than what is described in Note 11 – Subsequent Events, the Company did not identify any recognized or non-recognized subsequent events that would have required adjustment or disclosure in the unaudited condensed consolidated financial statements.

Yes Yes false

3740000

3536000

447000

414000

417852000

417315000

4096000

4294000

350000

-198000

266000

32747157 350000 33000 317000

Note 4. Property, Plant, and Equipment and Other Assets   Property and equipment consisted of the following:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center">As of</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">March 31, 2020</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">December 31, 2019</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%">Land</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 16%; text-align: right">57</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 16%; text-align: right">57</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Computer hardware and software</td> <td> </td> <td> </td> <td style="text-align: right">10</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">10</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>Bitcoin mining machines</td> <td> </td> <td> </td> <td style="text-align: right">2,313</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">2,313</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Infrastructure</td> <td> </td> <td> </td> <td style="text-align: right">998</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">771</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>Containers</td> <td> </td> <td> </td> <td style="text-align: right">782</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">467</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt">Leasehold improvements</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">4</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">-</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt">Property and equipment, gross</td> <td> </td> <td> </td> <td style="text-align: right">4,164</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">3,618</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt">Less: Accumulated depreciation</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">(424</td> <td style="padding-bottom: 1.5pt">)</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">(82</td> <td style="padding-bottom: 1.5pt">)</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt; padding-left: 10pt">Property and equipment, net</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">3,740</td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">3,536</td> <td style="padding-bottom: 2.5pt"> </td></tr> </table>   The Company recorded depreciation expense of $342 and $0 for the three months ended March 31, 2020 and 2019, respectively. No depreciation was recorded during the three months ended March 31, 2019 as the Company fully impaired all its property and equipment as of December 31, 2018.   Other Assets consisted of the following:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center">As of</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">March 31, 2020</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">December 31, 2019</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%">Deposits on containers</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 16%; text-align: right">-</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 16%; text-align: right">203</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt">Security deposits</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">157</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">118</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt; padding-left: 10pt">Other Assets</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">157</td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">321</td> <td style="padding-bottom: 2.5pt"> </td></tr> </table>   During September 2019, the Company entered into an agreement to purchase two containers to house the Bitcoin mining machines and paid a deposit of $203. Full payment on these containers was made upon delivery and installation in January 2020, at which time the cost of containers was reclassified to property and equipment and depreciated over the estimated useful life of 5 years using the straight-line method. The Company has paid $154 in security deposits related to its electrical contract, see Note 9, and $3 related to its office lease in Raleigh, NC.

18000

216000

65000

220000

462931961

18000

216000

362000

96000

605000

86000

58000 116000 43000 2111000 -346000 1808000 43100000

Property and equipment consisted of the following:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center">As of</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">March 31, 2020</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">December 31, 2019</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%">Land</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 16%; text-align: right">57</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 16%; text-align: right">57</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Computer hardware and software</td> <td> </td> <td> </td> <td style="text-align: right">10</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">10</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>Bitcoin mining machines</td> <td> </td> <td> </td> <td style="text-align: right">2,313</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">2,313</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Infrastructure</td> <td> </td> <td> </td> <td style="text-align: right">998</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">771</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>Containers</td> <td> </td> <td> </td> <td style="text-align: right">782</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">467</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt">Leasehold improvements</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">4</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">-</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt">Property and equipment, gross</td> <td> </td> <td> </td> <td style="text-align: right">4,164</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">3,618</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt">Less: Accumulated depreciation</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">(424</td> <td style="padding-bottom: 1.5pt">)</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">(82</td> <td style="padding-bottom: 1.5pt">)</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt; padding-left: 10pt">Property and equipment, net</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">3,740</td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">3,536</td> <td style="padding-bottom: 2.5pt"> </td></tr> </table>

Other Assets consisted of the following:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center">As of</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">March 31, 2020</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">December 31, 2019</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%">Deposits on containers</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 16%; text-align: right">-</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 16%; text-align: right">203</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt">Security deposits</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">157</td> <td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">118</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt; padding-left: 10pt">Other Assets</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">157</td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">321</td> <td style="padding-bottom: 2.5pt"> </td></tr> </table>

15000

200000

14077092

13528575

16483516

700000

3000000

500000

421000

3159000

929000

150000000

266667

68904286

126373626

2650001

6000000

100743629

5477975

38000

203000

154000

3000

P5Y

4164000

3618000

57000

10000

2313000

771000

467000

57000

10000

2313000

998000

782000

4000

203000

157000

118000

840000

3600000

598000

929000

579000

108000

2019-03-23

2019-05-06

2019-08-15

2019-10-01

2020-06-30

2022-04-01

0.08

0.01

0.70

0.95

0.0999

0.70

121000 50000 527000 84000

43100000

10568087

32747157

2154000

0.0999

877000

455000

154000

0.2991

103000

34000

69000

78000

The Company entered into an equity purchase agreement with Oasis Capital, whereby the Company shall have the right, but not the obligation, to direct Oasis Capital to purchase shares of the Company's common stock (the "New Put Shares") in an amount in each instance up to the lesser of $1,000 or 250% of the average daily trading volume by delivering a notice to Oasis Capital (the "New Put Notice"). The purchase price (the "Purchase Price") for the New Put Shares shall equal 95% of the one lowest daily volume weighted average price on a principal market during the five trading days immediately following the date Oasis receives the New Put Shares via DWAC associated with the applicable New Put Notice (the "Valuation Period"). The closing of a New Put Notice shall occur within one trading day following the end of the respective Valuation Period, whereby (i) Oasis shall deliver the Investment Amount (as defined below) to the Company by wire transfer of immediately available funds and (ii) Oasis shall return surplus New Put Shares if the value of the New Put Shares delivered to Oasis causes the Company to exceed the maximum commitment amount. The Company shall not deliver another New Put Notice to Oasis within ten trading days of a prior New Put Notice. The "Investment Amount" means the aggregate Purchase Price for the New Put Shares purchased by Oasis, minus clearing costs payable to Oasis's broker or to the Company's transfer agent for the issuance of the New Put Shares. The shares issuable under the equity purchase agreement are registered with the SEC under a registration statement on Form S-1 that was declared effective on June 25, 2019 covering up to 76,558,643 shares of common stock, and are subject to a maximum beneficial ownership by Oasis Capital of 9.99%. The Company and L2 Capital, LLC ("L2 Capital") entered into an equity purchase agreement, which was later amended on November 30, 2018, whereby the Company could issue and sell to L2 Capital from time to time up to $50,000 of the Company's common stock that was registered with the SEC under a registration statement on Form S-3. Subject to the terms of the equity purchase agreement, the Company provided notices (a "Put Notice") requiring L2 Capital to purchase a number of shares (the "Put Shares") of the common stock equal to the lesser of $500 and 200% of the average trading volume of the common stock in the ten trading days immediately preceding the date of such Put Notice. The terms also provided the purchase price for such Put Shares to be the lowest traded price on a principal market for any trading day during the five trading days either following or beginning on the date on which L2 Capital receives delivery of the Put Shares, multiplied by 95.0%.

the Company's Board of Directors approved the authorization of 200 Series C Preferred Shares with a par value of $0.001 ("Series C Preferred Shares"). The holders of the Series C Preferred Shares have no voting rights, receive no dividends, and are entitled to a liquidation preference equal to the stated value. At any time, the Company may redeem the Series C Preferred Shares at 1.2 times the stated value. Given the right of redemption is solely at the option of the Company, the Series C Preferred Shares are not considered mandatorily redeemable, and as such are classified in shareholders' equity on the Company's consolidated balance sheet.

Each holder shall also be entitled to vote on all matters submitted to stockholders of the Company and shall be entitled to 55,000 votes for each Series B Preferred Share owned at the record date for the determination of stockholders entitled to vote on such matter or, if no such record date is established, at the date such vote is taken or any written consent of stockholders is solicited.

859000 46000 3000

P0Y2M19D

266667

650000

383333

0.94

1.24

1.46

6000000

0.71

1.29

424000

82000

10000

-3000

37000

75000000

0.12

52000000

190

7500000

51000

59000

-9000 -18000

250000

1.00

4000

429000

3000 3000

Reclassification   Certain amounts in prior periods have been reclassified to conform to current period presentation. These reclassifications had no effect on the previously reported net loss.

Impairment of long-lived assets   Long-lived assets are reviewed for impairment whenever facts or circumstances either internally or externally may suggest that the carrying value of an asset may not be recoverable, Should there be an indication of impairment, we test for recoverability by comparing the estimated undiscounted future cash flows expected to result from the use of the asset to the carrying amount of the asset or asset group. Any excess of the carrying value of the asset or asset group over its estimated fair value is recognized as an impairment loss.

Cash and cash equivalents   The Company considers all highly liquid instruments with an original maturity of three months or less when acquired to be cash equivalents. The Company’s combined accounts were $18 and $216 as of March 31, 2020 and December 31, 2019, respectively. Since the FDIC’s insurance coverage is for combined account balances that do not exceed $250, there is no concentration of credit risks.

Equity-linked instruments   The Company accounts for equity-linked instruments with certain anti-dilution provisions in accordance with ASC 815 and ASC 260. Under this guidance, the Company excludes instruments with certain down round features when determining whether a financial instrument (or embedded conversion feature) is considered indexed to the Company’s own stock. As a result, financial instruments (or embedded conversion features) with down round features are not required to be classified as derivative liabilities. The Company recognizes the value of a down round feature only when it is triggered and the exercise or conversion price has been adjusted downward. For equity-classified freestanding financial instruments, such as warrants, the Company treats the value of the effect of the down round, when triggered, as a deemed dividend and a reduction of income available to common stockholders in computing basic earnings per share. For convertible instruments with embedded conversion features containing down round provisions, the Company recognizes the value of the down round as a beneficial conversion discount to be amortized to earnings.

Recent accounting pronouncements   Management does not believe that any recently issued, but not yet effective accounting pronouncements, when adopted, will have a material effect on the accompanying consolidated financial statements, other than those disclosed below.

9000

20000

3000

7000

0.03

P3Y

39000

50000

500

1000

The amount derived by dividing the stated value by the product of 0.7 times the market price of the Company's common stock, defined as the lowest trading price of the Company's common stock during the ten day period preceding the conversion date. The holder may not convert any Series C Preferred Shares if the total amount of shares held, together with holdings of its affiliates, following a conversion exceeds 9.99% of the Company's common stock.

176000

15000

337000

45000

43000

3000 0 44000

877000

579000

350000

27000

1890000

100000

346000

116000

58000

The consideration for the settlement of the Derivative Actions is as follows: (i) adoption by the Company of certain corporate governance reforms, the terms of which are fully set forth in Exhibits A and B to the Stipulation; (ii) Robert B. Ladd, H. Robert Holmes, Michael Onghai, and Nolan Bushnell shall collectively pay or cause to be paid $75 to the Company; and (iii) Barry C. Honig, John Stetson, Michael Brauser, John O'Rourke III, and Mark Groussman shall collectively pay or cause to be paid $150 to the Company. Further, the Company shall, subject to court approval, pay a fee and expense award to plaintiffs' counsel in the Derivative Actions of $150 and service awards to each of the two plaintiffs in the Derivative Actions of $1.5 each, to be paid from the fee and expense award. The consideration for the settlement of the Federal Derivative Actions is as follows: (i) adoption by the Company of a certain corporate governance reform, the terms of which are fully set forth in Exhibit A to the Federal Stipulation; and (ii) Robert B. Ladd, H. Robert Holmes, and Michael Onghai shall collectively pay or cause to be paid $65 to the Company. Further, the Company shall, subject to court approval, pay a fee and expense award to plaintiffs' counsel in the Federal Derivative Actions of $30 and incentive awards to each of the two plaintiffs in the Federal Derivative Actions of $.4 each.

6000

0.25

2500000000

446448446

413701289

446448446

413701289

Property and Equipment   Property and equipment are stated at cost less accumulated depreciation. Depreciation is calculated using the straight–line method on the various asset classes over their estimated useful lives, which range from one to ten years when placed in service. The cost of repairs and maintenance is expensed as incurred; major replacements and improvements are capitalized. When assets are retired or disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gains or losses are included in income in the year of disposition. Deposits on property and equipment are initially classified as Other Assets and upon delivery, installation and full payment, the assets are classified as property and equipment on the consolidated balance sheet.

Fair Value Measure and Disclosures   ASC 820 “Fair Value Measurements and Disclosures” provides the framework for measuring fair value. That framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).   Fair value is defined as an exit price, representing the amount that would be received upon the sale of an asset or payment to transfer a liability in an orderly transaction between market participants. Fair value is a market-based measurement that is determined based on assumptions that market participants would use in pricing an asset or liability. A three-tier fair value hierarchy is used to prioritize the inputs in measuring fair value as follows:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px"> </td> <td style="width: 24px">●</td> <td style="text-align: justify">Level 1 Quoted prices in active markets for identical assets or liabilities.</td></tr> <tr style="vertical-align: top"> <td> </td> <td>●</td> <td style="text-align: justify">Level 2 Quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable, either directly or indirectly.</td></tr> <tr style="vertical-align: top"> <td> </td> <td>●</td> <td style="text-align: justify">Level 3 Significant unobservable inputs that cannot be corroborated by market data.</td></tr> </table>   As of March 31, 2020, the Company had a Level 3 financial instrument related to the management agreement termination liability. Observable transactions are not available to aid in determining the fair value of the management agreement termination liability. Therefore, the fair value was determined based on the remaining payments which include two components that are based on market conditions, Bitcoin price and Difficulty Rate, thus requiring the liability to be adjusted to fair value on a periodic basis. The fair value of Bitcoin price and Difficulty Rate are obtained on quoted prices in active markets.

Total future minimum payments required under the lease agreement are as follows:   <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td> </td> <td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center">Amount</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 79%">Remainder of 2020</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 18%; text-align: right">27</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>2021</td> <td> </td> <td> </td> <td style="text-align: right">37</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt">2022</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">39</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Total undiscounted minimum future lease payments</td> <td> </td> <td>$</td> <td style="text-align: right">103</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt">Less Imputed interest</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">(34</td> <td style="padding-bottom: 1.5pt">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt">Present value of operating lease liabilities</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">69</td> <td style="padding-bottom: 2.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>Disclosed as:</td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>Current portion</td> <td> </td> <td>$</td> <td style="text-align: right">18</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt">Non-current portion</td> <td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: black 1.5pt solid"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right">51</td> <td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">69</td> <td style="padding-bottom: 2.5pt"> </td></tr> </table>

EX-101.SCH 6 mgti-20200331.xsd XBRL SCHEMA FILE 00000001 - Document - Document And Entity Information link:presentationLink link:calculationLink link:definitionLink 00000002 - Statement - Condensed Consolidated Balance Sheets link:presentationLink link:calculationLink link:definitionLink 00000003 - Statement - Condensed Consolidated Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000004 - Statement - Condensed Consolidated Statements of Operations (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000005 - Statement - Condensed Consolidated Statements of Changes in Stockholders' (Deficit) Equity (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000006 - Statement - Condensed Consolidated Statements of Cash Flows (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000007 - Disclosure - Organization and Basis of Presentation link:presentationLink link:calculationLink link:definitionLink 00000008 - Disclosure - Going Concern and Management's Plans link:presentationLink link:calculationLink link:definitionLink 00000009 - Disclosure - Summary of Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 00000010 - Disclosure - Property, Plant, and Equipment and Other Assets link:presentationLink link:calculationLink link:definitionLink 00000011 - Disclosure - Notes Payable link:presentationLink link:calculationLink link:definitionLink 00000012 - Disclosure - Leases link:presentationLink link:calculationLink link:definitionLink 00000013 - Disclosure - Common Stock and Preferred Stock link:presentationLink link:calculationLink link:definitionLink 00000014 - Disclosure - Stock-Based Compensation link:presentationLink link:calculationLink link:definitionLink 00000015 - Disclosure - Commitments and Contingencies link:presentationLink link:calculationLink link:definitionLink 00000016 - Disclosure - Employee Benefit Plans link:presentationLink link:calculationLink link:definitionLink 00000017 - Disclosure - Subsequent Events link:presentationLink link:calculationLink link:definitionLink 00000018 - Disclosure - Summary of Significant Accounting Policies (Policies) link:presentationLink link:calculationLink link:definitionLink 00000019 - Disclosure - Property, Plant, and Equipment and Other Assets (Tables) link:presentationLink link:calculationLink link:definitionLink 00000020 - Disclosure - Notes Payable (Tables) link:presentationLink link:calculationLink link:definitionLink 00000021 - Disclosure - Leases (Tables) link:presentationLink link:calculationLink link:definitionLink 00000022 - Disclosure - Stock-Based Compensation (Tables) link:presentationLink link:calculationLink link:definitionLink 00000023 - Disclosure - Going Concern and Management's Plans (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000024 - Disclosure - Summary of Significant Accounting Policies (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000025 - Disclosure - Property, Plant, and Equipment and Other Assets (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000026 - Disclosure - Property, Plant, and Equipment and Other Assets - Schedule of Property and Equipment (Details) link:presentationLink link:calculationLink link:definitionLink 00000027 - Disclosure - Property, Plant, and Equipment and Other Assets - Schedule of Other Assets (Details) link:presentationLink link:calculationLink link:definitionLink 00000028 - Disclosure - Notes Payable (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000029 - Disclosure - Notes Payable - Schedule of Notes Payable (Details) link:presentationLink link:calculationLink link:definitionLink 00000030 - Disclosure - Leases (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000031 - Disclosure - Leases - Schedule of Future Minimum Lease Payment (Details) link:presentationLink link:calculationLink link:definitionLink 00000032 - Disclosure - Common Stock and Preferred Stock (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000033 - Disclosure - Stock-Based Compensation (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000034 - Disclosure - Stock-Based Compensation - Schedule of Restricted Common Stock Activity (Details) link:presentationLink link:calculationLink link:definitionLink 00000035 - Disclosure - Commitments and Contingencies (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000036 - Disclosure - Employee Benefit Plans (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000037 - Disclosure - Subsequent Events (Details Narrative) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 7 mgti-20200331_cal.xml XBRL CALCULATION FILE EX-101.DEF 8 mgti-20200331_def.xml XBRL DEFINITION FILE EX-101.LAB 9 mgti-20200331_lab.xml XBRL LABEL FILE Equity Components [Axis] Preferred Stock [Member] Common Stock [Member] Additional Paid-In Capital [Member] Accumulated Deficit [Member] Derivative Instrument [Axis] Stock Option [Member] Short-term Debt, Type [Axis] May 2018 Notes [Member] June 2018 Note [Member] December 2018 Note [Member] Class of Stock [Axis] Series C Convertible Preferred Stock [Member] Subscription Receivable [Member] Series C Convertible Preferred Stock [Member] Extinguishment of Debt [Axis] May 2018 Notes Amendment [Member] Debt Instrument [Axis] May 2018 Notes [Member] Legal Entity [Axis] L2 Capital, LLC [Member] Type of Arrangement and Non-arrangement Transactions [Axis] Equity Purchase Agreement [Member] Put Shares [Member] Range [Axis] Maximum [Member] Equity Purchase Agreement [Member] Title of Individual [Axis] Non-Affiliates [Member] Oasis Capital [Member] Equity Purchase Agreement Under Form S-1 [Member] New Put Shares [Member] Series B Preferred Stock [Member] Property, Plant and Equipment, Type [Axis] Land [Member] Computer Hardware and Software [Member] Bitcoin Mining Machines [Member] Infrastructure [Member] Common Stock [Member] Board of Directors [Member] Bitcoin Machines [Member] Containers [Member] June 2018 Note Third Amendment [Member] June 2018 Note Amendment [Member] Two Settlement and Termination Agreements [Member] Subsequent Event Type [Axis] Subsequent Event [Member] Antidilutive Securities [Axis] Unvested Restricted Stock [Member] Conversion of Convertible Debt [Member] Convertible Preferred Stock [Member] Option Indexed to Issuer's Equity, Type [Axis] Stock Options [Member] Warrants [Member] Electrical Contract [Member] Leasehold Improvements [Member] Scenario [Axis] Shares Issued Upon Conversion [Member] New Lease [Member] Sublease Agreement [Member] Employee and Director [Member] Income Statement Location [Axis] Selling General and Administrative Expenses [Member] POD5 Agreement [Member] Bit5ive, LLC [Member] Monthly Settlement of Distributions [Member] Stipulation of Settlement [Member] Federal Stipulation of Settlement [Member] Plan Name [Axis] 401(k) Plan [Member] Promissory Note [Member] Aquesta Bank [Member] Award Date [Axis] November 1, 2020 [Member] Office Lease [Member] Geographical [Axis] Raleigh, NC [Member] Document And Entity Information Entity Registrant Name Entity Central Index Key Document Type Document Period End Date Amendment Flag Current Fiscal Year End Date Entity's Current Reporting Status Entity Interactive Data Current Entity Filer Category Entity Small Business Flag Entity Emerging Growth Company Entity Shell Company Entity Common Stock, Shares Outstanding Document Fiscal Period Focus Document Fiscal Year Focus Statement [Table] Statement [Line Items] Assets Current assets Cash and cash equivalents Prepaid expenses and other current assets Intangible digital assets Total current assets Non-current assets Property and equipment, at cost, net Right of use asset, operating lease, net of accumulated amortization Other assets Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Accrued expenses and other payables Note payable, net of discount Management agreement termination liability Operating lease liability Total current liabilities Non-current liabilities Operating lease liability Total liabilities Commitments and Contingencies (Note 9) Stockholders' Equity Preferred stock, value Common stock, $0.001 par value; 2,500,000,000 shares authorized; 446,448,446 and 413,701,289 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively. Additional paid-in capital Accumulated deficit Total stockholders' equity Total Liabilities and Stockholders' Equity Preferred stock, par value Preferred stock, shares authorized Preferred stock, shares issued Preferred stock, shares outstanding Common stock, par value Common stock, shares authorized Common stock, shares issued Common stock, shares outstanding Income Statement [Abstract] Revenue Operating expenses Cost of revenue General and administrative Total operating expenses Operating loss Other non-operating income (expense) Interest income (expense) Change in fair value of liability Accretion of debt discount Gain on sale of property and equipment Gain on extinguishment of debt Total non-operating income (expense) Net loss attributable to common stockholders Per-share data Basic and diluted loss per share Weighted average number of common shares outstanding Balance Balance, shares Stock-based compensation - employee restricted stock Stock-based compensation - employee restricted stock, shares Common stock issued on conversion of note payable Common stock issued on conversion of note payable, shares Stock based compensation Stock based compensation, shares Stock issued for services Stock issued for services, shares Sale of stock under equity purchase agreement Sale of stock under equity purchase agreement, shares Cumulative effect adjustment related to ASU adoption Net loss Balance Balance, shares Statement of Cash Flows [Abstract] Cash Flows From Operating Activities Adjustments to reconcile net loss to net cash provided by (used in) operating activities Depreciation Gain on sale of property and equipment Change in fair value of liability Stock-based compensation expense Extinguishment of note payable Amortization of note discount Change in operating assets and liabilities Prepaid expenses and other current assets Intangible digital assets Management agreement termination liability Right of use asset Operating lease liability Accounts payable Accrued expenses Net cash provided by provided by (used in) operating activities Cash Flows From Investing Activities Purchase of property and equipment Payment of security deposit Net cash used in investing activities Cash Flows From Financing Activities Proceeds from sale of stock under equity purchase agreement, net of issuance costs Repayment of notes payable Net cash provided by financing activities Net change in cash and cash equivalents EX-101.PRE 10 mgti-20200331_pre.xml XBRL PRESENTATION FILE XML 11 R20.htm IDEA: XBRL DOCUMENT

Notes Payable (Tables)

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Schedule of Notes Payable

Notes payable consisted of the following:

	As of March 31, 2020
	Principal		Discount			Net
Total notes payable-June 2018 Note	$	579	$	(455	)	$	124

	As of December 31, 2019
	Principal		Discount			Net
Total notes payable-June 2018 Note	$	929	$	(877	)	$	52

XML 12 R24.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Details Narrative) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Summary Of Significant Accounting Policies [Line Items]
Cash and cash equivalents	$ 18		$ 216
Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Cash, FDIC insured amount	$ 250
Warrants [Member]
Summary Of Significant Accounting Policies [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount		5,477,975
Stock Options [Member]
Summary Of Significant Accounting Policies [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount		6,000,000
Unvested Restricted Stock [Member]
Summary Of Significant Accounting Policies [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	266,667	2,650,001
Conversion of Convertible Debt [Member]
Summary Of Significant Accounting Policies [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	68,904,286	100,743,629
Convertible Preferred Stock [Member]
Summary Of Significant Accounting Policies [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	126,373,626

XML 13 R28.htm IDEA: XBRL DOCUMENT

Notes Payable (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands								3 Months Ended			12 Months Ended
	May 15, 2019	May 10, 2019	Apr. 12, 2019	Apr. 09, 2019	Jan. 28, 2019	Dec. 06, 2018	May 23, 2018	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2019	Jun. 01, 2018
Vwap percentage of common stock			9.99%
Gain on extinguishment of debt										$ 1,311
Preferred stock, par value								$ 0.001			$ 0.001
Preferred stock, value
Preferred stock, shares issued
Preferred stock, shares outstanding
Accretion of debt discount								$ 421		$ 1,127
Common Stock [Member]
Debt conversion, shares issued										43,100,000
Shares Issued Upon Conversion [Member]
Debt conversion, shares issued								32,747,157
Decrease the principal amount of debt								$ 579
Debt conversion, amount								350
May 2018 Notes [Member]
Notes payable		$ 421
Vwap percentage of common stock		70.00%
Debt conversion, shares issued	10,568,087
June 2018 Note [Member]
Notes payable		$ 3,159
Vwap percentage of common stock		70.00%
Gain on extinguishment of debt								$ 1,310
Beneficial ownership percentage			9.99%
June 2018 Note [Member] \| Common Stock [Member]
Stock issued during period shares			17,500,000
June 2018 Note [Member] \| Preferred Stock [Member]
Stock issued during period shares			160								160
Preferred stock, par value											$ 0.001
Preferred stock, value											$ 10,000
Preferred stock, shares issued								115
Preferred stock, shares outstanding								115
May 2018 Notes Amendment [Member]
Maturity date of notes				Aug. 15, 2019
Vwap percentage of common stock				70.00%
Fees payable to borrower				$ 50
Gain on extinguishment of debt									$ 127
June 2018 Note Third Amendment [Member]
Maturity date of notes					Oct. 01, 2019
Vwap percentage of common stock					70.00%
Fees payable to borrower					$ 527
Gain on extinguishment of debt								$ 991
June 2018 Note Amendment [Member]
Notes payable											$ 929
Maturity date of notes											Jun. 30, 2020
Fees payable to borrower											$ 84
Gain on extinguishment of debt								792
Debt discount											877
May 2018 Notes [Member]
Unsecured promissory notes							$ 840
Notes payable							$ 700
Maturity date of notes							Mar. 23, 2019
Vwap percentage of common stock							70.00%
Fees payable to borrower							$ 121
Gain on extinguishment of debt								320
June 2018 Note [Member]
Unsecured promissory notes								$ 579			$ 929	$ 3,600
Notes payable												$ 3,000
December 2018 Note [Member]
Unsecured promissory notes						$ 598
Notes payable						$ 500
Maturity date of notes						May 06, 2019
Debt instrument accrued interest rate						8.00%

XML 14 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 15 R2.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Current assets
Cash and cash equivalents	$ 18	$ 216
Prepaid expenses and other current assets	100	125
Intangible digital assets	12	18
Total current assets	130	359
Non-current assets
Property and equipment, at cost, net	3,740	3,536
Right of use asset, operating lease, net of accumulated amortization	69	78
Other assets	157	321
Total assets	4,096	4,294
Current liabilities
Accounts payable	1,249	795
Accrued expenses and other payables	123	26
Note payable, net of discount	124	52
Management agreement termination liability	58	116
Operating lease liability	18	19
Total current liabilities	1,572	1,008
Non-current liabilities
Operating lease liability	51	59
Total liabilities	1,623	1,067
Commitments and Contingencies (Note 9)
Stockholders' Equity
Preferred stock, value
Common stock, $0.001 par value; 2,500,000,000 shares authorized; 446,448,446 and 413,701,289 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively.	447	414
Additional paid-in capital	417,852	417,315
Accumulated deficit	(415,826)	(414,502)
Total stockholders' equity	2,473	3,227
Total Liabilities and Stockholders' Equity	4,096	4,294
Series B Preferred Stock [Member]
Stockholders' Equity
Preferred stock, value
Series C Convertible Preferred Stock [Member]
Stockholders' Equity
Preferred stock, value

XML 16 R12.htm IDEA: XBRL DOCUMENT

Leases

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Leases

Note 6. Leases

Total future minimum payments required under the lease agreement are as follows:

	Amount
Remainder of 2020	$	27
2021		37
2022		39
Total undiscounted minimum future lease payments	$	103
Less Imputed interest		(34	)
Present value of operating lease liabilities	$	69
Disclosed as:
Current portion	$	18
Non-current portion		51
	$	69

XML 17 R6.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash Flows From Operating Activities
Net loss	$ (1,324)	$ (1,709)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities
Depreciation	342
Gain on sale of property and equipment	(30)	(82)
Change in fair value of liability	(15)
Stock-based compensation expense	220	949
Extinguishment of note payable		(1,311)
Amortization of note discount	421	1,127
Change in operating assets and liabilities
Prepaid expenses and other current assets	57	52
Intangible digital assets	6	30
Management agreement termination liability	(44)
Right of use asset	9	18
Operating lease liability	(9)	(18)
Accounts payable	453	(174)
Accrued expenses	97	9
Net cash provided by provided by (used in) operating activities	183	(1,109)
Cash Flows From Investing Activities
Purchase of property and equipment	(343)
Payment of security deposit	(38)
Net cash used in investing activities	(381)
Cash Flows From Financing Activities
Proceeds from sale of stock under equity purchase agreement, net of issuance costs		1,457
Repayment of notes payable		(82)
Net cash provided by financing activities		1,375
Net change in cash and cash equivalents	(198)	266
Cash and cash equivalents, beginning of period	216	96
Cash and cash equivalents, end of period	18	362
Supplemental disclosure of cash flow information
Cash paid for interest		3
Cash paid for income tax
Non-cash investing and financing activities
Cumulative effect adjustment related to ASU adoption		3
Conversion of notes payable into common stock	350
Repayment of note payable and interest through the issuance of shares under the equity purchase agreement		$ 351

XML 18 R16.htm IDEA: XBRL DOCUMENT

Employee Benefit Plans

3 Months Ended

Mar. 31, 2020

Retirement Benefits [Abstract]

Employee Benefit Plans

Note 10. Employee Benefit Plans

ZIP 19 0001493152-20-008756-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001493152-20-008756-xbrl.zip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�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
H\-K^5QE]"UEXWRJZM^W<8GKN\%.W('CUT8\ M>W+)>[2NC;>DJ#9>W,WJKWY_WO;J]VBP_+JJ9["DWJ!:W@\?;H7[O(@\W H? M;H4/M\*'6^'#K?#A5A@_\^-*;@%<;NUJ&^RC0(L;8PT7E(X$95@Q2U:>S9;8-VK;6"$]US0P*>Z:'N-I=#F;)_%3>7OE7+IM1-C7 M<%NLY6Y9T #-R.*7)$[;G&X6=/OB48?Q3P.K6J7:]46 _'G*%@7QA[,XR1;% M\HVL6>)#.OL"]C8+(['>,%['(LR31&_]%96+ M"'E!]_;O0WBBM+@OQUIJO!6N=3" @0)[\6U[&>.2 0VD*@81 I.A.?:*V!8C M*_?[O#)6'_Z%Y3O_XG@"F%0V\UMX#7BO;ZC]'OX]7$L?KJ6-*#S*\^@]2V;% MH]#.BVA#\WW"0L\!CGQ MG$\>,\:$6G6M=S-N,NP-LT.'JF<:J QZNA+[MURP-A@ Z( @?"8 E@*/:%P MQL+B,VV0 -)"SR>]7;YXP.$E#AJ'R/,754,JY^FC6OQ&8\6D?1DW4Q!9-R K MN9D)&K74=>.#K.DN.AH0N90. !;F(I\.9W(@D34$R;Y$:GK #M& :1QL!V 4 MT.XW _>//(F >/EW@U>IM35J;66U>^@N>))FVT-GZ 8*76_A-YU"9Y45C9V& MXN]2J&@N=QT/75L:2Q=H=Z$;/HT*'O610=Z.,U/0 ,2L5E90^G_BS;(\MMTU M4(E'M9/A^T?X M3;S9L/BB".>EQM_.IZW(5,! F/ 34] MZDUIF#1X/8_ZZ!%K>2S&\4VD1M9:'N3FA6AXZ+:J"8&:BGP6E*)^? M%D]61=_FL5B_V&@U1FXRJ"7ZI9<:'R[5J3T:#10!C1WOFWR(J]7=I?6YK9\. MSVT=GMLRIOS-8@%\U[71%!S:1.'=+2.K-&R9WR.[6[VL^[&WZTT?/.@_HEO? MOU\$H?,-(S/%OJ3)N'BF@4PUA,^,1KT5^M4_% (=.KT&FWJ9Z/9-\ M0:=$G08[-+;EK- Q3A&@RHOE]_(KJ4I3O&%)J$0\8:-Q87AO$AZR^X1/)K;U M9NN.L5/26T+=6H0]W>9\E47R+'=(OKT@WVE MX&4 _05$!]SU0,]8F*CT_ O9%W]B@MGRW &D0 A[>V6ZY1IF$0,=U-8:-Y(+ M*1?!M(A9*LX>X%FH)06BUKWO=;N)9Q$#'=362O9-!&7R/(M4[HO/,5E+BAXC MW&ZN6<1 [5BPUK:[C-YB!$3N9OE<53:]&OV7/S)ZCN'T:,';H$!]),(#11+ M/]M7ECW&>5=[S(Y^O3R@N-SNH"RB6^*X3;[G0@+/N"KT)DE%2 ML!P5SSTO'_:&>H/-].@1$1[5.7PD0A%%QY/FVL90?/"])!9>*8)1/;) ,:G3 M0*%!=)L N*".T"C/TBP0D5R%_6"J$:)''F^%E48&- "K[W0O1<;D:+-;R6II MFB&[#I\^H##2<)GX288&HM5Z9Z6O;GEHD8HYX_G,#"2 %(H?OK\$+(>W4O:D M4O5+4PUEQ6VM",IG>Q&4>E$O?8&40UF40UF40UD4="0.95'V+F\]SEUE_6$]K"G<7)NH?BK ;4: MVM7CDQ-Q;>.]B8RSL-IZ.F=Q%DPQ3\7%^PTIJ SHIP^;)^"2F%C]SW)0[@/N M9KLN-RJC.5."$)/R(RKU@A=7<>J1^SL6EN&S91%@TV&V>-O>OQ\:FT@]"-5= M3 O6MCX$=X"6[>#KRQ:=@W%+0+9#E=[!6NV[1^.A-&)BPMQ%1 S-WP*6=@YI M'+PKPU)L7<Y\FLF[(QHVUJJMFQY^7Q;[.^EGI6-8MZOGO*D;C+Y826'QM.$L:;*L8,6K;V#QXRHZQ;.70 MJ"O!-1(LS'XO.7T+9U!4IU[([[!)(VZN&2U3[ M'UBU\W-5;Q[B;%KK^T#=1D MW[COR,QZ/+C16Z6E;?#1/J_AN<5B"6Z&9Z7"]5!$]=QR6(3KQTV?5MGEH.AB M$(AHL.IU\3M:L:]E_1>W,VNS'864PKU,ZM0+_)#,22V!L*]DSG0)0\K"'R?Q MT_N(<J;HGF(&P*JR\\\ MXFYVHJ:T@B#EZ>*;5FGJ&J+M)0&R-#-&8T__)L+X?98W>Y@^\DOCAS#]O0O3 M+W>U-WD2/H+CR!TTV+>''423@Z32TUIB^O:,R6^WPJ5&B>U9ZA$=C80P_8Q^ M^.8J&.$B3F9W(V%/FO'I -M/U1_:%GG1V)JLEO/3:9"FB_=3@*\U-DEH+'!^ M)_ F%S0>+J^.RU7!1]>6&!8F_=I\%%##23][BIM\\7"&U8PU6F%',9C5HI:/ MH6>NI\W -7N&25/7$/MA 9A S2P2L>,LX2P]\7NTTDJ$7OO:#0R$C5X5O_SR M:>51,B 13(HD!B]>C)LAOC)@M*L.6TS:PQ$Z#5V/6>-E7=R\0]IDE7 E?^U M":S\U?=;M7,W;&'EWRM_)K9%TFY7ZR.N!,)A2-4X-9:C).+IJ@M-+]"./%;M M)?HU>%$I*#:9;C1!VWMNRJPA42TO1&S\SH_ M5+[G\J?JFT)S9'I+D@%)USQ^HOM,_T7F4 &]NIC\?*B _CNI@'[&PF(JMZF" M#J3%3A?QJ(3N)8U>ML>@D\>]BC$>C2]%Q)]XE =3\VG9T)3(O'"=G VCK]P> M8TO^-YX]WK)I(3CU(N9][(@6U''EZ@3_-&[5.!M@+M9Z*@LIY3(>\RF7^N6X MT="U1(M>:"-!S5V'F?N>]L$G<9!$\?B,)RR4-':1FQKC75AT(W:[$'8;QW/& MTC#AU;X W1 *#2AOV7Q1%*3^YVDK)_ZC8A$M1B>RTN(:\>D'W54 A;",<N$*ZP:YJT098N'AH(+NV_@L&2HU<+066]1! BIU2X+%S!8JA MIR-A_Z%1-PD/V7W")Q/;9>[6'6.']K9\)K&U"/?_'K-TAGQEV6,L]P!/+"U*#H^> MA31(CWR^EH(K- /4!=B9@*X@WG+9?U4HM+S<#9[E"1<3R22/H^HN\2).[ECR M)">"-9#*KQ^H4N"[F-I)Z,UJQE^#:)@$:.P:ZV.]"9)14O!9JJG4V&+X4-3,]%#T\+U: M?A*AB.*9NGMD(JJ\T&+=JL&HT?./6B)HEP9%_/X:JSJ(Q:7;E(*/ENFATX]8;@2,"L)VV.MXT@MQI M!> "YJ.'(&61RI%@(BWZA!7__;19_+?L[43U-JAV1ZSH[WK,ZK'(]3"+<#@E MB#1+"]4OY+)\5,-=)'C;?C%=)JNWS8H!GFPJ1+4"T%SD$2N>L3= M?8)&='ZO)CM^Z:A3)U/P$;:S?:2ZJ0 ].\\ M(Z0OF)W))%N5E#XDD[SA9)+SV7P:OS(V%-$RMM]>.='<'BWZNIL,!Z-@IZM9 4#8M[ MQA+^5(RR$G?'4TNUP5_4NO-4@9PO%"*K M#$?";R*8Q4FFHH(*W6M<$!3.3)9/R%3_:+3VCTS+[,MLR#) M\)/?NET%OB1QVD=8ENUCV-[!_G2W'U@(;2BWF)Q_W:G=U'\-VU%)TFK:@/$W MF9]+DRG81'%$Q%R^@17_.P'?)DGUMINC M^V''>W!E$9H&J&ZL/2U[TLU&#W$% \ NX(B2?/O"=_;.#7NU\;%8Y/>6S8_ M2=WU$V%/^_:=WEJH:P&>E;(5D8JLX%)4(N0LA>5D_[1Y-5'I<1 (=?%0Z9-8 M8K:-^Q5/[IL&SVZZ#)P;S8MRQF)RQ:1.I_61W+$P3XJ[I7F<\LR4+ZTZ:M$/ MC8CC5A!6X^=:<+YUHG,'8#9N8;< ](I,>JB[=/\=W+).;R$)71*2">+DH MQ;8L$-:.X"IA<1ZPNXNX_.\3'$?C==CLJ+EH$&O;]T!0""Q] 3) M!5-/FDS;( ,C12\TW0% /D+JPB65+K<5*0M_G,1/[R/&)>?'G]4/1^J'RD9" M_NK[%9L$T_.B7H1ALR=;-1J]A2V>CJ\NBB-X0W!NKPTCFYQ3*ORBDUM#LN<[ MJ.=RPK.?Y";BZNK4_DQMHQG:!JHAF*;!,#'5B[\:5-UH5?S@+F32 /+87)+* MT/0M6 LS=[WD]L.068SCFTCG+.1CSB);A2E+<_Q:4E8MJX)@9J(?*_,U%MGC M]'6]:(_&9ZJ6!W_([8=K10TE1KO)MDNT:9[\I$'DDBU_2-G?U<9/? ML_NUC 1OP9"Y>*P<2VEAYJI38B&AX:]RZ*$;(%K%2>KCX(E/'M!RV=HFMTVPF0 M!OA7<9I6QGL6S(()2XO@F\6#4F; (;1H20==@PP7%$E@%XHXS$Z#)'F5O_3# MUD2.=HG3,[QV@L(N0+ L)GW" M!!OS[&8:"& ,W\^;,7S+K@:+O@9%9_2"]]8AGD)N23.>E-CXA>[!.T$M0;EP MR[D>/=EH1^/$W0*J1D7*.E]4WAHQ/L5D@>:*3+B=0;AV!*[(A MQ'JK/9)\?> T8MZ68W(Y S?;T1"[3F$,0N_W4N,BSI/_DXLH8=%(L']7'[4' M;)C;8T>CZ36B%H/A8A;O;O5619.8[U,K?Z:AP':[41]Q+P]-P*5JU.?E*(D$ ML]:%IA=H1T&I[27Z-7CALWQFD^E&$\P7J MA;4J1SP40A[9JW],;UBR/#,M7M8V+XF==(YM[<$/O'8H2M*ZH1(6U_&0/?('QO5%U?=#,I^B'E&-METNT',%!0.UWOI\W"! M<'!P4-DNTW=PO)G(*2\\')%1R!Z00V34(3)J)SMM2H%1755;B9-,Y;"=L0>( M,=,W)S)E0*9,SP&-)T ;@W.:,1,!$41LVN4"IE]W[[_E@MT_Q_>/<9X&(CHO MBLPP<1UG9C>9(@30H9LINQ95_S!0T #&KE164_N^D;N1(>9K&R:O3+NF;HM?_=>A*K0""A=E#'G"G M-L:2Y[M5DLLASW='>;Y#>:I(L^ D$'^S6@5-.S23 ,CT-;)%8_M11/ZJVH/V MG<=&LWTP"/J15R)#*4C=M:W6F 3?K]FXCI^*:36J[?KOGR43KU8[ M B'$KL!NT).J?8'S?XA_Z3'^Y>=#_,LA_F6W&?U[&_^BSD+I3?!JOW>MMT)^ MZ0T5C$)AJM-@OT[5$B,=XYC3T.#=48.^ MD!_C3TR4RX?5K"H:.PGVHTINN-P\=#.=C!)?I9Z/QB<\"V.M?[(&UL4$L! A0#% @ $H*N4.QY!33]8@ *H% !4 M ( !T.X &UG=&DM,C R,# S,S%?;&%B+GAM;%!+ 0(4 Q0 ( !*" MKE#/A,F4230 "UC P 5 " 0!2 0!M9W1I+3(P,C P,S,Q >7W!R92YX;6Q02P4& 8 !@"* 0 ?(8! end XML 20 R35.htm IDEA: XBRL DOCUMENT v3.20.1

Commitments and Contingencies (Details Narrative) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended

May 07, 2020

Apr. 23, 2020

Mar. 31, 2020

Mar. 31, 2019

Dec. 31, 2019

Aug. 31, 2019

Operating Leases Commitments And Security Deposit [Line Items]

Security deposit $ 154

POD5 Agreement [Member] | Bit5ive, LLC [Member]

Operating Leases Commitments And Security Deposit [Line Items]

Recognized revenue 3 $ 0

Two Settlement and Termination Agreements [Member]

Operating Leases Commitments And Security Deposit [Line Items]

Present value of settlement distributions $ 337

Gain on change in fair value 15 $ 176

Loss contingency liability 58 116

Two Settlement and Termination Agreements [Member] | Monthly Settlement of Distributions [Member]

Operating Leases Commitments And Security Deposit [Line Items]

Present value of settlement distributions $ 43 $ 45

Stipulation of Settlement [Member]

Operating Leases Commitments And Security Deposit [Line Items]

Consideration for settlement, description The consideration for the settlement of the Derivative Actions is as follows: (i) adoption by the Company of certain corporate governance reforms, the terms of which are fully set forth in Exhibits A and B to the Stipulation; (ii) Robert B. Ladd, H. Robert Holmes, Michael Onghai, and Nolan Bushnell shall collectively pay or cause to be paid $75 to the Company; and (iii) Barry C. Honig, John Stetson, Michael Brauser, John O'Rourke III, and Mark Groussman shall collectively pay or cause to be paid $150 to the Company. Further, the Company shall, subject to court approval, pay a fee and expense award to plaintiffs' counsel in the Derivative Actions of $150 and service awards to each of the two plaintiffs in the Derivative Actions of $1.5 each, to be paid from the fee and expense award.

Federal Stipulation of Settlement [Member] | Subsequent Event [Member]

Operating Leases Commitments And Security Deposit [Line Items]

Consideration for settlement, description The consideration for the settlement of the Federal Derivative Actions is as follows: (i) adoption by the Company of a certain corporate governance reform, the terms of which are fully set forth in Exhibit A to the Federal Stipulation; and (ii) Robert B. Ladd, H. Robert Holmes, and Michael Onghai shall collectively pay or cause to be paid $65 to the Company. Further, the Company shall, subject to court approval, pay a fee and expense award to plaintiffs' counsel in the Federal Derivative Actions of $30 and incentive awards to each of the two plaintiffs in the Federal Derivative Actions of $.4 each.

X

- Definition
Consideration for settlement, description.
+ References
No definition available.
+ Details

Name: MGTI_ConsiderationForSettlementDescription

Namespace Prefix: MGTI_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Operating Leases Commitments And Security Deposit LineItems.
+ References
No definition available.
+ Details

Name: MGTI_OperatingLeasesCommitmentsAndSecurityDepositLineItems

Namespace Prefix: MGTI_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Recognized revenue.
+ References
No definition available.
+ Details

Name: MGTI_RecognizedRevenue

Namespace Prefix: MGTI_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of loss contingency liability.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121557415&loc=d3e14326-108349
+ Details

Name: us-gaap_LossContingencyAccrualAtCarryingValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of damages awarded to the plaintiff in the legal matter.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 9
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121557415&loc=d3e14557-108349

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121557415&loc=d3e14435-108349

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121557415&loc=d3e14326-108349
+ Details

Name: us-gaap_LossContingencyDamagesAwardedValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Present value of the accrual for product liability loss contingencies as of the balance sheet date (if the accrual qualifies for discounting).
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 5.Y.Q1)
-URI http://asc.fasb.org/extlink&oid=27011672&loc=d3e149879-122751
+ Details

Name: us-gaap_ProductLiabilityContingencyAccrualPresentValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
The amount of an asset, typically cash, provided to a counterparty to provide certain assurance of performance by the entity pursuant to the terms of a written or oral agreement, such as a lease.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.8,17)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682
+ Details

Name: us-gaap_SecurityDeposit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Details

Name: us-gaap_TypeOfArrangementAxis=MGTI_PODFiveAgreementMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: dei_LegalEntityAxis=MGTI_Bit5iveLLCMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_TypeOfArrangementAxis=MGTI_TwoSettlementAndTerminationAgreementsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_StatementScenarioAxis=MGTI_MonthlySettlementOfDistributionsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_TypeOfArrangementAxis=MGTI_StipulationOfSettlementMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_TypeOfArrangementAxis=MGTI_FederalStipulationOfSettlementMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 21 R31.htm IDEA: XBRL DOCUMENT v3.20.1

Leases - Schedule of Future Minimum Lease Payment (Details) - USD ($)
$ in Thousands

Mar. 31, 2020

Dec. 31, 2019

Leases [Abstract]

Remainder of 2020 $ 27

2021 37

2022 39

Total undiscounted minimum future lease payments 103

Less Imputed interest (34)

Present value of operating lease liabilities 69 $ 78

Current portion 18 19

Non-current portion 51 59

Operating lease liability $ 69 $ 78

X

- References
No definition available.
+ Details

Name: us-gaap_LeasesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of lessee's undiscounted obligation for lease payment for operating lease.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980
+ Details

Name: us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of lessee's undiscounted obligation for lease payment for operating lease to be paid in third fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980
+ Details

Name: us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of lessee's undiscounted obligation for lease payment for operating lease to be paid in second fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980
+ Details

Name: us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of lessee's undiscounted obligation for lease payment for operating lease having initial or remaining lease term in excess of one year to be paid in remainder of current fiscal year.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980
+ Details

Name: us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of lessee's undiscounted obligation for lease payments in excess of discounted obligation for lease payments for operating lease.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980
+ Details

Name: us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Present value of lessee's discounted obligation for lease payments from operating lease.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121603541&loc=SL77918627-209977
+ Details

Name: us-gaap_OperatingLeaseLiability

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Present value of lessee's discounted obligation for lease payments from operating lease, classified as current.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121603541&loc=SL77918627-209977
+ Details

Name: us-gaap_OperatingLeaseLiabilityCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Present value of lessee's discounted obligation for lease payments from operating lease, classified as noncurrent.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121603541&loc=SL77918627-209977
+ Details

Name: us-gaap_OperatingLeaseLiabilityNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

EXCEL 22 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 23 R3.htm IDEA: XBRL DOCUMENT v3.20.1

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares

Mar. 31, 2020

Dec. 31, 2019

Preferred stock, par value $ 0.001 $ 0.001

Preferred stock, shares authorized 8,489,800 8,489,800

Preferred stock, shares issued

Preferred stock, shares outstanding

Common stock, par value $ 0.001 $ 0.001

Common stock, shares authorized 2,500,000,000 2,500,000,000

Common stock, shares issued 446,448,446 413,701,289

Common stock, shares outstanding 446,448,446 413,701,289

Series B Preferred Stock [Member]

Preferred stock, par value $ 0.001 $ 0.001

Preferred stock, shares authorized 10,000 10,000

Preferred stock, shares issued

Preferred stock, shares outstanding

Series C Convertible Preferred Stock [Member]

Preferred stock, par value $ 0.001 $ 0.001

Preferred stock, shares authorized 200 200

Preferred stock, shares issued 115 115

Preferred stock, shares outstanding 115 115

X

- Definition
Face amount or stated value per share of common stock.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockParOrStatedValuePerShare

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
The maximum number of common shares permitted to be issued by an entity's charter and bylaws.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockSharesAuthorized

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockSharesIssued

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockSharesOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682
+ Details

Name: us-gaap_PreferredStockParOrStatedValuePerShare

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682
+ Details

Name: us-gaap_PreferredStockSharesAuthorized

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682
+ Details

Name: us-gaap_PreferredStockSharesIssued

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682
+ Details

Name: us-gaap_PreferredStockSharesOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Details

Name: us-gaap_StatementClassOfStockAxis=us-gaap_SeriesBPreferredStockMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=us-gaap_SeriesCPreferredStockMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 24 R13.htm IDEA: XBRL DOCUMENT v3.20.1

Common Stock and Preferred Stock
3 Months Ended

Mar. 31, 2020

Equity [Abstract]

Common Stock and Preferred Stock

Note 7. Common Stock and Preferred Stock

Common stock

Equity Purchase Agreement under Form S-3

On August 30, 2018, the Company and L2 Capital, LLC (“L2 Capital”) entered into an equity purchase agreement, which was later amended on November 30, 2018, whereby the Company could issue and sell to L2 Capital from time to time up to $50,000 of the Company’s common stock that was registered with the SEC under a registration statement on Form S–3. Subject to the terms of the equity purchase agreement, the Company provided notices (a “Put Notice”) requiring L2 Capital to purchase a number of shares (the “Put Shares”) of the common stock equal to the lesser of $500 and 200% of the average trading volume of the common stock in the ten trading days immediately preceding the date of such Put Notice. The terms also provided the purchase price for such Put Shares to be the lowest traded price on a principal market for any trading day during the five trading days either following or beginning on the date on which L2 Capital receives delivery of the Put Shares, multiplied by 95.0%.

During the three months ended March 31, 2019, the Company issued 43,100,000 shares of its common stock in exchange for $2,154. Of that amount, $354 was applied directly as payment against the December 2018 Note. On March 28, 2019, the Company sold 7,500,000 shares of common stock for proceeds of $346. Since the proceeds were collected in April 2019, the Company recorded a subscription receivable of this amount as of March 31, 2019.

On April 16, 2019, the Company became ineligible to issue shares under its registration statement on Form S-3 as the aggregate market value of the Company’s common stock held by non-affiliates was below the regulatory threshold of $75,000. In connection with this ineligibility, the equity purchase agreement was terminated.

Equity Purchase Agreement under Form S-1

On June 3, 2019, the Company entered into an equity purchase agreement with Oasis Capital, whereby the Company shall have the right, but not the obligation, to direct Oasis Capital to purchase shares of the Company’s common stock (the “New Put Shares”) in an amount in each instance up to the lesser of $1,000 or 250% of the average daily trading volume by delivering a notice to Oasis Capital (the “New Put Notice”). The purchase price (the “Purchase Price”) for the New Put Shares shall equal 95% of the one lowest daily volume weighted average price on a principal market during the five trading days immediately following the date Oasis receives the New Put Shares via DWAC associated with the applicable New Put Notice (the “Valuation Period”). The closing of a New Put Notice shall occur within one trading day following the end of the respective Valuation Period, whereby (i) Oasis shall deliver the Investment Amount (as defined below) to the Company by wire transfer of immediately available funds and (ii) Oasis shall return surplus New Put Shares if the value of the New Put Shares delivered to Oasis causes the Company to exceed the maximum commitment amount. The Company shall not deliver another New Put Notice to Oasis within ten trading days of a prior New Put Notice. The “Investment Amount” means the aggregate Purchase Price for the New Put Shares purchased by Oasis, minus clearing costs payable to Oasis’s broker or to the Company’s transfer agent for the issuance of the New Put Shares. The shares issuable under the equity purchase agreement are registered with the SEC under a registration statement on Form S-1 that was declared effective on June 25, 2019 covering up to 76,558,643 shares of common stock, and are subject to a maximum beneficial ownership by Oasis Capital of 9.99%.

Through December 31, 2019, the Company sold 52,000,000 shares of its common stock under the Form S-1 and no shares were sold during the three months ended March 31, 2020. Upon the filing of the Company’s 2019 Form 10-K with the SEC on March 30, 2020, the Company will need to file a post-effective amendment to the Form S-1 to enable further sales of its common stock under this registration statement.

Other Common Stock Issuances

During the three months ended March 31, 2019, the Company issued 160,500 shares of its common stock to consultants in exchange for services. These services were valued at $60 based upon the value of the shares issued.

Preferred Stock

On January 11, 2019, the Company’s Board of Directors approved the authorization of 10,000 shares of Series B Preferred Stock with a par value of $0.001 (“Series B Preferred Shares”). The holders of the Series B Preferred Shares shall be entitled to receive, when, as, and if declared by the Board of Directors of the Company, out of funds legally available for such purpose, dividends in cash at the rate of 12% of the stated value per annum on each Series B Preferred Share. Such dividends shall be cumulative and shall accrue without interest from the date of issuance of the respective share of the Series B Preferred Shares. Each holder shall also be entitled to vote on all matters submitted to stockholders of the Company and shall be entitled to 55,000 votes for each Series B Preferred Share owned at the record date for the determination of stockholders entitled to vote on such matter or, if no such record date is established, at the date such vote is taken or any written consent of stockholders is solicited. In the event of a liquidation event, any holders of the Series B Preferred Shares shall be entitled to receive, for each Series B Preferred Shares, the stated value in cash out of the assets of the Company, whether from capital or from earnings available for distribution to its stockholders. The Series B Preferred Shares are not convertible into shares of the Company’s common stock. No shares of Series B Preferred Shares have been issued or are outstanding.

On April 12, 2019, the Company’s Board of Directors approved the authorization of 200 Series C Preferred Shares with a par value of $0.001 (“Series C Preferred Shares”). The holders of the Series C Preferred Shares have no voting rights, receive no dividends, and are entitled to a liquidation preference equal to the stated value. At any time, the Company may redeem the Series C Preferred Shares at 1.2 times the stated value. Given the right of redemption is solely at the option of the Company, the Series C Preferred Shares are not considered mandatorily redeemable, and as such are classified in shareholders’ equity on the Company’s consolidated balance sheet.

Each Series C Preferred Share is convertible into shares of the Company’s common stock in an amount equal to the greater of: (a) 200,000 shares of common stock or (b) the amount derived by dividing the stated value by the product of 0.7 times the market price of the Company’s common stock, defined as the lowest trading price of the Company’s common stock during the ten day period preceding the conversion date. The holder may not convert any Series C Preferred Shares if the total amount of shares held, together with holdings of its affiliates, following a conversion exceeds 9.99% of the Company’s common stock.

The common shares issued upon conversion of the Series C Preferred Shares have been registered under the Company’s then-effective registration statement on Form S-3. On April 12, 2019, the Company sold 190 Series C Preferred Shares for $1,890, net of issuance costs and on July 15, 2019 sold 10 Series C Preferred Shares for $100. During the second and third quarters of 2019, holders converted 50 Series C Preferred Shares into 14,077,092 shares of common stock and 35 Series C Preferred Shares into 13,528,575 shares of common stock, respectively. 115 shares of Series C Preferred Stock are issued and outstanding as of March 31, 2020 and December 31, 2019, respectively.

Upon issuance of the Series C Preferred Shares during the second and third quarters of 2019, the Company recorded a deemed dividend based on the beneficial conversion feature underlying the Preferred Shares, measured as the difference between the conversion price of the Series C Preferred Shares and the fair value of the underlying common stock Accordingly, on April 12, 2019 and July 2019 issuances, the Company recorded deemed dividends of $859 and $46, respectively.

X

- References
No definition available.
+ Details

Name: us-gaap_EquityAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-URI http://asc.fasb.org/topic&trid=2208762
+ Details

Name: us-gaap_StockholdersEquityNoteDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 25 R7.htm IDEA: XBRL DOCUMENT v3.20.1

Organization and Basis of Presentation
3 Months Ended

Mar. 31, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization and Basis of Presentation

Note 1. Organization and Basis of Presentation

Organization

MGT Capital Investments, Inc. (“MGT” or the “Company”) was incorporated in Delaware in 2000. MGT was originally incorporated in Utah in 1977. MGT is comprised of the parent company and its wholly owned subsidiary MGT Sweden AB. MGT’s corporate office is in Raleigh, North Carolina.

Cryptocurrency mining

Current Operations

The Company operates 1,500 new generation Bitcoin miners at its Company-owned and managed facility located in LaFayette, GA. All miners were purchased from Bitmaintech Pte. Ltd., a Singapore limited company (“Bitmain”), and are collectively rated at approximately 80 Ph/s in computing power. The Company’s miners are housed in five modified shipping containers including two manufactured by Bit5ive LLC of Miami, Florida (“Pod5ive Containers”). A utility substation, adjacent to the several acre property, has access to over 20 megawatts (MW) of low-cost power. The Company’s current electrical load is estimated at slightly over 3.0 MW. The entire facility, including the land, five 2500 KVA 3-phase transformers, the mining containers, and miners, are owned by MGT. As the Company is presently using only one-third of the built-out available electrical load, it is exploring ways to grow its current operations.

Former Operations

Prior to establishing its Company-owned and managed facility, the Company conducted its Bitcoin mining operations through third-party hosting arrangements. The Company also entered into management agreements with third party investors whereby the investors purchased the mining hardware, and the Company received both a fee to manage the mining operations plus one-half of the net operating profit.

Due to the steadily declining price of Bitcoin throughout the first quarter of 2019, the Company decided it was not economically responsible to continue mining operations until Bitcoin economics improved, which occurred in May 2019. In March 2019, the Company entered into a settlement agreement to terminate its initial hosting agreement in Washington and conveyed ownership of its onsite mining assets for full satisfaction of outstanding hosting service fees. In August and September 2019, the Company terminated its management agreements with third party investors and in December 2019, terminated its hosting arrangements in Colorado and Ohio.

Basis of presentation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10–Q and Rule 10 of Regulation S–X. Accordingly, they do not include all of the information and notes required by accounting principles generally accepted in the United States of America. However, in the opinion of the management of the Company, all adjustments necessary for a fair presentation of the financial position and operating results have been included in these statements. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10–K for the fiscal year ended December 31, 2019, as filed with the SEC on March 30, 2020. Operating results for the three months ended March 31, 2020 are not necessarily indicative of the results that may be expected for any subsequent quarters or for the year ending December 31, 2020.

The recent outbreak of COVID-19, which has been declared by the World Health Organization to be a pandemic, has spread across the globe and is impacting worldwide economic activity. A pandemic, including COVID-19, or other public health epidemic poses the risk that the Company or its employees and its business partners may be prevented from conducting business activities at full capacity for an indefinite period of time, including due to spread of the disease within these groups or due to shutdowns that may be requested or mandated by governmental authorities. While it is not possible at this time to estimate the impact that COVID-19 could have on the Company’s business, the continued spread of COVID-19 and the measures taken by the governments of countries affected which the Company conducts business with could disrupt the Company’s business. The COVID-19 outbreak and mitigation measures may also have an adverse impact on global economic conditions, which could have an adverse effect on the Company’s business and financial condition, including on its potential to conduct financings on terms acceptable to the Company, if at all. In addition, the Company may take temporary precautionary measures intended to help minimize the risk of the virus to its employees, including temporarily requiring all employees to work remotely and suspending all non-essential travel for its employees, which could negatively affect the Company’s business. The extent to which the COVID-19 outbreak impacts the Company’s results will depend on future developments that are highly uncertain and cannot be predicted, including new information that may emerge concerning the severity of the virus and the actions to contain its impact.

X

- References
No definition available.
+ Details

Name: us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-URI http://asc.fasb.org/topic&trid=2122149

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-URI http://asc.fasb.org/topic&trid=2197479
+ Details

Name: us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 26 R17.htm IDEA: XBRL DOCUMENT v3.20.1

Subsequent Events
3 Months Ended

Mar. 31, 2020

Subsequent Events [Abstract]

Subsequent Events

Note 11. Subsequent Events

The Company has evaluated the impacts of subsequent events through May 14, 2020 and has determined that no such events occurred that were required to be reflected in the unaudited condensed consolidated financial statements, except as described within the above notes and described below.

On May 7, 2020, the holder of the June 2018 Note converted $150,000 of debt principal into 16,483,516 shares of common stock, reducing the outstanding principal to $429.

On April 16, 2020, the Company entered into a promissory note with Aquesta Bank for $108 in connection with the Paycheck Protection Program offered by the U.S. Small Business Administration. The note bears interest at 1% per annum, with monthly installments of $6 commencing on November 1, 2020 for 18 months through its maturity on April 1, 2022. The principal amount of the loan will be forgiven if the loan proceeds are used to pay for payroll costs, rent and utilities costs over the 8-week period after the loan is made. Not more than 25% of the forgiven amount may be used for non-payroll costs. The amount of the loan forgiveness will be reduced if the Company reduces its full-time head count.

On May 11, 2020, the third Halving, described below, occurred, revising the reward payout to 6.25 Bitcoin per block, from the previous reward payout of 12.5 Bitcoin per block The supply of Bitcoin is finite. Once 21 million Bitcoin are generated, the network will stop producing more. Currently, there are approximately 18 million Bitcoin in circulation, or 85% of the total supply of Bitcoin. Within the Bitcoin protocol is an event referred to as Halving where the Bitcoin reward provided upon mining a block is reduced by 50%. Halvings are scheduled to occur once every 210,000 blocks, or roughly every four years, until the maximum supply of 21 million Bitcoin is reached.

X

- References
No definition available.
+ Details

Name: us-gaap_SubsequentEventsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 855
-URI http://asc.fasb.org/topic&trid=2122774

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 855
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662
+ Details

Name: us-gaap_SubsequentEventsTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 27 R34.htm IDEA: XBRL DOCUMENT v3.20.1

Stock-Based Compensation - Schedule of Restricted Common Stock Activity (Details)
3 Months Ended

Mar. 31, 2020

$ / shares

shares

Share-based Payment Arrangement [Abstract]

Number of shares Non-vested, Beginning Balance | shares 650,000

Number of shares, Granted | shares

Number of shares, Vested | shares (383,333)

Number of shares Non-vested, Ending Balance | shares 266,667

Weighted average grant date fair value Non-vested, Beginning Balance | $ / shares $ 1.24

Weighted average grant date fair value, Granted | $ / shares

Weighted average grant date fair value, Vested | $ / shares 1.46

Weighted average grant date fair value Non-vested, Ending Balance | $ / shares $ 0.94

X

- References
No definition available.
+ Details

Name: us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Gross number of share options (or share units) granted during the period.
+ References
No definition available.
+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
The weighted average grant-date fair value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)(1)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901
+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
Number of non-vested options outstanding.
+ References
No definition available.
+ Details

Name: us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Weighted average grant-date fair value of non-vested options outstanding.
+ References
No definition available.
+ Details

Name: us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
Number of options vested.
+ References
No definition available.
+ Details

Name: us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Weighted average grant-date fair value of options vested.
+ References
No definition available.
+ Details

Name: us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

XML 28 R30.htm IDEA: XBRL DOCUMENT v3.20.1

Leases (Details Narrative) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended

Mar. 31, 2020

Mar. 31, 2019

Dec. 31, 2019

Operating Leases Commitments And Security Deposit [Line Items]

Monthly rent $ 9 $ 20

Right of use asset 69 $ 78

Lease liability $ 69 78

New Lease [Member]

Operating Leases Commitments And Security Deposit [Line Items]

Monthly rent $ 3

Percentage of annual increases 3.00%

Operating lease term 3 years

Incremental borrowing rate 29.91%

Sublease Agreement [Member]

Operating Leases Commitments And Security Deposit [Line Items]

Monthly rent $ 7

X

- Definition
Operating Leases Commitments And Security Deposit LineItems.
+ References
No definition available.
+ Details

Name: MGTI_OperatingLeasesCommitmentsAndSecurityDepositLineItems

Namespace Prefix: MGTI_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Percentage of annual increases.
+ References
No definition available.
+ Details

Name: MGTI_PercentageOfAnnualIncreases

Namespace Prefix: MGTI_

Data Type: num:percentItemType

Balance Type: na

Period Type: instant

X

- Definition
Term of lessor's operating lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 30
-Section 50
-Paragraph 3
-Subparagraph (a)(3)
-URI http://asc.fasb.org/extlink&oid=121576215&loc=SL77919359-209981
+ Details

Name: us-gaap_LessorOperatingLeaseTermOfContract

Namespace Prefix: us-gaap_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: instant

X

- Definition
Present value of lessee's discounted obligation for lease payments from operating lease.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121603541&loc=SL77918627-209977
+ Details

Name: us-gaap_OperatingLeaseLiability

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of lessee's right to use underlying asset under operating lease.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121603541&loc=SL77918627-209977
+ Details

Name: us-gaap_OperatingLeaseRightOfUseAsset

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Weighted average discount rate for operating lease calculated at point in time.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-Subparagraph (g)(4)
-URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 55
-Paragraph 53
-URI http://asc.fasb.org/extlink&oid=121568110&loc=SL77918982-209971
+ Details

Name: us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent

Namespace Prefix: us-gaap_

Data Type: num:percentItemType

Balance Type: na

Period Type: instant

X

- Definition
Cash payments to lessor's for use of assets under operating leases.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 25
-Subparagraph (g)
-URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3536-108585
+ Details

Name: us-gaap_PaymentsForRent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Details

Name: us-gaap_TypeOfArrangementAxis=MGTI_NewLeaseMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_TypeOfArrangementAxis=MGTI_SubleaseAgreementMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 29 FilingSummary.xml IDEA: XBRL DOCUMENT 3.20.1 html 144 273 1 false 60 0 false 4 false false R1.htm 00000001 - Document - Document And Entity Information Sheet http://mgtci.com/role/DocumentAndEntityInformation Document And Entity Information Cover 1 false false R2.htm 00000002 - Statement - Condensed Consolidated Balance Sheets Sheet http://mgtci.com/role/BalanceSheets Condensed Consolidated Balance Sheets Statements 2 false false R3.htm 00000003 - Statement - Condensed Consolidated Balance Sheets (Parenthetical) Sheet http://mgtci.com/role/BalanceSheetsParenthetical Condensed Consolidated Balance Sheets (Parenthetical) Statements 3 false false R4.htm 00000004 - Statement - Condensed Consolidated Statements of Operations (Unaudited) Sheet http://mgtci.com/role/StatementsOfOperations Condensed Consolidated Statements of Operations (Unaudited) Statements 4 false false R5.htm 00000005 - Statement - Condensed Consolidated Statements of Changes in Stockholders' (Deficit) Equity (Unaudited) Sheet http://mgtci.com/role/StatementsOfChangesInStockholdersDeficitEquity Condensed Consolidated Statements of Changes in Stockholders' (Deficit) Equity (Unaudited) Statements 5 false false R6.htm 00000006 - Statement - Condensed Consolidated Statements of Cash Flows (Unaudited) Sheet http://mgtci.com/role/StatementsOfCashFlows Condensed Consolidated Statements of Cash Flows (Unaudited) Statements 6 false false R7.htm 00000007 - Disclosure - Organization and Basis of Presentation Sheet http://mgtci.com/role/OrganizationAndBasisOfPresentation Organization and Basis of Presentation Notes 7 false false R8.htm 00000008 - Disclosure - Going Concern and Management's Plans Sheet http://mgtci.com/role/GoingConcernAndManagementsPlans Going Concern and Management's Plans Notes 8 false false R9.htm 00000009 - Disclosure - Summary of Significant Accounting Policies Sheet http://mgtci.com/role/SummaryOfSignificantAccountingPolicies Summary of Significant Accounting Policies Notes 9 false false R10.htm 00000010 - Disclosure - Property, Plant, and Equipment and Other Assets Sheet http://mgtci.com/role/PropertyPlantAndEquipmentAndOtherAssets Property, Plant, and Equipment and Other Assets Notes 10 false false R11.htm 00000011 - Disclosure - Notes Payable Notes http://mgtci.com/role/NotesPayable Notes Payable Notes 11 false false R12.htm 00000012 - Disclosure - Leases Sheet http://mgtci.com/role/Leases Leases Notes 12 false false R13.htm 00000013 - Disclosure - Common Stock and Preferred Stock Sheet http://mgtci.com/role/CommonStockAndPreferredStock Common Stock and Preferred Stock Notes 13 false false R14.htm 00000014 - Disclosure - Stock-Based Compensation Sheet http://mgtci.com/role/Stock-basedCompensation Stock-Based Compensation Notes 14 false false R15.htm 00000015 - Disclosure - Commitments and Contingencies Sheet http://mgtci.com/role/CommitmentsAndContingencies Commitments and Contingencies Notes 15 false false R16.htm 00000016 - Disclosure - Employee Benefit Plans Sheet http://mgtci.com/role/EmployeeBenefitPlans Employee Benefit Plans Notes 16 false false R17.htm 00000017 - Disclosure - Subsequent Events Sheet http://mgtci.com/role/SubsequentEvents Subsequent Events Notes 17 false false R18.htm 00000018 - Disclosure - Summary of Significant Accounting Policies (Policies) Sheet http://mgtci.com/role/SummaryOfSignificantAccountingPoliciesPolicies Summary of Significant Accounting Policies (Policies) Policies http://mgtci.com/role/SummaryOfSignificantAccountingPolicies 18 false false R19.htm 00000019 - Disclosure - Property, Plant, and Equipment and Other Assets (Tables) Sheet http://mgtci.com/role/PropertyPlantAndEquipmentAndOtherAssetsTables Property, Plant, and Equipment and Other Assets (Tables) Tables http://mgtci.com/role/PropertyPlantAndEquipmentAndOtherAssets 19 false false R20.htm 00000020 - Disclosure - Notes Payable (Tables) Notes http://mgtci.com/role/NotesPayableTables Notes Payable (Tables) Tables http://mgtci.com/role/NotesPayable 20 false false R21.htm 00000021 - Disclosure - Leases (Tables) Sheet http://mgtci.com/role/LeasesTables Leases (Tables) Tables http://mgtci.com/role/Leases 21 false false R22.htm 00000022 - Disclosure - Stock-Based Compensation (Tables) Sheet http://mgtci.com/role/Stock-basedCompensationTables Stock-Based Compensation (Tables) Tables http://mgtci.com/role/Stock-basedCompensation 22 false false R23.htm 00000023 - Disclosure - Going Concern and Management's Plans (Details Narrative) Sheet http://mgtci.com/role/GoingConcernAndManagementsPlansDetailsNarrative Going Concern and Management's Plans (Details Narrative) Details http://mgtci.com/role/GoingConcernAndManagementsPlans 23 false false R24.htm 00000024 - Disclosure - Summary of Significant Accounting Policies (Details Narrative) Sheet http://mgtci.com/role/SummaryOfSignificantAccountingPoliciesDetailsNarrative Summary of Significant Accounting Policies (Details Narrative) Details http://mgtci.com/role/SummaryOfSignificantAccountingPoliciesPolicies 24 false false R25.htm 00000025 - Disclosure - Property, Plant, and Equipment and Other Assets (Details Narrative) Sheet http://mgtci.com/role/PropertyPlantAndEquipmentAndOtherAssetsDetailsNarrative Property, Plant, and Equipment and Other Assets (Details Narrative) Details http://mgtci.com/role/PropertyPlantAndEquipmentAndOtherAssetsTables 25 false false R26.htm 00000026 - Disclosure - Property, Plant, and Equipment and Other Assets - Schedule of Property and Equipment (Details) Sheet http://mgtci.com/role/PropertyPlantAndEquipmentAndOtherAssets-ScheduleOfPropertyAndEquipmentDetails Property, Plant, and Equipment and Other Assets - Schedule of Property and Equipment (Details) Details 26 false false R27.htm 00000027 - Disclosure - Property, Plant, and Equipment and Other Assets - Schedule of Other Assets (Details) Sheet http://mgtci.com/role/PropertyPlantAndEquipmentAndOtherAssets-ScheduleOfOtherAssetsDetails Property, Plant, and Equipment and Other Assets - Schedule of Other Assets (Details) Details 27 false false R28.htm 00000028 - Disclosure - Notes Payable (Details Narrative) Notes http://mgtci.com/role/NotesPayableDetailsNarrative Notes Payable (Details Narrative) Details http://mgtci.com/role/NotesPayableTables 28 false false R29.htm 00000029 - Disclosure - Notes Payable - Schedule of Notes Payable (Details) Notes http://mgtci.com/role/NotesPayable-ScheduleOfNotesPayableDetails Notes Payable - Schedule of Notes Payable (Details) Details 29 false false R30.htm 00000030 - Disclosure - Leases (Details Narrative) Sheet http://mgtci.com/role/LeasesDetailsNarrative Leases (Details Narrative) Details http://mgtci.com/role/LeasesTables 30 false false R31.htm 00000031 - Disclosure - Leases - Schedule of Future Minimum Lease Payment (Details) Sheet http://mgtci.com/role/Leases-ScheduleOfFutureMinimumLeasePaymentDetails Leases - Schedule of Future Minimum Lease Payment (Details) Details 31 false false R32.htm 00000032 - Disclosure - Common Stock and Preferred Stock (Details Narrative) Sheet http://mgtci.com/role/CommonStockAndPreferredStockDetailsNarrative Common Stock and Preferred Stock (Details Narrative) Details http://mgtci.com/role/CommonStockAndPreferredStock 32 false false R33.htm 00000033 - Disclosure - Stock-Based Compensation (Details Narrative) Sheet http://mgtci.com/role/Stock-basedCompensationDetailsNarrative Stock-Based Compensation (Details Narrative) Details http://mgtci.com/role/Stock-basedCompensationTables 33 false false R34.htm 00000034 - Disclosure - Stock-Based Compensation - Schedule of Restricted Common Stock Activity (Details) Sheet http://mgtci.com/role/Stock-basedCompensation-ScheduleOfRestrictedCommonStockActivityDetails Stock-Based Compensation - Schedule of Restricted Common Stock Activity (Details) Details 34 false false R35.htm 00000035 - Disclosure - Commitments and Contingencies (Details Narrative) Sheet http://mgtci.com/role/CommitmentsAndContingenciesDetailsNarrative Commitments and Contingencies (Details Narrative) Details http://mgtci.com/role/CommitmentsAndContingencies 35 false false R36.htm 00000036 - Disclosure - Employee Benefit Plans (Details Narrative) Sheet http://mgtci.com/role/EmployeeBenefitPlansDetailsNarrative Employee Benefit Plans (Details Narrative) Details http://mgtci.com/role/EmployeeBenefitPlans 36 false false R37.htm 00000037 - Disclosure - Subsequent Events (Details Narrative) Sheet http://mgtci.com/role/SubsequentEventsDetailsNarrative Subsequent Events (Details Narrative) Details http://mgtci.com/role/SubsequentEvents 37 false false All Reports Book All Reports mgti-20200331.xml mgti-20200331.xsd mgti-20200331_cal.xml mgti-20200331_def.xml mgti-20200331_lab.xml mgti-20200331_pre.xml http://xbrl.sec.gov/stpr/2018-01-31 http://fasb.org/us-gaap/2020-01-31 http://xbrl.sec.gov/dei/2019-01-31 http://fasb.org/srt/2020-01-31 true true XML 30 R29.htm IDEA: XBRL DOCUMENT v3.20.1

Notes Payable - Schedule of Notes Payable (Details) - USD ($)
$ in Thousands

Mar. 31, 2020

Dec. 31, 2019

Jun. 01, 2018

Net $ 124 $ 52

June 2018 Note [Member]

Principal 579 929 $ 3,600

Discount (455) (877)

Net $ 124 $ 52

X

- Definition
Face (par) amount of debt instrument at time of issuance.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28551-108399

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400
+ Details

Name: us-gaap_DebtInstrumentFaceAmount

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of debt discount to be amortized within one year or within the normal operating cycle, if longer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28541-108399

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400
+ Details

Name: us-gaap_DebtInstrumentUnamortizedDiscountCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Sum of the carrying values as of the balance sheet date of the portions of long-term notes payable due within one year or the operating cycle if longer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19,20)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682
+ Details

Name: us-gaap_NotesPayableCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Details

Name: us-gaap_ShortTermDebtTypeAxis=MGTI_JuneTwoThousandEighteenNoteMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 31 R21.htm IDEA: XBRL DOCUMENT v3.20.1

Leases (Tables)
3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Schedule of Future Minimum Lease Payment

Total future minimum payments required under the lease agreement are as follows:

Amount

Remainder of 2020 $ 27

2021 37

2022 39

Total undiscounted minimum future lease payments $ 103

Less Imputed interest (34 )

Present value of operating lease liabilities $ 69

Disclosed as:

Current portion $ 18

Non-current portion 51

$ 69

X

- References
No definition available.
+ Details

Name: us-gaap_LeasesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980
+ Details

Name: us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 32 R25.htm IDEA: XBRL DOCUMENT v3.20.1

Property, Plant, and Equipment and Other Assets (Details Narrative) - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended

Sep. 30, 2019

Mar. 31, 2020

Mar. 31, 2019

Depreciation expense $ 342

Payments for deposits $ 38

Electrical Contract [Member]

Payments for deposits $ 154

Office Lease [Member] | Raleigh, NC [Member]

Payments for deposits 3

Bitcoin Mining Machines [Member]

Property, plant and equipment, estimated useful lives P5Y

Bitcoin Machines [Member]

Payments for deposits $ 203

X

- Definition
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3602-108585
+ Details

Name: us-gaap_Depreciation

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The amount of cash paid for deposits on goods and services during the period; excludes time deposits and deposits with other institutions, which pertain to financial service entities.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 17
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3367-108585

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 17
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3367-108585
+ Details

Name: us-gaap_PaymentsForDeposits

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Describes the periods of time over which an entity anticipates to receive utility from its property, plant and equipment (that is, the periods of time over which an entity allocates the initial cost of its property, plant and equipment).
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 35
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=68071081&loc=d3e1205-110223

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790
+ Details

Name: us-gaap_PropertyPlantAndEquipmentEstimatedUsefulLives

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_TypeOfArrangementAxis=MGTI_ElectricalContractMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_TypeOfArrangementAxis=MGTI_OfficeLeaseMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_StatementGeographicalAxis=stpr_NC

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: dei_LegalEntityAxis=MGTI_BitcoinMiningMachinesMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_PropertyPlantAndEquipmentByTypeAxis=MGTI_BitcoinMachinesMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 33 R36.htm IDEA: XBRL DOCUMENT v3.20.1

Employee Benefit Plans (Details Narrative) - 401(k) Plan [Member] - USD ($)
$ in Thousands
3 Months Ended

Mar. 31, 2020

Mar. 31, 2019

Employee contribution amount $ 4 $ 4

Maximum [Member]

Employee contribution percentage 100.00%

X

- Definition
Amount of cost for defined contribution plan.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 70
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=49170846&loc=d3e28014-114942
+ Details

Name: us-gaap_DefinedContributionPlanCostRecognized

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Maximum percentage of employee gross pay the employee may contribute to a defined contribution plan.
+ References
No definition available.
+ Details

Name: us-gaap_DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent

Namespace Prefix: us-gaap_

Data Type: num:percentItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_PlanNameAxis=MGTI_FourHundredOneKPlanMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_RangeAxis=srt_MaximumMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 34 R32.htm IDEA: XBRL DOCUMENT v3.20.1

Common Stock and Preferred Stock (Details Narrative) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended

Jul. 15, 2019

Jun. 03, 2019

Apr. 16, 2019

Apr. 12, 2019

Mar. 28, 2019

Jan. 11, 2019

Aug. 30, 2018

Mar. 31, 2020

Sep. 30, 2019

Jun. 30, 2019

Mar. 31, 2019

Dec. 31, 2019

Jul. 31, 2019

Nov. 30, 2018

Repayments of debt $ 82

Conversion of stock shares converted 200,000

Percentage of average trading volume of common stock 9.99%

Value of shares issued for services $ 60

Preferred stock, shares authorized 8,489,800 8,489,800

Preferred stock, par value $ 0.001 $ 0.001

Preferred stock, voting rights the Company's Board of Directors approved the authorization of 200 Series C Preferred Shares with a par value of $0.001 ("Series C Preferred Shares"). The holders of the Series C Preferred Shares have no voting rights, receive no dividends, and are entitled to a liquidation preference equal to the stated value. At any time, the Company may redeem the Series C Preferred Shares at 1.2 times the stated value. Given the right of redemption is solely at the option of the Company, the Series C Preferred Shares are not considered mandatorily redeemable, and as such are classified in shareholders' equity on the Company's consolidated balance sheet.

Conversion of stock, description The amount derived by dividing the stated value by the product of 0.7 times the market price of the Company's common stock, defined as the lowest trading price of the Company's common stock during the ten day period preceding the conversion date. The holder may not convert any Series C Preferred Shares if the total amount of shares held, together with holdings of its affiliates, following a conversion exceeds 9.99% of the Company's common stock.

Preferred stock, shares issued

Preferred stock, shares outstanding

Common Stock [Member]

Debt conversion, shares issued 43,100,000

Debt conversion $ 2,154

Stock sold during period, shares 7,500,000 52,000,000

Proceeds from sale of stock $ 346

Conversion of stock shares converted 14,077,092

Number of shares issued for services 160,500

Value of shares issued for services

Common Stock [Member] | December 2018 Note [Member]

Repayments of debt $ 354

Common Stock [Member]

Conversion of stock shares converted 13,528,575

Series B Preferred Stock [Member]

Preferred stock, shares authorized 10,000 10,000

Preferred stock, par value $ 0.001 $ 0.001

Preferred stock, shares issued

Preferred stock, shares outstanding

Series B Preferred Stock [Member] | Board of Directors [Member]

Preferred stock, shares authorized 10,000

Preferred stock, par value $ 0.001

Preferred stock, dividend rate, percentage 12.00%

Preferred stock, voting rights Each holder shall also be entitled to vote on all matters submitted to stockholders of the Company and shall be entitled to 55,000 votes for each Series B Preferred Share owned at the record date for the determination of stockholders entitled to vote on such matter or, if no such record date is established, at the date such vote is taken or any written consent of stockholders is solicited.

Series C Convertible Preferred Stock [Member]

Stock sold during period, shares 10

Proceeds from sale of stock $ 100

Conversion of stock shares converted 35 50

Preferred stock, shares authorized 200

Preferred stock, par value $ 0.001

Deemed dividend $ 859 $ 46

Series C Convertible Preferred Stock [Member]

Stock sold during period, shares 190

Proceeds from sale of stock $ 1,890

Preferred stock, shares authorized 200 200

Preferred stock, par value $ 0.001 $ 0.001

Preferred stock, shares issued 115 115

Preferred stock, shares outstanding 115 115

Equity Purchase Agreement [Member] | Non-Affiliates [Member]

Debt instrument regulatory threshold $ 75,000

L2 Capital, LLC [Member] | Equity Purchase Agreement [Member]

Equity purchase agreement description The Company and L2 Capital, LLC ("L2 Capital") entered into an equity purchase agreement, which was later amended on November 30, 2018, whereby the Company could issue and sell to L2 Capital from time to time up to $50,000 of the Company's common stock that was registered with the SEC under a registration statement on Form S-3. Subject to the terms of the equity purchase agreement, the Company provided notices (a "Put Notice") requiring L2 Capital to purchase a number of shares (the "Put Shares") of the common stock equal to the lesser of $500 and 200% of the average trading volume of the common stock in the ten trading days immediately preceding the date of such Put Notice. The terms also provided the purchase price for such Put Shares to be the lowest traded price on a principal market for any trading day during the five trading days either following or beginning on the date on which L2 Capital receives delivery of the Put Shares, multiplied by 95.0%.

Number of shares available for issuance, value 50,000

L2 Capital, LLC [Member] | Equity Purchase Agreement [Member] | Put Shares [Member] | Maximum [Member]

Number of shares available for issuance, value 500

Oasis Capital [Member] | Equity Purchase Agreement Under Form S-1 [Member]

Equity purchase agreement description The Company entered into an equity purchase agreement with Oasis Capital, whereby the Company shall have the right, but not the obligation, to direct Oasis Capital to purchase shares of the Company's common stock (the "New Put Shares") in an amount in each instance up to the lesser of $1,000 or 250% of the average daily trading volume by delivering a notice to Oasis Capital (the "New Put Notice"). The purchase price (the "Purchase Price") for the New Put Shares shall equal 95% of the one lowest daily volume weighted average price on a principal market during the five trading days immediately following the date Oasis receives the New Put Shares via DWAC associated with the applicable New Put Notice (the "Valuation Period"). The closing of a New Put Notice shall occur within one trading day following the end of the respective Valuation Period, whereby (i) Oasis shall deliver the Investment Amount (as defined below) to the Company by wire transfer of immediately available funds and (ii) Oasis shall return surplus New Put Shares if the value of the New Put Shares delivered to Oasis causes the Company to exceed the maximum commitment amount. The Company shall not deliver another New Put Notice to Oasis within ten trading days of a prior New Put Notice. The "Investment Amount" means the aggregate Purchase Price for the New Put Shares purchased by Oasis, minus clearing costs payable to Oasis's broker or to the Company's transfer agent for the issuance of the New Put Shares. The shares issuable under the equity purchase agreement are registered with the SEC under a registration statement on Form S-1 that was declared effective on June 25, 2019 covering up to 76,558,643 shares of common stock, and are subject to a maximum beneficial ownership by Oasis Capital of 9.99%.

Percentage of average trading volume of common stock 95.00%

Maximum beneficial ownership percentage 9.99%

Oasis Capital [Member] | Equity Purchase Agreement Under Form S-1 [Member] | New Put Shares [Member] | Maximum [Member]

Number of shares available for issuance, value 1,000

X

- Definition
Debt instrument regulatory threshold.
+ References
No definition available.
+ Details

Name: MGTI_DebtInstrumentRegulatoryThreshold

Namespace Prefix: MGTI_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Deemed dividend.
+ References
No definition available.
+ Details

Name: MGTI_DeemedDividend

Namespace Prefix: MGTI_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Equity purchase agreement description.
+ References
No definition available.
+ Details

Name: MGTI_EquityPurchaseAgreementDescription

Namespace Prefix: MGTI_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Aggregate number of common shares reserved for future issuance.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.29)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockCapitalSharesReservedForFutureIssuance

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
A unique description of a noncash or part noncash stock conversion. The description would be expected to include sufficient information to provide an understanding of the nature and purpose of the conversion. Noncash is defined as transactions during a period that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121583591&loc=d3e4332-108586

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=121583591&loc=d3e4313-108586

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=121583591&loc=d3e4304-108586
+ Details

Name: us-gaap_ConversionOfStockDescription

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The number of shares converted in a noncash (or part noncash) transaction. Noncash is defined as transactions during a period that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=121583591&loc=d3e4313-108586

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=121583591&loc=d3e4304-108586

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121583591&loc=d3e4332-108586
+ Details

Name: us-gaap_ConversionOfStockSharesConverted1

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
The value of the financial instrument(s) that the original debt is being converted into in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=121583591&loc=d3e4304-108586

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121583591&loc=d3e4332-108586
+ Details

Name: us-gaap_DebtConversionConvertedInstrumentAmount1

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The number of shares issued in exchange for the original debt being converted in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or payments in the period.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121583591&loc=d3e4332-108586

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=121583591&loc=d3e4304-108586
+ Details

Name: us-gaap_DebtConversionConvertedInstrumentSharesIssued1

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Minimum percentage of common stock price to conversion price of convertible debt instruments to determine eligibility of conversion.
+ References
No definition available.
+ Details

Name: us-gaap_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger

Namespace Prefix: us-gaap_

Data Type: num:percentItemType

Balance Type: na

Period Type: duration

X

- Definition
The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (a)(1)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571
+ Details

Name: us-gaap_EquityMethodInvestmentOwnershipPercentage

Namespace Prefix: us-gaap_

Data Type: num:percentItemType

Balance Type: na

Period Type: instant

X

- Definition
The percentage rate used to calculate dividend payments on preferred stock.
+ References
No definition available.
+ Details

Name: us-gaap_PreferredStockDividendRatePercentage

Namespace Prefix: us-gaap_

Data Type: num:percentItemType

Balance Type: na

Period Type: duration

X

- Definition
Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682
+ Details

Name: us-gaap_PreferredStockParOrStatedValuePerShare

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682
+ Details

Name: us-gaap_PreferredStockSharesAuthorized

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682
+ Details

Name: us-gaap_PreferredStockSharesIssued

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682
+ Details

Name: us-gaap_PreferredStockSharesOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Description of voting rights of nonredeemable preferred stock. Includes eligibility to vote and votes per share owned. Include also, if any, unusual voting rights.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644
+ Details

Name: us-gaap_PreferredStockVotingRights

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The cash outflow for a borrowing supported by a written promise to pay an obligation.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 15
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3291-108585
+ Details

Name: us-gaap_RepaymentsOfNotesPayable

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Cash received on stock transaction after deduction of issuance costs.
+ References
No definition available.
+ Details

Name: us-gaap_SaleOfStockConsiderationReceivedOnTransaction

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The number of shares issued or sold by the subsidiary or equity method investee per stock transaction.
+ References
No definition available.
+ Details

Name: us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Number of shares issued in lieu of cash for services contributed to the entity. Number of shares includes, but is not limited to, shares issued for services contributed by vendors and founders.
+ References
No definition available.
+ Details

Name: us-gaap_StockIssuedDuringPeriodSharesIssuedForServices

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Value of stock issued in lieu of cash for services contributed to the entity. Value of the stock issued includes, but is not limited to, services contributed by vendors and founders.
+ References
No definition available.
+ Details

Name: us-gaap_StockIssuedDuringPeriodValueIssuedForServices

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Details

Name: us-gaap_StatementEquityComponentsAxis=us-gaap_CommonStockMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_ShortTermDebtTypeAxis=MGTI_DecemberTwoThousandEighteenNoteMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementEquityComponentsAxis=MGTI_CommonStockOneMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=us-gaap_SeriesBPreferredStockMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_TitleOfIndividualAxis=MGTI_BoardofDirectorsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=MGTI_SeriesCConvertiblePreferredStockMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=us-gaap_SeriesCPreferredStockMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_TypeOfArrangementAxis=MGTI_EquityPurchaseAgreementMmeberMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_TitleOfIndividualAxis=MGTI_NonAffiliatesMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: dei_LegalEntityAxis=MGTI_LTwoCapitalLLCMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_TypeOfArrangementAxis=MGTI_EquityPurchaseAgreementMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=MGTI_PutSharesMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_RangeAxis=srt_MaximumMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: dei_LegalEntityAxis=MGTI_OasisCapitalMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_TypeOfArrangementAxis=MGTI_EquityPurchaseAgreementunderFormSOneMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=MGTI_NewPutSharesMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 35 R11.htm IDEA: XBRL DOCUMENT v3.20.1

Notes Payable
3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Notes Payable

Note 5. Notes Payable

May 2018 Notes

On May 23, 2018, the Company entered into a securities purchase agreement with two accredited investors, pursuant to which the Company issued $840 in unsecured promissory notes for aggregate consideration of $700 (the “May 2018 Notes”), with an initial maturity date of March 23, 2019. On January 7, 2019, and again on March 28, 2019 the Company entered amendments to one of the May 2018 Notes, whereby the parties agreed to extend the maturity date of the note to July 15, 2019, agreed to forego certain monthly installments, and agreed prospective installments were to be paid in cash unless the Company elected to make payments in shares of the Company’s common stock, at a price equal to the lowest VWAP of the Company’s common stock during the preceding twenty trading days multiplied by 70%, or any lower price made available to any other holder of the Company’s securities. In consideration of these amendments, the Company incurred extension fees of $121. Because these amendments were considered substantive changes, the Company accounted for the modifications as extinguishments of debt and recorded a gain of $320 during the three months ended March 31, 2019.

On April 9, 2019, the Company entered an amendment to one of its May 2018 Notes, whereby the parties agreed to extend the maturity date of the note to August 15, 2019, agreed to forego certain monthly installments, and provided a substantial conversion feature allowing the lender, in its sole discretion, the right to convert prospective installments into shares of the Company’s common stock, at a price equal to the lowest intra-day price of the Company’s common stock during the preceding twenty trading days multiplied by 70%, or any lower price made available to any other holder of the Company’s securities. In consideration of this amendment, the Company incurred an extension fee of $50. Because this amendment was considered a substantive change, the Company accounted for this modification as an extinguishment of debt and recorded a gain of $127 during the three months ended June 30, 2019.

On May 10, 2019, the original holders of the Company’s May 2018 Notes assigned and sold all notes to Oasis Capital, LLC (“Oasis Capital”). On the same date, the Company and Oasis Capital executed a letter agreement to amend the terms to allow Oasis Capital to convert the total outstanding principal amount of $421 into shares of the Company’s common stock, at a price equal to the lowest trading price of the Company’s common stock during the preceding twenty trading days multiplied by 70%, or any lower price made available to any other holder of the Company’s securities. On May 15, 2019, Oasis executed a full conversion of the May 2018 Notes and was issued 10,568,087 shares of the Company’s common stock.

June 2018 Note

On June 1, 2018, the Company entered into a note purchase agreement with an accredited investor, pursuant to which the Company issued an unsecured promissory note in the amount of $3,600 (the “June 2018 Note”) for consideration of $3,000. The outstanding balance was to be made in nine equal monthly installments beginning August 1, 2018, with an initial maturity date of April 1, 2019, with no prepayment penalty. Upon an event of default, the outstanding balance of the promissory note shall immediately increase by 120% and become immediately due and payable. Prior to 2019, this note was amended twice.

On January 28, 2019, the Company entered a third amendment, whereby the parties agreed to extend the maturity date to October 1, 2019 and to forego certain monthly installments. The parties also agreed the Company would pay all installments in cash unless both the Company and the lender agreed to make payments in shares of the Company’s common stock, at a price equal the lowest intra-day trade price of the Company’s common stock during the preceding twenty trading days multiplied by 70%. In consideration of this amendment, the Company incurred an extension fee of $527. The Company accounted for this amendment as an extinguishment of debt and recorded a gain of $991 during the three months ended March 31, 2019.

On May 10, 2019, the Company entered a fourth amendment, allowing the lender to convert the total outstanding principal amount of $3,159 into shares of the Company’s common stock, at a price equal the lowest intra-day trade price of the Company’s common stock during the preceding twenty trading days multiplied by 70%, or any lower price made available to any other holder of the Company’s securities. This amendment also eliminated the Company’s mandatory monthly amortization payments and extended the maturity to December 15, 2019. After such date, and within 10 business days, any outstanding balance shall be satisfied, at the Company’s election, either with cash, common stock conversion, or any combination thereof. The Company accounted for this amendment as an extinguishment of debt and recorded a gain of $1,310 during the three months ended June 30, 2019.

On December 31, 2019, the Company entered a fifth amendment extending the maturity date to June 30, 2020 and deleting in its entirety, the requirement to settle the outstanding balance with cash, common stock conversion or any combination thereof, no later than December 15, 2019. An extension fee of $84 was added to the outstanding balance bringing the total outstanding principal balance to $929 as of December 31, 2019. The Company accounted for this amendment as an extinguishment of debt and recorded a gain of $792. In connection with recording the new debt, the Company recorded debt discount of $877 including both (i) the time of value money and (ii) the discount related to the conversion feature underlying the debt instrument.

During the three months ended March 31, 2020, the Company issued 32,747,157 shares of its common stock upon the conversion of $350 in outstanding principal, reducing the outstanding principal balance to $579 as of March 31, 2020.

The holder of the June 2018 Note also acquired 17,500,000 shares of the Company’s common stock on April 12, 2019, and is an affiliate of the acquirer of 160 shares of Series C Convertible Preferred Stock with a par value of $0.001 and a stated value of $10,000 per share (“Preferred Shares”) acquired during 2019, of which 115 Preferred Shares remain outstanding as of March 31, 2020. See Note 7 below for a further description of the Preferred Shares. The holder of the June 2018 Note and its affiliates are collectively subject to a maximum beneficial ownership of 9.99%.

December 2018 Note

On December 6, 2018, the Company entered into a note purchase agreement with an accredited investor, pursuant to which the Company issued an unsecured promissory note in the amount of $598 (the “December 2018 Note”) for consideration of $500, with an interest rate of 8% per annum and a maturity date of May 6, 2019. The note was paid in full in March 2019.

Notes payable consisted of the following:

As of March 31, 2020

Principal Discount Net

Total notes payable-June 2018 Note $ 579 $ (455 ) $ 124

As of December 31, 2019

Principal Discount Net

Total notes payable-June 2018 Note $ 929 $ (877 ) $ 52

During the three months ended March 31, 2020 and 2019, the Company recorded accretion of debt discount of $421 and $1,127, respectively.

X

- References
No definition available.
+ Details

Name: us-gaap_DebtDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI http://asc.fasb.org/topic&trid=2208564
+ Details

Name: us-gaap_DebtDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 36 R1.htm IDEA: XBRL DOCUMENT v3.20.1

Document And Entity Information - shares
3 Months Ended

Mar. 31, 2020

May 14, 2020

Document And Entity Information

Entity Registrant Name MGT CAPITAL INVESTMENTS, INC.

Entity Central Index Key 0001001601

Document Type 10-Q

Document Period End Date Mar. 31, 2020

Amendment Flag false

Current Fiscal Year End Date --12-31

Entity's Current Reporting Status Yes

Entity Interactive Data Current Yes

Entity Filer Category Non-accelerated Filer

Entity Small Business Flag true

Entity Emerging Growth Company false

Entity Shell Company false

Entity Common Stock, Shares Outstanding 462,931,961

Document Fiscal Period Focus Q1

Document Fiscal Year Focus 2020

X

- References
No definition available.
+ Details

Name: MGTI_DocumentAndEntityInformationAbstract

Namespace Prefix: MGTI_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
No definition available.
+ Details

Name: dei_AmendmentFlag

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- Definition
End date of current fiscal year in the format --MM-DD.
+ References
No definition available.
+ Details

Name: dei_CurrentFiscalYearEndDate

Namespace Prefix: dei_

Data Type: xbrli:gMonthDayItemType

Balance Type: na

Period Type: duration

X

- Definition
Fiscal period values are FY, Q1, Q2, and Q3. 1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.
+ References
No definition available.
+ Details

Name: dei_DocumentFiscalPeriodFocus

Namespace Prefix: dei_

Data Type: dei:fiscalPeriodItemType

Balance Type: na

Period Type: duration

X

- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.
+ References
No definition available.
+ Details

Name: dei_DocumentFiscalYearFocus

Namespace Prefix: dei_

Data Type: xbrli:gYearItemType

Balance Type: na

Period Type: duration

X

- Definition
The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.
+ References
No definition available.
+ Details

Name: dei_DocumentPeriodEndDate

Namespace Prefix: dei_

Data Type: xbrli:dateItemType

Balance Type: na

Period Type: duration

X

- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
No definition available.
+ Details

Name: dei_DocumentType

Namespace Prefix: dei_

Data Type: dei:submissionTypeItemType

Balance Type: na

Period Type: duration

X

- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityCentralIndexKey

Namespace Prefix: dei_

Data Type: dei:centralIndexKeyItemType

Balance Type: na

Period Type: duration

X

- Definition
Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.
+ References
No definition available.
+ Details

Name: dei_EntityCommonStockSharesOutstanding

Namespace Prefix: dei_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.
+ References
No definition available.
+ Details

Name: dei_EntityCurrentReportingStatus

Namespace Prefix: dei_

Data Type: dei:yesNoItemType

Balance Type: na

Period Type: duration

X

- Definition
Indicate if registrant meets the emerging growth company criteria.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityEmergingGrowthCompany

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- Definition
Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityFilerCategory

Namespace Prefix: dei_

Data Type: dei:filerCategoryItemType

Balance Type: na

Period Type: duration

X

- Definition
Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-T
-Number 232
-Section 405
+ Details

Name: dei_EntityInteractiveDataCurrent

Namespace Prefix: dei_

Data Type: dei:yesNoItemType

Balance Type: na

Period Type: duration

X

- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityRegistrantName

Namespace Prefix: dei_

Data Type: xbrli:normalizedStringItemType

Balance Type: na

Period Type: duration

X

- Definition
Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityShellCompany

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- Definition
Indicates that the company is a Smaller Reporting Company (SRC).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntitySmallBusiness

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

XML 37 R15.htm IDEA: XBRL DOCUMENT v3.20.1

Commitments and Contingencies
3 Months Ended

Mar. 31, 2020

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Note 9. Commitments and Contingencies

Bitcoin Production Equipment and Operations

On August 14, 2018, the Company entered a collaborative venture with Bit5ive, LLC to develop a fully contained crypto currency mining pod (the “POD5 Agreement”) for a term of five years. Pursuant to the POD5 Agreement, the Company assists with the design and development of the POD5 Containers. The Company retains naming rights to the pods and receives royalty payments from Bit5ive, LLC in exchange for providing capital as well as engineering and design expertise. During the three months ended March 31, 2020 and 2019, the Company received royalties and recognized revenue under this agreement of $3 and $0, respectively.

Electricity Contract

In June 2019, the Company entered into a two-year contract for electric power with the City of Lafayette, Georgia, a municipal corporation of the State of Georgia (“the City”). The Company makes monthly payments based upon electricity consumed, at a negotiated kilowatt per hour rate, inclusive of transmission charges and exclusive of state and local sales taxes. Over time, the Company is entitled to utilize a load of 10 megawatts. For each month, the Company estimates its expected electric load, and should the actual load drop below 90% of this estimate, the City reserves the right to impose a modest penalty to the hourly kilowatt rate for electricity consumed.

In connection with this agreement, the Company paid a $154 security deposit and such amount is classified as Other Assets in the Company’s consolidated balance sheet as of March 31, 2020.

Management Agreement Termination Liability

On August 31, 2019, the Company entered into two Settlement and Termination Agreements (the “Settlement Agreements”) to management agreements it entered in 2017 with two accredited investors (together the “Users”). Under the terms of the Settlement Agreements, the Company will pay the Users a percentage of profits (“Settlement Distribution”) of Bitcoin mining as defined in the Settlement Agreements. The estimated present value of the Settlement Distributions of $337 was recorded as termination expense with an offsetting liability on August 31, 2019. Since two of the components of the Settlement Distribution, Bitcoin price and Difficulty Rate, as defined in the Settlement Agreements, are based on market conditions, the liability will be adjusted to fair value on a quarterly basis and any changes will be recorded in the statement of operations. As such, the liability is considered a Level 3 financial instrument. During 2019, the Company recognized a gain on the change in the fair value of $176 based on the change of Bitcoin price and Difficulty Rate, and along with the monthly Settlement Distributions valued at $45, the liability was reduced to $116 as of December 31, 2019. During the three months ended March 31, 2020, the Company recognized a gain on the change in the fair value of $15 based on the change of Bitcoin price and Difficulty Rate, and along with the monthly Settlement Distributions valued at $43, the liability was reduced to $58 as of March 31, 2020. Based on the terms of the Settlement Agreements, Settlement Distributions are scheduled to terminate on September 30, 2020.

Legal

The Company has resolved a number of shareholder derivative actions pending in state and federal courts.

On January 24, 2017, the Company was served with a summons and complaint filed by plaintiff shareholder Atul Ojha in New York state court against certain officers and directors of the Company and naming the Company as a nominal defendant. The lawsuit is styled as a derivative action (the “Ojha Derivative Action”) and was originally filed (but not served on any defendant) on October 15, 2016. The Ojha Derivative Action substantively alleges that the defendants, collectively or individually, inadequately managed the business and assets of the Company resulting in the deterioration of the Company’s financial condition. The Ojha Derivative Action asserts claims including, but not limited to, breach of fiduciary duties, unjust enrichment and waste of corporate assets.

On December 12, 2018, a shareholder derivative action was filed by shareholder Bob Thomas against certain current and former directors, officers and shareholders of the Company, and naming the Company as a nominal defendant, in New York state court, alleging breach of fiduciary duties, unjust enrichment, abuse of control, gross mismanagement, and waste and seeking declaratory relief and damages (the “Thomas Derivative Action”). The underlying allegations in the Thomas Derivative Action largely repeat the allegations of wrongdoing in the 2018 Securities Class Actions, as defined in the Company’s 2019 Form 10-K filed with the SEC on March 30, 2020.

On April 23, 2020, the Company entered into a stipulation of settlement (the “Stipulation”) in connection with the Ojha Derivative Action and the Thomas Derivative Action (together, the “Derivative Actions”). The consideration for the settlement of the Derivative Actions is as follows: (i) adoption by the Company of certain corporate governance reforms, the terms of which are fully set forth in Exhibits A and B to the Stipulation; (ii) Robert B. Ladd, H. Robert Holmes, Michael Onghai, and Nolan Bushnell shall collectively pay or cause to be paid $75 to the Company; and (iii) Barry C. Honig, John Stetson, Michael Brauser, John O’Rourke III, and Mark Groussman shall collectively pay or cause to be paid $150 to the Company. Further, the Company shall, subject to court approval, pay a fee and expense award to plaintiffs’ counsel in the Derivative Actions of $150 and service awards to each of the two plaintiffs in the Derivative Actions of $1.5 each, to be paid from the fee and expense award. On April 24, 2020, the New York state court entered an order preliminarily approving the Stipulation and the settlement contemplated therein and providing for the notice of the settlement to be made to current MGT Stockholders. The Preliminary Approval Order further provides that the Court will hold a hearing on the settlement on June 26, 2020. On May 4, 2020, pursuant to the Preliminary Approval Order, MGT provided notice of the settlement on its website, by press release and by filing a Form 8-K with the Securities and Exchange Commission.

On August 28, 2019, a shareholder derivative action was filed by shareholder Tyler Tomczak against the certain directors, officers and shareholders of the Company, and naming the Company as a nominal defendant, in the United States District Court for the Southern District of New York, alleging breach of fiduciary duties, waste and unjust enrichment and seeking declaratory relief and damages (the “Tomczak Derivative Action”). The underlying allegations in the Tomczak Derivative Action largely repeat the allegations of wrongdoing in the 2018 Securities Class Actions.

On September 11, 2019, a shareholder derivative action was filed by shareholder Arthur Aviles against certain directors, officers and shareholders of the Company, and naming the Company as a nominal defendant, in the United States District Court for the District of Delaware, alleging breach of fiduciary duties, waste and unjust enrichment and seeking declaratory relief and damages (the “Aviles Derivative Action”). The underlying allegations in the Aviles Derivative Action largely repeat the allegations of wrongdoing in the 2018 Securities Class Actions.

On May 7, 2020, the Company entered into a stipulation of settlement (the “Federal Stipulation”) in connection with the Tomczak Derivative Action and the Aviles Derivative Action (together, the “Federal Derivative Actions”). The consideration for the settlement of the Federal Derivative Actions is as follows: (i) adoption by the Company of a certain corporate governance reform, the terms of which are fully set forth in Exhibit A to the Federal Stipulation; and (ii) Robert B. Ladd, H. Robert Holmes, and Michael Onghai shall collectively pay or cause to be paid $65 to the Company. Further, the Company shall, subject to court approval, pay a fee and expense award to plaintiffs’ counsel in the Federal Derivative Actions of $30 and incentive awards to each of the two plaintiffs in the Federal Derivative Actions of $.4 each. The parties to the Federal Stipulation presently intend to file the Federal Stipulation with the appropriate federal court after final approval of the settlement of the two state Derivative Actions referred to above.

In November 2018, the Company’s board received a shareholder demand letter dated November 6, 2018, from shareholders Nicholas Fulton and Kelsey Thacker (the “Fulton Demand”). The Fulton Demand referenced the SEC Action, as defined in the Company’s 2019 Form 10-K filed with the SEC on March 30, 2020, and the allegations therein, and demanded that the board take action to investigate, address and remedy the allegations raised in the SEC Action. Shortly after the New York state court entered the order preliminarily approving the stipulation of settlement in connection with the Ojha Derivative Action and the Thomas Derivative Action, counsel for the Company informed counsel for shareholders Nicholas Fulton and Kelsey Thacker of that stipulation of settlement and of counsel for the Company’s view that the releases in the settlement covered the matters raised in the Fulton Demand.

X

- References
No definition available.
+ Details

Name: us-gaap_CommitmentsAndContingenciesDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for commitments and contingencies.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-URI http://asc.fasb.org/topic&trid=2127136

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 440
-URI http://asc.fasb.org/topic&trid=2144648

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 440
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=121559207&loc=d3e25336-109308

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 440
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121559207&loc=d3e25336-109308
+ Details

Name: us-gaap_CommitmentsAndContingenciesDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 38 R5.htm IDEA: XBRL DOCUMENT v3.20.1

Condensed Consolidated Statements of Changes in Stockholders' (Deficit) Equity (Unaudited) - USD ($)
$ in Thousands

Preferred Stock [Member]

Common Stock [Member]

Additional Paid-In Capital [Member]

Subscription Receivable [Member]

Accumulated Deficit [Member]

Total

Balance at Dec. 31, 2018 $ 111 $ 403,299 $ (404,719) $ (1,309)

Balance, shares at Dec. 31, 2018 111,079,683

Stock based compensation 894 894

Stock based compensation, shares

Stock issued for services 60 60

Stock issued for services, shares 160,500

Sale of stock under equity purchase agreement $ 43 2,111 (346) 1,808

Sale of stock under equity purchase agreement, shares 43,100,000

Cumulative effect adjustment related to ASU adoption 3 3

Net loss (1,709) (1,709)

Balance at Mar. 31, 2019 $ 154 406,364 (346) (406,425) (253)

Balance, shares at Mar. 31, 2019 154,340,183

Balance at Dec. 31, 2019 $ 414 417,315 (414,502) 3,227

Balance, shares at Dec. 31, 2019 115 413,701,289

Stock-based compensation - employee restricted stock 220 220

Stock-based compensation - employee restricted stock, shares

Common stock issued on conversion of note payable $ 33 317 350

Common stock issued on conversion of note payable, shares 32,747,157

Net loss (1,324) (1,324)

Balance at Mar. 31, 2020 $ 447 $ 417,852 $ (415,826) $ 2,473

Balance, shares at Mar. 31, 2020 115 446,448,446

X

- Definition
Amount of the cumulative effect on retained earnings net of related income tax effect.
+ References
No definition available.
+ Details

Name: MGTI_CumulativeEffectOnRetainedEarningsNetOfTax

Namespace Prefix: MGTI_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Sale of stock in connection with equity purchase agreement.
+ References
No definition available.
+ Details

Name: MGTI_SaleOfStockInConnectionWithEquityPurchaseAgreement

Namespace Prefix: MGTI_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Sale of stock in connection with equity purchase agreement,shares.
+ References
No definition available.
+ Details

Name: MGTI_SaleOfStockInConnectionWithEquityPurchaseAgreementshares

Namespace Prefix: MGTI_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Common stock issued on conversion of notes payable.
+ References
No definition available.
+ Details

Name: MGTI_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities1

Namespace Prefix: MGTI_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Common stock issued on conversion of notes payable.
+ References
No definition available.
+ Details

Name: MGTI_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities1

Namespace Prefix: MGTI_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669619-108580

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22595-107794

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669625-108580

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3602-108585

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22663-107794

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14064-108612

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121326447&loc=SL5780133-109256

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22658-107794
+ Details

Name: us-gaap_NetIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Number of shares issued which are neither cancelled nor held in the treasury.
+ References
No definition available.
+ Details

Name: us-gaap_SharesOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Number of shares issued in lieu of cash for services contributed to the entity. Number of shares includes, but is not limited to, shares issued for services contributed by vendors and founders.
+ References
No definition available.
+ Details

Name: us-gaap_StockIssuedDuringPeriodSharesIssuedForServices

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Total number of shares issued during the period, including shares forfeited, as a result of Restricted Stock Awards.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770
+ Details

Name: us-gaap_StockIssuedDuringPeriodSharesRestrictedStockAwardGross

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Number, after forfeiture, of shares or units issued under share-based payment arrangement. Excludes shares or units issued under employee stock ownership plan (ESOP).
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682
+ Details

Name: us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Value of stock issued in lieu of cash for services contributed to the entity. Value of the stock issued includes, but is not limited to, services contributed by vendors and founders.
+ References
No definition available.
+ Details

Name: us-gaap_StockIssuedDuringPeriodValueIssuedForServices

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Aggregate value of stock related to Restricted Stock Awards issued during the period.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644
+ Details

Name: us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardGross

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Value, after forfeiture, of shares issued under share-based payment arrangement. Excludes employee stock ownership plan (ESOP).
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)(1)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901
+ Details

Name: us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 4.E)
-URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(31))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14064-108612

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571
+ Details

Name: us-gaap_StockholdersEquity

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

XML 39 R9.htm IDEA: XBRL DOCUMENT v3.20.1

Summary of Significant Accounting Policies
3 Months Ended

Mar. 31, 2020

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Note 3. Summary of Significant Accounting Policies

Principles of consolidation

The unaudited condensed consolidated financial statements include the accounts of MGT and MGT Sweden AB. All intercompany transactions and balances have been eliminated.

Reclassification

Certain amounts in prior periods have been reclassified to conform to current period presentation. These reclassifications had no effect on the previously reported net loss.

Use of estimates and assumptions and critical accounting estimates and assumptions

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the financial statements, and also affect the amounts of revenues and expenses reported for each period. Actual results could differ from those which result from using such estimates. Management utilizes various other estimates, including but not limited to determining the estimated lives of long-lived assets, stock compensation, determining the potential impairment of long-lived assets, the fair value of warrants issued, the fair value of conversion features, the recognition of revenue, the valuation allowance for deferred tax assets and other legal claims and contingencies. The results of any changes in accounting estimates are reflected in the financial statements in the period in which the changes become evident. Estimates and assumptions are reviewed periodically, and the effects of revisions are reflected in the period that they are determined to be necessary.

Revenue recognition

The Company’s primary revenue stream is related to the mining of digital currencies. The Company derives its revenue by solving “blocks” to be added to the blockchain and providing transaction verification services within the digital currency network of Bitcoin, commonly termed “cryptocurrency mining.” In consideration for these services, the Company receives digital currency (“Coins”). The Coins are recorded as revenue, using the average spot price of Bitcoin on the date of receipt. The Coins are recorded on the balance sheet as an intangible digital asset valued at the lower of cost or net realizable value. Net realizable value adjustments, to adjust the value of Coins to market value, are included in cost of revenue on the Company’s consolidated statement of operations. Further, any gain or loss on the sale of Coins would be recorded to costs of revenue. Costs of revenue include electricity costs, equipment and infrastructure depreciation, and net realizable value adjustments. During 2019, costs of revenues also included hosting fees based on third-party hosting agreements, all of which were terminated as of December 31, 2019.

The Company also recognizes a royalty participation upon the sale of Pod5ive Containers by Bit5ive LLC under the terms of a collaboration agreement entered in August 2018.

Property and Equipment

Property and equipment are stated at cost less accumulated depreciation. Depreciation is calculated using the straight–line method on the various asset classes over their estimated useful lives, which range from one to ten years when placed in service. The cost of repairs and maintenance is expensed as incurred; major replacements and improvements are capitalized. When assets are retired or disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gains or losses are included in income in the year of disposition. Deposits on property and equipment are initially classified as Other Assets and upon delivery, installation and full payment, the assets are classified as property and equipment on the consolidated balance sheet.

Income taxes

The Company accounts for income taxes in accordance with ASC 740, “Income Taxes”. ASC 740 requires an asset and liability approach for financial accounting and reporting for income taxes and established for all the entities a minimum threshold for financial statement recognition of the benefit of tax positions and requires certain expanded disclosures. The provision for income taxes is based upon income or loss after adjustment for those permanent items that are not considered in the determination of taxable income. Deferred income taxes represent the tax effects of differences between the financial reporting and tax basis of the Company’s assets and liabilities at the enacted tax rates in effect for the years in which the differences are expected to reverse. The Company evaluates the recoverability of deferred tax assets and establishes a valuation allowance when it is more likely than not that some portion or all the deferred tax assets will not be realized. Management makes judgments as to the interpretation of the tax laws that might be challenged upon an audit and cause changes to previous estimates of tax liability. In management’s opinion, adequate provisions for income taxes have been made. If actual taxable income by tax jurisdiction varies from estimates, additional allowances or reversals of reserves may be necessary.

Loss per share

Basic loss per share is calculated by dividing net loss applicable to common shareholders by the weighted average number of common shares outstanding during the period. Diluted loss per share is calculated by dividing the net loss attributable to common shareholders by the sum of the weighted average number of common shares outstanding plus potential dilutive common shares outstanding during the period. Potential dilutive securities, comprised of unvested restricted shares, convertible debt, convertible preferred stock, stock warrants and stock options, are not reflected in diluted net loss per share because such potential shares are anti–dilutive due to the Company’s net loss.

Accordingly, the computation of diluted loss per share for the three months ended March 31, 2020 excludes 266,667 unvested restricted shares, 68,904,286 shares issuable upon the conversion of convertible debt, and 126,373,626 shares issuable under convertible preferred stock. The computation of diluted loss per share for the three months ended March 31, 2019 excludes 2,650,001 unvested restricted shares, 6,000,000 shares issuable under stock options, 100,743,629 shares issuable upon conversion of convertible debt, and 5,477,975 shares issuable under warrants.

Stock–based compensation

The Company recognizes compensation expense for all equity–based payments in accordance with ASC 718 “Compensation – Stock Compensation”. Under fair value recognition provisions, the Company recognizes equity–based compensation net of an estimated forfeiture rate and recognizes compensation cost only for those shares expected to vest over the requisite service period of the award.

Restricted stock awards are granted at the discretion of the compensation committee of the board of directors of the Company (the “Board of Directors”). These awards are restricted as to the transfer of ownership and generally vest over the requisite service periods, typically over a 12 to 24-month period (vesting on a straight–line basis). The fair value of a stock award is equal to the fair market value of a share of the Company’s common stock on the grant date.

The fair value of an option award is estimated on the date of grant using the Black–Scholes option valuation model. The Black–Scholes option valuation model requires the development of assumptions that are inputs into the model. These assumptions are the expected stock volatility, the risk–free interest rate, the expected life of the option, the dividend yield on the underlying stock and the expected forfeiture rate. Expected volatility is calculated based on the historical volatility of the Company’s common stock over the expected term of the option. Risk–free interest rates are calculated based on continuously compounded risk–free rates for the appropriate term.

Determining the appropriate fair value model and calculating the fair value of equity–based payment awards requires the input of the subjective assumptions described above. The assumptions used in calculating the fair value of equity–based payment awards represent management’s best estimates, which involve inherent uncertainties and the application of management’s judgment. The Company is required to estimate the expected forfeiture rate and recognize expense only for those shares expected to vest.

The Company accounts for share–based payments granted to non–employees in accordance with ASC 505–50, “Equity Based Payments to Non–Employees.” The Company determines the fair value of the stock–based payment as either the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more readily determinable. If the fair value of the equity instruments issued is used, it is measured using the stock price and other measurement assumptions as of the earlier of either (1) the date at which a commitment for performance by the counterparty to earn the equity instruments is reached, or (2) the date at which the counterparty’s performance is complete.

Fair Value Measure and Disclosures

ASC 820 “Fair Value Measurements and Disclosures” provides the framework for measuring fair value. That framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

Fair value is defined as an exit price, representing the amount that would be received upon the sale of an asset or payment to transfer a liability in an orderly transaction between market participants. Fair value is a market-based measurement that is determined based on assumptions that market participants would use in pricing an asset or liability. A three-tier fair value hierarchy is used to prioritize the inputs in measuring fair value as follows:

● Level 1 Quoted prices in active markets for identical assets or liabilities.

● Level 2 Quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable, either directly or indirectly.

● Level 3 Significant unobservable inputs that cannot be corroborated by market data.

As of March 31, 2020, the Company had a Level 3 financial instrument related to the management agreement termination liability. Observable transactions are not available to aid in determining the fair value of the management agreement termination liability. Therefore, the fair value was determined based on the remaining payments which include two components that are based on market conditions, Bitcoin price and Difficulty Rate, thus requiring the liability to be adjusted to fair value on a periodic basis. The fair value of Bitcoin price and Difficulty Rate are obtained on quoted prices in active markets.

Gain (Loss) on Modification/Extinguishment of Debt

In accordance with ASC 470, a modification or an exchange of debt instruments that adds or eliminates a conversion option that was substantive at the date of the modification or exchange is considered a substantive change and is measured and accounted for as extinguishment of the original instrument along with the recognition of a gain/loss. Additionally, under ASC 470, a substantive modification of a debt instrument is deemed to have been accomplished with debt instruments that are substantially different if the present value of the cash flows under the terms of the new debt instrument is at least 10 percent different from the present value of the remaining cash flows under the terms of the original instrument. A substantive modification is accounted for as an extinguishment of the original instrument along with the recognition of a gain/loss.

Cash and cash equivalents

The Company considers all highly liquid instruments with an original maturity of three months or less when acquired to be cash equivalents. The Company’s combined accounts were $18 and $216 as of March 31, 2020 and December 31, 2019, respectively. Since the FDIC’s insurance coverage is for combined account balances that do not exceed $250, there is no concentration of credit risks.

Recent accounting pronouncements

Management does not believe that any recently issued, but not yet effective accounting pronouncements, when adopted, will have a material effect on the accompanying consolidated financial statements, other than those disclosed below.

Equity-linked instruments

The Company accounts for equity-linked instruments with certain anti-dilution provisions in accordance with ASC 815 and ASC 260. Under this guidance, the Company excludes instruments with certain down round features when determining whether a financial instrument (or embedded conversion feature) is considered indexed to the Company’s own stock. As a result, financial instruments (or embedded conversion features) with down round features are not required to be classified as derivative liabilities. The Company recognizes the value of a down round feature only when it is triggered and the exercise or conversion price has been adjusted downward. For equity-classified freestanding financial instruments, such as warrants, the Company treats the value of the effect of the down round, when triggered, as a deemed dividend and a reduction of income available to common stockholders in computing basic earnings per share. For convertible instruments with embedded conversion features containing down round provisions, the Company recognizes the value of the down round as a beneficial conversion discount to be amortized to earnings.

Impairment of long-lived assets

Long-lived assets are reviewed for impairment whenever facts or circumstances either internally or externally may suggest that the carrying value of an asset may not be recoverable, Should there be an indication of impairment, we test for recoverability by comparing the estimated undiscounted future cash flows expected to result from the use of the asset to the carrying amount of the asset or asset group. Any excess of the carrying value of the asset or asset group over its estimated fair value is recognized as an impairment loss.

Management’s evaluation of subsequent events

The Company evaluates events that have occurred after the balance sheet date but before the financial statements are issued. Based upon the review, other than what is described in Note 11 – Subsequent Events, the Company did not identify any recognized or non-recognized subsequent events that would have required adjustment or disclosure in the unaudited condensed consolidated financial statements.

X

- References
No definition available.
+ Details

Name: us-gaap_AccountingPoliciesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for all significant accounting policies of the reporting entity.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-URI http://asc.fasb.org/topic&trid=2122369
+ Details

Name: us-gaap_SignificantAccountingPoliciesTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 40 R19.htm IDEA: XBRL DOCUMENT v3.20.1

Property, Plant, and Equipment and Other Assets (Tables)
3 Months Ended

Mar. 31, 2020

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment

Property and equipment consisted of the following:

As of

March 31, 2020 December 31, 2019

Land $ 57 $ 57

Computer hardware and software 10 10

Bitcoin mining machines 2,313 2,313

Infrastructure 998 771

Containers 782 467

Leasehold improvements 4 -

Property and equipment, gross 4,164 3,618

Less: Accumulated depreciation (424 ) (82 )

Property and equipment, net $ 3,740 $ 3,536

Schedule of Other Assets

Other Assets consisted of the following:

As of

March 31, 2020 December 31, 2019

Deposits on containers $ - $ 203

Security deposits 157 118

Other Assets $ 157 $ 321

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
Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(13))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229
+ Details

Name: us-gaap_PropertyPlantAndEquipmentTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of the carrying amounts of other assets. This disclosure includes other current assets and other noncurrent assets.
+ References
No definition available.
+ Details

Name: us-gaap_ScheduleOfOtherAssetsTableTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 41 R23.htm IDEA: XBRL DOCUMENT v3.20.1

Going Concern and Management's Plans (Details Narrative) - USD ($)
$ in Thousands

May 14, 2020

Mar. 31, 2020

Dec. 31, 2019

Accumulated deficit $ (415,826) $ (414,502)

Cash and cash equivalents $ 18 $ 216

Subsequent Event [Member]

Cash and cash equivalents $ 65

X

- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3044-108585

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121566466&loc=d3e6676-107765

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.1)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682
+ Details

Name: us-gaap_CashAndCashEquivalentsAtCarryingValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30)(a)(3))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 65
-Paragraph 15
-Subparagraph (g)(2)
-URI http://asc.fasb.org/extlink&oid=121322162&loc=SL121327923-165333

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(23)(a)(4))
-URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 65
-Paragraph 2
-Subparagraph (h)(2)
-URI http://asc.fasb.org/extlink&oid=121370832&loc=SL117420844-207641

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(i)
-URI http://asc.fasb.org/extlink&oid=121370832&loc=SL117420844-207641
+ Details

Name: us-gaap_RetainedEarningsAccumulatedDeficit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Details

Name: us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 42 R27.htm IDEA: XBRL DOCUMENT v3.20.1

Property, Plant, and Equipment and Other Assets - Schedule of Other Assets (Details) - USD ($)
$ in Thousands

Mar. 31, 2020

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

Deposits on containers $ 203

Security deposits 157 118

Other Assets $ 157 $ 321

X

- Definition
Deposits on containers.
+ References
No definition available.
+ Details

Name: MGTI_DepositsOnContainersNoncurrent

Namespace Prefix: MGTI_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Carrying value of amounts transferred to third parties for security purposes that are expected to be returned or applied towards payment after one year or beyond the operating cycle, if longer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.17)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682
+ Details

Name: us-gaap_DepositsAssetsNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of noncurrent assets classified as other.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.17)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682
+ Details

Name: us-gaap_OtherAssetsNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_PropertyPlantAndEquipmentAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 43 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 45 R22.htm IDEA: XBRL DOCUMENT v3.20.1

Stock-Based Compensation (Tables)
3 Months Ended

Mar. 31, 2020

Share-based Payment Arrangement [Abstract]

Schedule of Restricted Common Stock Activity

The Company’s activity in restricted common stock was as follows for the three months ended March 31, 2020:

Number of shares Weighted average
grant date fair
value

Non–vested at January 1, 2020 650,000 $ 1.24

Granted - $ -

Vested (383,333 ) $ 1.46

Non–vested at March 31, 2020 266,667 $ 0.94

X

- References
No definition available.
+ Details

Name: us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of the changes in outstanding nonvested restricted stock units.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901
+ Details

Name: us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 46 R26.htm IDEA: XBRL DOCUMENT v3.20.1

Property, Plant, and Equipment and Other Assets - Schedule of Property and Equipment (Details) - USD ($)
$ in Thousands

Mar. 31, 2020

Dec. 31, 2019

Property and equipment, gross $ 4,164 $ 3,618

Less: Accumulated depreciation (424) (82)

Property and equipment, net 3,740 3,536

Land [Member]

Property and equipment, gross 57 57

Computer Hardware and Software [Member]

Property and equipment, gross 10 10

Bitcoin Mining Machines [Member]

Property and equipment, gross 2,313 2,313

Infrastructure [Member]

Property and equipment, gross 998 771

Containers [Member]

Property and equipment, gross 782 467

Leasehold Improvements [Member]

Property and equipment, gross $ 4

X

- Definition
Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.14)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682
+ Details

Name: us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.13)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682
+ Details

Name: us-gaap_PropertyPlantAndEquipmentGross

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(14))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(8))
-URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(13))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682
+ Details

Name: us-gaap_PropertyPlantAndEquipmentNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Details

Name: us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_LandMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_ComputerEquipmentMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_PropertyPlantAndEquipmentByTypeAxis=MGTI_BitcoinMiningMachinesMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_PropertyPlantAndEquipmentByTypeAxis=MGTI_InfrastructureMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_ContainersMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_LeaseholdImprovementsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 47 R37.htm IDEA: XBRL DOCUMENT v3.20.1

Subsequent Events (Details Narrative) - USD ($)
$ in Thousands

May 11, 2020

May 07, 2020

Apr. 16, 2020

Apr. 12, 2019

Mar. 31, 2020

Dec. 31, 2019

Jun. 01, 2018

Conversion of stock shares converted 200,000

June 2018 Note [Member]

Notes payable $ 3,000

Debt instrument, face value $ 579 $ 929 $ 3,600

Subsequent Event [Member]

Description of bitcoin On May 11, 2020, the third Halving, described below, occurred, revising the reward payout to 6.25 Bitcoin per block, from the previous reward payout of 12.5 Bitcoin per block The supply of Bitcoin is finite. Once 21 million Bitcoin are generated, the network will stop producing more. Currently, there are approximately 18 million Bitcoin in circulation, or 85% of the total supply of Bitcoin. Within the Bitcoin protocol is an event referred to as Halving where the Bitcoin reward provided upon mining a block is reduced by 50%. Halvings are scheduled to occur once every 210,000 blocks, or roughly every four years, until the maximum supply of 21 million Bitcoin is reached.

Subsequent Event [Member] | Promissory Note [Member] | Aquesta Bank [Member]

Debt instrument, face value $ 108

Debt instrument, interest rate 1.00%

Debt, maturity date Apr. 01, 2022

Subsequent Event [Member] | Promissory Note [Member] | Aquesta Bank [Member] | Maximum [Member]

Debt forgiven amount, percentage 25.00%

Subsequent Event [Member] | Promissory Note [Member] | Aquesta Bank [Member] | November 1, 2020 [Member]

Debt, monthly payments $ 6

Subsequent Event [Member] | June 2018 Note [Member]

Notes payable $ 150,000

Conversion of stock shares converted 16,483,516

Outstanding prinicipal $ 429

X

- Definition
Debt forgiven amount, percentage.
+ References
No definition available.
+ Details

Name: MGTI_DebtForgivenAmountPercentage

Namespace Prefix: MGTI_

Data Type: num:percentItemType

Balance Type: na

Period Type: duration

X

- Definition
Description of bitcoin.
+ References
No definition available.
+ Details

Name: MGTI_DescriptionOfBitcoin

Namespace Prefix: MGTI_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The number of shares converted in a noncash (or part noncash) transaction. Noncash is defined as transactions during a period that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=121583591&loc=d3e4313-108586

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=121583591&loc=d3e4304-108586

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121583591&loc=d3e4332-108586
+ Details

Name: us-gaap_ConversionOfStockSharesConverted1

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Face (par) amount of debt instrument at time of issuance.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28551-108399

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400
+ Details

Name: us-gaap_DebtInstrumentFaceAmount

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Contractual interest rate for funds borrowed, under the debt agreement.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22(a)(1))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682
+ Details

Name: us-gaap_DebtInstrumentInterestRateStatedPercentage

Namespace Prefix: us-gaap_

Data Type: num:percentItemType

Balance Type: na

Period Type: instant

X

- Definition
Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22(a)(2))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258
+ Details

Name: us-gaap_DebtInstrumentMaturityDate

Namespace Prefix: us-gaap_

Data Type: xbrli:dateItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of the required periodic payments including both interest and principal payments.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823
+ Details

Name: us-gaap_DebtInstrumentPeriodicPayment

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of the required periodic payments applied to principal.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682
+ Details

Name: us-gaap_DebtInstrumentPeriodicPaymentPrincipal

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(16))
-URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(16))
-URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878
+ Details

Name: us-gaap_NotesPayable

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Details

Name: us-gaap_ShortTermDebtTypeAxis=MGTI_JuneTwoThousandEighteenNoteMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_DebtInstrumentAxis=MGTI_PromissoryNoteMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: dei_LegalEntityAxis=MGTI_AquestaBankMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_RangeAxis=srt_MaximumMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_AwardDateAxis=MGTI_NovemberOneTwoThousandTwentyMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 48 R33.htm IDEA: XBRL DOCUMENT v3.20.1

Stock-Based Compensation (Details Narrative) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended

Mar. 31, 2020

Mar. 31, 2019

Dec. 31, 2019

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Stock based compensation $ 220 $ 949

Stock option. weighted average grant date fair value

Stock Option [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based payment award, options, outstanding, number 6,000,000

Stock option, weighted average exercise price $ 0.71

Stock option. weighted average grant date fair value $ 1.29

Employee and Director [Member] | Selling General and Administrative Expenses [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Stock based compensation $ 220 $ 894

Unamortized stock-based compensation costs $ 3

Share based compensation of weighted average period term 2 months 19 days

X

- Definition
Unamortized stock-based compensation costs.
+ References
No definition available.
+ Details

Name: MGTI_UnamortizedStockbasedCompensationCosts

Namespace Prefix: MGTI_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of noncash expense for share-based payment arrangement.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3602-108585
+ Details

Name: us-gaap_ShareBasedCompensation

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The weighted average grant-date fair value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)(1)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901
+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
Number of options outstanding, including both vested and non-vested options.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(i)-(ii)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901
+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(i)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901
+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
Weighted average remaining contractual term for option awards outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)(1)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901
+ Details

Name: us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2

Namespace Prefix: us-gaap_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_DerivativeInstrumentRiskAxis=us-gaap_StockOptionMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_TitleOfIndividualAxis=MGTI_EmployeeAndDirectorMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_IncomeStatementLocationAxis=us-gaap_SellingGeneralAndAdministrativeExpensesMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 49 R8.htm IDEA: XBRL DOCUMENT v3.20.1

Going Concern and Management's Plans
3 Months Ended

Mar. 31, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Going Concern and Management's Plans

Note 2. Going Concern and Management’s Plans

The accompanying unaudited condensed consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As of March 31, 2020, the Company had incurred significant operating losses since inception and continues to generate losses from operations. As of March 31, 2020, the Company had an accumulated deficit of $415,826. As of March 31, 2020, and May 14, 2020, MGT’s cash and cash equivalents were $18 and $65, respectively.

In January 2020, management completed the initial phase of its plan to consolidate its activities in Company-owned and managed facilities, executing on its expansion model to secure low cost power and grow its cryptocurrency assets. The Company will need to raise additional funding to grow its operations and to pay current maturities of debt. There can be no assurance however that the Company will be able to raise additional capital when needed, or at terms deemed acceptable, if at all. The Company’s ability to raise additional capital will also be impacted by the volatility of Bitcoin and the recent outbreak of COVID-19, both of which are highly uncertain, cannot be predicted and could have an adverse effect on the Company’s business and financial condition. Such factors raise substantial doubt about the Company’s ability to sustain operations for at least one year from the issuance of these unaudited condensed consolidated financial statements. The accompanying unaudited condensed consolidated financial statements do not include any adjustments related to the recoverability and classification of asset amounts or the classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

X

- References
No definition available.
+ Details

Name: us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure when substantial doubt is raised about the ability to continue as a going concern. Includes, but is not limited to, principal conditions or events that raised substantial doubt about the ability to continue as a going concern, management's evaluation of the significance of those conditions or events in relation to the ability to meet its obligations, and management's plans that alleviated or are intended to mitigate the conditions or events that raise substantial doubt about the ability to continue as a going concern.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 40
-URI http://asc.fasb.org/subtopic&trid=51888271
+ Details

Name: us-gaap_SubstantialDoubtAboutGoingConcernTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 50 R18.htm IDEA: XBRL DOCUMENT v3.20.1

Summary of Significant Accounting Policies (Policies)
3 Months Ended

Mar. 31, 2020

Accounting Policies [Abstract]

Principles of Consolidation

Principles of consolidation

The unaudited condensed consolidated financial statements include the accounts of MGT and MGT Sweden AB. All intercompany transactions and balances have been eliminated.

Reclassification

Reclassification

Certain amounts in prior periods have been reclassified to conform to current period presentation. These reclassifications had no effect on the previously reported net loss.

Use of Estimates and Assumptions and Critical Accounting Estimates and Assumptions

Use of estimates and assumptions and critical accounting estimates and assumptions

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the financial statements, and also affect the amounts of revenues and expenses reported for each period. Actual results could differ from those which result from using such estimates. Management utilizes various other estimates, including but not limited to determining the estimated lives of long-lived assets, stock compensation, determining the potential impairment of long-lived assets, the fair value of warrants issued, the fair value of conversion features, the recognition of revenue, the valuation allowance for deferred tax assets and other legal claims and contingencies. The results of any changes in accounting estimates are reflected in the financial statements in the period in which the changes become evident. Estimates and assumptions are reviewed periodically, and the effects of revisions are reflected in the period that they are determined to be necessary.

Revenue Recognition

Revenue recognition

The Company’s primary revenue stream is related to the mining of digital currencies. The Company derives its revenue by solving “blocks” to be added to the blockchain and providing transaction verification services within the digital currency network of Bitcoin, commonly termed “cryptocurrency mining.” In consideration for these services, the Company receives digital currency (“Coins”). The Coins are recorded as revenue, using the average spot price of Bitcoin on the date of receipt. The Coins are recorded on the balance sheet as an intangible digital asset valued at the lower of cost or net realizable value. Net realizable value adjustments, to adjust the value of Coins to market value, are included in cost of revenue on the Company’s consolidated statement of operations. Further, any gain or loss on the sale of Coins would be recorded to costs of revenue. Costs of revenue include electricity costs, equipment and infrastructure depreciation, and net realizable value adjustments. During 2019, costs of revenues also included hosting fees based on third-party hosting agreements, all of which were terminated as of December 31, 2019.

The Company also recognizes a royalty participation upon the sale of Pod5ive Containers by Bit5ive LLC under the terms of a collaboration agreement entered in August 2018.

Property and Equipment

Property and Equipment

Property and equipment are stated at cost less accumulated depreciation. Depreciation is calculated using the straight–line method on the various asset classes over their estimated useful lives, which range from one to ten years when placed in service. The cost of repairs and maintenance is expensed as incurred; major replacements and improvements are capitalized. When assets are retired or disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gains or losses are included in income in the year of disposition. Deposits on property and equipment are initially classified as Other Assets and upon delivery, installation and full payment, the assets are classified as property and equipment on the consolidated balance sheet.

Income Taxes

Income taxes

The Company accounts for income taxes in accordance with ASC 740, “Income Taxes”. ASC 740 requires an asset and liability approach for financial accounting and reporting for income taxes and established for all the entities a minimum threshold for financial statement recognition of the benefit of tax positions and requires certain expanded disclosures. The provision for income taxes is based upon income or loss after adjustment for those permanent items that are not considered in the determination of taxable income. Deferred income taxes represent the tax effects of differences between the financial reporting and tax basis of the Company’s assets and liabilities at the enacted tax rates in effect for the years in which the differences are expected to reverse. The Company evaluates the recoverability of deferred tax assets and establishes a valuation allowance when it is more likely than not that some portion or all the deferred tax assets will not be realized. Management makes judgments as to the interpretation of the tax laws that might be challenged upon an audit and cause changes to previous estimates of tax liability. In management’s opinion, adequate provisions for income taxes have been made. If actual taxable income by tax jurisdiction varies from estimates, additional allowances or reversals of reserves may be necessary.

Loss Per Share

Loss per share

Basic loss per share is calculated by dividing net loss applicable to common shareholders by the weighted average number of common shares outstanding during the period. Diluted loss per share is calculated by dividing the net loss attributable to common shareholders by the sum of the weighted average number of common shares outstanding plus potential dilutive common shares outstanding during the period. Potential dilutive securities, comprised of unvested restricted shares, convertible debt, convertible preferred stock, stock warrants and stock options, are not reflected in diluted net loss per share because such potential shares are anti–dilutive due to the Company’s net loss.

Accordingly, the computation of diluted loss per share for the three months ended March 31, 2020 excludes 266,667 unvested restricted shares, 68,904,286 shares issuable upon the conversion of convertible debt, and 126,373,626 shares issuable under convertible preferred stock. The computation of diluted loss per share for the three months ended March 31, 2019 excludes 2,650,001 unvested restricted shares, 6,000,000 shares issuable under stock options, 100,743,629 shares issuable upon conversion of convertible debt, and 5,477,975 shares issuable under warrants.

Stock-based Compensation

Stock–based compensation

The Company recognizes compensation expense for all equity–based payments in accordance with ASC 718 “Compensation – Stock Compensation”. Under fair value recognition provisions, the Company recognizes equity–based compensation net of an estimated forfeiture rate and recognizes compensation cost only for those shares expected to vest over the requisite service period of the award.

Restricted stock awards are granted at the discretion of the compensation committee of the board of directors of the Company (the “Board of Directors”). These awards are restricted as to the transfer of ownership and generally vest over the requisite service periods, typically over a 12 to 24-month period (vesting on a straight–line basis). The fair value of a stock award is equal to the fair market value of a share of the Company’s common stock on the grant date.

The fair value of an option award is estimated on the date of grant using the Black–Scholes option valuation model. The Black–Scholes option valuation model requires the development of assumptions that are inputs into the model. These assumptions are the expected stock volatility, the risk–free interest rate, the expected life of the option, the dividend yield on the underlying stock and the expected forfeiture rate. Expected volatility is calculated based on the historical volatility of the Company’s common stock over the expected term of the option. Risk–free interest rates are calculated based on continuously compounded risk–free rates for the appropriate term.

Determining the appropriate fair value model and calculating the fair value of equity–based payment awards requires the input of the subjective assumptions described above. The assumptions used in calculating the fair value of equity–based payment awards represent management’s best estimates, which involve inherent uncertainties and the application of management’s judgment. The Company is required to estimate the expected forfeiture rate and recognize expense only for those shares expected to vest.

The Company accounts for share–based payments granted to non–employees in accordance with ASC 505–50, “Equity Based Payments to Non–Employees.” The Company determines the fair value of the stock–based payment as either the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more readily determinable. If the fair value of the equity instruments issued is used, it is measured using the stock price and other measurement assumptions as of the earlier of either (1) the date at which a commitment for performance by the counterparty to earn the equity instruments is reached, or (2) the date at which the counterparty’s performance is complete.

Fair Value Measure and Disclosures

Fair Value Measure and Disclosures

ASC 820 “Fair Value Measurements and Disclosures” provides the framework for measuring fair value. That framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

Fair value is defined as an exit price, representing the amount that would be received upon the sale of an asset or payment to transfer a liability in an orderly transaction between market participants. Fair value is a market-based measurement that is determined based on assumptions that market participants would use in pricing an asset or liability. A three-tier fair value hierarchy is used to prioritize the inputs in measuring fair value as follows:

● Level 1 Quoted prices in active markets for identical assets or liabilities.

● Level 2 Quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable, either directly or indirectly.

● Level 3 Significant unobservable inputs that cannot be corroborated by market data.

As of March 31, 2020, the Company had a Level 3 financial instrument related to the management agreement termination liability. Observable transactions are not available to aid in determining the fair value of the management agreement termination liability. Therefore, the fair value was determined based on the remaining payments which include two components that are based on market conditions, Bitcoin price and Difficulty Rate, thus requiring the liability to be adjusted to fair value on a periodic basis. The fair value of Bitcoin price and Difficulty Rate are obtained on quoted prices in active markets.

Gain (Loss) On Modification/Extinguishment of Debt

Gain (Loss) on Modification/Extinguishment of Debt

In accordance with ASC 470, a modification or an exchange of debt instruments that adds or eliminates a conversion option that was substantive at the date of the modification or exchange is considered a substantive change and is measured and accounted for as extinguishment of the original instrument along with the recognition of a gain/loss. Additionally, under ASC 470, a substantive modification of a debt instrument is deemed to have been accomplished with debt instruments that are substantially different if the present value of the cash flows under the terms of the new debt instrument is at least 10 percent different from the present value of the remaining cash flows under the terms of the original instrument. A substantive modification is accounted for as an extinguishment of the original instrument along with the recognition of a gain/loss.

Cash and Cash Equivalents

Cash and cash equivalents

The Company considers all highly liquid instruments with an original maturity of three months or less when acquired to be cash equivalents. The Company’s combined accounts were $18 and $216 as of March 31, 2020 and December 31, 2019, respectively. Since the FDIC’s insurance coverage is for combined account balances that do not exceed $250, there is no concentration of credit risks.

Recent Accounting Pronouncements

Recent accounting pronouncements

Management does not believe that any recently issued, but not yet effective accounting pronouncements, when adopted, will have a material effect on the accompanying consolidated financial statements, other than those disclosed below.

Equity-linked Instruments

Equity-linked instruments

The Company accounts for equity-linked instruments with certain anti-dilution provisions in accordance with ASC 815 and ASC 260. Under this guidance, the Company excludes instruments with certain down round features when determining whether a financial instrument (or embedded conversion feature) is considered indexed to the Company’s own stock. As a result, financial instruments (or embedded conversion features) with down round features are not required to be classified as derivative liabilities. The Company recognizes the value of a down round feature only when it is triggered and the exercise or conversion price has been adjusted downward. For equity-classified freestanding financial instruments, such as warrants, the Company treats the value of the effect of the down round, when triggered, as a deemed dividend and a reduction of income available to common stockholders in computing basic earnings per share. For convertible instruments with embedded conversion features containing down round provisions, the Company recognizes the value of the down round as a beneficial conversion discount to be amortized to earnings.

Impairment of Long-lived Assets

Impairment of long-lived assets

Long-lived assets are reviewed for impairment whenever facts or circumstances either internally or externally may suggest that the carrying value of an asset may not be recoverable, Should there be an indication of impairment, we test for recoverability by comparing the estimated undiscounted future cash flows expected to result from the use of the asset to the carrying amount of the asset or asset group. Any excess of the carrying value of the asset or asset group over its estimated fair value is recognized as an impairment loss.

Management's Evaluation of Subsequent Events

Management’s evaluation of subsequent events

The Company evaluates events that have occurred after the balance sheet date but before the financial statements are issued. Based upon the review, other than what is described in Note 11 – Subsequent Events, the Company did not identify any recognized or non-recognized subsequent events that would have required adjustment or disclosure in the unaudited condensed consolidated financial statements.

X

- Definition
Equity-linked instruments [Policy Text Block]
+ References
No definition available.
+ Details

Name: MGTI_EquitylinkedInstrumentsPolicyTextBlock

Namespace Prefix: MGTI_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Gain (loss) on modification/extinguishment of debt [Policy Text Block]
+ References
No definition available.
+ Details

Name: MGTI_GainLossOnModificationExtinguishmentOfDebtPolicyTextBlock

Namespace Prefix: MGTI_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_AccountingPoliciesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121583591&loc=d3e4273-108586

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(1))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790
+ Details

Name: us-gaap_CashAndCashEquivalentsPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=109239629&loc=d3e5614-111684
+ Details

Name: us-gaap_ConsolidationPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257
+ Details

Name: us-gaap_EarningsPerSharePolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for fair value measurements of financial and non-financial assets, liabilities and instruments classified in shareholders' equity. Disclosures include, but are not limited to, how an entity that manages a group of financial assets and liabilities on the basis of its net exposure measures the fair value of those assets and liabilities.
+ References
No definition available.
+ Details

Name: us-gaap_FairValueMeasurementPolicyPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for recognizing and measuring the impairment of long-lived assets. An entity also may disclose its accounting policy for long-lived assets to be sold. This policy excludes goodwill and intangible assets.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 05
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=109226317&loc=d3e202-110218

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.CC)
-URI http://asc.fasb.org/extlink&oid=27011434&loc=d3e125687-122742
+ Details

Name: us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 45
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=120406818&loc=d3e32247-109318

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32847-109319

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 954
-SubTopic 740
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6491622&loc=d3e9504-115650

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32840-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=116657188&loc=SL116659661-227067

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=120406818&loc=d3e32280-109318

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32809-109319
+ Details

Name: us-gaap_IncomeTaxPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact.
+ References
No definition available.
+ Details

Name: us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for reclassification affecting comparability of financial statement. Excludes amendment to accounting standards, other change in accounting principle, and correction of error.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6359566&loc=d3e326-107755
+ Details

Name: us-gaap_PriorPeriodReclassificationAdjustmentDescription

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy 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 1
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.13(a))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 3: 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 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790
+ Details

Name: us-gaap_PropertyPlantAndEquipmentPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for revenue. Includes revenue from contract with customer and from other sources.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18823-107790

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18823-107790
+ Details

Name: us-gaap_RevenueRecognitionPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for award under share-based payment arrangement. Includes, but is not limited to, methodology and assumption used in measuring cost.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b),(f)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901
+ Details

Name: us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for reporting subsequent events.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790
+ Details

Name: us-gaap_SubsequentEventsPolicyPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6191-108592

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6161-108592

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6143-108592

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e5967-108592

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6061-108592

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6132-108592

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e5967-108592
+ Details

Name: us-gaap_UseOfEstimates

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 51 R10.htm IDEA: XBRL DOCUMENT v3.20.1

Property, Plant, and Equipment and Other Assets
3 Months Ended

Mar. 31, 2020

Property, Plant and Equipment [Abstract]

Property, Plant, and Equipment and Other Assets

Note 4. Property, Plant, and Equipment and Other Assets

Property and equipment consisted of the following:

As of

March 31, 2020 December 31, 2019

Land $ 57 $ 57

Computer hardware and software 10 10

Bitcoin mining machines 2,313 2,313

Infrastructure 998 771

Containers 782 467

Leasehold improvements 4 -

Property and equipment, gross 4,164 3,618

Less: Accumulated depreciation (424 ) (82 )

Property and equipment, net $ 3,740 $ 3,536

The Company recorded depreciation expense of $342 and $0 for the three months ended March 31, 2020 and 2019, respectively. No depreciation was recorded during the three months ended March 31, 2019 as the Company fully impaired all its property and equipment as of December 31, 2018.

Other Assets consisted of the following:

As of

March 31, 2020 December 31, 2019

Deposits on containers $ - $ 203

Security deposits 157 118

Other Assets $ 157 $ 321

During September 2019, the Company entered into an agreement to purchase two containers to house the Bitcoin mining machines and paid a deposit of $203. Full payment on these containers was made upon delivery and installation in January 2020, at which time the cost of containers was reclassified to property and equipment and depreciated over the estimated useful life of 5 years using the straight-line method. The Company has paid $154 in security deposits related to its electrical contract, see Note 9, and $3 related to its office lease in Raleigh, NC.

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: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 52 R14.htm IDEA: XBRL DOCUMENT v3.20.1

Stock-Based Compensation
3 Months Ended

Mar. 31, 2020

Share-based Payment Arrangement [Abstract]

Stock-Based Compensation

Note 8. Stock–Based Compensation

Issuance of restricted common stock – directors, officers and employees

The Company’s activity in restricted common stock was as follows for the three months ended March 31, 2020:

Number of shares Weighted average
grant date fair
value

Non–vested at January 1, 2020 650,000 $ 1.24

Granted - $ -

Vested (383,333 ) $ 1.46

Non–vested at March 31, 2020 266,667 $ 0.94

For the three months ended March 31, 2020 and 2019, the Company has recorded $220 and $894, in employee and director stock–based compensation expense, which is a component of general and administrative expenses in the consolidated statement of operations. As of March 31, 2020, unamortized stock-based compensation costs related to restricted share arrangements was $3 and will be recognized over a weighted average period of 0.22 years.

Stock options

As of December 31, 2019, the Company had 6,000,000 stock options with a weighted average exercise price of $0.71 and a weighted average grant date fair value of $1.29. All the stock options were fully vested and there were no unrecognized costs. Under the terms of the stock option agreement, all options expired on January 31, 2020. As of March 31, 2020, there are no outstanding or exercisable stock options.

X

- Definition
The entire disclosure for share-based payment arrangement.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-URI http://asc.fasb.org/topic&trid=2228938
+ Details

Name: us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 53 R4.htm IDEA: XBRL DOCUMENT v3.20.1

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended

Mar. 31, 2020

Mar. 31, 2019

Income Statement [Abstract]

Revenue $ 677 $ 28

Operating expenses

Cost of revenue 605 86

General and administrative 1,030 1,914

Total operating expenses 1,635 2,000

Operating loss (958) (1,972)

Other non-operating income (expense)

Interest income (expense) 10 (3)

Change in fair value of liability 15

Accretion of debt discount (421) (1,127)

Gain on sale of property and equipment 30 82

Gain on extinguishment of debt 1,311

Total non-operating income (expense) (366) 263

Net loss attributable to common stockholders $ (1,324) $ (1,709)

Per-share data

Basic and diluted loss per share $ (0.00) $ (0.01)

Weighted average number of common shares outstanding 425,051,549 122,404,668

X

- Definition
Accretion of debt discount.
+ References
No definition available.
+ Details

Name: MGTI_AccretionOfDebtDiscount

Namespace Prefix: MGTI_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Change in fair value of liability.
+ References
No definition available.
+ Details

Name: MGTI_GainLossOnChangeInFairValueOfLiability

Namespace Prefix: MGTI_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=121326447&loc=d3e1337-109256
+ Details

Name: us-gaap_EarningsPerShareBasicAndDiluted

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_EarningsPerShareBasicAndDilutedAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3602-108585
+ Details

Name: us-gaap_GainLossOnSaleOfPropertyPlantEquipment

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 50
-Section 40
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=117329964&loc=d3e12355-112629

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 50
-Section 40
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=117329964&loc=d3e12317-112629

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3602-108585
+ Details

Name: us-gaap_GainsLossesOnExtinguishmentOfDebt

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.4)
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227
+ Details

Name: us-gaap_GeneralAndAdministrativeExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_IncomeStatementAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The net amount of operating interest income (expense).
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04.10)
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260
+ Details

Name: us-gaap_InterestIncomeExpenseNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669619-108580

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22595-107794

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669625-108580

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3602-108585

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22663-107794

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14064-108612

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121326447&loc=SL5780133-109256

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22658-107794
+ Details

Name: us-gaap_NetIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense.
+ References
No definition available.
+ Details

Name: us-gaap_OperatingCostsAndExpenses

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.
+ References
No definition available.
+ Details

Name: us-gaap_OperatingExpenses

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_OperatingExpensesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The net result for the period of deducting operating expenses from operating revenues.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599
+ Details

Name: us-gaap_OperatingIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of income (expense) related to nonoperating activities, classified as other.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.9)
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227
+ Details

Name: us-gaap_OtherNonoperatingIncomeExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_OtherNonoperatingIncomeExpenseAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130543-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856
+ Details

Name: us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS).
+ References
No definition available.
+ Details

Name: us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

Commitments and Contingencies (Details Narrative) - USD ($) $ in Thousands			3 Months Ended		12 Months Ended
	May 07, 2020	Apr. 23, 2020	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Aug. 31, 2019
Operating Leases Commitments And Security Deposit [Line Items]
Security deposit			$ 154
POD5 Agreement [Member] \| Bit5ive, LLC [Member]
Operating Leases Commitments And Security Deposit [Line Items]
Recognized revenue			3	$ 0
Two Settlement and Termination Agreements [Member]
Operating Leases Commitments And Security Deposit [Line Items]
Present value of settlement distributions						$ 337
Gain on change in fair value			15		$ 176
Loss contingency liability			58		116
Two Settlement and Termination Agreements [Member] \| Monthly Settlement of Distributions [Member]
Operating Leases Commitments And Security Deposit [Line Items]
Present value of settlement distributions			$ 43		$ 45
Stipulation of Settlement [Member]
Operating Leases Commitments And Security Deposit [Line Items]
Consideration for settlement, description		The consideration for the settlement of the Derivative Actions is as follows: (i) adoption by the Company of certain corporate governance reforms, the terms of which are fully set forth in Exhibits A and B to the Stipulation; (ii) Robert B. Ladd, H. Robert Holmes, Michael Onghai, and Nolan Bushnell shall collectively pay or cause to be paid $75 to the Company; and (iii) Barry C. Honig, John Stetson, Michael Brauser, John O'Rourke III, and Mark Groussman shall collectively pay or cause to be paid $150 to the Company. Further, the Company shall, subject to court approval, pay a fee and expense award to plaintiffs' counsel in the Derivative Actions of $150 and service awards to each of the two plaintiffs in the Derivative Actions of $1.5 each, to be paid from the fee and expense award.
Federal Stipulation of Settlement [Member] \| Subsequent Event [Member]
Operating Leases Commitments And Security Deposit [Line Items]
Consideration for settlement, description	The consideration for the settlement of the Federal Derivative Actions is as follows: (i) adoption by the Company of a certain corporate governance reform, the terms of which are fully set forth in Exhibit A to the Federal Stipulation; and (ii) Robert B. Ladd, H. Robert Holmes, and Michael Onghai shall collectively pay or cause to be paid $65 to the Company. Further, the Company shall, subject to court approval, pay a fee and expense award to plaintiffs' counsel in the Federal Derivative Actions of $30 and incentive awards to each of the two plaintiffs in the Federal Derivative Actions of $.4 each.

Leases - Schedule of Future Minimum Lease Payment (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Remainder of 2020	$ 27
2021	37
2022	39
Total undiscounted minimum future lease payments	103
Less Imputed interest	(34)
Present value of operating lease liabilities	69	$ 78
Current portion	18	19
Non-current portion	51	59
Operating lease liability	$ 69	$ 78

Stock-Based Compensation - Schedule of Restricted Common Stock Activity (Details)	3 Months Ended
	Mar. 31, 2020 $ / shares shares
Share-based Payment Arrangement [Abstract]
Number of shares Non-vested, Beginning Balance \| shares	650,000
Number of shares, Granted \| shares
Number of shares, Vested \| shares	(383,333)
Number of shares Non-vested, Ending Balance \| shares	266,667
Weighted average grant date fair value Non-vested, Beginning Balance \| $ / shares	$ 1.24
Weighted average grant date fair value, Granted \| $ / shares
Weighted average grant date fair value, Vested \| $ / shares	1.46
Weighted average grant date fair value Non-vested, Ending Balance \| $ / shares	$ 0.94

Leases (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
Leases (Details Narrative) - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Operating Leases Commitments And Security Deposit [Line Items]
Monthly rent	$ 9	$ 20
Right of use asset	69		$ 78
Lease liability	$ 69		78
New Lease [Member]
Operating Leases Commitments And Security Deposit [Line Items]
Monthly rent			$ 3
Percentage of annual increases			3.00%
Operating lease term			3 years
Incremental borrowing rate			29.91%
Sublease Agreement [Member]
Operating Leases Commitments And Security Deposit [Line Items]
Monthly rent			$ 7

Notes Payable - Schedule of Notes Payable (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Jun. 01, 2018
Net	$ 124	$ 52
June 2018 Note [Member]
Principal	579	929	$ 3,600
Discount	(455)	(877)
Net	$ 124	$ 52

Property, Plant, and Equipment and Other Assets (Details Narrative) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended
	Sep. 30, 2019	Mar. 31, 2020	Mar. 31, 2019
Depreciation expense		$ 342
Payments for deposits		$ 38
Electrical Contract [Member]
Payments for deposits	$ 154
Office Lease [Member] \| Raleigh, NC [Member]
Payments for deposits	3
Bitcoin Mining Machines [Member]
Property, plant and equipment, estimated useful lives		P5Y
Bitcoin Machines [Member]
Payments for deposits	$ 203

Employee Benefit Plans (Details Narrative) - 401(k) Plan [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Employee contribution amount	$ 4	$ 4
Maximum [Member]
Employee contribution percentage	100.00%

Common Stock and Preferred Stock (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands								3 Months Ended				12 Months Ended
	Jul. 15, 2019	Jun. 03, 2019	Apr. 16, 2019	Apr. 12, 2019	Mar. 28, 2019	Jan. 11, 2019	Aug. 30, 2018	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2019	Jul. 31, 2019	Nov. 30, 2018
Repayments of debt											$ 82
Conversion of stock shares converted				200,000
Percentage of average trading volume of common stock				9.99%
Value of shares issued for services											$ 60
Preferred stock, shares authorized								8,489,800				8,489,800
Preferred stock, par value								$ 0.001				$ 0.001
Preferred stock, voting rights				the Company's Board of Directors approved the authorization of 200 Series C Preferred Shares with a par value of $0.001 ("Series C Preferred Shares"). The holders of the Series C Preferred Shares have no voting rights, receive no dividends, and are entitled to a liquidation preference equal to the stated value. At any time, the Company may redeem the Series C Preferred Shares at 1.2 times the stated value. Given the right of redemption is solely at the option of the Company, the Series C Preferred Shares are not considered mandatorily redeemable, and as such are classified in shareholders' equity on the Company's consolidated balance sheet.
Conversion of stock, description				The amount derived by dividing the stated value by the product of 0.7 times the market price of the Company's common stock, defined as the lowest trading price of the Company's common stock during the ten day period preceding the conversion date. The holder may not convert any Series C Preferred Shares if the total amount of shares held, together with holdings of its affiliates, following a conversion exceeds 9.99% of the Company's common stock.
Preferred stock, shares issued
Preferred stock, shares outstanding
Common Stock [Member]
Debt conversion, shares issued											43,100,000
Debt conversion											$ 2,154
Stock sold during period, shares					7,500,000							52,000,000
Proceeds from sale of stock					$ 346
Conversion of stock shares converted										14,077,092
Number of shares issued for services											160,500
Value of shares issued for services
Common Stock [Member] \| December 2018 Note [Member]
Repayments of debt											$ 354
Common Stock [Member]
Conversion of stock shares converted									13,528,575
Series B Preferred Stock [Member]
Preferred stock, shares authorized								10,000				10,000
Preferred stock, par value								$ 0.001				$ 0.001
Preferred stock, shares issued
Preferred stock, shares outstanding
Series B Preferred Stock [Member] \| Board of Directors [Member]
Preferred stock, shares authorized						10,000
Preferred stock, par value						$ 0.001
Preferred stock, dividend rate, percentage						12.00%
Preferred stock, voting rights						Each holder shall also be entitled to vote on all matters submitted to stockholders of the Company and shall be entitled to 55,000 votes for each Series B Preferred Share owned at the record date for the determination of stockholders entitled to vote on such matter or, if no such record date is established, at the date such vote is taken or any written consent of stockholders is solicited.
Series C Convertible Preferred Stock [Member]
Stock sold during period, shares	10
Proceeds from sale of stock	$ 100
Conversion of stock shares converted									35	50
Preferred stock, shares authorized				200
Preferred stock, par value				$ 0.001
Deemed dividend				$ 859									$ 46
Series C Convertible Preferred Stock [Member]
Stock sold during period, shares				190
Proceeds from sale of stock				$ 1,890
Preferred stock, shares authorized								200				200
Preferred stock, par value								$ 0.001				$ 0.001
Preferred stock, shares issued								115				115
Preferred stock, shares outstanding								115				115
Equity Purchase Agreement [Member] \| Non-Affiliates [Member]
Debt instrument regulatory threshold			$ 75,000
L2 Capital, LLC [Member] \| Equity Purchase Agreement [Member]
Equity purchase agreement description							The Company and L2 Capital, LLC ("L2 Capital") entered into an equity purchase agreement, which was later amended on November 30, 2018, whereby the Company could issue and sell to L2 Capital from time to time up to $50,000 of the Company's common stock that was registered with the SEC under a registration statement on Form S-3. Subject to the terms of the equity purchase agreement, the Company provided notices (a "Put Notice") requiring L2 Capital to purchase a number of shares (the "Put Shares") of the common stock equal to the lesser of $500 and 200% of the average trading volume of the common stock in the ten trading days immediately preceding the date of such Put Notice. The terms also provided the purchase price for such Put Shares to be the lowest traded price on a principal market for any trading day during the five trading days either following or beginning on the date on which L2 Capital receives delivery of the Put Shares, multiplied by 95.0%.
Number of shares available for issuance, value														50,000
L2 Capital, LLC [Member] \| Equity Purchase Agreement [Member] \| Put Shares [Member] \| Maximum [Member]
Number of shares available for issuance, value			500
Oasis Capital [Member] \| Equity Purchase Agreement Under Form S-1 [Member]
Equity purchase agreement description		The Company entered into an equity purchase agreement with Oasis Capital, whereby the Company shall have the right, but not the obligation, to direct Oasis Capital to purchase shares of the Company's common stock (the "New Put Shares") in an amount in each instance up to the lesser of $1,000 or 250% of the average daily trading volume by delivering a notice to Oasis Capital (the "New Put Notice"). The purchase price (the "Purchase Price") for the New Put Shares shall equal 95% of the one lowest daily volume weighted average price on a principal market during the five trading days immediately following the date Oasis receives the New Put Shares via DWAC associated with the applicable New Put Notice (the "Valuation Period"). The closing of a New Put Notice shall occur within one trading day following the end of the respective Valuation Period, whereby (i) Oasis shall deliver the Investment Amount (as defined below) to the Company by wire transfer of immediately available funds and (ii) Oasis shall return surplus New Put Shares if the value of the New Put Shares delivered to Oasis causes the Company to exceed the maximum commitment amount. The Company shall not deliver another New Put Notice to Oasis within ten trading days of a prior New Put Notice. The "Investment Amount" means the aggregate Purchase Price for the New Put Shares purchased by Oasis, minus clearing costs payable to Oasis's broker or to the Company's transfer agent for the issuance of the New Put Shares. The shares issuable under the equity purchase agreement are registered with the SEC under a registration statement on Form S-1 that was declared effective on June 25, 2019 covering up to 76,558,643 shares of common stock, and are subject to a maximum beneficial ownership by Oasis Capital of 9.99%.
Percentage of average trading volume of common stock		95.00%
Maximum beneficial ownership percentage		9.99%
Oasis Capital [Member] \| Equity Purchase Agreement Under Form S-1 [Member] \| New Put Shares [Member] \| Maximum [Member]
Number of shares available for issuance, value		1,000

Document And Entity Information - shares	3 Months Ended
Document And Entity Information - shares	Mar. 31, 2020	May 14, 2020
Document And Entity Information
Entity Registrant Name	MGT CAPITAL INVESTMENTS, INC.
Entity Central Index Key	0001001601
Document Type	10-Q
Document Period End Date	Mar. 31, 2020
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity's Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		462,931,961
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2020

Condensed Consolidated Statements of Changes in Stockholders' (Deficit) Equity (Unaudited) - USD ($) $ in Thousands	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-In Capital [Member]	Subscription Receivable [Member]	Accumulated Deficit [Member]	Total
Balance at Dec. 31, 2018		$ 111	$ 403,299		$ (404,719)	$ (1,309)
Balance, shares at Dec. 31, 2018		111,079,683
Stock based compensation			894			894
Stock based compensation, shares
Stock issued for services			60			60
Stock issued for services, shares		160,500
Sale of stock under equity purchase agreement		$ 43	2,111	(346)		1,808
Sale of stock under equity purchase agreement, shares		43,100,000
Cumulative effect adjustment related to ASU adoption					3	3
Net loss					(1,709)	(1,709)
Balance at Mar. 31, 2019		$ 154	406,364	(346)	(406,425)	(253)
Balance, shares at Mar. 31, 2019		154,340,183
Balance at Dec. 31, 2019		$ 414	417,315		(414,502)	3,227
Balance, shares at Dec. 31, 2019	115	413,701,289
Stock-based compensation - employee restricted stock			220			220
Stock-based compensation - employee restricted stock, shares
Common stock issued on conversion of note payable		$ 33	317			350
Common stock issued on conversion of note payable, shares		32,747,157
Net loss					(1,324)	(1,324)
Balance at Mar. 31, 2020		$ 447	$ 417,852		$ (415,826)	$ 2,473
Balance, shares at Mar. 31, 2020	115	446,448,446

Going Concern and Management's Plans (Details Narrative) - USD ($) $ in Thousands	May 14, 2020	Mar. 31, 2020	Dec. 31, 2019
Accumulated deficit		$ (415,826)	$ (414,502)
Cash and cash equivalents		$ 18	$ 216
Subsequent Event [Member]
Cash and cash equivalents	$ 65

Property, Plant, and Equipment and Other Assets - Schedule of Other Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Deposits on containers		$ 203
Security deposits	157	118
Other Assets	$ 157	$ 321

Property, Plant, and Equipment and Other Assets - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Property and equipment, gross	$ 4,164	$ 3,618
Less: Accumulated depreciation	(424)	(82)
Property and equipment, net	3,740	3,536
Land [Member]
Property and equipment, gross	57	57
Computer Hardware and Software [Member]
Property and equipment, gross	10	10
Bitcoin Mining Machines [Member]
Property and equipment, gross	2,313	2,313
Infrastructure [Member]
Property and equipment, gross	998	771
Containers [Member]
Property and equipment, gross	782	467
Leasehold Improvements [Member]
Property and equipment, gross	$ 4

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Statement [Abstract]
Revenue	$ 677	$ 28
Operating expenses
Cost of revenue	605	86
General and administrative	1,030	1,914
Total operating expenses	1,635	2,000
Operating loss	(958)	(1,972)
Other non-operating income (expense)
Interest income (expense)	10	(3)
Change in fair value of liability	15
Accretion of debt discount	(421)	(1,127)
Gain on sale of property and equipment	30	82
Gain on extinguishment of debt		1,311
Total non-operating income (expense)	(366)	263
Net loss attributable to common stockholders	$ (1,324)	$ (1,709)
Per-share data
Basic and diluted loss per share	$ (0.00)	$ (0.01)
Weighted average number of common shares outstanding	425,051,549	122,404,668