Property, Plant, and Equipment and Other Assets

3 Months Ended

Mar. 31, 2022

Property, Plant and Equipment [Abstract]

Property, Plant, and Equipment and Other Assets

Note 5. Property, Plant, and Equipment and Other Assets

Property and equipment consisted of the following:

	As of
	March 31, 2022			December 31, 2021
Land	$	55		$	55
Computer hardware and software		10			10
Bitcoin mining machines		798			910
Infrastructure		1,185			1,117
Containers		403			403
Leasehold improvements		4			4
Property and equipment, gross		2,455			2,499
Less: Accumulated depreciation		(1,206	)		(1,270	)
Property and equipment, net	$	1,249		$	1,229

The Company recorded depreciation expense of $48 and $189 for the three months ended March 31, 2022 and 2021, respectively. For the three months ended March 31, 2022 and 2021, respectively, gains on sale of property and equipment of $0 and $1, respectively, were recorded as other non-operating income. For the three months ended March 31, 2022 we disposed of a total of 50 S17 miners which were fully depreciated.

Other Assets consisted of the following:

	As of
	March 31, 2022		December 31, 2021
Security deposits	$	3	$	3
Interest receivable		1		-
Other Assets	$	4	$	3

The Company has paid $3 related to its office lease in Raleigh, NC.