XML 38 R26.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Discontinued Operations (Tables)
6 Months Ended
Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Assets and Liabilities Associated Discontinued Operations in Financial Statements

The Company has presented the related assets and liabilities associated with discontinued operations separately as discontinued operations in its condensed consolidated balance sheets as of June 30, 2024 and December 31, 2023. The following table presents the major classes of assets included as part of discontinued operations in the Company’s condensed consolidated balance sheets for the periods indicated:

  

   June 30, 2024   December 31, 2023 
Accounts receivable  $   $322,655 
Property and equipment, net          3,182,307 
Total assets – discontinued operations  $   $3,504,962 

 

 

Additionally, the Company has presented the financial results associated with discontinued operations separately as discontinued operations on its condensed consolidated statements of operations for the three and six months ended June 30, 2024 and 2023 and its condensed consolidated statements of cash flows for the six months ended June 30, 2024 and 2023.The following table presents the major classes of line items constituting the loss from discontinued operations the Company’s condensed consolidated statements of operations and condensed consolidated statements of cash flows for the periods presented:

 

   2024   2023   2024   2023 
   Three Months Ended June 30,   Six Months Ended June 30, 
   2024   2023   2024   2023 
Cryptocurrency mining revenue  $   $179,318   $192,625   $179,318 
Cryptocurrency mining costs       (93,244)   (55,063)   (93,244)
Depreciation and amortization       (132,851)   (102,210)   (132,851)
Impairment of cryptocurrency mining equipment       (16,794,688)       (16,794,688)
Loss from sale of cryptocurrency mining equipment           (1,080,097)    
Loss from discontinued operations before income taxes       (16,841,465)   (1,044,745)   (16,841,465)
Provision for income taxes                
Net loss from discontinued operations  $   $(16,841,465)  $(1,044,745)  $(16,841,465)