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Investment in TheBit Daily LLC
9 Months Ended
Sep. 30, 2018
Investment In Thebit Daily Llc  
Investment in TheBit Daily LLC

Note 5. Investment in TheBit Daily LLC

  

On March 23, 2018, Spherix Incorporated purchased 8.0% of the issued and outstanding limited liability company membership interests of TheBit Daily LLC, a development stage media and education platform focused on the blockchain and cryptocurrency space, for a subscription price of $25,000.

  

The Company records this investment at fair value and changes in fair value are recorded (see Note 8).