Digital Asset (Tables)

9 Months Ended

Sep. 30, 2024

Digital Assets [Abstract]

Schedule of Digital assets (Bitcoin and Tether)

Digital assets consisted of the following:

		September 30, 2024		December 31, 2023		September 30, 2023
Bitcoin	$		3,972,153	$	3,406,096	$	2,246,340
Tether			11,647		10,160		10,160
Digital assets - current			3,983,800		3,416,256		2,256,500
Bitcoin - long-term			5,000,000		-		-
Total digital assets	$		8,983,800	$	3,416,256	$	2,256,500
Bitcoin
		September 30, 2024		December 31, 2023		September 30, 2023
Number of Bitcoin held			142.3		95.1		90.1
Carrying basis - per Bitcoin		$	58,409	$	35,816	$	24,932
Fair value - per Bitcoin		$	63,301	$	42,273	$	26,974
Carrying basis of Bitcoin		$	8,310,473	$	3,406,096	$	2,246,340
Fair value of Bitcoin		$	8,972,153	$	4,020,202	$	2,430,330

Schedule of Rollforward of Bitcoin

The following table presents a roll-forward of Bitcoin for the nine months ended September 30, 2024, based on the fair value model under ASU 2023-08:

		September 30, 2024
Bitcoin as of December 31, 2023	$		3,406,096
Cumulative effect of the adoption of ASU 2023-08 (See Note 1)			614,106
Beginning balance: Bitcoin as of January 1, 2024			4,020,202
Addition of Bitcoin from mining activities			8,618,436
Disposition of Bitcoin from sales			(6,821,185	)
Gain on fair value of Bitcoin, net			3,154,700
End of period	$		8,972,153

The following table presents a roll-forward of Bitcoin for the nine months ended September 30, 2023, prior to the adoption of ASU 2023-08, based on the cost less impairment model under ASC 350:

	September 30, 2023
Beginning of year	$	888,026
Purchase of Bitcoin		35,157
Production of Bitcoin		8,342,646
Impairment loss on mined Bitcoin		(822,650	)
Carrying amount of Bitcoin sold		(6,196,839	)
End of period		2,246,340