10-Q Filing

BITMINE IMMERSION TECHNOLOGIES, INC. CIK: 1829311 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001683168-21-001428`
Period End Date	20210228
Filing Date	20210415
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	ress-20210228.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 35 Income Statement 23 Cash Flow Statement 14 Stockholders Equity 9

Balance Sheet 35 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.93K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.87K	USD	Point-in-time
Current assets	`AssetsCurrent`	$2.87K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	480.20M	shares	Point-in-time
Current assets	`AssetsCurrent`	$1.93K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	480.20M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	480.20M	shares	Point-in-time
Total assets	`Assets`	$1.93K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	480.20M	shares	Point-in-time
Total assets	`Assets`	$2.87K	USD	Point-in-time
Accrued interest-related party	`InterestPayableCurrent`	$1.56K	USD	Point-in-time
Accrued interest-related party	`InterestPayableCurrent`	$9.84K	USD	Point-in-time
Loans payable-related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$50.45K	USD	Point-in-time
Loans payable-related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$74.45K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$52.01K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$84.29K	USD	Point-in-time
Total liabilities	`Liabilities`	$84.29K	USD	Point-in-time
Total liabilities	`Liabilities`	$52.01K	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.0001 par value, 500,000,000 shares authorized; 480,202,774 issued and outstanding as of February 28, 2021 and August 31, 2020, respectively	`CommonStockValue`	$48.02K	USD	Point-in-time
Common stock, $0.0001 par value, 500,000,000 shares authorized; 480,202,774 issued and outstanding as of February 28, 2021 and August 31, 2020, respectively	`CommonStockValue`	$48.02K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$209.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$209.00K	USD	Point-in-time
Retained earnings deficit	`RetainedEarningsAccumulatedDeficit`	$-307.10K	USD	Point-in-time
Retained earnings deficit	`RetainedEarningsAccumulatedDeficit`	$-338.44K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-50.08K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-71.05K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-81.42K	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.93K	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.87K	USD	Point-in-time

Income Statement 23 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$22.56K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$5.35K	USD	1 Quarter
Related party compensation	`CostsAndExpensesRelatedParty`	$500.00	USD	2 Qtrs
Related party compensation	`CostsAndExpensesRelatedParty`	$500.00	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$23.06K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$5.85K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-23.06K	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-5.85K	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$8.29K	USD	2 Qtrs
Interest expense	`InterestExpenseOther`	$4.52K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$-8.29K	USD	2 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$-4.52K	USD	1 Quarter
Income loss from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-31.34K	USD	2 Qtrs
Income loss from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-10.37K	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-20.98K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.37K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-31.34K	USD	2 Qtrs
Basic and diluted earnings (loss) per common share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted earnings (loss) per common share	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Weighted-average number of common shares outstanding: Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	480.20M	shares	1 Quarter
Weighted-average number of common shares outstanding: Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	480.20M	shares	2 Qtrs

Cash Flow Statement 14 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-20.98K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.37K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-31.34K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$8.29K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-23.06K	USD	2 Qtrs
Related party loans	`ProceedsFromRelatedPartyDebt`	$24.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$24.00K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$941.00	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.93K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.87K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.93K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.87K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs

Stockholders Equity 9 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-50.08K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-71.05K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-81.42K	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$-20.98K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-10.37K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-31.34K	USD	2 Qtrs
Ending balance, value	`StockholdersEquity`	$-50.08K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-71.05K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-81.42K	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.