10-Q Filing

BITMINE IMMERSION TECHNOLOGIES, INC. CIK: 1829311 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001683168-21-003184`
Period End Date	20210531
Filing Date	20210730
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	ress-20210531.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 37 Income Statement 22 Cash Flow Statement 14 Stockholders Equity 15

Balance Sheet 37 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`	$3.47K	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
Current assets	`AssetsCurrent`	$1.93K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.80M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.69M	shares	Point-in-time
Current assets	`AssetsCurrent`	$3.47K	USD	Point-in-time
Total assets	`Assets`	$3.47K	USD	Point-in-time
Total assets	`Assets`	$1.93K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.69M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.80M	shares	Point-in-time
Accrued interest-related party	`InterestPayableCurrent`	$1.56K	USD	Point-in-time
Accrued interest-related party	`InterestPayableCurrent`	$16.23K	USD	Point-in-time
Loans payable-related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$87.45K	USD	Point-in-time
Loans payable-related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$50.45K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$52.01K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$103.68K	USD	Point-in-time
Total liabilities	`Liabilities`	$103.68K	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; 2,803,400 and 2,688,400 issued and outstanding as of May 31, 2021 and August 31, 2020, respectively	`CommonStockValue`	$280.00	USD	Point-in-time
Common stock, $0.0001 par value, 500,000,000 shares authorized; 2,803,400 and 2,688,400 issued and outstanding as of May 31, 2021 and August 31, 2020, respectively	`CommonStockValue`	$269.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$256.75K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$257.89K	USD	Point-in-time
Retained earnings deficit	`RetainedEarningsAccumulatedDeficit`	$-358.38K	USD	Point-in-time
Retained earnings deficit	`RetainedEarningsAccumulatedDeficit`	$-307.10K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-50.08K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-48.52K	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 stockholders' equity	`StockholdersEquity`	$-100.21K	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.93K	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.47K	USD	Point-in-time

Income Statement 22 line items

Line Item	Tag	Value	Unit	Period
General and administrative expenses	`GeneralAndAdministrativeExpense`	$36.11K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$13.55K	USD	1 Quarter
Related party compensation	`CostsAndExpensesRelatedParty`	$500.00	USD	3 Qtrs
Related party compensation	`CostsAndExpensesRelatedParty`	-	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$36.61K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$13.55K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-36.61K	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-13.55K	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$14.67K	USD	3 Qtrs
Interest expense	`InterestExpenseOther`	$6.39K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$-6.39K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$-14.67K	USD	3 Qtrs
Income loss from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-51.29K	USD	3 Qtrs
Income loss from operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-19.94K	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-51.29K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-19.94K	USD	1 Quarter
Basic and diluted earnings (loss) per common share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and diluted earnings (loss) per common share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	3 Qtrs
Weighted-average number of common shares outstanding: Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.80M	shares	1 Quarter
Weighted-average number of common shares outstanding: Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.69M	shares	3 Qtrs

Cash Flow Statement 14 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-51.29K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-19.94K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$14.67K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-36.61K	USD	3 Qtrs
Private placements of common stock	`ProceedsFromIssuanceOfPrivatePlacement`	$1.15K	USD	3 Qtrs
Related party loans	`ProceedsFromRelatedPartyDebt`	$37.00K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$38.15K	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$1.54K	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.47K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.93K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.47K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.93K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	3 Qtrs

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-50.08K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-48.52K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-71.05K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-81.42K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-100.21K	USD	Point-in-time
Proceeds from private placement of common shares, value	`StockIssuedDuringPeriodValueNewIssues`	$1.15K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-10.37K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-1.56K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-19.94K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-20.98K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$-50.08K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-48.52K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-71.05K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-81.42K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-100.21K	USD	Point-in-time

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