10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001683168-23-000034 |
| Period End Date | 20221130 |
| Filing Date | 20230105 |
| Fiscal Year | 2023 |
| Fiscal Period | Q1 |
| XBRL Instance | bitmine_i10q-113022_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
60 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$392.55K | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$180.65K | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrent
|
$5.00K | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrent
|
$5.00K | USD | Point-in-time |
| Notes receivable - short term |
AccountsNotesAndLoansReceivableNetCurrent
|
$491.39K | USD | Point-in-time |
| Notes receivable - short term |
AccountsNotesAndLoansReceivableNetCurrent
|
$865.84K | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$888.95K | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$1.05M | USD | Point-in-time |
| Cryptocurrency |
Cryptocurrency
|
$21.11K | USD | Point-in-time |
| Cryptocurrency |
Cryptocurrency
|
$21.43K | USD | Point-in-time |
| Preferred Stock, Par or Stated Value Per Share |
PreferredStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Notes receivable - long term |
LongTermAccountsNotesAndLoansReceivableNetNoncurrent
|
$532.35K | USD | Point-in-time |
| Preferred Stock, Shares Authorized |
PreferredStockSharesAuthorized
|
20.00M | shares | Point-in-time |
| Notes receivable - long term |
LongTermAccountsNotesAndLoansReceivableNetNoncurrent
|
$1.36M | USD | Point-in-time |
| Investment in joint venture |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
- | USD | Point-in-time |
| Investment in joint venture |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$987.43K | USD | Point-in-time |
| Fixed assets, net |
FixedAssetsNet
|
$410.24K | USD | Point-in-time |
| Fixed assets, net |
FixedAssetsNet
|
$21.88K | USD | Point-in-time |
| Fixed assets - not in service |
FixedAssetsNotInService
|
$6.51M | USD | Point-in-time |
| Fixed assets - not in service |
FixedAssetsNotInService
|
$4.38M | USD | Point-in-time |
| Common Stock, Par or Stated Value Per Share |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Common Stock, Par or Stated Value Per Share |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Total assets |
Assets
|
$7.97M | USD | Point-in-time |
| Common Stock, Shares Authorized |
CommonStockSharesAuthorized
|
500.00M | shares | Point-in-time |
| Total assets |
Assets
|
$8.21M | USD | Point-in-time |
| Common Stock, Shares Authorized |
CommonStockSharesAuthorized
|
500.00M | shares | Point-in-time |
| Common Stock, Shares, Issued |
CommonStockSharesIssued
|
48.61M | shares | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$84.76K | USD | Point-in-time |
| Common Stock, Shares, Issued |
CommonStockSharesIssued
|
48.78M | shares | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$51.73K | USD | Point-in-time |
| Accrued interest - related party |
InterestPayableCurrent
|
$4.81K | USD | Point-in-time |
| Accrued interest - related party |
InterestPayableCurrent
|
- | USD | Point-in-time |
| Common Stock, Shares, Outstanding |
CommonStockSharesOutstanding
|
48.78M | shares | Point-in-time |
| Common Stock, Shares, Outstanding |
CommonStockSharesOutstanding
|
48.61M | shares | Point-in-time |
| Loans payable-related party |
LoansPayableRelatedParty
|
$400.00K | USD | Point-in-time |
| Loans payable-related party |
LoansPayableRelatedParty
|
- | USD | Point-in-time |
| Deferred revenue - net |
DeferredRevenueCurrent
|
$232.91K | USD | Point-in-time |
| Deferred revenue - net |
DeferredRevenueCurrent
|
$319.11K | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$775.64K | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$317.67K | USD | Point-in-time |
| Deferred revenue long term -net |
DeferredRevenueNoncurrent
|
$421.80K | USD | Point-in-time |
| Deferred revenue long term -net |
DeferredRevenueNoncurrent
|
$252.32K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$1.20M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$570.00K | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Series A Preferred Stock, $0.0001 par value, 500,000 shares authorized, 453,966 and 453,966 shares issued and outstanding as of November 30, 2022 and August 31, 2022, respectively |
PreferredStockValue
|
$45.00 | USD | Point-in-time |
| Series A Preferred Stock, $0.0001 par value, 500,000 shares authorized, 453,966 and 453,966 shares issued and outstanding as of November 30, 2022 and August 31, 2022, respectively |
PreferredStockValue
|
$45.00 | USD | Point-in-time |
| Common stock, $0.0001 par value, 500,000,000 shares authorized; 48,778,344 and 48,606,915 shares issued and outstanding as of November 30, 2022 and August 31, 2022 respectively |
CommonStockValue
|
$4.86K | USD | Point-in-time |
| Common stock, $0.0001 par value, 500,000,000 shares authorized; 48,778,344 and 48,606,915 shares issued and outstanding as of November 30, 2022 and August 31, 2022 respectively |
CommonStockValue
|
$4.88K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$9.87M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$9.94M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-2.94M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-2.47M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$360.55K | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$7.01M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$201.80K | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$7.40M | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$7.97M | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$8.21M | USD | Point-in-time |
Income Statement
44 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Earnings Per Share, Basic |
EarningsPerShareBasic
|
$-0.02 | USD | 1 Quarter |
| Revenue from the sale of mining equipment |
RevenueFromSaleOfMiningEquipment
|
$72.80K | USD | 1 Quarter |
| Earnings Per Share, Basic |
EarningsPerShareBasic
|
$-0.01 | USD | 1 Quarter |
| Revenue from the sale of mining equipment |
RevenueFromSaleOfMiningEquipment
|
- | USD | 1 Quarter |
| Earnings Per Share, Diluted |
EarningsPerShareDiluted
|
$-0.02 | USD | 1 Quarter |
| Earnings Per Share, Diluted |
EarningsPerShareDiluted
|
$-0.01 | USD | 1 Quarter |
| Revenue from self-mining |
RevenueFromSelfMining
|
- | USD | 1 Quarter |
| Revenue from self-mining |
RevenueFromSelfMining
|
$28.92K | USD | 1 Quarter |
| Total revenue |
Revenues
|
$101.72K | USD | 1 Quarter |
| Weighted Average Number of Shares Outstanding, Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
40.60M | shares | 1 Quarter |
| Weighted Average Number of Shares Outstanding, Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
48.69M | shares | 1 Quarter |
| Total revenue |
Revenues
|
- | USD | 1 Quarter |
| Cost of sales mining equipment |
CostOfSalesMiningEquipment
|
- | USD | 1 Quarter |
| Cost of sales mining equipment |
CostOfSalesMiningEquipment
|
$43.08K | USD | 1 Quarter |
| Weighted Average Number of Shares Outstanding, Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
40.60M | shares | 1 Quarter |
| Weighted Average Number of Shares Outstanding, Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
48.69M | shares | 1 Quarter |
| Cost of sales mining |
CostOfSalesMining
|
$75.39K | USD | 1 Quarter |
| Cost of sales mining |
CostOfSalesMining
|
- | USD | 1 Quarter |
| Gross (loss) |
GrossProfit
|
$-16.76K | USD | 1 Quarter |
| Gross (loss) |
GrossProfit
|
- | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$28.54K | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$77.53K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$161.74K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$623.50K | USD | 1 Quarter |
| Related party compensation |
CostsAndExpensesRelatedParty
|
$12.00K | USD | 1 Quarter |
| Related party compensation |
CostsAndExpensesRelatedParty
|
$109.39K | USD | 1 Quarter |
| Impairment of fixed assets |
AssetImpairmentCharges
|
- | USD | 1 Quarter |
| Impairment of fixed assets |
AssetImpairmentCharges
|
$122.95K | USD | 1 Quarter |
| Impairment of cryptocurrency |
ImpairmentOfCryptocurrency
|
- | USD | 1 Quarter |
| Impairment of cryptocurrency |
ImpairmentOfCryptocurrency
|
$3.52K | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$664.04K | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$475.14K | USD | 1 Quarter |
| Loss from operations |
OperatingIncomeLoss
|
$-664.04K | USD | 1 Quarter |
| Loss from operations |
OperatingIncomeLoss
|
$-491.89K | USD | 1 Quarter |
| Interest expense |
InterestExpenseOther
|
$44.71K | USD | 1 Quarter |
| Interest expense |
InterestExpenseOther
|
$4.81K | USD | 1 Quarter |
| Other income |
OtherNonoperatingIncome
|
$16.94K | USD | 1 Quarter |
| Other income |
OtherNonoperatingIncome
|
- | USD | 1 Quarter |
| Interest income |
InterestAndOtherIncome
|
- | USD | 1 Quarter |
| Interest income |
InterestAndOtherIncome
|
$9.10K | USD | 1 Quarter |
| Other income (expense), net |
NonoperatingIncomeExpense
|
$-44.71K | USD | 1 Quarter |
| Other income (expense), net |
NonoperatingIncomeExpense
|
$21.23K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-708.76K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-470.67K | USD | 1 Quarter |
Cash Flow Statement
50 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
NetIncomeLoss
|
$-708.76K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-470.67K | USD | 1 Quarter |
| Stock based compensation |
ShareBasedCompensation
|
$75.43K | USD | 1 Quarter |
| Stock based compensation |
ShareBasedCompensation
|
$550.00K | USD | 1 Quarter |
| Depreciation |
Depreciation
|
- | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$59.05K | USD | 1 Quarter |
| Notes receivable |
IncreaseDecreaseInNotesReceivables
|
- | USD | 1 Quarter |
| Notes receivable |
IncreaseDecreaseInNotesReceivables
|
$1.20M | USD | 1 Quarter |
| Impairment of fixed assets |
AssetImpairmentCharges
|
- | USD | 1 Quarter |
| Impairment of fixed assets |
AssetImpairmentCharges
|
$122.95K | USD | 1 Quarter |
| Impairment of cryptocurrency |
ImpairmentOfCryptocurrency
|
- | USD | 1 Quarter |
| Impairment of cryptocurrency |
ImpairmentOfCryptocurrency
|
$3.52K | USD | 1 Quarter |
| Cryptocurrencies |
IncreaseDecreaseInCryptocurrencies
|
$3.20K | USD | 1 Quarter |
| Cryptocurrencies |
IncreaseDecreaseInCryptocurrencies
|
- | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInOtherAccountsPayable
|
$25.02K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInOtherAccountsPayable
|
$-33.03K | USD | 1 Quarter |
| Deferred revenue |
IncreaseDecreaseInDeferredRevenue
|
$255.67K | USD | 1 Quarter |
| Deferred revenue |
IncreaseDecreaseInDeferredRevenue
|
- | USD | 1 Quarter |
| Accrued interest related party |
IncreaseDecreaseInInterestPayableNet
|
$44.71K | USD | 1 Quarter |
| Accrued interest related party |
IncreaseDecreaseInInterestPayableNet
|
$4.81K | USD | 1 Quarter |
| Accrued liabilities - related parties |
IncreaseDecreaseInAccountsPayableRelatedParties
|
$19.50K | USD | 1 Quarter |
| Accrued liabilities - related parties |
IncreaseDecreaseInAccountsPayableRelatedParties
|
- | USD | 1 Quarter |
| Net cash (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-1.18M | USD | 1 Quarter |
| Net cash (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-69.52K | USD | 1 Quarter |
| Investment in joint venture |
PaymentsToAcquireInterestInJointVenture
|
$987.43K | USD | 1 Quarter |
| Investment in joint venture |
PaymentsToAcquireInterestInJointVenture
|
- | USD | 1 Quarter |
| Sale of fixed assets |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
- | USD | 1 Quarter |
| Sale of fixed assets |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$1.56M | USD | 1 Quarter |
| Purchase of fixed assets |
PaymentsToAcquirePropertyPlantAndEquipment
|
$1.48M | USD | 1 Quarter |
| Purchase of fixed assets |
PaymentsToAcquirePropertyPlantAndEquipment
|
- | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$571.01K | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-1.48M | USD | 1 Quarter |
| Related party loans |
ProceedsFromRelatedPartyDebt
|
$1.47M | USD | 1 Quarter |
| Related party loans |
ProceedsFromRelatedPartyDebt
|
$400.00K | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$400.00K | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$1.47M | USD | 1 Quarter |
| Net (decrease) in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$-211.90K | USD | 1 Quarter |
| Net (decrease) in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$-76.67K | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$392.55K | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$180.65K | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$218.74K | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$142.07K | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$392.55K | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$180.65K | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$218.74K | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$142.07K | USD | Point-in-time |
| Cash paid for interest |
InterestPaidNet
|
- | USD | 1 Quarter |
| Cash paid for interest |
InterestPaidNet
|
- | USD | 1 Quarter |
| Cash paid for income taxes |
IncomeTaxesPaidNet
|
- | USD | 1 Quarter |
| Cash paid for income taxes |
IncomeTaxesPaidNet
|
- | USD | 1 Quarter |
Stockholders Equity
13 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning balance, value |
StockholdersEquity
|
$360.55K | USD | Point-in-time |
| Beginning balance, value |
StockholdersEquity
|
$7.01M | USD | Point-in-time |
| Beginning balance, value |
StockholdersEquity
|
$201.80K | USD | Point-in-time |
| Beginning balance, value |
StockholdersEquity
|
$7.40M | USD | Point-in-time |
| Common shares issued for services |
StockIssuedDuringPeriodValueIssuedForServices
|
$550.00K | USD | 1 Quarter |
| Common shares issued for services |
StockIssuedDuringPeriodValueIssuedForServices
|
$44.00K | USD | 1 Quarter |
| Ending balance, value |
StockholdersEquity
|
$360.55K | USD | Point-in-time |
| Ending balance, value |
StockholdersEquity
|
$7.01M | USD | Point-in-time |
| Ending balance, value |
StockholdersEquity
|
$201.80K | USD | Point-in-time |
| Ending balance, value |
StockholdersEquity
|
$7.40M | USD | Point-in-time |
| Net loss |
NetIncomeLoss
|
$-708.76K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-470.67K | USD | 1 Quarter |
| Common stock issued for services, related party |
CommonStockIssuedForServicesRelatedParty
|
$31.43K | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.