10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001683168-24-000250 |
| Period End Date | 20231130 |
| Filing Date | 20240112 |
| Fiscal Year | 2024 |
| Fiscal Period | Q1 |
| XBRL Instance | bitmine_i10q-113023_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
66 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$270.55K | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$470.53K | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrent
|
$105.00K | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrent
|
$230.45K | USD | Point-in-time |
| Cryptocurrency |
Cryptocurrency
|
$129.47K | USD | Point-in-time |
| Cryptocurrency |
Cryptocurrency
|
$152.99K | USD | Point-in-time |
| Notes receivable-short term |
AccountsNotesAndLoansReceivableNetCurrent
|
$731.47K | USD | Point-in-time |
| Notes receivable-short term |
AccountsNotesAndLoansReceivableNetCurrent
|
- | USD | Point-in-time |
| Notes receivable related party-short term |
NotesReceivableRelatedPartyshortTerm
|
$374.44K | USD | Point-in-time |
| Notes receivable related party-short term |
NotesReceivableRelatedPartyshortTerm
|
$374.44K | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$879.46K | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$1.96M | USD | Point-in-time |
| Notes receivable-long term |
NotesReceivableLongTerm
|
$731.47K | USD | Point-in-time |
| Notes receivable-long term |
NotesReceivableLongTerm
|
- | USD | Point-in-time |
| Notes receivable-related party long term |
NotesReceivableRelatedPartyLongTerm
|
$561.67K | USD | Point-in-time |
| Notes receivable-related party long term |
NotesReceivableRelatedPartyLongTerm
|
$655.28K | USD | Point-in-time |
| Investment in joint venture |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$987.43K | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Investment in joint venture |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$944.22K | USD | Point-in-time |
| Fixed assets, net |
FixedAssetsNet
|
$495.70K | USD | Point-in-time |
| Common Stock, shares authorized |
CommonStockSharesAuthorized
|
500.00M | shares | Point-in-time |
| Fixed assets, net |
FixedAssetsNet
|
$2.10M | USD | Point-in-time |
| Common Stock, shares authorized |
CommonStockSharesAuthorized
|
500.00M | shares | Point-in-time |
| Fixed assets-not in service |
FixedAssetsNotInService
|
$3.02M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
49.67M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
49.75M | shares | Point-in-time |
| Fixed assets-not in service |
FixedAssetsNotInService
|
$4.45M | USD | Point-in-time |
| Total assets |
Assets
|
$8.20M | USD | Point-in-time |
| Total assets |
Assets
|
$8.58M | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
49.67M | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
49.75M | shares | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableCurrent
|
$202.51K | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableCurrent
|
$74.90K | USD | Point-in-time |
| Accrued interest-related party |
InterestPayableCurrent
|
$97.46K | USD | Point-in-time |
| Accrued interest-related party |
InterestPayableCurrent
|
$146.45K | USD | Point-in-time |
| Loans payable-related party |
LoansPayableRelatedParty
|
$1.30M | USD | Point-in-time |
| Loans payable-related party |
LoansPayableRelatedParty
|
$1.62M | USD | Point-in-time |
| Bitcoin loan |
LoansPayable
|
$394.92K | USD | Point-in-time |
| Bitcoin loan |
LoansPayable
|
- | USD | Point-in-time |
| Derivative liability |
DerivativeLiabilitiesCurrent
|
- | USD | Point-in-time |
| Derivative liability |
DerivativeLiabilitiesCurrent
|
$152.61K | USD | Point-in-time |
| Deferred revenue-short term |
DeferredRevenueCurrent
|
$86.19K | USD | Point-in-time |
| Deferred revenue-short term |
DeferredRevenueCurrent
|
$86.19K | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$2.61M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$1.56M | USD | Point-in-time |
| Deferred revenue long term |
DeferredRevenueNoncurrent
|
$386.88K | USD | Point-in-time |
| Deferred revenue long term |
DeferredRevenueNoncurrent
|
$365.33K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$2.97M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$1.95M | 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, 2023 and August 31, 2023, 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, 2023 and August 31, 2023, respectively |
PreferredStockValue
|
$45.00 | USD | Point-in-time |
| Common stock, $0.0001 par value, 500,000,000 shares authorized; 49,748,705 and 49,665,649 shares issued and outstanding as of November 30, 2023 and August 31, 2023 respectively |
CommonStockValue
|
$4.97K | USD | Point-in-time |
| Common stock, $0.0001 par value, 500,000,000 shares authorized; 49,748,705 and 49,665,649 shares issued and outstanding as of November 30, 2023 and August 31, 2023 respectively |
CommonStockValue
|
$4.97K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$11.18M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$11.46M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-5.86M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-4.93M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$7.40M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$7.01M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$5.61M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$6.26M | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$8.58M | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$8.20M | USD | Point-in-time |
Income Statement
56 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenue from the sale of mining equipment |
RevenueFromSaleOfMiningEquipment
|
$169.72K | USD | 1 Quarter |
| Revenue from the sale of mining equipment |
RevenueFromSaleOfMiningEquipment
|
$72.80K | USD | 1 Quarter |
| Basic earnings (loss) per common share |
EarningsPerShareBasic
|
$-0.02 | USD | 1 Quarter |
| Basic earnings (loss) per common share |
EarningsPerShareBasic
|
$-0.01 | USD | 1 Quarter |
| Diluted earnings (loss) per common share |
EarningsPerShareDiluted
|
$-0.01 | USD | 1 Quarter |
| Diluted earnings (loss) per common share |
EarningsPerShareDiluted
|
$-0.02 | USD | 1 Quarter |
| Revenue from hosting, net |
RevenueFromHostingNet
|
$11.86K | USD | 1 Quarter |
| Revenue from hosting, net |
RevenueFromHostingNet
|
- | USD | 1 Quarter |
| Weighted-average number of common shares outstanding, Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
48.69M | shares | 1 Quarter |
| Weighted-average number of common shares outstanding, Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
49.75M | shares | 1 Quarter |
| Revenue from self- mining |
RevenueFromSelfMining
|
$28.92K | USD | 1 Quarter |
| Revenue from self- mining |
RevenueFromSelfMining
|
$329.72K | USD | 1 Quarter |
| Total revenue |
Revenues
|
$101.72K | USD | 1 Quarter |
| Weighted-average number of common shares outstanding, Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
49.75M | shares | 1 Quarter |
| Total revenue |
Revenues
|
$511.31K | USD | 1 Quarter |
| Weighted-average number of common shares outstanding, Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
48.69M | shares | 1 Quarter |
| Cost of sales mining equipment |
CostOfSalesMiningEquipment
|
$180.89K | USD | 1 Quarter |
| Cost of sales mining equipment |
CostOfSalesMiningEquipment
|
$43.08K | USD | 1 Quarter |
| Cost of sales self-mining |
CostOfSalesMining
|
$75.39K | USD | 1 Quarter |
| Cost of sales self-mining |
CostOfSalesMining
|
$222.94K | USD | 1 Quarter |
| Cost of sales hosting |
CostOfSalesHosting
|
- | USD | 1 Quarter |
| Cost of sales hosting |
CostOfSalesHosting
|
$3.39K | USD | 1 Quarter |
| Gross profit (loss) |
GrossProfit
|
$-16.76K | USD | 1 Quarter |
| Gross profit (loss) |
GrossProfit
|
$104.08K | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$18.48K | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$68.40K | USD | 1 Quarter |
| Depreciation |
DepreciationDepletionAndAmortization
|
$59.05K | USD | 1 Quarter |
| Depreciation |
DepreciationDepletionAndAmortization
|
$222.53K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$161.74K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$75.86K | USD | 1 Quarter |
| Related party compensation |
CostsAndExpensesRelatedParty
|
$349.17K | USD | 1 Quarter |
| Related party compensation |
CostsAndExpensesRelatedParty
|
$109.39K | USD | 1 Quarter |
| Impairment of fixed assets |
AssetImpairmentCharges
|
$122.95K | USD | 1 Quarter |
| Impairment of fixed assets |
AssetImpairmentCharges
|
- | USD | 1 Quarter |
| Impairment of cryptocurrency |
ImpairmentOfCryptocurrency
|
- | USD | 1 Quarter |
| Impairment of cryptocurrency |
ImpairmentOfCryptocurrency
|
$3.52K | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$475.14K | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$715.96K | USD | 1 Quarter |
| Loss from operations |
OperatingIncomeLoss
|
$-491.89K | USD | 1 Quarter |
| Loss from operations |
OperatingIncomeLoss
|
$-611.88K | USD | 1 Quarter |
| Interest expense |
InterestExpenseOther
|
$99.42K | USD | 1 Quarter |
| Interest expense |
InterestExpenseOther
|
$4.81K | USD | 1 Quarter |
| Loss on the extinguishment of debt |
GainsLossesOnExtinguishmentOfDebt
|
- | USD | 1 Quarter |
| Loss on the extinguishment of debt |
GainsLossesOnExtinguishmentOfDebt
|
$-37.54K | USD | 1 Quarter |
| Loss on investment |
GainLossOnInvestments
|
$-43.21K | USD | 1 Quarter |
| Loss on investment |
GainLossOnInvestments
|
- | USD | 1 Quarter |
| Change in derivative liability |
ChangeInDerivativeLiability
|
$-152.61K | USD | 1 Quarter |
| Change in derivative liability |
ChangeInDerivativeLiability
|
- | USD | 1 Quarter |
| Other income |
OtherNonoperatingIncome
|
- | USD | 1 Quarter |
| Other income |
OtherNonoperatingIncome
|
$16.94K | USD | 1 Quarter |
| Interest income |
InterestAndOtherIncome
|
$9.10K | USD | 1 Quarter |
| Interest income |
InterestAndOtherIncome
|
$14.79K | USD | 1 Quarter |
| Other income (expense), net |
NonoperatingIncomeExpense
|
$21.23K | USD | 1 Quarter |
| Other income (expense), net |
NonoperatingIncomeExpense
|
$-317.99K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-470.67K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-929.87K | USD | 1 Quarter |
Cash Flow Statement
56 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
NetIncomeLoss
|
$-470.67K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-929.87K | USD | 1 Quarter |
| Stock based compensation |
ShareBasedCompensation
|
$75.43K | USD | 1 Quarter |
| Stock based compensation |
ShareBasedCompensation
|
$279.50K | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$222.53K | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$59.05K | USD | 1 Quarter |
| Loss on the sale of equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
- | USD | 1 Quarter |
| Loss on the sale of equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
$-31.64K | USD | 1 Quarter |
| Change in derivative liability |
ChangeInDerivativeLiability
|
$-152.61K | USD | 1 Quarter |
| Change in derivative liability |
ChangeInDerivativeLiability
|
- | USD | 1 Quarter |
| Loss on investment |
GainLossOnInvestments
|
$-43.21K | USD | 1 Quarter |
| Loss on investment |
GainLossOnInvestments
|
- | USD | 1 Quarter |
| Impairment of fixed assets |
AssetImpairmentCharges
|
$122.95K | USD | 1 Quarter |
| Impairment of fixed assets |
AssetImpairmentCharges
|
- | USD | 1 Quarter |
| Impairment of cryptocurrency |
ImpairmentOfCryptocurrency
|
- | USD | 1 Quarter |
| Impairment of cryptocurrency |
ImpairmentOfCryptocurrency
|
$3.52K | USD | 1 Quarter |
| Cryptocurrencies |
IncreaseDecreaseInCryptocurrencies
|
$-31.88K | USD | 1 Quarter |
| Cryptocurrencies |
IncreaseDecreaseInCryptocurrencies
|
$3.20K | USD | 1 Quarter |
| Accounts receivable other |
IncreaseDecreaseInAccountsAndOtherReceivables
|
- | USD | 1 Quarter |
| Accounts receivable other |
IncreaseDecreaseInAccountsAndOtherReceivables
|
$1.20M | USD | 1 Quarter |
| Notes receivable |
IncreaseDecreaseInNotesReceivables
|
$-571.01K | USD | 1 Quarter |
| Notes receivable |
IncreaseDecreaseInNotesReceivables
|
$-93.61K | USD | 1 Quarter |
| Prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$125.45K | USD | 1 Quarter |
| Prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
- | USD | 1 Quarter |
| Accounts payable and accrued expenses |
IncreaseDecreaseInOtherAccountsPayable
|
$127.61K | USD | 1 Quarter |
| Accounts payable and accrued expenses |
IncreaseDecreaseInOtherAccountsPayable
|
$-33.03K | USD | 1 Quarter |
| Deferred revenue |
IncreaseDecreaseInDeferredRevenue
|
$-21.55K | USD | 1 Quarter |
| Deferred revenue |
IncreaseDecreaseInDeferredRevenue
|
$255.67K | USD | 1 Quarter |
| Accrued interest-related party |
IncreaseDecreaseInInterestPayableNet
|
$4.81K | USD | 1 Quarter |
| Accrued interest-related party |
IncreaseDecreaseInInterestPayableNet
|
$48.99K | USD | 1 Quarter |
| Net cash (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-611.90K | USD | 1 Quarter |
| Net cash (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-45.29K | USD | 1 Quarter |
| Purchase of fixed assets |
PaymentsToAcquirePropertyPlantAndEquipment
|
$79.73K | USD | 1 Quarter |
| Purchase of fixed assets |
PaymentsToAcquirePropertyPlantAndEquipment
|
- | USD | 1 Quarter |
| Net cash (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
- | USD | 1 Quarter |
| Net cash (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-79.73K | USD | 1 Quarter |
| Related party loans-net |
ProceedsFromRelatedPartyDebt
|
$400.00K | USD | 1 Quarter |
| Related party loans-net |
ProceedsFromRelatedPartyDebt
|
$325.00K | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$325.00K | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$400.00K | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$199.98K | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$-211.90K | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$470.53K | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$270.55K | USD | Point-in-time |
| 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 end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$470.53K | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$270.55K | 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 |
| Proceeds received from bitcoin loan |
ProceedsReceivedFromBitcoinLoan
|
$577.93K | USD | 1 Quarter |
| Proceeds received from bitcoin loan |
ProceedsReceivedFromBitcoinLoan
|
- | USD | 1 Quarter |
| Repayment of bitcoin loan in bitcoin |
RepaymentOfBitcoinLoanInBitcoin
|
$183.01K | USD | 1 Quarter |
| Repayment of bitcoin loan in bitcoin |
RepaymentOfBitcoinLoanInBitcoin
|
- | USD | 1 Quarter |
| Purchase of equipment with bitcoin |
PurchaseOfEquipmentWithBitcoin
|
$339.52K | USD | 1 Quarter |
| Purchase of equipment with bitcoin |
PurchaseOfEquipmentWithBitcoin
|
- | USD | 1 Quarter |
Stockholders Equity
13 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning balance, value |
StockholdersEquity
|
$7.40M | USD | Point-in-time |
| Beginning balance, value |
StockholdersEquity
|
$7.01M | USD | Point-in-time |
| Beginning balance, value |
StockholdersEquity
|
$5.61M | USD | Point-in-time |
| Beginning balance, value |
StockholdersEquity
|
$6.26M | USD | Point-in-time |
| Stock based compensation-related parties |
StockBasedCompensationRelatedPartiesValue
|
$279.50K | USD | 1 Quarter |
| Common stock issued for services-related party |
StockIssuedDuringPeriodValueIssuedForServicesRelatedParty
|
$31.43K | USD | 1 Quarter |
| Common shares issued for services |
StockIssuedDuringPeriodValueIssuedForServices
|
$44.00K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-470.67K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-929.87K | USD | 1 Quarter |
| Ending balance, value |
StockholdersEquity
|
$7.40M | USD | Point-in-time |
| Ending balance, value |
StockholdersEquity
|
$7.01M | USD | Point-in-time |
| Ending balance, value |
StockholdersEquity
|
$5.61M | USD | Point-in-time |
| Ending balance, value |
StockholdersEquity
|
$6.26M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.