v3.23.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (7,787,269) $ (4,978,358)
Adjustments to reconcile net loss to net cash used in operations:    
Non-cash mining revenue (726,179) (304,004)
Depreciation and amortization 6,858,171 1,890,899
Stock based compensation 624,683 296,042
Common stock to be issued for services to Directors 164,999 165,009
Operating lease expense 2,674
Gain on forgiveness of debt (236,231)
Accounts receivable 35,796 (314,828)
Prepaid expenses and other current assets (848,625) (415,889)
Other long-term assets (51,032) (67,738)
Accounts payable 11,504 141,794
Other accrued liabilities (203,429) 312,548
Net cash (used in) operating activities (1,921,381) (3,508,082)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of property and equipment (1,562,361) (9,596,599)
Acquisition of intangible assets (16,065,001)
Net cash used in investing activities (1,562,361) (25,661,600)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from note payable 875,000
Payments on note payable (317,571) (7,654,845)
Proceeds from exercise of warrants 8,090,709
Proceeds from sale of common stock units 28,379,650
Proceeds from exercise of options – related party 16
Cash used for acquisition of treasury stock (110,000)
Net cash provided by financing activities 447,429 28,815,530
Net change in cash (3,036,313) (354,152)
Cash – beginning of year 3,470,339 3,824,491
Cash – end of year 434,026 3,470,339
Cash paid for:    
Interest 116,736
Income taxes
Supplemental non-cash disclosure:    
Establishment of ROU operating lease asset and related liability 233,308
Merchant portfolio purchase installment obligation 2,000,000
Options issued for acquisition of natural gas rights $ 4,499,952