Related Party Transactions |
6 Months Ended |
|---|---|
Jun. 30, 2024 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | Note 11. Related Party Transactions
The crypto exchange used by the Company to monetize its self-mined Bitcoin experienced difficulties beginning in early 2023 and was ultimately shut down. The Company was unable to find a suitable replacement given its low transaction frequency and small trade volumes. As a consequence, the Company used a personal brokerage account/crypto wallet of its former CEO to effect the sales of its mined Bitcoin. These transactions occurred approximately monthly and were executed and documented to provide no cost to the Company and no benefit to our former CEO. This has been remedied as of October 25, 2024 and the Company now has its own account/crypto wallet.
Accounts Payable – Related Party
During the year ended December 31, 2023, a former executive paid consultants reimbursable by the Company in the amount of $15, which are outstanding as of December 31, 2023. During the period ended June 30, 2024, an executive paid legal fees reimbursable by the company in the amount of $25. The Company has $40 outstanding as of June 30, 2024.
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