Property and Equipment |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Property and Equipment | 3. Property and equipment
Property and equipment as of June 30, 2025 and December 31, 2024, are summarized as follows:
For the six months ended June 30, 2025 and 2024, the Company recorded $9,821 and $13,389 in depreciation expense, respectively. For the three months ended June 30, 2025 and 2024, the Company recorded $3,670 and $4,383 in depreciation expense, respectively.
During the six months ended June 30, 2025, the Company disposed of its remaining mining equipment in the amount of $54,325. As a result of the disposal, the Company recorded a loss on disposal of fixed assets in the amount of $18,327. |
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