| Schedule of Segment Reporting Information, by Segment |
The Specialty Finance segment generates revenue from providing funding to nonprofit community associations. The Mining Operations segment generates revenue from the Bitcoin the Company earns through its mining activities.
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|
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Three Months Ended June 30, 2025 |
|
|
Specialty Finance |
|
Mining Operations |
|
All Other |
|
Total |
|
Revenue, net |
$ |
121,960 |
|
$ |
1,806,364 |
|
$ |
- |
|
$ |
1,928,324 |
|
Digital mining cost of revenue |
|
- |
|
|
1,288,399 |
|
|
- |
|
|
1,288,399 |
|
Curtailment and energy sales |
|
- |
|
|
(223,269 |
) |
|
- |
|
|
(223,269 |
) |
Staff costs and payroll |
|
211,239 |
|
|
310,336 |
|
|
566,052 |
|
|
1,087,627 |
|
Unrealized gain on FMV of mined bitcoin |
|
- |
|
|
(3,761,139 |
) |
- |
|
|
(3,761,139 |
) |
Depreciation and amortization |
|
476 |
|
|
1,981,510 |
|
|
57,357 |
|
|
2,039,343 |
|
Loss on disposal of fixed assets |
|
- |
|
|
99,578 |
|
|
- |
|
|
99,578 |
|
Other segment expenses (1) |
|
198,363 |
|
|
383,703 |
|
|
491,782 |
|
|
1,073,848 |
|
Operating income (loss) |
|
(288,118 |
) |
|
1,826,824 |
|
|
(1,115,191 |
) |
|
423,515 |
|
Unrealized loss on investment and equity securities |
|
- |
|
|
- |
|
|
(130,890 |
) |
|
(130,890 |
) |
Unrealized loss on marketable securities |
|
- |
|
|
- |
|
|
(5,110 |
) |
|
(5,110 |
) |
Interest income |
|
- |
|
|
- |
|
|
531 |
|
|
531 |
|
Interest expense |
|
- |
|
|
(186,696 |
) |
|
(40,850 |
) |
|
(227,546 |
) |
Income (loss) before income taxes |
|
(288,118 |
) |
|
1,640,128 |
|
|
(1,291,510 |
) |
|
60,500 |
|
Fixed asset additions |
|
- |
|
|
15,182 |
|
|
191,957 |
|
|
207,139 |
|
|
|
|
|
|
|
|
|
|
|
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Six Months Ended June 30, 2025 |
|
|
Specialty Finance |
|
Mining Operations |
|
All Other |
|
Total |
|
Revenue, net |
$ |
219,357 |
|
$ |
4,080,304 |
|
$ |
- |
|
$ |
4,299,661 |
|
Digital mining cost of revenue |
|
- |
|
|
2,836,694 |
|
|
- |
|
|
2,836,694 |
|
Curtailment and energy sales |
|
- |
|
|
(372,955 |
) |
|
- |
|
|
(372,955 |
) |
Staff costs and payroll |
|
341,860 |
|
|
539,309 |
|
|
1,256,935 |
|
|
2,138,104 |
|
Unrealized gain on FMV of mined bitcoin |
|
- |
|
|
(1,951,163 |
) |
|
- |
|
|
(1,951,163 |
) |
Depreciation and amortization |
|
953 |
|
|
3,961,602 |
|
|
114,366 |
|
|
4,076,921 |
|
Loss on disposal of fixed assets |
|
- |
|
|
286,359 |
|
|
- |
|
|
286,359 |
|
Other segment expenses (1) |
|
413,247 |
|
|
569,089 |
|
|
979,690 |
|
|
1,962,026 |
|
Operating loss |
|
(536,703 |
) |
|
(1,788,631 |
) |
|
(2,350,991 |
) |
|
(4,676,325 |
) |
FMV adjustment on purchased digital assets |
|
- |
|
|
(52,704 |
) |
|
- |
|
|
(52,704 |
) |
Unrealized loss on investment and equity securities |
|
- |
|
|
- |
|
|
(156,874 |
) |
|
(156,874 |
) |
Unrealized loss on marketable securities |
|
- |
|
|
- |
|
|
(13,820 |
) |
|
(13,820 |
) |
Interest income |
|
- |
|
|
- |
|
|
1,676 |
|
|
1,676 |
|
Interest expense |
|
- |
|
|
(370,615 |
) |
|
(77,837 |
) |
|
(448,452 |
) |
Loss before income taxes |
|
(536,703 |
) |
|
(2,211,950 |
) |
|
(2,597,846 |
) |
|
(5,346,499 |
) |
Fixed asset additions |
|
1,170 |
|
|
374,034 |
|
|
2,007 |
|
|
377,212 |
|
|
|
|
|
|
|
|
|
|
|
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Three Months Ended June 30, 2024 |
|
|
Specialty Finance |
|
Mining Operations |
|
All Other |
|
Total |
|
Revenue, net |
$ |
118,274 |
|
$ |
2,893,073 |
|
$ |
- |
|
$ |
3,011,347 |
|
Digital mining cost of revenue |
|
- |
|
|
2,357,111 |
|
|
- |
|
|
2,357,111 |
|
Staff costs and payroll |
|
211,239 |
|
|
146,033 |
|
|
480,616 |
|
|
837,888 |
|
Loss on fair value of Bitcoin, net |
|
- |
|
|
1,265,485 |
|
|
- |
|
|
1,265,485 |
|
Depreciation and amortization |
|
1,306 |
|
|
1,872,452 |
|
|
1,601 |
|
|
1,875,359 |
|
Loss on disposal of fixed assets |
|
- |
|
|
33,887 |
|
|
- |
|
|
33,887 |
|
Other segment expenses (1) |
|
137,976 |
|
|
64,559 |
|
|
752,106 |
|
|
954,641 |
|
Operating loss |
|
(232,247 |
) |
|
(2,846,454 |
) |
|
(1,234,323 |
) |
|
(4,313,024 |
) |
Unrealized loss on investment and equity securities |
|
- |
|
|
- |
|
|
(1,856,737 |
) |
|
(1,856,737 |
) |
Unrealized gain on marketable securities |
|
- |
|
|
- |
|
|
6,440 |
|
|
6,440 |
|
Interest income |
|
- |
|
|
- |
|
|
17,228 |
|
|
17,228 |
|
Interest expense |
|
- |
|
|
(18,400 |
) |
|
(18,493 |
) |
|
(36,893 |
) |
Loss before income taxes |
|
(232,247 |
) |
|
(2,864,854 |
) |
|
(3,085,885 |
) |
|
(6,182,986 |
) |
Fixed asset additions |
|
- |
|
|
1,226,602 |
|
|
- |
|
|
1,226,602 |
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Six Months Ended June 30, 2024 |
|
|
Specialty Finance |
|
Mining Operations |
|
All Other |
|
Total |
|
Revenue, net |
$ |
267,970 |
|
$ |
7,490,981 |
|
$ |
- |
|
$ |
7,758,951 |
|
Digital mining cost of revenue |
|
- |
|
|
5,012,057 |
|
|
- |
|
|
5,012,057 |
|
Staff costs and payroll |
|
341,860 |
|
|
233,264 |
|
|
1,505,790 |
|
|
2,080,914 |
|
Gain on fair value of Bitcoin, net |
|
- |
|
|
(2,992,030 |
) |
|
- |
|
|
(2,992,030 |
) |
Depreciation and amortization |
|
2,672 |
|
|
3,845,642 |
|
|
3,241 |
|
|
3,851,555 |
|
Impairment loss on mining machines |
|
- |
|
|
1,188,058 |
|
|
- |
|
|
1,188,058 |
|
Loss on disposal of fixed assets |
|
- |
|
|
42,057 |
|
|
- |
|
|
42,057 |
|
Other segment expenses (1) |
|
462,769 |
|
|
293,848 |
|
|
1,128,443 |
|
|
1,885,060 |
|
Operating loss |
|
(539,331 |
) |
|
(131,915 |
) |
|
(2,637,474 |
) |
|
(3,308,720 |
) |
Gain on fair value of purchased Bitcoin, net |
|
- |
|
|
- |
|
|
57,926 |
|
|
57,926 |
|
Unrealized loss on investment and equity securities |
|
- |
|
|
- |
|
|
(505,758 |
) |
|
(505,758 |
) |
Unrealized gain on marketable securities |
|
- |
|
|
- |
|
|
4,280 |
|
|
4,280 |
|
Other income - coupon sales |
|
- |
|
|
4,490 |
|
|
- |
|
|
4,490 |
|
Interest income |
|
- |
|
|
- |
|
|
26,353 |
|
|
26,353 |
|
Interest expense |
|
- |
|
|
(89,226 |
) |
|
(18,493 |
) |
|
(107,719 |
) |
Loss before income taxes |
|
(539,331 |
) |
|
(216,651 |
) |
|
(3,073,166 |
) |
|
(3,829,148 |
) |
Fixed asset additions |
|
- |
|
|
1,226,602 |
|
|
- |
|
|
1,226,602 |
|
1) Other segment items for each reportable segment include rent, collection costs, office and general business expenses, travel and insurance costs.
|