v3.26.1
Summary of Significant Accounting Policies and Practices (Tables)
 12 Months Ended
Dec. 31, 2025
Summary of Significant Accounting Policies and Practices [Abstract]  
Schedule of Fair Value Assets and Liabilities Gain Loss

On May 18, 2020, the fair value of the following assets and liabilities were acquired resulting in the total loss of approximately $5.7 million:

 

Dollars in thousands    
Total Purchase Price  $9,660 
Net Assets Acquired:     
Assets     
Cash and cash equivalents   13,664 
Restricted cash   26,524 
Accounts receivable   7,462 
Inventories   8 
Prepaid expenses and other current assets   110 
Intangible assets   2,969 
Other assets   2,682 
Total Assets   53,419 
Liabilities     
Accounts payable and accrued liabilities   (49,438)
Total Liabilities   (49,438)
Net Assets Acquired   3,981 
Loss on Acquisition  $5,679 

On August 3, 2020, the fair value of the following assets and liabilities were disposed of resulting in the total gain of approximately $0.063 million:

 

Dollars in thousands    
Total Selling Price  $3,500 
Net Assets Disposed:     
      
Total Assets   53,654 
Total Liabilities   (50,217)
Net Assets Disposed   3,437 
Income from disposal of discontinued operations  $63 

On November 2, 2022, the fair value of the following assets and liabilities were disposed of resulting in the total loss of approximately $0.8 million:

 

Dollars in thousands    
Total Selling Price  $17,000 
Net Assets Disposed:     
      
Total Assets   110,201 
Total Liabilities   (94,012)
Net Assets Disposed   16,189 
Income from disposal of discontinued operations  $811 

The Seller desires to sell to the Purchaser, and the Purchaser desire to purchase from the Seller, all of the Purchased Shares (as hereinafter defined) in exchange for US$ 17.0 million (the “Purchase Price”), subject to the terms and conditions set forth herein (the “Transaction”).

 

Dollars in thousands    
Total Purchase Price   17,000 
Net Assets Acquired:     
Assets     
Cash and cash equivalents   4,942 
Accounts receivable   2,509 
Inventories   16,424 
Prepaid expenses and other current assets   82,660 
Fixed assets   3,059 
Long term investment   607 
Total assets   110,201 
Liabilities     
Accounts payable and accrued liabilities   (94,644)
Tax recovery   972 
Leasing liabilities   (1,774)
Total Liabilities   (95,446)
Accumulated Other Comprehensive Income   1,434 
Net Assets Sold:   16,189 
Gain on disposal   811 
Schedule of Loss on Discontinued Operations

Loss on discontinued operations for the year ended December 31, 2020 was as follows:

 

Dollars in thousands    
Revenue  $453 
Expenses   (998)
Loss on discontinued operations  $(545)

Loss on discontinued operations for the year ended December 31, 2022 was as follows:

 

Dollars in thousands    
Revenue  $81,977 
Expenses   (83,049)
Loss on discontinued operations  $(1,072)
Schedule of Estimated Useful Lives The estimated useful lives are as follows:
Category   Depreciation method   Estimated useful lives
Office equipment, fixtures and furniture   Straight-line   5 years
Mining equipment   Straight-line   3-5 years
Computer   Straight-line   3 years
Motor vehicles   Straight-line   5 years