Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v3.8.0.1
Acquisitions (Tables)
3 Months Ended
Mar. 31, 2018
Business Combinations [Abstract]  
Schedule of Assets and Liabilities Acquired
The purchase price for the miners was recorded as follow:
 
   
March 31, 2018
 
Cash consideration
 
$
11,000,000
 
Fair value of common stock
   
8,480,000
 
Deferred tax liability
   
2,918,000
 
Other expenses
   
2,000
 
   
$
22,400,000
Schedule of Intangible rights acquired
On March 26, 2018, the CFTC license was recorded as follows (unaudited):

   
March 31, 2018
 
Cash, net of cash acquired
 
$
500,000
 
Deferred tax liability
   
142,709
 
Non-controlling interest
   
40,541
 
Legal expense
   
16,918
 
   
$
700,168