Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.21.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Revenue:    
Total Revenue $ 12,081 $ 6,837
Costs and expenses:    
Cost of revenues (exclusive of depreciation and amortization shown below) 6,251 6,097
Selling, general and administrative 10,251 9,159
Depreciation and amortization 4,494 119
Impairment of intangible rights acquired 700
Impairment of long-term investment 9,413
Impairment of cryptocurrencies 989 844
Total costs and expenses 31,398 16,919
Operating loss (19,317) (10,082)
Other income (expense):    
Loss on issuance of convertible notes, common stock and warrants (6,155)
Change in fair value of warrant liability (2,869)
Change in fair value of convertible notes (3,896)
Reversal of registration rights penalty 1,358
Gain on deconsolidation of Tess 1,139
Gain on sale of equipment 29
Interest income 85
Interest expense (122)
Other income (expense) (6) 874
Realized gain on sale/exchange of cryptocurrencies 5,184 665
Total other income (expense) 6,650 (10,364)
Deferred income tax benefit 143
Net loss (12,667) (20,303)
Net (income) loss attributable to non-controlling interest (7) 264
Net loss attributable to Riot Blockchain $ (12,674) $ (20,039)
Basic and diluted net loss per share: $ (0.30) $ (1.02)
Basic and diluted weighted average number of shares outstanding 41,976,704 19,597,977
Revenue - cryptocurrency mining [Member]    
Revenue:    
Total Revenue $ 11,984 $ 6,741
License fees [Member]    
Revenue:    
Total Revenue $ 97 $ 96