Annual report pursuant to Section 13 and 15(d)

Investments (Tables)

v3.21.1
Investments (Tables)
12 Months Ended
Dec. 31, 2020
Investments, All Other Investments [Abstract]  
Schedule of Long-Term Investments

Long-term investments consisted of the following as of December 31, 2020 and 2019:

Coinsquare

Tess

Verady

Total

Balance at January 1, 2019

$

9,413

$

$

200

$

9,613

Investment in Tess

90

90

Accrued interest on convertible note

20

20

Balance at December 31, 2019

9,413

90

220

9,723

Impairment of long-term investment

(9,413

)

(9,413

)

Balance at December 31, 2020

$

$

90

$

220

$

310

Schedule of Fair Value Shares

April 10, 2019

Tess shares held by Riot Blockchain, Inc.

2,708,333

Per share fair value

$

0.03

Fair value of Tess shares held by Riot Blockchain, Inc.

$

90

Schedule of Calculation of Gain on Deconsolidation of Tess

The deconsolidation of Tess resulted in a gain of approximately $1.1 million calculated as follows on the date of deconsolidation:

Current assets

$

130

Less:

Accounts payable

761

Accrued expenses

275

Convertible notes

1,696

Net liabilities

(2,602

)

Non-controlling interest share

1,553

Sub-total

(1,048

)

Less: fair value of shares owned by Riot Blockchain

90

Gain on deconsolidation of Tess

$

(1,139

)