Acquisitions (Tables)
|
12 Months Ended |
Dec. 31, 2018 |
Prive Technologies, Inc. [Member] |
|
Business Acquisition [Line Items] |
|
Schedule of Assets and Liabilities Acquired |
The purchase price for the miners was recorded as follow:
Cash consideration
|
|
$
|
11,000,000
|
|
Fair value of common stock
|
|
|
8,480,000
|
|
Other expenses
|
|
|
2,000
|
|
|
|
$
|
19,482,000
|
|
|
Logical Brokerage Corp [Member] |
|
Business Acquisition [Line Items] |
|
Schedule of Assets and Liabilities Acquired |
On March 26, 2018, the CFTC license was recorded as follows:
Cash, net of cash acquired
|
|
$
|
500,000
|
|
Deferred tax liability
|
|
|
142,709
|
|
Non-controlling interest
|
|
|
40,541
|
|
Legal costs
|
|
|
16,917
|
|
Intangible rights acquired
|
|
$
|
700,167
|
|
|
Tess, Inc [Member] |
|
Business Acquisition [Line Items] |
|
Schedule of Assets and Liabilities Acquired |
The following is the allocation of the assets and liabilities acquired:
Cash
|
|
$
|
198,000
|
|
Accounts receivable and prepaid expenses
|
|
|
9,000
|
|
|
|
|
|
|
In-process research and development
|
|
|
720,000
|
|
Goodwill
|
|
|
799,000
|
|
Accounts payable
|
|
|
(21,000
|
)
|
Deferred income tax liability
|
|
|
(186,000
|
)
|
Non-controlling interest
|
|
|
(883,000
|
)
|
Purchase price
|
|
$
|
636,000
|
|
|
Schedule of Tess Related Party Transactions |
The following table provides the total amount of transactions that have been entered into with Tess related parties and outstanding balances with Tess related parties as of and for the years ended December 31, 2018 and 2017:
Services to Tess provided by:
|
|
December 31, 2018
|
|
|
December 31, 2017
|
|
Powercases Inc.
|
|
$
|
655,236
|
|
|
$
|
99,671
|
|
JLM Strategic Marketing
|
|
$
|
227,589
|
|
|
$
|
11,766
|
|
1038088 Ontario Limited
|
|
$
|
187,136
|
|
|
$
|
36,030
|
|
Cryptocash Inc.
|
|
$
|
-
|
|
|
$
|
2,252
|
|
2227470 Ontario Inc.
|
|
$
|
-
|
|
|
$
|
-
|
|
|
|
|
|
|
|
|
|
|
(Payable) Receivable from:
|
|
|
|
|
|
|
|
|
Powercases Inc.
|
|
$
|
(37,250
|
)
|
|
$
|
-
|
|
JLM Strategic Marketing
|
|
$
|
(9,483
|
)
|
|
$ |
-
|
|
1038088 Ontario Limited
|
|
$
|
(52,053
|
)
|
|
$ |
(36,030
|
)
|
Cryptocash Inc.
|
|
$
|
-
|
|
|
$ |
(2,252
|
)
|
2227470 Ontario Inc.
|
|
$
|
-
|
|
|
$ |
7,971
|
|
|
Kairos Global Technology, Inc [Member] |
|
Business Acquisition [Line Items] |
|
Schedule of Assets and Liabilities Acquired |
The following is the allocation of the purchase consideration:
Cash
|
|
$
|
1,131,000
|
|
Equipment
|
|
|
10,333,000
|
|
Accounts payable and accrued expenses
|
|
|
(46,000
|
)
|
Deferred income tax liability
|
|
|
(2,122,000
|
)
|
Purchase price
|
|
$
|
9,296,000
|
|
|