GOT IT!!!...LOL...From their last quaterly report:
Note 5 – Write Off of Assets
The Company ceased to be active in the oil and gas business and took a full write off of its oil and gas leases at the end of the
2ne quarter of 2015 in the amount of $2,299,950.
The Corporation owns an interest in an oil and gas lease in Duval County, Texas on which drilling is planned and has become engaged in the business of digital currency (see Note 2(b) of Notes to Consolidated Financial Statements attached). However, the Corporation does intend to again become more actively engaged in the oil and gas industry in the near future.
The Corporation became engaged in the digital currency industry through its subsidiary, BitcoinzUSA.com. During the first quarter of 2014 Bitcoinzusa.com purchased two ATM machines to process deposits and withdrawals of bitcoins in exchange for a fee on each transaction. At present the two machines have not been placed into operation as the Company waits for regulations to be enacted governing the operation of these facilities. Also, the company acquired during the first quarter of 2014 proprietary software from West Coast Robotics under a prior agreement. When installed the software prevents the hacking of bitcoin accounts. The marketing of the software by the Company has been declined due to the slowdown in the digital currency business due to the decline in the price of bitcoins.
I'D SAY THE CURRENT BITCOIN PRICE HAS INCREASED A BIT SINCE 2014...LOL.
