Monday, June 21, 2021 11:47:03 AM
These aren't mutually exclusive. HEX can be a fully developed cryptocurrency (meaning the code governing the creation and properties of Hex is fully developed). From CryptoExplained.com...
That doesn't mean that users can't write application code that is designed to use Hex tokens. they seem to have a programming project that is consistently bringing in $1.2 million in Services Revenue per month.
You posted several references to revenue earned from the sale of crypto currencies. This all should have appeared under "Other Revenue" on their financials. However, as you pointed out they also took a loss on the 420 Cloud software that was impaired and sold. It would seem to me that this loss might have been recorded under Other Income (Loss) and thus offset the gains from the sale of the crypto that were noted. In any event, with the two recent acquisitions and the future planned ones noted in today's PR, we should see some significant growth in services revenue over the next year.
Also, the fact that they were paid in Hex tokens for one of their project does not change the accounting. The value of those tokens would still be added to the Financials as Services Revenue (not Other Revenue)
Les
Recent EBZT News
- Form 8-K - Current report • Edgar (US Regulatory) • 06/20/2024 10:01:16 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 06/14/2024 03:02:29 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 05/15/2024 05:53:49 PM
- Expansion into Taiwan Markets Is Helping Shares of this Blockchain Firm • AllPennyStocks.com • 04/25/2024 04:15:00 PM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM