Everything Blockchain Inc (EBZT)

[lesgetrich]

They also had previously recorded losses in Crypto Assets that had lost value or become untradeable. The gains would have zeroed out those losses and any additional unrealized gain might be added to to the Deffered Revenue line on the balance sheet. However, if we take the quote from my post #475 literally and the offsetting entry is in the Equity section of the Balance sheet, it's more likely that it was applied against the Accumulated Deficit since previous crypto losses would have increased this category.

Reversal of Impairment Loss

When an intangible asset’s impairment reverses and value is regained, the increase in value is recorded as a gain on the income statement and reduction to accumulated impairment loss on the balance sheet, up to the amount of impairment loss recorded in prior periods. Increases in value in excess of prior impairment loss is debited directly to the asset and credited to a revaluation reserve account in the equity section of the balance sheet.