Friday, July 23, 2021 12:02:19 PM
You are making assumptions that are clearly contradicted in the 10-Q and contrary to accepted accounting principles. Companies don't count appreciation of assets as revenue. The 10-Q clearly states on page 14...
1FQ21 10-Q
The accounting treatment of indifinite life intangible assets was described in my post #475.
The 10-Q Balance Sheet shows Current cryptocurrencies, net of $2,076,000 which is offset by a decrease in Accumulated Deficit in the Equity Section, probably using a sub account which isn't displayed. Had there been a loss, it would have increased the Accumulated deficit.
The Consolidated Statement of Operations clearly shows "Revenue From Services" of $1,081,000 with a net profit of $767,000 including "Other Income" of $325,000 which incorporates the actual sale of Crypto assets and $233,359 in assets received from Render Payment for settlement of debt.
Les
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