Everything Blockchain Inc (EBZT)

[lesgetrich]

The point is where are they putting the appreciation of owned current assets and it's clear it's in the revenue.

It's not clear at all. The Balance Sheet is a picture of the company's accounts on April 30, 2021. It shows you where the "revenue" ended up on that date. It doesn't show you were it came from. On the other hand, the Statement of Operations (aka Income Statement) shows you the source of the income. It clearly shows "Revenue from Services" of $1,081.



The 10-Q further breaks down how they determine "Revenue from Services"...



Note that nothing here shows any appreciation of the crypto assets. But it does clearly claim...

86% of the revenue generated by the Company has come from customer in the European theatre.

Now, when you turn to the "Statement of Cash Flows"...



You clearly see that they used most of their net income and purchased crypto currencies that had a value of $1,953,000 on April 30, 2021.