Everything Blockchain Inc (EBZT)

[lesgetrich]

Your original argument was that the company didn't perform any services and that the $1,081,000 in revenue on their Income Statement all came from appreciation of their HEX holdings. The fact that they were paid in HEX was never in dispute. Early on I pointed out that they invoiced their customer $1,040,000 in dollars for their services and the day they were paid they received the dollar value of that invoice in HEX.

From my post #463

As for revenue, I've already shown how it's broken down in the financials. The consulting and services revenue is recorded at the time they satisfy a performance obligation in dollars. If they are paid in an equivalent value of crypto, the amount recorded doesn't change with the value of the crypto. The crypto is retained as an asset. The income or loss on that asset is recorded at the time of sale under "crypto asset sales revenue". It's all transparent in the financials. It proves that the main source of their revenue has been "Consulting and services revenue" of $1,040,000, not the "Crypto asset sales revenue" which was only $61,000

Also, from your post # 447

Again I believe most of the revenue increase is related to HEX exponential growth and may not not repeatable in the short term. Which may not be capital gains or staking but unrealized gains related to holding HEX which they received for services, mining , etc etc