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Cryptocurrency
3 Months Ended 12 Months Ended
Mar. 31, 2023
Dec. 31, 2022
Disclosure Cryptocurrency Abstract    
Cryptocurrency

Note 5. Cryptocurrency

 

The Company measures its operations by the number and U.S. Dollar (US$) value of the cryptocurrency rewards it earns from its cryptocurrency mining activities. The Company recognized impairments, or write downs, of cryptocurrency (Bitcoin) rewards to the lowest fair market value of Bitcoin from the time the reward was earned through the end of the reporting period. The impairments amounted to $0 and $106,105 for the three months ended March 31, 2023 and March 31, 2022, respectively. If the subsequent market price of Bitcoin increases, the asset balance will not be adjusted for the increase. The following table presents additional information regarding our cryptocurrency mining operations:

           
    

Quantity of Bitcoin

    

US $ Amounts

 
Balance December 31, 2021   6.6   $302,654 
Revenue recognized from cryptocurrency mined   8.3    343,055 
Mining pool operating fees   (0.2)   (6,868)
Impairment of cryptocurrencies       (106,105)
Balance March 31, 2022   14.7   $532,736 
Revenue recognized from cryptocurrency mined   4.6    166,592 
Mining pool operating fees   (0.1)   (3,428)
Proceeds from the sale of cryptocurrency   (18.9)   (564,205)
Realized loss on the sale of cryptocurrency       (131,075)
Impairment of cryptocurrencies       (34)
Balance June 30, 2022 (1)   0.3   $586 
Revenue recognized from cryptocurrency mined   0.3    7,955 
Mining pool operating fees       (156)
Impairment of cryptocurrencies       (1,035)
Balance September 30, 2022   0.6   $7,350 
Revenue recognized from cryptocurrency mined        
Mining pool operating fees        
Proceeds from the sale of cryptocurrency   (0.6)   (11,203)
Realized gain on the sale of cryptocurrency       3,853 
Balance December 31, 2022      $ 
Revenue recognized from cryptocurrency mined        
Mining pool operating fees        
Proceeds from the sale of cryptocurrency        
Realized gain on the sale of cryptocurrency        
Balance March 31, 2023      $ 

 

  (1) Since June 30, 2022 the Company has neither received meaningful cryptocurrency awards nor generated meaningful revenue from cryptocurrency mining.

 

 

Note 5. Cryptocurrency

 

The Company measures its operations by the number and U.S. Dollar (US$) value of the cryptocurrency rewards it earns from its cryptocurrency mining activities. The Company recognized an impairment, or write down, of cryptocurrency (Bitcoin) rewards to the lowest fair market value of Bitcoin from the time the reward was earned through December 31, 2022. The impairment amounted to $107,174 and $59,752 for the years ended December 31, 2022 and 2021, respectively. The following table presents additional information regarding our cryptocurrency mining operations:

 

Schedule of Additional Information of Cryptocurrency Mining Operations

   Quantity of Bitcoin   US$ Amounts 
Balance December 31, 2020      $ 
Revenue recognized from cryptocurrency mined   6.7    369,804 
Mining pool operating fees   (0.1)   (7,398)
Impairment of cryptocurrencies       (59,752)
Balance December 31, 2021   6.6   $302,654 
Revenue recognized from cryptocurrency mined   13.2    517,602 
Mining pool operating fees   (0.3)   (10,452)
Proceeds from the sale of cryptocurrency   (19.5)   (575,408)
Realized loss on the sale of cryptocurrency       (127,222)
Impairment of cryptocurrencies       (107,174)
Balance December 31, 2022 (1)      $ 

 

 (1)Since June 30, 2022 the Company is neither receiving meaningful cryptocurrency awards nor generating meaningful revenue from cryptocurrency mining.