XML 51 R7.htm IDEA: XBRL DOCUMENT v3.21.4
Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)
Series Seed
Preferred Stock Shares
Gryphon Digital Mining, Inc.
Series Seed II
Preferred Stock Shares
Gryphon Digital Mining, Inc.
Preferred Stock Shares
Common Stock
Gryphon Digital Mining, Inc.
Common Stock
Accumulated Other Comprehensive Loss
Accumulated Deficit
Gryphon Digital Mining, Inc.
Accumulated Deficit
Additional Paid-in Capital
Gryphon Digital Mining, Inc.
Subscription Receivable
Gryphon Digital Mining, Inc.
Gryphon Digital Mining, Inc.
Total
Balance at Dec. 31, 2018       $ 183,524,000 $ (1,816,000)   $ (187,315,000)       $ (5,607,000)
Balance (in Shares) at Dec. 31, 2018       2,219,141              
Issuance of common shares pursuant to the vesting of restricted stock units              
Issuance of common shares pursuant to the vesting of restricted stock units (in Shares)       131,541              
Share-based compensation       $ 637,000         637,000
Issuance of preferred shares, net     $ 344,000           344,000
Issuance of preferred shares, net (in Shares)     343,778                
Issuance of subscription agreements for payment of liabilities       $ 531,000         531,000
Issuance of subscription agreements for payment of liabilities (in Shares)       479,500              
Issuance of common shares       $ 707,000         707,000
Issuance of common shares (in Shares)       415,765              
Issuance of common shares for settlement of related party debt and interest expense       $ 529,000         529,000
Issuance of common shares for settlement of related party debt and interest expense (in Shares)       410,158              
Issuance of Series B preferred shares     $ 6,500,000           6,500,000
Issuance of Series B preferred shares (in Shares)     6,500,000                
Issuance of Series C preferred shares     $ 1,600,000           1,600,000
Issuance of Series C preferred shares (in Shares)     1,600,000                
Issuance of common shares for the settlement of liabilities       $ 233,000         233,000
Issuance of common shares for the settlement of liabilities (in Shares)       194,000              
Other comprehensive income       47,000         47,000
Net loss         (4,281,000)       (4,281,000)
Balance at Dec. 31, 2019     $ 8,444,000   $ 186,161,000 (1,769,000)   (191,596,000)       1,240,000
Balance (in Shares) at Dec. 31, 2019     8,443,778   3,850,105              
Issuance of common shares pursuant to the vesting of restricted stock units              
Issuance of common shares pursuant to the vesting of restricted stock units (in Shares)       20,420              
Share-based compensation       $ 5,000         5,000
Issuance of common shares for the settlement of liabilities       $ 130,000         130,000
Issuance of common shares for the settlement of liabilities (in Shares)       146,300              
Other comprehensive income       (71,000)         (71,000)
Net loss         (1,103,000)       (1,103,000)
Balance at Mar. 31, 2020     $ 8,444,000   $ 186,296,000 (1,840,000)   (192,699,000)       201,000
Balance (in Shares) at Mar. 31, 2020     8,443,778   4,016,825              
Balance at Dec. 31, 2019     $ 8,444,000   $ 186,161,000 (1,769,000)   (191,596,000)       1,240,000
Balance (in Shares) at Dec. 31, 2019     8,443,778   3,850,105              
Issuance of common shares for conversion of preferred shares     $ (510,000)   $ 510,000        
Issuance of common shares for conversion of preferred shares (in Shares)     (785,000)   785,000              
Issuance of common shares for conversion of convertible debt       $ 783,000         783,000
Issuance of common shares for conversion of convertible debt (in Shares)       1,205,820              
Issuance of common shares pursuant to the vesting of restricted stock units              
Issuance of common shares pursuant to the vesting of restricted stock units (in Shares)       20,420              
Share-based compensation       $ 5,000         5,000
Issuance of preferred shares, net     $ 3,835,000           3,835,000
Issuance of preferred shares, net (in Shares)     1,697,000                
Acquisition of intangible asset       $ 1,560,000         1,560,000
Acquisition of intangible asset (in Shares)       480,000              
Issuance of stock options for the settlement of liabilities       $ 182,000         182,000
Exercise of stock options       $ 75,000         75,000
Exercise of stock options (in Shares)       30,000              
Issuance of common shares       $ 537,000         537,000
Issuance of common shares (in Shares)       230,000              
Issuance of common shares for the settlement of liabilities       $ 2,413,000         2,413,000
Issuance of common shares for the settlement of liabilities (in Shares)       965,841              
Exercise of warrants       $ 180,000         180,000
Exercise of warrants (in Shares)       300,000              
Other comprehensive income       (22,000)         (22,000)
Net loss         (5,779,000)       (5,779,000)
Balance at Dec. 31, 2020 $ 11,769,000 $ 1,000 $ 192,406,000 (1,791,000) $ (2,000) (197,375,000) $ 18,000 $ (4,000) $ 13,000 5,009,000
Balance (in Shares) at Dec. 31, 2020 9,355,778 9,550,000 7,867,186              
Balance at Mar. 31, 2020     $ 8,444,000   $ 186,296,000 (1,840,000)   (192,699,000)       201,000
Balance (in Shares) at Mar. 31, 2020     8,443,778   4,016,825              
Issuance of common shares for conversion of preferred shares       $ 292,000         292,000
Issuance of common shares for conversion of preferred shares (in Shares)       450,000              
Issuance of common shares for conversion of convertible debt       $ 377,000         377,000
Issuance of common shares for conversion of convertible debt (in Shares)       580,580              
Issuance of preferred shares, net     $ 808,000           808,000
Issuance of preferred shares, net (in Shares)     1,244,000                
Issuance of stock options for the settlement of liabilities       $ 54,000         54,000
Exercise of stock options       $ 75,000         75,000
Exercise of stock options (in Shares)       30,000              
Issuance of common shares for the settlement of liabilities       $ 1,194,000         1,194,000
Issuance of common shares for the settlement of liabilities (in Shares)       480,000              
Other comprehensive income       28,000         28,000
Net loss         (1,946,000)       (1,946,000)
Balance at Jun. 30, 2020     $ 9,252,000   $ 188,288,000 (1,812,000)   (194,645,000)       1,083,000
Balance (in Shares) at Jun. 30, 2020     9,687,778   5,557,405              
Issuance of common shares for conversion of preferred shares     $ (218,000)   $ 218,000        
Issuance of common shares for conversion of preferred shares (in Shares)     (335,000)   335,000              
Issuance of common shares for conversion of convertible debt       $ 406,000         406,000
Issuance of common shares for conversion of convertible debt (in Shares)       625,240              
Issuance of preferred shares, net     $ 2,735,000           2,735,000
Issuance of preferred shares, net (in Shares)     3,000                
Acquisition of intangible asset       $ 1,560,000         1,560,000
Acquisition of intangible asset (in Shares)       480,000              
Exercise of stock options       $ 1,000         1,000
Issuance of common shares       $ 268,000         268,000
Issuance of common shares (in Shares)       260,000              
Issuance of common shares for the settlement of liabilities       $ 1,157,000         1,157,000
Issuance of common shares for the settlement of liabilities (in Shares)       339,541              
Other comprehensive income       12,000         12,000
Net loss         (1,190,000)       (1,190,000)
Balance at Sep. 30, 2020     $ 11,769,000   $ 191,898,000 (1,800,000)   (195,835,000)       6,032,000
Balance (in Shares) at Sep. 30, 2020     9,355,778   7,597,186              
Balance at Oct. 21, 2020              
Balance (in Shares) at Oct. 21, 2020                      
Issuance of common shares       $ 1,000         18,000 (4,000) 15,000  
Issuance of common shares (in Shares)       9,550,000                
Net loss             (2,000)       (2,000)  
Balance at Dec. 31, 2020 $ 11,769,000 $ 1,000 $ 192,406,000 (1,791,000) (2,000) (197,375,000) 18,000 (4,000) 13,000 5,009,000
Balance (in Shares) at Dec. 31, 2020 9,355,778 9,550,000 7,867,186              
Issuance of common shares for conversion of preferred shares     $ (2,482,000)   $ 2,482,000        
Issuance of common shares for conversion of preferred shares (in Shares)     (2,495,300)   2,532,798              
Issuance of common shares       $ 597,000         597,000
Issuance of common shares (in Shares)       235,000              
Issuance of common shares for the settlement of liabilities       $ 921,000         921,000
Issuance of common shares for the settlement of liabilities (in Shares)       351,880              
Exercise of warrants       $ 478,000         478,000
Exercise of warrants (in Shares)       743,820              
Other comprehensive income       4,000         4,000
Stock subscription received         4,000 4,000  
Additional capital contribution from original shareholders         16,000 16,000  
Additional capital contribution from original shareholders (in Shares)   161,250                
Common stock issued to seed stage advisors for cash         3,000 3,000  
Common stock issued to seed stage advisors for cash (in Shares)   1,162                
Common stock issued for compensation to seed stage advisors         1,671,000 1,671,000  
Common stock issued for compensation to seed stage advisors (in Shares)   696,262                
Common stock issued to officers and directors for cash         13,000 (2,000) 11,000  
Common stock issued to officers and directors for cash (in Shares)   5,325                
Common stock issued for compensation to officers and directors         7,655,000 7,655,000  
Common stock issued for compensation to officers and directors (in Shares)   3,189,675                
Common stocks issued in private placement for cash   $ 1,000       12,889,000 (100,000) 12,790,000  
Common stocks issued in private placement for cash (in Shares)   5,370,875                
Common stocks issued in private placement for digital assets         1,213,000 1,213,000  
Common stocks issued in private placement for digital assets (in Shares)   505,551                
Common stock issued for compensation         40,000 40,000  
Common stock issued for compensation (in Shares)   16,667                
Common stock repurchased          
Common stock repurchased (in Shares)   (1,000,000)                
Restricted common stock awards issued for compensation         112,000 112,000  
Restricted common stock awards issued for compensation (in Shares)   379,340                
Services contributed by the Company’s president         63,000 63,000  
Series seed issued in exchange for common stock          
Series seed issued in exchange for common stock (in Shares) 4,995,469   (4,995,469)                
Series seed issued for cash           15,000 15,000  
Series seed issued for cash (in Shares) 6,303                  
Net loss (9,738,000) (2,372,000) (9,738,000) (2,372,000)
Preferred dividends         (193,000)       (193,000)
Balance at Mar. 31, 2021 $ 9,287,000 $ 2,000 $ 196,884,000 (1,787,000) (9,740,000) (199,940,000) 23,708,000 (102,000) 13,868,000 4,444,000
Balance (in Shares) at Mar. 31, 2021 5,001,772 6,860,478 13,880,638 11,730,684              
Issuance of common shares for conversion of preferred shares     $ (2,160,000)   $ 2,160,000        
Issuance of common shares for conversion of preferred shares (in Shares)     (2,399)   2,108,620              
Issuance of common shares for conversion of convertible debt       $ 799,000         799,000
Issuance of common shares for conversion of convertible debt (in Shares)       468,225              
Issuance of common shares pursuant to the vesting of restricted stock units              
Issuance of common shares pursuant to the vesting of restricted stock units (in Shares)       62,500              
Share-based compensation       $ 247,000         247,000
Issuance of common shares       $ 7,642,000         7,642,000
Issuance of common shares (in Shares)       6,695,000              
Issuance of common shares for the settlement of liabilities       $ 1,135,000         1,135,000
Issuance of common shares for the settlement of liabilities (in Shares)       770,000              
Exercise of warrants       $ 687,000         687,000
Exercise of warrants (in Shares)       747,000              
Other comprehensive income       8,000         8,000
Stock subscription received         102,000 102,000  
Series seed II issued for cash         1,501,000 (28,000) 1,473,000  
Series seed II issued for cash (in Shares) 224,729                  
Series seed II issued for digital assets         161,000 (5,000) 156,000  
Series seed II issued for digital assets (in Shares) 24,102                  
Series seed II issued for compensation         28,000 28,000  
Series seed II issued for compensation (in Shares) 2,994                  
Restricted stock awards forfeited due to resignation of board member          
Restricted stock awards forfeited due to resignation of board member (in Shares)   (56,250)                
Accretion of compensation cost due to modification of restricted stock awards         233,000 233,000  
Fair value of penny warrants issued for compensation         1,036,000 1,036,000  
Relative fair value of warrants issued with convertible notes         1,818,000 1,818,000  
Common stock issued for compensation         395,000 395,000  
Common stock issued for compensation (in Shares)   46,486                
Common stock repurchased         (1,000) (1,000)  
Common stock repurchased (in Shares)       (300,000)                
Restricted common stock awards issued for compensation         484,000 484,000  
Services contributed by the Company’s president         62,000 62,000  
Series seed issued for cash           285,000 285,000  
Series seed issued for cash (in Shares) 118,815                  
Net loss (2,798,000) (2,881,000) (2,798,000) (2,881,000)
Preferred dividends         (169,000)       (169,000)
Balance at Jun. 30, 2021 $ 7,127,000 $ 2,000 $ 209,554,000 (1,779,000) (12,538,000) (202,990,000) 29,710,000 (33,000) 17,141,000 11,912,000
Balance (in Shares) at Jun. 30, 2021 5,120,587 251,825 6,858,079 13,570,874 22,582,029              
Issuance of common shares for conversion of preferred shares     $ (15,745,000)   $ 15,745,000        
Issuance of common shares for conversion of preferred shares (in Shares)     (6,867,079)   6,076,770              
Share-based compensation       $ 52,000         52,000
Issuance of preferred shares, net     $ 9,575,000           9,575,000
Issuance of preferred shares, net (in Shares)     10,000                
Acquisition of intangible asset       $ 11,408,000         11,408,000
Acquisition of intangible asset (in Shares)       4,500,000              
Exercise of stock options       $ 252,000         252,000
Exercise of stock options (in Shares)       100,000              
Issuance of common shares       $ 186,778,000         186,778,000
Issuance of common shares (in Shares)       25,088,530              
Issuance of common shares for the settlement of liabilities       $ 1,648,000         1,648,000
Issuance of common shares for the settlement of liabilities (in Shares)       362,972              
Exercise of warrants       $ 423,000         423,000
Exercise of warrants (in Shares)       498,500              
Other comprehensive income       (8,000)         (8,000)
Series seed II issued for compensation                 82,000   82,000  
Series seed II issued for compensation (in Shares)   8,982                    
Stock subscription receivable         5,000 5,000  
Relative fair value of warrants issued with convertible debentures         2,672,000 2,672,000  
Common stock issued for exercise of warrant for cash           1,000 1,000  
Common stock issued for exercise of warrant for cash (in Shares)   70,000                
Vesting of restricted common stock awards         45,000 45,000  
Common stock issued for compensation                 395,000,000,000   395,000,000,000  
Common stock issued for compensation (in Shares)       46,486                
Additional paid in capital for services contributed by the Company’s president         63,000 63,000  
Net loss       (1,867,000) (2,400,000)     (1,957,000) (2,400,000)
Preferred dividends         (168,000)       (168,000)
Balance at Sep. 30, 2021 $ 957,000 $ 2,000 $ 425,860,000 $ (1,787,000) $ (14,405,000) $ (205,558,000) $ 32,968,000 $ (28,000) $ 18,537,000 $ 219,472,000
Balance (in Shares) at Sep. 30, 2021 5,120,587 260,807 1,000 13,687,360 59,208,801