SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Reportable segment results for the three and nine months ending September 30, 2021 and September 30, 2020 are as follows:

	Three Months Ended,				Nine Months Ended
	September 30, 2021		September 30, 2020		September 30, 2021		September 30, 2020
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Operating Revenues
Energy Operations	$	3,459,468	$	818,796	$	8,262,646	$	2,906,858
Cryptocurrency Operations	2,560,245		141,226		5,643,669		221,455
Total Operating Revenues	$	6,019,713	$	960,022	$	13,906,315	$	3,128,313
Net Operating Income/(Loss)
Energy Operations	$	(2,757,306)	$	(809,043)	$	(5,907,069)	$	(1,706,052)
Cryptocurrency Operations	(1,188,726)		86,436		(2,046,007)		173,391
Net Operating Income/(Loss)	$	(3,946,032)	$	(722,607)	$	(7,953,076)	$	(1,532,661)
Other Income, net (a)	$	(2,333,997)	$	40,233	$	(1,808,918)	$	1,208,901
Net Income/(Loss)	$	(6,280,029)	$	(682,374)	$	(9,761,994)	$	(323,760)
Depreciation and Amortization
Energy Operations	$	(149,426)	$	(139,150)	$	(430,965)	$	(422,603)
Cryptocurrency Operations	(1,008,948)		—		(2,032,584)		—
Total Depreciation & Amortization	$	(1,158,374)	$	(139,150)	$	(2,463,549)	$	(422,603)
Interest Expense
Energy Operations	$	(22,264)	$	(32,381)	$	(90,570)	$	(106,881)
Cryptocurrency Operations	(2,438,404)		—		(2,504,181)		—
Total Interest Expense	$	(2,460,668)	$	(32,381)	$	(2,594,751)	$	(106,881)

(a)The Company does not allocate other income, net for segment reporting purposes. Amount is shown as a reconciling item between net operating income/(losses) and consolidated income before taxes. Refer to consolidated statement of operations for the three and nine months ended September 30, 2021 and 2020 for further details.

	Energy Operations		Cryptocurrency Operations		Total
	(unaudited)		(unaudited)
Cash	$	583,039	$	40,851,371	$	41,434,410
Cryptocurrencies	—		3,228,698		3,228,698
Accounts receivable	256,104		52,283		308,387
Prepaid Insurance	139,269		139,269		278,538
Due from related party	—		—		—
Inventory	367,601		—		367,601
Other current assets	1,889,831		1,889,832		3,779,663
Equipment Deposits	—		85,624,852		85,624,852
Property, plant and equipment, net	5,404,263		34,710,524		40,114,787
Land	29,919		—		29,919
Road Bond	185,245		—		185,245
	$	8,855,271	$	166,496,829	$	175,352,100