Property and Equipment

12 Months Ended

Dec. 31, 2023

Property and Equipment

Property and Equipment

3. Property and equipment   

Property and equipment as of December 31, 2023 and 2022, are summarized as follows:

	December 31,			December 31,
	2023			2022
Computer equipment	$	69,200		$	69,200
Computer server		19,751			-
Mining equipment		54,325			108,650
		143,276			177,850
Less: Accumulated depreciation		(53,732	)		(46,472	)
Property and equipment - net	$	89,544		$	131,378

For the years ended December 31, 2023 and 2022, the Company recorded $20,960 and $32,294 in depreciation expense, respectively.

During the year ended December 31, 2023, the Company sold mining equipment for $20,678. As a result of the sale, the Company recorded a gain on sale of fixed assets in the amount of $20,176.