Property and Equipment

12 Months Ended

Dec. 31, 2022

Property and Equipment

Property and Equipment

Note 5 – Property and Equipment

At December 31, 2022 and 2021, property and equipment consisted of the following:

	December 31,			December 31,
	2022			2021
Cost:
Digital asset machines	$	-		$	301,175
Furniture and Equipment		5,350			-
Less: accumulated depreciation		(803	)		(9,737	)
Property and equipment, net	$	4,547		$	291,438

On April 1, 2022, the Company implemented a plan to divest its crypto mining operations to focus its resources on the MFB acquisition (see Note 4).

During the year ended December 31, 2022, the Company recorded depreciation of $15,862, of which $15,059 is included within the Company’s income from discontinued operations (see Note 4).