PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

10. PROPERTY AND EQUIPMENT, NET

At December 31, 2021 and 2020, property and equipment consisted of:

	December 31, 2021			December 31, 2020
Cryptocurrency machines and related equipment	$	10,763,000		$	567,000
Deposits on cryptocurrency machines		64,117,000			—
Computer, software and related equipment		8,884,000			3,057,000
Office furniture and equipment		702,000			490,000
Land		25,696,000			—
Building		67,209,000			—
Leasehold improvements		1,750,000			1,352,000
		179,121,000			5,466,000
Accumulated depreciation and amortization		(5,096,000	)		(3,343,000	)
Property and equipment, net	$	174,025,000		$	2,123,000

For the years ended December 31, 2021 and 2020, depreciation expense amounted to $2.1 million and $0.4 million, respectively.