Investment in Ether |
3 Months Ended | |||
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Mar. 31, 2018 | ||||
| Investments, Debt and Equity Securities [Abstract] | ||||
| Investment in Ether |
On January 3, 2018, the Company purchased $100,000 of ether, the cryptocurrency offered by the Ethereum network. The fair value of ether on March 31, 2018 was $43,400 and the Company took a charge to operations of $56,600 in the three months ended March 31, 2018. |
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- Definition The entire disclosure for investments accounted for under the cost-method. The carrying amount of such investments may be adjusted, for example, distributions in excess of cost (return of capital) or for other-than-temporary impairments. The cost method and lower-of-cost or market, an adaptation of the cost method, is generally followed for most investments in noncontrolled corporations, in some corporate joint ventures, and to a lesser extent in unconsolidated subsidiaries in which the entity does not have the ability to exercise significant influence. No definition available.
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- References No definition available.
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