Quarterly report pursuant to Section 13 or 15(d)

Cryptocurrency Assets

v3.21.1
Cryptocurrency Assets
3 Months Ended
Apr. 30, 2021
Cryptocurrency Assets  
14. Cryptocurrency Assets

The Company records cryptocurrency assets as an Intangible Asset with Infinite Life. We classify cryptocurrency that have a market value and substantial liquidity as Current Intangible Assets, which we value at fair market value in accordance with Statement No. 157. Cryptocurrencies that do not trade on a market or have limited liquidity as classified as Non-current Intangible Assets and are recorded on a cost basis. The following chart shows our cryptocurrency assets held for the quarter ended April 30, 2021 and for the year ended January 31, 2021:

 

Everything Blockchain Cryptocurrency Holdings

Current Assets (in thousands)

 

 

As of

 

 

As of

 

 

 

April 30,

2021

 

 

January 31,

2021

 

Coin Symbol

 

FMV

 

 

FMV

 

BTC

 

$

579

 

 

$

-

 

ETH

 

 

1

 

 

 

-

 

GUSD

 

 

191

 

 

 

-

 

HEX

 

 

1,305

 

 

 

123

 

 

 

$

2,076

 

 

$

123

 

 

 

 

 

 

 

 

 

 

Non-Current Assets (in thousands)

 

 

As of

 

 

As of

 

 

 

April 30,

2021

 

 

January 31,

2021

 

Coin Symbol

 

Cost Basis

 

 

Cost Basis

 

PRES

 

$

3

 

 

$

15

 

BIT

 

 

77

 

 

 

83

 

 

 

$

80

 

 

$

98