Quarterly report pursuant to Section 13 or 15(d)

Cryptocurrency Assets

v3.21.2
Cryptocurrency Assets
6 Months Ended
Jul. 31, 2021
Cryptocurrency Assets  
Note 17. Cryptocurrency Assets

Note 17. 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 are classified as non-current intangible assets and are recorded on a cost basis. The following chart shows our cryptocurrency assets as of July 31, 2021 and January 31, 2021:

Cryptocurrency Holdings

Current Assets (in thousands)

 

 

As of

 

 

As of

 

 

 

July 31, 2021

 

 

January 31, 2021

 

Coin Symbol

 

FMV

 

 

FMV

 

BTC

 

$ 298

 

 

$ -

 

ETH

 

 

1

 

 

 

-

 

GUSD

 

 

1

 

 

 

-

 

HEX

 

 

3,112

 

 

 

123

 

 

 

$ 3,412

 

 

$ 123

 

 

 

 

 

 

 

 

 

 

Non-Current Assets (in thousands)

 

 

As of

 

 

As of

 

 

 

July 31, 2021

 

 

January 31, 2021

 

Coin Symbol

 

Cost Basis

 

 

Cost Basis

 

PRES

 

$ -

 

 

$ 15

 

BIT

 

 

-

 

 

 

83

 

 

 

$ -

 

 

$ 98