Everything Blockchain, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cryptocurrency Assets

Cryptocurrency Assets

9 Months Ended

Oct. 31, 2021

Note 16. 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 October 31, 2021 and January 31, 2021:

Cryptocurrency Holdings
Current Assets (in thousands)
	As of		As of
	October 31, 2021		January 31, 2021
Coin Symbol	FMV		FMV
BTC	$	434	$	-
ETH		2		-
GUSD		1		-
USDC		144		-
HEX		4,889		123
	$	5,470	$	123

Non-Current Assets (in thousands)
	As of		As of
	October 31, 2021		January 31, 2021
Coin Symbol	Cost Basis		Cost Basis
PRES	$	-	$	15
BIT		-		83
	$	-	$	98