Three Months Ended | Six Months Ended | Year Ended | ||||||||||||||||||
2020 | 2019 | 2020 | 2019 | 2019 | ||||||||||||||||
Net loss and comprehensive loss from continuing operations | $ | (3,238,571 | ) | $ | (1,567,595 | ) | $ | (5,974,756 | ) | $ | (4,585,412 | ) | $ | (16,962,291 | ) | |||||
Net income (loss) and comprehensive income (loss) | (1,364,755 | ) | 2,850,926 | (3,555,609 | ) | (273,432 | ) | (11,722,599 | ) | |||||||||||
Total assets | 10,837,605 | 24,686,641 | 10,837,605 | 24,686,641 | 15,581,954 | |||||||||||||||
Total liabilities | 1,732,942 | 36,947,189 | 1,732,942 | 36,947,189 | 38,847,679 | |||||||||||||||
Basic and diluted net loss and comprehensive loss per common share from continuing operations | $ | (0.25 | ) | $ | (0.12 | ) | $ | (0.47 | ) | $ | (0.36 | ) | $ | (1.33 | ) | |||||
Basic and diluted net income (loss) and comprehensive income (loss) per common share | $ | (0.25 | ) | $ | 0.22 | $ | (0.42 | ) | $ | (0.02 | ) | $ | (0.92 | ) | ||||||
The Company reported a net loss of
On
As at
On
As of end of day
The financial statements for the three and six months ended
For information or interview please contact:
Chief Financial Officer
(647) 715-3707
About
Cautionary Note Regarding Forward-Looking Information
Certain statements in this press release, including statements with respect to the Company’s position to enter other aspects of cryptocurrency mining, contain forward-looking information which can be identified by the use of forward looking terminology such as "believes", "expects", "may", "desires", "will", "should", "projects", "estimates", "contemplates", "anticipates", "intends", or any negative such as "does not believe" or other variations thereof or comparable terminology. No assurance can be given that potential future results or circumstances described in the forward-looking statements will be achieved or will occur. By their nature, these forward-looking statements necessarily involve risks and uncertainties, including the risk that costs will be higher than anticipated reducing margins, that expense reductions will not be realized, the risk that the price of power to the Company increases and other risks and uncertainties discussed herein, that could cause actual results to significantly differ from those contemplated by these forward-looking statements. Such statements reflect the view of the Company with respect to future events and are based on information currently available to the Company and on assumptions, which it considers reasonable. Management cautions readers that the assumptions relative to the future events, several of which are beyond management's control, could prove to be incorrect, given that they are subject to certain risk and uncertainties, and that actual results may differ materially from those projected. Other factors which could cause results or events to differ from current expectations include, among other things, the impact of general economic, industry and market conditions. Management disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking information. The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.
Source:
2020 GlobeNewswire, Inc., source