August 2019 Accounts

Website Cryptocurrency Mining

August 2019 Accounts

September 10, 2019 Accounts News 0

Sale of ETH to the value of $5139 this month is showing as a positive value in the accounts. Buy back remained constant at 3 ETH. Bitcoin is ranging between $9-11,000 for the most part and everything else is struggling. Bitcoin dominance peaked at over 71% of the total blockchain sector in early September.

Token Price @ 31st August 2019 $0.000245
Market Cap @ 31st August 2019 $108,603

Reference: https://coinmarketcap.com/currencies/jsecoin/historical-data/

Income Statement


Year to date

$$



Income

Sale of cryptocurrency
5139
Advertising income
0



Direct income expenses

Purchases32
Domain names0




32
Gross Income
5108



Less Overheads

Office Rent 0
Salaries0
Advertising0
Press Releases0
Mileage Expenses0
Repairs and renewals 0
Telephone Charges21
Stationery, Printing & Postage0
Server costs1493
Email provider60
Insurance0
Travel & Business Entertainment94
Paypal and Bank Charges0
Currency Exchange variation1
Legal and accountancy fees379
Depreciation80



Total Overheads2127



Net Income
2980

Balance Sheet


$$
Fixed Assets

Plant & Machinery$0
Motor Vehicles$0
Office Equipment$1,363


$1,363
Current Assets

Sundry Debtors$0
Bank Account 1$1,576
Bank Account 2-$626
Bitcoin/Ethereum$0
Paypal account-$226


$724
Creditors

Trade Creditors$1,898
Sundry Creditors$0
Loan Account$220
Taxation$0


$2,118
Net Current Assets
-$32



Creditors after one year

Long Term Loan
$0



Net Assets
-$32



Capital & Reserves

Share Capital
$1,316
Dividends Paid$0
Profit & Loss-$4,328
Income Report$2,980


-$1,347


-$31