December 2019 Accounts

Website Cryptocurrency Mining

December 2019 Accounts

January 17, 2020 Accounts News 0

Finished the year with 91 ETH in the treasury account which as of 17th January 2020 is valued at just over $15,000 USD.

https://etherscan.io/address/0xc880f4143950bfb27ed021793991f35466b99201

At the current burn rate and assuming market conditions do not deteriorate further this should give us approximately 12 months to establish business revenues or raise funding. The business focus should now be on these goals to secure the future of the company and project.

Token Price @ 31st December 2019 $0.000143
Market Cap @ 31st December 2019 $63,231

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

Buy back allocation: 3ETH

Income Report

Year to date
$$
Income
Sale of cryptocurrency10,117
Advertising income0
Other income100
Direct income expenses
Purchases812
Domain names10
822
Gross Income9,394
Less Overheads
Office Rent 0
Salaries0
Advertising200
Press Releases0
Mileage Expenses0
Repairs and renewals 0
Telephone Charges21
Stationery, Printing & Postage0
Server costs4,167
Email provider180
Insurance0
Business Travel Expenditure1,579
Paypal and Bank Charges32
Currency Exchange variation1
Legal and accountancy fees1,169
Depreciation241
Total Overheads7,589
Net Income1,806

Balance Sheet

$$
Fixed Assets
Plant & Machinery$0
Motor Vehicles$0
Office Equipment$1,203
$1,203
Current Assets
Sundry Debtors$0
Bank Account 1$800
Bank Account 2-$428
Bitcoin/Ethereum$0
Paypal account$95
$467
Creditors
Trade Creditors$2,656
Sundry Creditors$0
Loan Account$220
Taxation$0
$2,876
Net Current Assets-$1,206
Creditors after one year
Long Term Loan$0
Net Assets-$1,206
Capital & Reserves
Share Capital$1,316
Dividends Paid$0
Profit & Loss-$4,328
Income Report$1,806
-$2,522
-$1,206