July 2019 Accounts

Website Cryptocurrency Mining

July 2019 Accounts

August 9, 2019 Accounts Investors News 0

Start of a new tax year for us. Have liquidated some more ETH in August which will show up on next months accounts. Will also detail the buy back program ETH spend here which is currently 3 ETH per month to be reviewed monthly.

Continuing this financial year cautiously to keep costs to a minimum and #BUIDL. Bitcoin has regained some ground but altcoin trading and investment is lagging badly. Bitcoin dominance now exceeds 69%* and we need to stay patient and wait for market confidence to return before turning to more aggressive marketing and approaching VC’s. We anticipate that this may happen before the end of the year so it makes sense to start preparing materials now.


Token Price @ 31st July 2019 $0.000436
Market Cap @ 31st July 2019 $200,172

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

Buy back allocation July: 3ETH

Income Statement


Year to date

$$



Income

Sale of cryptocurrency
0
Advertising income
0



Direct income expenses

Purchases13
Domain names0




13
Gross Income
-13



Less Overheads

Office Rent 0
Salaries0
Advertising0
Press Releases0
Mileage Expenses0
Repairs and renewals 0
Telephone Charges0
Stationery, Printing & Postage0
Server costs751
Email provider0
Insurance0
Travel & Business Entertainment0
Paypal and Bank Charges0
Currency Exchange variation0
Legal and accountancy fees189
Depreciation40



Total Overheads980



Net Income
-993

Balance Sheet


$$
Fixed Assets

Plant & Machinery$0
Motor Vehicles$0
Office Equipment$1,403


$1,403
Current Assets

Sundry Debtors$0
Bank Account 1$677
Bank Account 2-$3,931
Bitcoin/Ethereum$0
Paypal account-$226


-$3,480
Creditors

Trade Creditors$1,709
Sundry Creditors$0
Loan Account$220
Taxation$0


$1,929
Net Current Assets
-$4,005



Creditors after one year

Long Term Loan
$0



Net Assets
-$4,005



Capital & Reserves

Share Capital
$1,316
Dividends Paid$0
Profit & Loss-$4,328
Income Report-$993


-$5,321


-$4,005