March 2019 Accounts

Website Cryptocurrency Mining

March 2019 Accounts

April 16, 2019 Accounts News 0

Slight increase in server costs and travel costs this month as we have an additional server for the ad exchange and have been getting the train in to London more frequently for meetings. ETH has recovered somewhat to $163 at time of writing and optimism seems to be returning to the markets. The multi-sig wallet currently holds 200 ETH valued at $32,521. This relieves the pressure on cashflow but we are proceeding with caution and keeping on top of costs and expenses.

Token Price @ 31st March 2019 $0.000695
Market Cap @ 31st March 2019 $308,043

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

Income Report


Year to date

$$



Income

Sale of cryptocurrency
35041



Direct income expenses

Purchases303
Domain names0




303
Gross Income
34738



Less Overheads

Office Rent 0
Salaries14993
Advertising24588
Press Releases3121
Mileage Expenses0
Repairs and renewals 0
Telephone Charges16
Stationery, Printing & Postage779
Server costs8351
Email provider358
Insurance0
Travel & Business Entertainment2243
Paypal and Bank Charges73
Currency Exchange variation847
Legal and accountancy fees1639
Depreciation361



Total Overheads57371



Net Income
-22632

Balance Sheet


$$
Fixed Assets

Plant & Machinery$0
Motor Vehicles$0
Office Equipment$1,564


$1,564
Current Assets

Sundry Debtors$0
Bank Account 1$2,908
Bank Account 2-$4,836
Bitcoin/Ethereum$0
Paypal account-$234


-$2,162
Creditors

Trade Creditors$2,982
Sundry Creditors$0
Loan Account$0
Taxation$0


$2,982
Net Current Assets
-$3,581



Creditors after one year

Long Term Loan
$0



Net Assets
-$3,581



Capital & Reserves

Share Capital
$1,316
Dividends Paid$0
Profit & Loss$17,735
Income Report-$22,632


-$4,897


-$3,581