May 2019 Accounts

Website Cryptocurrency Mining

May 2019 Accounts

June 10, 2019 Accounts News 0

We liquidated 32 ETH from the multi-sig wallet this month to cover costs. Balance now stands at 168 ETH
https://etherscan.io/address/0xc880f4143950bfb27ed021793991f35466b99201

Next month we are expecting a one off management fee for the accounts audit as it’s our year end.

Token Price @ 31st May 2019 $0.000313
Market Cap @ 31st May 2019 $138,792

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

Income Statement


Year to date

$$



Income

Sale of cryptocurrency
39994
Advertising income
7



Direct income expenses

Purchases329
Domain names0




329
Gross Income
39672



Less Overheads

Office Rent 0
Salaries14993
Advertising24588
Press Releases3121
Mileage Expenses0
Repairs and renewals 0
Telephone Charges16
Stationery, Printing & Postage779
Server costs9870
Email provider448
Insurance0
Travel & Business Entertainment2484
Paypal and Bank Charges92
Currency Exchange variation820
Legal and accountancy fees2051
Depreciation441



Total Overheads59704



Net Income
-20032

Balance Sheet


$$
Fixed Assets

Plant & Machinery$0
Motor Vehicles$0
Office Equipment$1,483


$1,483
Current Assets

Sundry Debtors$0
Bank Account 1$2,104
Bank Account 2-$2,530
Bitcoin/Ethereum$0
Paypal account-$226


-$652
Creditors

Trade Creditors$1,812
Sundry Creditors$0
Loan Account$0
Taxation$0


$1,812
Net Current Assets
-$981



Creditors after one year

Long Term Loan
$0



Net Assets
-$981



Capital & Reserves

Share Capital
$1,316
Dividends Paid$0
Profit & Loss$17,735
Income Report-$20,032


-$2,297


-$981