October 2017 Accounts

Website Cryptocurrency Mining

October 2017 Accounts

November 7, 2017 Accounts Investors 0

Key points from this months accounts:

  • Just under $10,000 invested in JSE tokens
  • Server costs increased due to higher volumes and data transfer costs
  • Advertising costs stable

 

Management accounts (all figures USD)

 

Income Report

  Year to date
  $ $
     
Income    
Token Crowdsale    
USD   27,046
Ethereum   1,627
Bitcoin   2,839
Adsense for Search   22.60
     
Direct income expenses    
Purchases 0  
Domain names 0  
     
  0  
Gross Income   31,535
     
Less Overheads    
     
Office Rent 0  
Salaries 0  
Advertising 1,345  
Mileage Expenses 0  
Repairs and renewals 0  
Telephone Charges 0  
Stationery, Printing & Postage 0  
Server costs 4,342  
Insurance 0  
Paypal and Bank Charges 1,197  
Currency Exchange variation 8  
Legal and accountancy fees 120  
Depreciation 0  
   
Total Overheads 7,012  
     
     
Net Income   24,523

 

Balance Sheet

  $ $
Fixed Assets    
     
Plant & Machinery 0  
Motor Vehicles 0  
Office Equipment 0  
    0
Current Assets    
     
Stock & WIP 0  
Trade Debtors 0  
Sundry Debtors 0  
Bank Current Account 12,569  
Bitcoin/Ethereum 4,466  
Paypal account 8,804  
    25,839
Creditors    
Trade Creditors 0  
Sundry Creditors 0  
Loan Account 0  
Taxation 0  
     
    0
Net Current Assets   25,839
     
Creditors after one year    
Long Term Loan   0
     
Net Assets   25,839
     
     
Capital & Reserves    
     
Share Capital   1,316
Dividends Paid 0  
Profit & Loss 0  
  24,523  
    24,523
    25,839