September 2017 Accounts

Website Cryptocurrency Mining

September 2017 Accounts

October 9, 2017 Accounts Investors 0

As part of our efforts to act transparently we will be publishing monthly accounts. Below you can see our P&L and balance sheet for September 2017.

Key points

  • Over $22,079 USD raised from pre-ICO investors
  • Advertising costs are Facebook ads
  • Server costs are higher than expected due to data transfer fees

 

Profit and Loss

            $ $
               
Income              
Crowdfunding              
USD             19,696
Ethereum             1,248
Bitcoin             1,135
               
Direct income expenses              
Purchases           0  
Domain names           0  
               
            0  
Gross Income             22,079
               
Less Overheads              
               
Office Rent           0  
Salaries           0  
Advertising           742  
Mileage Expenses           0  
Repairs and renewals           0  
Telephone Charges           0  
Stationery, Printing & Postage           0  
Server costs           1,598  
Insurance           0  
Paypal and Bank Charges           869  
Currency Exchange variation           8  
Legal and accountancy fees           120  
Depreciation           0  
             
Total Overheads           3,337  
               
               
Net Income             18,742

 


 

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           1,316  
Bitcoin/Ethereum           2,383  
Paypal account           16,359  
              20,058
Creditors              
Trade Creditors           0  
Sundry Creditors           0  
Loan Account           0  
Taxation           0  
               
              0
Net Current Assets             20,058
               
Creditors after one year              
Long Term Loan             0
               
Net Assets             20,058