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10-Q Filing

RIOT PLATFORMS, INC. CIK: 1167419 Q1 2020
Filing Information
Form Type 10-Q
Accession Number 0001079973-20-000358
Period End Date 20200331
Filing Date 20200508
Fiscal Year 2020
Fiscal Period Q1
XBRL Instance riot-20200331.xml
Filing Contents
Balance Sheet 68 line items
Line Item Tag Value Unit Period
Preferred stock, par value PreferredStockNoParValue - USD Point-in-time
Preferred stock, par value PreferredStockNoParValue - USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 15.00M shares Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 15.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.02M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $13.96M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $7.44M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $225.00K USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $1.35M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $806.00K USD Point-in-time
Common stock, par value CommonStockNoParValue - USD Point-in-time
Common stock, par value CommonStockNoParValue - USD Point-in-time
Cryptocurrencies CryptocurrenciesClassifiedAsCurrent $3.84M USD Point-in-time
Cryptocurrencies CryptocurrenciesClassifiedAsCurrent $5.28M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 170.00M shares Point-in-time
Total current assets AssetsCurrent $20.04M USD Point-in-time
Total current assets AssetsCurrent $12.63M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 170.00M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 25.08M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 31.03M shares Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $5.05M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $5.87M USD Point-in-time
Right of use assets OperatingLeaseRightOfUseAsset $282.00K USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 25.08M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 31.03M shares Point-in-time
Right of use assets OperatingLeaseRightOfUseAsset $367.00K USD Point-in-time
Deposits on equipment PrepaidExpenseNoncurrent - USD Point-in-time
Deposits on equipment PrepaidExpenseNoncurrent $1.45M USD Point-in-time
Long-term investments LongTermInvestments $9.72M USD Point-in-time
Long-term investments LongTermInvestments $9.72M USD Point-in-time
Security deposits DepositsAssetsNoncurrent $703.00K USD Point-in-time
Security deposits DepositsAssetsNoncurrent $703.00K USD Point-in-time
Patents, net FiniteLivedIntangibleAssetsNet $456.00K USD Point-in-time
Patents, net FiniteLivedIntangibleAssetsNet $459.00K USD Point-in-time
Total assets Assets $37.07M USD Point-in-time
Total assets Assets $30.38M USD Point-in-time
Accounts payable AccountsPayableCurrent $717.00K USD Point-in-time
Accounts payable AccountsPayableCurrent $582.00K USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $2.06M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $2.19M USD Point-in-time
Operating lease liability, current portion OperatingLeaseLiabilityCurrent $336.00K USD Point-in-time
Operating lease liability, current portion OperatingLeaseLiabilityCurrent $368.00K USD Point-in-time
Deferred revenue, current portion DeferredRevenueCurrent $97.00K USD Point-in-time
Deferred revenue, current portion DeferredRevenueCurrent $97.00K USD Point-in-time
Total current liabilities LiabilitiesCurrent $3.07M USD Point-in-time
Total current liabilities LiabilitiesCurrent $3.37M USD Point-in-time
Operating lease liability OperatingLeaseLiabilityNoncurrent - USD Point-in-time
Operating lease liability OperatingLeaseLiabilityNoncurrent $20.00K USD Point-in-time
Deferred revenue, less current portion DeferredRevenueNoncurrent $752.00K USD Point-in-time
Deferred revenue, less current portion DeferredRevenueNoncurrent $776.00K USD Point-in-time
Total liabilities Liabilities $4.14M USD Point-in-time
Total liabilities Liabilities $3.84M USD Point-in-time
Commitments and contingencies - Note 10 CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies - Note 10 CommitmentsAndContingencies - USD Point-in-time
Common stock, no par value; 170,000,000 shares authorized; 31,034,308 and 25,082,872 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively CommonStockValue $243.46M USD Point-in-time
Common stock, no par value; 170,000,000 shares authorized; 31,034,308 and 25,082,872 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively CommonStockValue $254.73M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-217.24M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-221.51M USD Point-in-time
Total Riot Blockchain stockholders' equity StockholdersEquity $33.24M USD Point-in-time
Total Riot Blockchain stockholders' equity StockholdersEquity $26.24M USD Point-in-time
Non-controlling interest MinorityInterest $-7.00K USD Point-in-time
Non-controlling interest MinorityInterest $-7.00K USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-8.77M USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $26.23M USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $33.23M USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.49M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $37.07M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $30.38M USD Point-in-time
Income Statement 44 line items
Line Item Tag Value Unit Period
Total Revenue Revenues $1.43M USD 1 Quarter
Total Revenue Revenues $2.39M USD 1 Quarter
Cost of revenues (exclusive of depreciation and amortization shown below) CostOfRevenue $1.47M USD 1 Quarter
Cost of revenues (exclusive of depreciation and amortization shown below) CostOfRevenue $1.41M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $3.15M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $3.73M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $663.00K USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $24.00K USD 1 Quarter
Impairment of cryptocurrencies ImpairmentGainLossOnCryptocurrencies $989.00K USD 1 Quarter
Impairment of cryptocurrencies ImpairmentGainLossOnCryptocurrencies - USD 1 Quarter
Total costs and expenses CostsAndExpenses $6.79M USD 1 Quarter
Total costs and expenses CostsAndExpenses $4.65M USD 1 Quarter
Operating loss OperatingIncomeLoss $-3.22M USD 1 Quarter
Operating loss OperatingIncomeLoss $-4.41M USD 1 Quarter
Loss on issuance of convertible notes, common stock and warrants LossOnIssuanceOfConvertibleNotesCommonStockAndWarrants $6.16M USD 1 Quarter
Loss on issuance of convertible notes, common stock and warrants LossOnIssuanceOfConvertibleNotesCommonStockAndWarrants - USD 1 Quarter
Change in fair value of warrant liability ChangeInFairValueOfWarrantLiability - USD 1 Quarter
Change in fair value of warrant liability ChangeInFairValueOfWarrantLiability $2.75M USD 1 Quarter
Change in fair value of convertible notes ChangeInFairValueOfConvertibleNotes $1.65M USD 1 Quarter
Change in fair value of convertible notes ChangeInFairValueOfConvertibleNotes - USD 1 Quarter
Gain on sale of equipment GainLossOnSaleOfPropertyPlantEquipment $17.00K USD 1 Quarter
Gain on sale of equipment GainLossOnSaleOfPropertyPlantEquipment - USD 1 Quarter
Interest expense InterestExpense $68.00K USD 1 Quarter
Interest expense InterestExpense $2.00K USD 1 Quarter
Other income OtherOperatingIncome $79.00K USD 1 Quarter
Other income OtherOperatingIncome - USD 1 Quarter
Investment income InvestmentIncomeNet $17.00K USD 1 Quarter
Investment income InvestmentIncomeNet $9.00K USD 1 Quarter
Realized gain on exchange of cryptocurrencies GainLossOnDispositionOfIntangibleAssets $5.00K USD 1 Quarter
Realized gain on exchange of cryptocurrencies GainLossOnDispositionOfIntangibleAssets $106.00K USD 1 Quarter
Other expense OtherNonoperatingIncomeExpense $-13.00K USD 1 Quarter
Other expense OtherNonoperatingIncomeExpense $1.00K USD 1 Quarter
Total other income (expense) NonoperatingIncomeExpense $-10.53M USD 1 Quarter
Total other income (expense) NonoperatingIncomeExpense $131.00K USD 1 Quarter
Net loss ProfitLoss $-4.28M USD 1 Quarter
Net loss ProfitLoss $-13.75M USD 1 Quarter
Net loss attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest $-221.00K USD 1 Quarter
Net loss attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest - USD 1 Quarter
Net loss attributable to Riot Blockchain NetIncomeLoss $-13.53M USD 1 Quarter
Net loss attributable to Riot Blockchain NetIncomeLoss $-4.28M USD 1 Quarter
Net loss per share EarningsPerShareBasicAndDiluted $-0.15 USD 1 Quarter
Net loss per share EarningsPerShareBasicAndDiluted $-0.94 USD 1 Quarter
Basic and diluted weighted average number of shares outstanding WeightedAverageNumberOfShareOutstandingBasicAndDiluted 14.45M shares 1 Quarter
Basic and diluted weighted average number of shares outstanding WeightedAverageNumberOfShareOutstandingBasicAndDiluted 28.59M shares 1 Quarter
Cash Flow Statement 72 line items
Line Item Tag Value Unit Period
Net loss ProfitLoss $-4.28M USD 1 Quarter
Net loss ProfitLoss $-13.75M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $1.91M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $235.00K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $24.00K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $663.00K USD 1 Quarter
Amortization of license fee revenue RecognitionOfDeferredRevenue $24.00K USD 1 Quarter
Amortization of license fee revenue RecognitionOfDeferredRevenue $24.00K USD 1 Quarter
Amortization of right of use assets AmortizationOfRightOfUseAssets $643.00K USD 1 Quarter
Amortization of right of use assets AmortizationOfRightOfUseAssets $567.00K USD 1 Quarter
Impairment of cryptocurrencies ImpairmentGainLossOnCryptocurrencies - USD 1 Quarter
Impairment of cryptocurrencies ImpairmentGainLossOnCryptocurrencies $989.00K USD 1 Quarter
Loss on issuance of convertible notes, common stock and warrants LossOnIssuanceOfConvertibleNotesCommonStockAndWarrants $6.16M USD 1 Quarter
Loss on issuance of convertible notes, common stock and warrants LossOnIssuanceOfConvertibleNotesCommonStockAndWarrants - USD 1 Quarter
Change in fair value of convertible notes ChangeInFairValueOfConvertibleNotes $1.65M USD 1 Quarter
Change in fair value of convertible notes ChangeInFairValueOfConvertibleNotes - USD 1 Quarter
Change in fair value of warrant liability ChangeInFairValueOfWarrantLiability $2.75M USD 1 Quarter
Change in fair value of warrant liability ChangeInFairValueOfWarrantLiability - USD 1 Quarter
Realized gain on exchange of cryptocurrencies GainLossOnDispositionOfIntangibleAssets $5.00K USD 1 Quarter
Realized gain on exchange of cryptocurrencies GainLossOnDispositionOfIntangibleAssets $106.00K USD 1 Quarter
Gain on sale of equipment GainLossOnSaleOfPropertyPlantEquipment - USD 1 Quarter
Gain on sale of equipment GainLossOnSaleOfPropertyPlantEquipment $17.00K USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-585.00K USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-543.00K USD 1 Quarter
Cryptocurrencies - mining, net of mining pool operating fees IncreaseDecreaseCryptocurrencies $1.38M USD 1 Quarter
Cryptocurrencies - mining, net of mining pool operating fees IncreaseDecreaseCryptocurrencies $2.33M USD 1 Quarter
Accrued interest IncreaseDecreaseInInterestPayableNet $-17.00K USD 1 Quarter
Accrued interest IncreaseDecreaseInInterestPayableNet - USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-135.00K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-374.00K USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $991.00K USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $45.00K USD 1 Quarter
Lease liability IncreaseDecreaseInLeaseLiability $-591.00K USD 1 Quarter
Lease liability IncreaseDecreaseInLeaseLiability $-571.00K USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-2.66M USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-3.18M USD 1 Quarter
Proceeds from sale of cryptocurrencies ProceedsFromSaleOfIntangibleAssets $1.00M USD 1 Quarter
Proceeds from sale of cryptocurrencies ProceedsFromSaleOfIntangibleAssets - USD 1 Quarter
Poceeds from sale of equipment ProceedsFromSaleOfPropertyPlantAndEquipment - USD 1 Quarter
Poceeds from sale of equipment ProceedsFromSaleOfPropertyPlantAndEquipment $18.00K USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment - USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $3.00K USD 1 Quarter
Patent costs incurred PaymentsToAcquireIntangibleAssets $26.00K USD 1 Quarter
Patent costs incurred PaymentsToAcquireIntangibleAssets $27.00K USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivities $975.00K USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivities $-9.00K USD 1 Quarter
Proceeds from issuance of convertible notes ProceedsFromShortTermDebt $3.00M USD 1 Quarter
Proceeds from issuance of convertible notes ProceedsFromShortTermDebt - USD 1 Quarter
Proceeds from the issuance of common stock / At-the-market offering ProceedsFromIssuanceOfCommonStock - USD 1 Quarter
Proceeds from the issuance of common stock / At-the-market offering ProceedsFromIssuanceOfCommonStock $9.49M USD 1 Quarter
Offering costs for the issuance of common stock / At-the-market offering PaymentsOfStockIssuanceCosts - USD 1 Quarter
Offering costs for the issuance of common stock / At-the-market offering PaymentsOfStockIssuanceCosts $311.00K USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $9.18M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $3.00M USD 1 Quarter
Net increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $791.00K USD 1 Quarter
Net increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $6.52M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $1.02M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $13.96M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $7.44M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $225.00K USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $1.02M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $13.96M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $7.44M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $225.00K USD Point-in-time
Cash paid for interest InterestPaid - USD 1 Quarter
Cash paid for interest InterestPaid - USD 1 Quarter
Cash paid for taxes IncomeTaxesPaidNet - USD 1 Quarter
Cash paid for taxes IncomeTaxesPaidNet - USD 1 Quarter
Reclassification of deposits on equipment to property and equipment ReclassificationOfDepositsOnEquipmentToPropertyAndEquipment $1.45M USD 1 Quarter
Reclassification of deposits on equipment to property and equipment ReclassificationOfDepositsOnEquipmentToPropertyAndEquipment - USD 1 Quarter
Issuance of common stock to settle executive compensation IssuanceOfCommonStockToSettleExecutiveCompensation - USD 1 Quarter
Issuance of common stock to settle executive compensation IssuanceOfCommonStockToSettleExecutiveCompensation $175.00K USD 1 Quarter
Stockholders Equity 21 line items
Line Item Tag Value Unit Period
BALANCE StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-8.77M USD Point-in-time
BALANCE StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $26.23M USD Point-in-time
BALANCE StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $33.23M USD Point-in-time
BALANCE StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.49M USD Point-in-time
Issuance of common stock to settle executive compensation StockIssuedDuringPeriodValueOther $175.00K USD 1 Quarter
Issuance of common stock to settle executive compensation StockIssuedDuringPeriodValueOther - USD 1 Quarter
Delivery of common stock underlying restricted stock units RestrictedStockUnitIssuance - USD 1 Quarter
Delivery of common stock underlying restricted stock units RestrictedStockUnitIssuance - USD 1 Quarter
Common stock issued with convertible notes StockIssuedDuringPeriodValueConversionOfConvertibleSecurities $255.00K USD 1 Quarter
Issuance of common stock, net of offering costs/At-the-market offering IssuanceOfCommonStockNetOfOfferingCostsAtMarketOffering $9.18M USD 1 Quarter
Cancellation of Prive Escrow shares CancellationOfPriveEscrowshares - USD 1 Quarter
Stock-based compensation StockIssuedDuringPeriodValueIssuedForServices $235.00K USD 1 Quarter
Stock-based compensation StockIssuedDuringPeriodValueIssuedForServices $1.91M USD 1 Quarter
Net Loss attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest $-221.00K USD 1 Quarter
Net Loss attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest - USD 1 Quarter
Net loss NetIncomeLoss $-13.53M USD 1 Quarter
Net loss NetIncomeLoss $-4.28M USD 1 Quarter
BALANCE StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-8.77M USD Point-in-time
BALANCE StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $26.23M USD Point-in-time
BALANCE StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $33.23M USD Point-in-time
BALANCE StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.49M USD Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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