10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001079973-21-000383 |
| Period End Date | 20210331 |
| Filing Date | 20210517 |
| Fiscal Year | 2021 |
| Fiscal Period | Q1 |
| XBRL Instance | riot10qq1-0321_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
56 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
|
$7.44M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$241.01M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$223.38M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$13.96M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$629.00K | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$1.26M | USD | Point-in-time |
| Cryptocurrencies |
CryptocurrenciesClassifiedAsCurrent
|
$11.63M | USD | Point-in-time |
| Cryptocurrencies |
CryptocurrenciesClassifiedAsCurrent
|
$34.57M | USD | Point-in-time |
| Common stock, par value |
CommonStockNoParValue
|
- | USD | Point-in-time |
| Common stock, par value |
CommonStockNoParValue
|
- | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
170.00M | shares | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
170.00M | shares | Point-in-time |
| Total current assets |
AssetsCurrent
|
$236.26M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$276.21M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$28.31M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
84.12M | shares | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$10.14M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
78.52M | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
84.12M | shares | Point-in-time |
| Deposits on equipment |
PrepaidExpenseNoncurrent
|
$33.09M | USD | Point-in-time |
| Deposits on equipment |
PrepaidExpenseNoncurrent
|
$70.73M | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
78.52M | shares | Point-in-time |
| Long-term investments |
LongTermInvestments
|
$310.00K | USD | Point-in-time |
| Long-term investments |
LongTermInvestments
|
$310.00K | USD | Point-in-time |
| Patents, net |
FiniteLivedIntangibleAssetsNet
|
$336.00K | USD | Point-in-time |
| Patents, net |
FiniteLivedIntangibleAssetsNet
|
$351.00K | USD | Point-in-time |
| Total assets |
Assets
|
$375.90M | USD | Point-in-time |
| Total assets |
Assets
|
$280.15M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$2.90M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$718.00K | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$4.43M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$1.58M | 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
|
$7.43M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$2.40M | USD | Point-in-time |
| Deferred revenue, less current portion |
DeferredRevenueNoncurrent
|
$655.00K | USD | Point-in-time |
| Deferred revenue, less current portion |
DeferredRevenueNoncurrent
|
$679.00K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$3.08M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$8.09M | 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; 84,120,723 and 78,523,517 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively |
CommonStockValue
|
$506.96M | USD | Point-in-time |
| Common stock, no par value; 170,000,000 shares authorized; 84,120,723 and 78,523,517 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively |
CommonStockValue
|
$590.19M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-222.38M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-229.91M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$277.07M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$367.82M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$33.23M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$26.23M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$375.90M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$280.15M | USD | Point-in-time |
Income Statement
36 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Total revenue |
Revenues
|
$23.20M | USD | 1 Quarter |
| Total revenue |
Revenues
|
$2.39M | USD | 1 Quarter |
| Cost of revenues (exclusive of depreciation and amortization shown below) |
CostOfRevenue
|
$1.41M | USD | 1 Quarter |
| Cost of revenues (exclusive of depreciation and amortization shown below) |
CostOfRevenue
|
$7.53M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$3.73M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$5.46M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$663.00K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$2.85M | USD | 1 Quarter |
| Impairment of cryptocurrencies |
ImpairmentGainLossOnCryptocurrencies
|
- | USD | 1 Quarter |
| Impairment of cryptocurrencies |
ImpairmentGainLossOnCryptocurrencies
|
$989.00K | USD | 1 Quarter |
| Total costs and expenses |
CostsAndExpenses
|
$6.79M | USD | 1 Quarter |
| Total costs and expenses |
CostsAndExpenses
|
$15.84M | USD | 1 Quarter |
| Operating income (loss) |
OperatingIncomeLoss
|
$7.36M | USD | 1 Quarter |
| Operating income (loss) |
OperatingIncomeLoss
|
$-4.41M | USD | 1 Quarter |
| Gain on sale of equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
- | USD | 1 Quarter |
| Gain on sale of equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
$17.00K | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
- | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$175.00K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
- | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$2.00K | USD | 1 Quarter |
| Other income |
OtherNonoperatingIncomeExpense
|
$10.00K | USD | 1 Quarter |
| Other income |
OtherNonoperatingIncomeExpense
|
- | USD | 1 Quarter |
| Realized gain on sale/exchange of cryptocurrencies |
GainLossOnDispositionOfIntangibleAssets
|
- | USD | 1 Quarter |
| Realized gain on sale/exchange of cryptocurrencies |
GainLossOnDispositionOfIntangibleAssets
|
$106.00K | USD | 1 Quarter |
| Total other income |
NonoperatingIncomeExpense
|
$175.00K | USD | 1 Quarter |
| Total other income |
NonoperatingIncomeExpense
|
$131.00K | USD | 1 Quarter |
| Net income (loss) |
ProfitLoss
|
$-4.28M | USD | 1 Quarter |
| Net income (loss) |
ProfitLoss
|
$7.53M | USD | 1 Quarter |
| Basic net income (loss) per share |
EarningsPerShareBasic
|
$-0.15 | USD | 1 Quarter |
| Basic net income (loss) per share |
EarningsPerShareBasic
|
$0.09 | USD | 1 Quarter |
| Diluted net income (loss) per share |
EarningsPerShareDiluted
|
$-0.15 | USD | 1 Quarter |
| Diluted net income (loss) per share |
EarningsPerShareDiluted
|
$0.09 | USD | 1 Quarter |
| Basic weighted average number of shares outstanding |
WeightedAverageNumberOfSharesOutstandingBasic
|
83.16M | shares | 1 Quarter |
| Basic weighted average number of shares outstanding |
WeightedAverageNumberOfSharesOutstandingBasic
|
28.59M | shares | 1 Quarter |
| Diluted weighted average number of shares outstanding |
WeightedAverageNumberOfDilutedSharesOutstanding
|
83.71M | shares | 1 Quarter |
| Diluted weighted average number of shares outstanding |
WeightedAverageNumberOfDilutedSharesOutstanding
|
28.59M | shares | 1 Quarter |
Cash Flow Statement
68 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income (loss) |
ProfitLoss
|
$7.53M | USD | 1 Quarter |
| Net income (loss) |
ProfitLoss
|
$-4.28M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$936.00K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$1.91M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$663.00K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$2.85M | 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
|
- | USD | 1 Quarter |
| Amortization of right of use assets |
AmortizationOfRightOfUseAssets
|
$643.00K | USD | 1 Quarter |
| Impairment of cryptocurrencies |
ImpairmentGainLossOnCryptocurrencies
|
- | USD | 1 Quarter |
| Impairment of cryptocurrencies |
ImpairmentGainLossOnCryptocurrencies
|
$989.00K | USD | 1 Quarter |
| Realized gain on sale/exchange of cryptocurrencies |
GainLossOnDispositionOfIntangibleAssets
|
- | USD | 1 Quarter |
| Realized gain on sale/exchange of cryptocurrencies |
GainLossOnDispositionOfIntangibleAssets
|
$106.00K | USD | 1 Quarter |
| Gain on sale of equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
$17.00K | USD | 1 Quarter |
| Gain on sale of equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
- | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-543.00K | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-628.00K | USD | 1 Quarter |
| Cryptocurrencies - mining, net of mining pool operating fees |
IncreaseDecreaseCryptocurrencies
|
$22.94M | USD | 1 Quarter |
| Cryptocurrencies - mining, net of mining pool operating fees |
IncreaseDecreaseCryptocurrencies
|
$2.33M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-135.00K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$2.19M | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$2.85M | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$45.00K | USD | 1 Quarter |
| Lease liability |
IncreaseDecreaseInLeaseLiability
|
$-571.00K | USD | 1 Quarter |
| Lease liability |
IncreaseDecreaseInLeaseLiability
|
- | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-5.99M | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-2.66M | USD | 1 Quarter |
| Proceeds from the sale of equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
- | USD | 1 Quarter |
| Proceeds from the sale of equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$18.00K | USD | 1 Quarter |
| Deposits on equipment |
DepositsOnEquipment
|
$56.35M | USD | 1 Quarter |
| Deposits on equipment |
DepositsOnEquipment
|
- | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$2.27M | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
- | USD | 1 Quarter |
| Patent costs incurred |
PaymentsToAcquireIntangibleAssets
|
$38.00K | USD | 1 Quarter |
| Patent costs incurred |
PaymentsToAcquireIntangibleAssets
|
$27.00K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-58.66M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-9.00K | USD | 1 Quarter |
| Proceeds from the issuance of common stock / At-the-market offering |
ProceedsFromIssuanceOfCommonStock
|
$9.49M | USD | 1 Quarter |
| Proceeds from the issuance of common stock / At-the-market offering |
ProceedsFromIssuanceOfCommonStock
|
$84.82M | USD | 1 Quarter |
| Offering costs for the issuance of common stock / At-the-market offering |
PaymentsOfStockIssuanceCosts
|
$2.14M | USD | 1 Quarter |
| Offering costs for the issuance of common stock / At-the-market offering |
PaymentsOfStockIssuanceCosts
|
$311.00K | USD | 1 Quarter |
| Proceeds from exercise of common stock warrants |
ProceedsFromWarrantExercises
|
$806.00K | USD | 1 Quarter |
| Proceeds from exercise of common stock warrants |
ProceedsFromWarrantExercises
|
- | USD | 1 Quarter |
| Repurchase of common shares to pay employee withholding taxes |
PaymentsForRepurchaseOfCommonStock
|
- | USD | 1 Quarter |
| Repurchase of common shares to pay employee withholding taxes |
PaymentsForRepurchaseOfCommonStock
|
$1.21M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$9.18M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$82.28M | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$6.52M | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$17.63M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$13.96M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$223.38M | 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
|
$241.01M | 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
|
$241.01M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$223.38M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$13.96M | 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 |
| Issuance of common stock to settle previously accrued executive compensation |
IssuanceOfCommonStockToSettleExecutiveCompensation
|
- | USD | 1 Quarter |
| Issuance of common stock to settle previously accrued executive compensation |
IssuanceOfCommonStockToSettleExecutiveCompensation
|
$175.00K | USD | 1 Quarter |
| Reclassification of deposits to property and equipment |
ReclassificationOfDepositsOnEquipmentToPropertyAndEquipment
|
$18.72M | USD | 1 Quarter |
| Reclassification of deposits to property and equipment |
ReclassificationOfDepositsOnEquipmentToPropertyAndEquipment
|
$1.45M | USD | 1 Quarter |
| Conversion of preferred stock to common stock |
ConversionOfStockAmountConverted1
|
$11.00K | USD | 1 Quarter |
| Conversion of preferred stock to common stock |
ConversionOfStockAmountConverted1
|
- | USD | 1 Quarter |
Stockholders Equity
19 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Settlement of warrants on cashless basis |
SettlementOfWarrantsOnCashlessBasisShares
|
1.26M | shares | 1 Quarter |
| Offering costs, net |
OfferingCostsNet
|
$2.10M | USD | 1 Quarter |
| BALANCE |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$277.07M | USD | Point-in-time |
| BALANCE |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$367.82M | USD | Point-in-time |
| BALANCE |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$33.23M | USD | Point-in-time |
| BALANCE |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$26.23M | USD | Point-in-time |
| Issuance of common stock to settle executive compensation |
StockIssuedDuringPeriodValueOther
|
$175.00K | USD | 1 Quarter |
| Delivery of common stock underlying restricted stock units, net of tax withholding settlement |
DeliveryOfCommonStockUnderlyingRestrictedStockUnitsNetOfTaxWithholdingSettlementValue
|
$-1.21M | USD | 1 Quarter |
| Issuance of common stock related to exercise of warrants |
IssuanceOfCommonStockRelatedToExerciseOfWarrants
|
$806.00K | USD | 1 Quarter |
| Issuance of common stock, net of offering costs/At-the-market offering |
IssuanceOfCommonStockNetOfOfferingCostsAtMarketOffering
|
$9.18M | USD | 1 Quarter |
| Issuance of common stock, net of offering costs/At-the-market offering |
IssuanceOfCommonStockNetOfOfferingCostsAtMarketOffering
|
$82.68M | USD | 1 Quarter |
| Stock-based compensation |
StockIssuedDuringPeriodValueIssuedForServices
|
$1.91M | USD | 1 Quarter |
| Stock-based compensation |
StockIssuedDuringPeriodValueIssuedForServices
|
$936.00K | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLoss
|
$7.53M | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLoss
|
$-4.28M | USD | 1 Quarter |
| BALANCE |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$277.07M | USD | Point-in-time |
| BALANCE |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$367.82M | USD | Point-in-time |
| BALANCE |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$33.23M | USD | Point-in-time |
| BALANCE |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$26.23M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.