Integrated Ventures (INTV) 10-Q 14 Feb 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Dec. 31, 2018	Feb. 14, 2019
Document And Entity Information
Entity Registrant Name	INTEGRATED VENTURES, INC.
Entity Central Index Key	1,520,118
Document Type	10-Q
Document Period End Date	Dec. 31, 2018
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		9,874,103
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,019
Entity Emerging Growth Company	false
Entity Small Business	true

Condensed Balance Sheets

Condensed Balance Sheets - USD ($)	Dec. 31, 2018	Jun. 30, 2018
Current assets:
Cash	$ 51,627	$ 749
Restricted cash		40,321
Prepaid expenses and other current assets	3,000	9,000
Inventories	114,851	114,851
Equipment deposits		3,896
Marketable securities		1,700
Total current assets	169,478	170,517
Non-current assets:
Property and equipment, net	1,337,944	633,105
Digital currencies		11,227
Deposits	14,673	14,673
Total assets	1,522,095	829,522
Current liabilities:
Accounts payable	29,487	26,973
Accrued expenses	24,340	29,428
Due to related party	64,774	20,974
Derivative liabilities	1,002,993	2,886,965
Convertible notes payable, net of discounts	127,934
Total current liabilities	1,249,528	2,964,340
Total liabilities	1,249,528	2,964,340
Commitments and contingencies
Stockholders' equity (deficit):
Common stock, $0.001 par value, (40,000,000 shares authorized, 9,874,103 and 8,964,103 shares issued and outstanding as of December 31, 2018 and June 30, 2018, respectively)	9,875	8,965
Additional paid-in capital	12,843,224	9,290,344
Stock subscriptions payable	60,000	35,000
Accumulated deficit	(12,641,382)	(11,469,936)
Total stockholders' equity (deficit)	272,567	(2,134,818)
Total liabilities and stockholders' equity (deficit)	1,522,095	829,522
Series A Preferred Stock [Member]
Stockholders' equity (deficit):
Preferred stock	500	500
Series B Preferred Stock [Member]
Stockholders' equity (deficit):
Preferred stock	$ 350	$ 309

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2018	Jun. 30, 2018	Dec. 21, 2015
Stockholders' equity (deficit):
Common stock, par value per share	$ 0.001	$ 0.001
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	9,874,103	8,964,103
Common stock, shares outstanding	9,874,103	8,964,103
Series A Preferred Stock [Member]
Stockholders' equity (deficit):
Preferred stock, par value per share	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	500,000	500,000
Preferred stock, shares outstanding	500,000	500,000
Series B Preferred Stock [Member]
Stockholders' equity (deficit):
Preferred stock, par value per share	$ 0.001	$ 0.001	$ 0.001
Preferred stock, shares authorized	500,000	500,000	500,000
Preferred stock, shares issued	350,384	309,166
Preferred stock, shares outstanding	350,384	309,166

Condensed Statements of Operati

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Revenues:
Cryptocurrency mining	$ 77,913	$ 59,498	$ 178,378	$ 59,498
Sales of cryptocurrency mining equipment	9,557	45,590	24,337	45,590
Total revenues	87,470	105,088	202,715	105,088
Cost of revenues	232,896	50,256	434,156	50,256
Gross margin (loss)	(145,426)	54,832	(231,441)	54,832
Operating expenses:
General and administrative	173,512	498,228	730,434	659,586
Impairment of assets			2,097,930
Total operating expenses	173,512	498,228	2,828,364	659,586
Loss from operations	(318,938)	(443,396)	(3,059,805)	(604,754)
Other income (expense):
Interest and other income		1,304		1,402
Interest expense	(41,328)	(56,827)	(44,652)	(143,707)
Realized gain (loss) on investments	(25,266)	7,193	(32,504)	288,416
Unrealized loss on investments		(64,987)		(3,876)
Gain on extinguishment of debt		3,259		7,934
Change in fair value of derivative liabilities	914,308	(404,539)	1,965,515	(416,288)
Loss on settlement of warrants		(25,000)		(25,000)
Total other income (expense)	847,714	(539,597)	1,888,359	(291,119)
Income (loss) before income taxes	528,776	(982,993)	(1,171,446)	(895,873)
Provision for income taxes
Net income (loss)	$ 528,776	$ (982,993)	$ (1,171,446)	$ (895,873)
Net income (loss) per common share:
Basic	$ 0.05	$ (0.12)	$ (0.12)	$ (0.12)
Diluted	$ 0.01	$ (0.12)	$ (0.12)	$ (0.12)
Weighted average number of common shares outstanding:
Basic	9,868,668	8,252,873	9,560,842	7,711,319
Diluted	46,817,888	8,252,873	9,560,842	7,711,319

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net loss	$ (1,171,446)	$ (895,873)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization expense	246,996	8,702
Stock-based compensation - related party	417,000	409,000
Stock-based compensation	80,159
Amortization of debt discount	38,782	108,121
Amortization of original issue discount		1,347
Impairment of assets	2,097,930
Change in fair value of derivative liabilities	(1,965,515)	416,288
Loss on settlement of warrants		25,000
Gain on extinguishment of debt		(7,934)
Financing fees related to notes payable		32,358
Realized (gain) loss on sale of investments	32,504	(288,416)
Unrealized loss on investments		3,876
Changes in assets and liabilities:
Digital currencies	(179,316)	(71,543)
Prepaid expenses and other current assets	6,000	5,000
Accrued interest receivable - related party		(98)
Inventories		(17,730)
Accounts payable	2,514	(827)
Accrued expenses	(5,088)	6,411
Due to related party	43,800	(7,060)
Net cash used in operating activities	(355,680)	(273,378)
Cash flows from investing activities:
Net proceeds from the sale of investments	159,739	579,460
Increase in notes receivable - related party		(49,880)
Purchase of property and equipment	(42,447)	(310,832)
Net cash provided by investing activities	117,292	218,748
Cash flows from financing activities:
Proceeds from convertible notes payable	223,945
Proceeds from sale of preferred stock		125,000
Proceeds from stock subscriptions payable	25,000	35,000
Net cash provided by financing activities	248,945	160,000
Net increase in cash	10,557	105,370
Cash, beginning of period	41,070	15,691
Cash, end of period	51,627	121,061
Supplemental disclosure of cash flow information:
Cash paid for interest	29,257
Cash paid for income taxes
Non-cash investing and financing activities:
Equipment deposits for property and equipment	3,896
Common shares issued for cashless exercise of warrants	560	188
Common shares issued for debt discount	53,250
Debt discount for derivative liability	81,543	72,617
Series B preferred shares for property and equipment	3,003,422
Series B preferred shares returned and cancelled	2
Settlement of derivative liabilities		405,970
Common shares issued for convertible notes payable		149,049
Common shares issued for accrued compensation		15,625
Accrued interest payable added to note payable		1,117
Note receivable and accrued interest receivable - related party for marketable securities		$ 66,850

ORGANIZATION AND BASIS OF PRESE

ORGANIZATION AND BASIS OF PRESENTATION	6 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
NOTE 1 - ORGANIZATION AND BASIS OF PRESENTATION	Organization Integrated Ventures, Inc. (the “Company,” “we,” “our,” or “EMS Find”) was incorporated in the State of Nevada on March 22, 2011, under the name of Lightcollar, Inc. On March 20, 2015, the Company amended its articles of incorporation and changed its name from Lightcollar, Inc. to EMS Find, Inc. On May 30, 2017, Integrated Ventures, Inc. (“Integrated Ventures”), a Nevada corporation, was formed as a wholly owned subsidiary of the Company. Pursuant to an Agreement and Plan of Merger dated May 30, 2017, Integrated Ventures was merged into the Company, with the Company being the surviving corporation and changing its name to Integrated Ventures, Inc. The Company has discontinued its prior operations and changed its business focus from its prior technologies relating to the EMS Find platform to acquiring, launching and operating companies in the cryptocurrency sector, mainly in digital currency mining, equipment manufacturing, and sales of branded mining rigs, as well as blockchain software development. The Company is developing and acquiring a diverse portfolio of digital currency assets and block chain technologies, and now operates cryptocurrency mining operations in two facilities located in Pennsylvania and New Jersey. Cryptocurrency mining revenues commenced in November 2017. Crypto-currencies are a medium of exchange that uses decentralized control (a block chain) as opposed to a central bank to track and validate transactions. The Company, through its wholly owned subsidiary, BitcoLab, Inc., is currently mining Bitcoin, Litecoin and Ethereum, whereby the Company earns revenue by solving “blocks” to be added to the block chain. The Company expanded its cryptocurrency mining operations in April 2018 by acquiring the operations of digiMine LLC (“digiMine”) (Note 6) and by purchasing 182 cryptocurrency mining machines from Secure Hosting LLC (“Secure Hosting”) in August 2018 (see Note 5). Basis of Presentation The accompanying unaudited condensed financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles (“US GAAP”) for interim financial information and the instructions to Form 10-Q and Article 8 of Regulation S-X. The results of operations for the interim periods ended December 31, 2018 shown in this report are not necessarily indicative of results to be expected for the full fiscal year ending June 30, 2019. In the opinion of the Company’s management, the information contained herein reflects all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the Company’s results of operations, financial position and cash flows. The unaudited interim financial statements should be read in conjunction with the audited financial statements in the Company’s Annual Report on Form 10-K for the year ended June 30, 2018 filed on December 27, 2018 and Management’s Discussion and Analysis of Financial Condition and Results of Operations.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	The significant accounting policies of the Company are disclosed in Notes to Financial Statements included in the Company’s Annual Report on Form 10-K. The following summary of significant accounting policies of the Company is presented to assist in understanding the Company’s interim financial statements. These accounting policies conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the financial statements. Restatement The Company is restating its condensed financial statements for the three months and six months ended December 31, 2017 to correct reporting of derivative liabilities associated with its convertible notes payable and warrants, stock-based compensation, gain on sale of investments and other miscellaneous corrections. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Because of the use of estimates inherent in the financial reporting process, actual results could differ significantly from those estimates. Digital Currencies Digital currencies consist of Bitcoin, Litecoin and Ethereum, generally received for the Company’s own account as compensation for cryptocurrency mining services. Given that there is limited precedent regarding the classification and measurement of cryptocurrencies under current Generally Accepted Accounting Principles (“GAAP”), the Company has determined to account for these digital currencies as indefinite-lived intangible assets in accordance with Accounting Standards Update (“ASU”) No. 350, Intangibles – Goodwill and Other Inventories Inventories at December 31 and June 30, 2018 consist of cryptocurrency mining units held for sale or deployment in mining operatons, and are stated at the lower of cost or estimated realizable value. Payments to equipment suppliers prior to shipment of the equipment are recorded as equipment deposits. Property and Equipment Property and equipment, consisting primarily of computer and other cryptocurrency mining equipment (transaction verification servers) and leasehold improvements, is stated at the lower of cost or estimated realizable value and is depreciated when placed into service using the straight-line method over estimated useful lives. The Company operates in an emerging industry for which limited data is available to make estimates of the useful economic lives of specialized equipment. Management has assessed the basis of depreciation of these assets and believes they should be depreciated over a three-year period due to technological obsolescence reflecting rapid development of hardware that has faster processing capacity and other factors. Additionally, during the six months ended December 31, 2018, the Company wrote down cryptocurrency mining equipment by $2,097,930 to estimated net realizable value. Maintenance and repairs are expensed as incurred and improvements are capitalized. Gains or losses on the disposition of property and equipment are recorded upon disposal. Management has determined that the three-year diminishing value best reflects the current expected useful life of transaction verification servers. This assessment takes into consideration the availability of historical data and management’s expectations regarding the direction of the industry including potential changes in technology. Management will review this estimate annually and will revise such estimates as and when data becomes available. To the extent that any of the assumptions underlying management’s estimate of useful life of its transaction verification servers are subject to revision in a future reporting period, either as a result of changes in circumstances or through the availability of greater quantities of data, then the estimated useful life could change and have a prospective impact on depreciation expense and the carrying amounts of these assets. Derivatives The Company evaluates its convertible debt, options, warrants or other contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for. The result of this accounting treatment is that under certain circumstances the fair value of the derivative is marked-to-market each balance sheet date and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the statement of operations as other income or expense. Upon conversion or exercise of a derivative instrument, the instrument is marked to fair value at the conversion date and then that fair value is reclassified to equity. Equity instruments that are initially classified as equity that become subject to reclassification under this accounting standard are reclassified to liability at the fair value of the instrument on the reclassification date. Where the number of warrants or common shares to be issued under these agreements is indeterminate, the Company has concluded that the equity environment is tainted, and all additional warrants and convertible debt are included in the value of the derivatives. We estimate the fair value of the derivatives associated with our convertible notes payable, warrants and put-back rights associated with two asset purchase agreements using, as applicable, either the Black-Scholes pricing model or multinomial lattice models that value the derivative liability based on a probability weighted discounted cash flow model using future projections of the various potential outcomes. We estimate the fair value of the derivative liabilities at the inception of the financial instruments, and, in the case of our convertible notes payable, at the date of conversions to equity and at each reporting date, recording a derivative liability, debt discount, additional paid-in capital and a gain or loss on change in derivative liabilities as applicable. These estimates are based on multiple inputs, including the market price of our stock, interest rates, our stock price volatility, variable conversion prices based on market prices as defined in the respective agreements and probabilities of certain outcomes based on management projections. These inputs are subject to significant changes from period to period and to management’s judgment; therefore, the estimated fair value of the derivative liabilities will fluctuate from period to period, and the fluctuation may be material. Impairment of Long-Lived Assets All assets, including intangible assets subject to amortization, are reviewed for impairment when changes in circumstances indicate that the carrying amount of the asset may not be recoverable in accordance with ASC 350 and ASC 360. If the carrying amount of the asset exceeds the expected undiscounted cash flows of the asset, an impairment charge is recognized equal to the amount by which the carrying amount exceeds fair value or net realizable value. The testing of these intangibles under established guidelines for impairment requires significant use of judgment and assumptions. Changes in forecasted operations and other assumptions could materially affect the estimated fair values. Changes in business conditions could potentially require adjustments to these asset valuations. Total impairment expense, consisting of write downs for cryptocurrency mining equipment totaled $2,097,930 for the six months ended December 31, 2018. Fair Value of Financial Instruments Disclosures about fair value of financial instruments require disclosure of the fair value information, whether or not recognized in the balance sheet, where it is practicable to estimate that value. As of December 31, 2018 and June 30, 2018, the amounts reported for cash, prepaid expenses and other current assets, accounts payable, accrued expenses and due to related party approximate fair value because of their short maturities. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC Topic 820 established a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1measurements) and the lowest priority to unobservable inputs (level 3 measurements). These tiers include: • Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets; • Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and • Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. At December 31, 2018, we had no financial instrument assets measured at fair value. Our marketable securities as of June 30, 2018 are measured at fair value on a recurring basis and estimated as follows: Total Level 1 Level 2 Level 3 Marketable securities $ 1,700 $ 1,700 $ - $ - Total assets measured at fair value $ 1,700 $ 1,700 $ - $ - Our derivative liabilities are measured at fair value on a recurring basis and estimated as follows: Total Level 1 Level 2 Level 3 December 31, 2018: Derivative liabilities $ 1,002,993 $ - $ - $ 1,002,993 Total liabilities measured at fair value $ 1,002,993 $ - $ - $ 1,002,993 June 30, 2018: Derivative liabilities $ 2,886,965 $ - $ - $ 2,886,965 Total liabilities measured at fair value $ 2,886,965 $ - $ - $ 2,886,965 During the six months ended December 31, 2018, the Company had the following activity in its derivative liabilities: Convertible Notes Payable Warrants Put Back Rights Total Derivative liabilities at June 30, 2018 $ - $ - $ 2,886,965 $ 2,886,965 Addition to liabilities for new debt/warrants 81,543 - - 81,543 Change in fair value (385 ) 47,528 (2,012,658 ) (1,965,515 ) Derivative liabilities at December 31, 2018 $ 81,158 $ 47,528 $ 874,307 $ 1,002,993 Stock-Based Compensation The Company accounts for all equity-based payments in accordance with ASC Topic 718, Compensation – Stock Compensation. The Company accounts for non-employee share-based awards based upon ASC 505-50, Equity-Based Payments to Non-Employees. Revenue Recognition Effective July 1, 2018, we adopted ASC 606, Revenue from Contracts with Customers, Our revenues currently consist of cryptocurrency mining revenues and revenues from the sale of cryptocurrency mining equipment recognized in accordance with ASC 606 as discussed above. Amounts collected from customers prior to shipment of products are recorded as deferred revenue. The Company earns its cryptocurrency mining revenues by providing transaction verification services within the digital currency networks of crypto-currencies, such as Bitcoin, Litecoin and Ethereum. The Company satisfies its performance obligation at the point in time that the Company is awarded a unit of digital currency through its participation in the applicable network and network participants benefit from the Company’s verification service. In consideration for these services, the Company receives digital currencies, which are recorded as revenue using the closing U.S. dollar price of the related cryptocurrency on the date of receipt. Expenses associated with running the cryptocurrency mining operations, such as equipment depreciation, rent, operating supplies, rent, utilities and monitoring services are recorded as cost of revenues. There is currently no specific definitive guidance in GAAP or alternative accounting frameworks for the accounting for the production and mining of digital currencies and management has exercised significant judgment in determining appropriate accounting treatment for the recognition of revenue for mining of digital currencies. Management has examined various factors surrounding the substance of the Company’s operations and the guidance in ASC 606, including identifying the transaction price, when performance obligations are satisfied, and collectability is reasonably assured being the completion and addition of a block to a blockchain and the award of a unit of digital currency to the Company. In the event authoritative guidance is enacted by the FASB, the Company may be required to change its policies which could result in a change in the Company’s financial statements. Income Taxes The Company adopted the provisions of ASC 740-10, Accounting for Uncertain Income Tax Positions. The Company adopted ASC 740-10, Definition of Settlement in FASB Interpretation No. 48, Income (Loss) Per Share Basic net income or loss per share is calculated by dividing net income or loss by the weighted average number of common shares outstanding for the period. Diluted income or loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock, such as “in-the-money” stock options and warrants, convertible debt and convertible preferred stock, were exercised or converted into common stock. Equivalent shares are not utilized when the effect is anti-dilutive. The common shares used in the computation of basic and diluted net income (loss) per share are reconciled as follows: Three Months Ended December 31, Six Months Ended December 31, 2018 2017 2018 2017 Weighted average number of shares outstanding – basic 9,868,668 8,252,873 9,560,842 7,711,319 Dilutive effect of convertible debt 1,910,820 - - - Dilutive effect of Series B convertible preferred stock 35,038,400 - - - Weighted average number of shares outstanding – diluted 46,817,888 8,252,873 9,560,842 7,711,319 Recently Issued Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) There were no new accounting pronouncements issued or proposed by the FASB during the six months ended December 31, 2018 and through the date of filing this report which the Company believes will have a material impact on its financial financial statements. Reclassifications Certain amounts in the condensed financial statements for the prior-year periods have been reclassified to conform to the presentation for the current-year periods.

GOING CONCERN

GOING CONCERN	6 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
NOTE 3 - GOING CONCERN	The Company has reported recurring net losses since its inception and used net cash in operating activities of $355,680 in the six months ended December 31, 2018. As of December 31, 2018, the Company had an accumulated deficit of $12,641,382. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying financial statements have been prepared in conformity with U.S. GAAP, which contemplate continuation of the Company as a going concern and the realization of assets and satisfaction of liabilities in the normal course of business. The ability of the Company to reach a successful level of operations is dependent on the execution of management’s plans, which include the raising of capital through the debt and/or equity markets, until such time that funds provided by operations are sufficient to fund working capital requirements. If the Company were not to continue as a going concern, it would likely not be able to realize its assets at values comparable to the carrying value or the fair value estimates reflected in the balances set out in the preparation of the financial statements. There can be no assurances that the Company will be successful in attaining a profitable level of operations or in generating additional cash from the equity/debt markets or other sources fund its operations. The financial statements do not include any adjustments relating to the recoverability of assets and classification of assets and liabilities that might be necessary. Should the Company not be successful in its business plan or in obtaining the necessary financing to fund its operations, the Company would need to curtail certain or all operational activities and/or contemplate the sale of its assets, if necessary.

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	6 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
NOTE 4 - PROPERTY AND EQUIPMENT	Property and equipment consisted of the following at: December 31, 2018 June 30, 2018 Cryptocurrency mining equipment $ 1,483,194 $ 573,806 Furniture and equipment 16,366 14,427 Leasehold improvements 143,440 102,932 Total 1,643,000 691,165 Less accumulated depreciation and amortization (305,056 ) (58,060 ) Net $ 1,337,944 $ 633,105 Depreciation and amortization expense, included in cost of revenues, for the three months ended December 31, 2018 and 2017 was $136,778 and $8,702, respectively. Depreciation and amortization expense, included in cost of revenues, for the six months ended December 31, 2018 and 2017 was $246,996 and $8,702, respectively.

ASSET PURCHASE AGREEMENT

ASSET PURCHASE AGREEMENT	6 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
NOTE 5 - ASSET PURCHASE AGREEMENT	On August 2, 2018, the Company entered into an Asset Purchase Agreement with Secure Hosting LLC, a Florida limited liability, for the purchase of 182 Ethereum mining machines. As consideration for the purchase of the machines, the Company issued 38,018 restricted shares of its Series B convertible preferred stock, valued on an “as converted to common” basis at an aggregate of $3,801,800, based on the market value of the Company’s common stock on the date of the transaction. Of the 182 machines purchased, 152 were placed into operations, and 30 units deemed to be under-performing will be utilized by the Company as repair parts or sold as repair parts. The Company performed a lower of cost or market impairment analysis on the machines purchased, including writing off the purchase price allocated to the defective machines, and recorded an impairment expense of $2,097,930, which amount is included in operating expenses for the six months ended December 31, 2018. The Agreement contains customary representations and warranties and covenants as of the Closing Date, including, without limitation, that the Equipment is (i) in good condition, (ii) free of all liens, (iii) not subject to any intellectual property rights other than software used in the Equipment and (iv) covered by certain manufacturer warranties. Because a portion of the machines were defective, certain shares of the Series B preferred stock issued in the transaction were subsequently returned to the Company and cancelled.

DIGIMINE ACQUISITION

DIGIMINE ACQUISITION	6 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
NOTE 6 - DIGIMINE ACQUISITION	In April 2018, the Company acquired the digital currency mining operations of digiMine LLC (“digiMine”) through two Asset Purchase Agreements (the “digiMine Acquisition”) in a transaction recorded as a business combination. On April 16, 2018, the Company entered into an Asset Purchase Agreement with digiMine for the purchase of digiMine’s digital currency mining assets located in Marlboro, New Jersey, the principal assets consisting of: 150 cryptocurrency mining machines; all right, title and interest in, the lease and leasehold improvements for the premises on which digiMine’s business operates; all books and records pertaining to ownership of digiMine’s business as applicable; and restricted cash of $175,000. The Company issued 16,666 shares of its Series B preferred stock to digiMine. The Company also entered into a separate Security and Pledge Agreement, dated as of April 13, 2018, securing its obligations to digiMine under the Asset Purchase Agreement. digiMine has the right (the “Put-Back Right”), at any time commencing April 1, 2019, to require that the Company redeem for cash any of Seller’s then-outstanding Shares at a redemption price equal to 72% of the Shares. The Conversion Amount on execution is equal to $1,200,000 (the “Put-Back Price”) of such Shares; provided, that the Put Back Right expires with respect to any of the Shares at such time as the Shares are registered for resale. Each of the Shares for purposes of the Put-Back Price is equal to a fixed price of $100 per share. On April 30, 2018, the Company entered into a second Asset Purchase Agreement with digiMine for the purchase of digiMine’s digital currency mining assets located in Marlboro, New Jersey, the principal assets consisting of: 97 cryptocurrency mining machines and computer workstation; digital currency portfolio with an estimated value of $15,487; all right, title and interest in, the lease and leasehold improvements for the premises on which digiMine’s business operates; all books and records pertaining to ownership of digiMine’s business as applicable; and restricted cash of $200,000. The Company issued 20,000 shares of its Series B preferred stock to digiMine. The Company also entered into a separate Security and Pledge Agreement, dated as of April 30, 2018, securing its obligations to digiMine under the Agreement. digiMine has the right (the “Put-Back Right”), at any time commencing May 1, 2019, to require that the Company redeem for cash any of Seller’s then-outstanding Shares at a redemption price equal to 72% of the Shares. The Conversion Amount on execution is equal to $1,440,000 (the “Put-Back Price”) of such Shares; provided, that the Put Back Right expires with respect to any of the Shares at such time as the Shares are registered for resale. Each of the Shares for purposes of the Put-Back Price is equal to a fixed price of $100 per share. The Company has identified the Put-Back Rights associated with the two Asset Purchase Agreements as derivatives. The Company engaged an independent valuation firm to estimate the fair value of the Series B preferred stock issued in the two Asset Purchase Agreements, to estimate the value of the derivative liabilities associated with the Put-Back Rights, and allocate the total consideration paid to the assets acquired. The valuation firm developed multinomial lattice models that valued the derivative liability based on a probability weighted discounted cash flow model using future projections of the various potential outcomes. The total consideration paid in the Acquisition is summarized as follows: Value of 36,667 total Series B preferred shares $ 1,163,806 Derivative liabilities associated with Put-Back Rights 3,729,109 Total consideration paid $ 4,892,915 The total consideration paid was allocated to the fair value of the assets acquired as follows: Restricted cash $ 375,000 Property and equipment 350,349 Digital currencies 14,056 Goodwill 4,153,510 Total consideration allocated $ 4,892,915 No liabilities of digiMine were assumed by the Company in the Acquisition. The excess of consideration paid over fair value of assets acquired was recorded as goodwill. The Company performed an impairment analysis on the goodwill at June 30, 2018 and recorded an impairment expense of $4,153,510, which amount is included in operating expenses for the year ended June 30, 2018. The total cash acquired of $375,000 was restricted to fund digital mining operations. As of December 31, 2018, the restricted cash had been fully utilized in digital mining operations.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
NOTE 7 - RELATED PARTY TRANSACTIONS	We have one executive officer, Steve Rubakh, who is currently our only full-time employee and sole member of our Board of Directors. Mr. Rubakh is paid an annual salary established by the Board of Directors and is issued shares of Series B Preferred Stock for additional compensation. The number of shares issued, generally on a quarterly basis, is at the discretion of the Board of Directors. On March 18, 2018, the Board of Directors of the Company modified the annual compensation for Steve Rubakh, effective April 1, 2018 to include annual salary of $150,000 per year and the issuance on a quarterly basis of 5,000 shares of Series B preferred stock. On July 1, 2018, the Company issued to Mr. Rubakh 5,000 shares of Series B convertible preferred stock valued on an “as converted to common” basis at $417,000. The stock-based compensation – related party is included in general and administrative expenses for the six months ended December 31, 2018. On August 1, 2017, the Company issued to Mr. Rubakh 30,000 shares of Series B convertible preferred stock valued on an “as converted to common” basis at $9,000. The stock-based compensation – related party is included in general and administrative expenses for the six months ended December 31, 2017. On August 31, 2017, Steve Rubakh converted accrued compensation of $15,625 into 347,222 common shares of the Company. Amounts due to related party, including accrued salary to Mr. Rubakh, totaled $64,774 and $20,974 as of December 31, 2018 and June 30, 2018, respectively.

CONVERTIBLE NOTES PAYABLE

CONVERTIBLE NOTES PAYABLE	6 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
NOTE 8 - CONVERTIBLE NOTES PAYABLE	Convertible notes payable, all classified as current, consist of the following at December 31, 2018: Debt Principal Discount Net Geneva Roth Remark Holdings, Inc. $ 128,000 $ 35,025 $ 92,975 BHP Capital NY, Inc. 52,000 34,520 17,480 Armada Investment Fund, LLC 52,000 34,521 17,479 Total $ 232,000 $ 104,066 $ 127,934 On September 17, 2018, the Company entered into a convertible promissory note with Geneva Roth Remark Holdings, Inc. (“Geneva”) in the principal amount of $128,000. The note matures on September 26, 2019 and bears interest at 10%. A debt discount of $49,169 was recorded, including a derivative liability of $46,169. Geneva has the right beginning on the date that is 170 days following the date of the note to convert principal and accrued interest into shares of the Company’s common stock. The conversion price is 70% of the average of the three lowest trading prices of the Company’s common stock during the ten trading days ending on the latest complete trading day prior to the date of conversion. As of December 31, 2018, $14,144 of the debt discount had been amortized and there was accrued interest payable of $3,682. The Company recorded a derivative liability of $45,046 as of December 31, 2018. On September 26, 2018, the Company entered into a convertible promissory note with with BHP Capital NY, Inc. (“BHP”) in the principal amount of $52,000, with an original issue discount of $2,000. The note matures on September 17, 2019 and bears interest at 8%. BHP was issued 75,000 shares of the Company’s common stock valued at $26,625 as a fee. A debt discount of $46,840 was recorded, including a derivative liability of $17,687. BHP has the right beginning on the date that is 31 days following the date of the note to convert principal and accrued interest into shares of the Company’s common stock. The conversion price is 70% of the average of the three lowest trading prices of the Company’s common stock during the ten trading days ending on the latest complete trading day prior to the date of conversion. As of December 31, 2018, $12,320 of the debt discount had been amortized and there was accrued interest payable of $1,094. The Company recorded a derivative liability of $18,056 as of December 31, 2018. On September 26, 2018, the Company entered into a convertible promissory note with with Armada Investment Fund, LLC (“Armada”) in the principal amount of $52,000, with an original issue discount of $2,000. The note matures on September 17, 2019 and bears interest at 8%. Armada was issued 75,000 shares of the Company’s common stock valued at $26,625 as a fee. A debt discount of $46,840 was recorded, including a derivative liability of $17,687. Armada has the right beginning on the date that is 31 days following the date of the note to convert principal and accrued interest into shares of the Company’s common stock. The conversion price is 70% of the average of the three lowest trading prices of the Company’s common stock during the ten trading days ending on the latest complete trading day prior to the date of conversion. As of December 31, 2018, $12,319 of the debt discount had been amortized and there was accrued interest payable of $1,094. The Company recorded a derivative liability of $18,056 as of December 31, 2018.

STOCKHOLDERS_ DEFICIT

STOCKHOLDERS’ DEFICIT	6 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
NOTE 9 - STOCKHOLDERS’ DEFICIT	Preferred Stock Series A Preferred Stock In March 2015, the Company filed with the State of Nevada a Certificate of Designation establishing the designations, preferences, limitations and relative rights of 1,000,000 shares of the Company’s Series A preferred stock (“Series A Preferred Stock”). Holders of the Series A Preferred Stock have the right to vote in aggregate, on all shareholder matters equal to 1,000 votes per share of Series A Preferred Stock. The shares of Series A Preferred Stock are not convertible into shares of common stock. The Company has 1,000,000 shares of Series A Preferred Stock authorized, with 500,000 shares issued and outstanding as of December 31, 2018 and June 30, 2018, which were issued in March 2015 in consideration for services to members of the Company’s Board of Directors. Series B Preferred Stock On December 21, 2015, the Company filed a Certificate of Designation for a new Series B Convertible Preferred Stock with the State of Nevada following approval by the board of directors of the Company. Five Hundred (500,000) Thousand shares of the Company’s authorized preferred stock are designated as the Series B Convertible Preferred Stock (the “Series B Preferred Stock”), par value of $0.001 per share and with a stated value of $0.001 per share (the “Stated Value”). Holders of Series B Preferred Stock shall be entitled to receive dividends, when and as declared by the Board of Directors out of funds legally available therefor. At any time and from time to time after the issuance of shares of the Series B Preferred Stock, each issued share of Series B Preferred Stock is convertible into One (100) Hundred shares of Common Stock (“Conversion Ratio”). The holders of the Series B Preferred Stock shall have the right to vote together with holders of Common Stock, on an as “converted basis”, on any matter that the Company’s shareholders may be entitled to vote on, either by written consent or by proxy. Upon any liquidation, dissolution or winding-up of the Company, the holders of the Series B Preferred Stock shall be entitled to receive out of the assets of the Company, whether such assets are capital or surplus, for each share of Series B Preferred Stock an amount equal to the Stated Value, and all other amounts in respect thereof then due and payable prior to any distribution or payment shall be made to the holders of any junior securities. The Company has 500,000 shares of Series B Preferred Stock authorized, with 350,384 and 309,166 shares issued and outstanding as of December 31, 2018 and June 30, 2018, respectively. On March 18, 2018, the Board of Directors of the Company modified the annual compensation for Steve Rubakh, effective April 1, 2018 to include annual salary of $150,000 per year and the issuance on a quarterly basis of 5,000 shares of Series B preferred stock. On July 1, 2018, the Company issued to Mr. Rubakh 5,000 shares of Series B convertible preferred stock valued on an “as converted to common” basis at $417,000. The stock-based compensation – related party is included in general and administrative expenses for the six months ended December 31, 2018. As discussed in Note 5, on August 2, 2018, the Company entered into an Asset Purchase Agreement for the purchase of 182 cryptocurrency mining machines. As consideration for the purchase of the machines, the Company issued 38,018 shares of its Series B convertible preferred stock, valued on an “as converted to common” basis at an aggregate of $3,801,800. In December 2018, a total of 1,800 shares of Series B preferred stock originally issued pursuant to the Asset Purchase Agreement were returned to the Company and cancelled. On August 1, 2017, the Company issued to Mr. Rubakh 30,000 shares of Series B convertible preferred stock valued on an “as converted to common” basis at $9,000. The stock-based compensation – related party is included in general and administrative expenses for the six months ended December 31, 2017. On October 25, 2017, four investors entered into subscription agreements for the purchase of a total of 16,000 shares of Series B Preferred stock for cash at $10 per share. Through December 31, 2017, 12,500 of the shares had been issued for an investment of $125,000. As of December 31, 2018 and June 30, 2018, a stock subscription payable of $35,000 was recorded for unissued shares. On November 1, 2017, the Company issued to Mr. Rubakh 40,000 shares of Series B convertible preferred stock valued on an “as converted to common” basis at $400,000. The stock-based compensation – related party is included in general and administrative expenses for the six months ended December 31, 2017. Common Stock The Company has 40,000,000 shares of common stock authorized, with 9,874,103 and 8,964,103 shares issued and outstanding as of December 31, 2018 and June 30, 2018, respectively. During the six months ended December 31, 2018, the Company issued a total of 910,000 shares of its common stock. On August 14, 2018, 100,000 shares of common stock valued at $55,000, based on the closing market price of stock on the date of grant, were issued to a consultant. On August 23, 2018, 560,000 shares of common stock were issued to a lender in the cashless exercise of warrants recorded at par value of $560. See Note 10. On September 26, 2018, a total of 150,000 shares of common stock valued at $53,250, based on the closing market price of stock on the date of grant, were issued to two lenders as loan fees. See Note 8. On October 5, 2018, 100,000 shares of common stock valued at $25,160, based on the closing market price of stock on the date of grant, were issued to a consultant. During the six months ended December 31, 2017, the Company issued a total of 3,175,774 shares of its common stock. A total of 2,640,017 shares of the Company’s common stock, valued at $149,049, were issued in conversion of $55,760 note principal, $2,715 accrued interest payable, $58,216 in derivative liabilities, $2,449 in fees and $29,909 in penalties. On July 6, 2017, 188,240 shares of common stock were issued to a lender in the cashless exercise of warrants recorded at par value of $188. On August 31, 2017, 347,222 shares of common stock valued at $15,625 were issued to Steve Rubakh for accrued compensation. On September 30, 2017, the Company increased the number of outstanding common shares by 114 shares due to rounding of shares in the reverse stock split.

WARRANTS

WARRANTS	6 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
NOTE 10 - WARRANTS	The Company has granted warrants to non-employee lenders in connection with the issuance of certain convertible promissory notes and to an investor in connection with the purchase of common shares of the Company. The Company has also granted warrants to officers and directors. Certain of the warrants have been subsequently surrendered to the Company and cancelled. Warrant activity for the six months ended December 31, 2018 is as follows: Number of Warrants Weighted Average Exercise Price Weighted Average Remaining Contract Term (Years) Aggregate Intrinsic Value Outstanding at June 30, 2018 348,375 $ 2.20 2.55 $ - Granted - $ - Exercised (34,333 ) $ 2.16 Forfeited or expired - $ - Outstanding and exercisable at December 31, 2018 314,042 $ 2.20 2.05 $ - Because the number of common shares to be issued under convertible notes payable is indeterminate, the Company concluded that the equity environment was tainted as of December 31, 2018. Therefore, all warrants issued prior to that date were included in the Company’s calculations of derivative liabilities.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
NOTE 11 - COMMITMENTS AND CONTINGENCIES	Legal Matters From time to time, we may be involved in litigation relating to claims arising out of our operations in the normal course of business. As of the date of filing of this report, there were no pending or threatened lawsuits. Operating Leases During the year ended June 30, 2018, the Company consolidated its cryptocurrency mining operations in two locations, Huntingdon Valley, Pennsylvania and Marlboro, New Jersey, where facilities are leased under operating leases. The lease for the Pennsylvania location is on a month-to-month basis at $850 per month. The lease for the New Jersey location was effective April 1, 2018 for a period of one year at a monthly rental of $6,986, with an automatic one-year renewal period with a 5% increase in the monthly rent. We have negotiated reductions in the monthly rental at the New Jersey location for certain months in fiscal year 2019.

RESTATEMENT

RESTATEMENT	6 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
NOTE 12 - RESTATEMENT	The Company has restated its financial statements as of December 31, 2017 and for the three months and six months then ended to correct reporting of derivative liabilities associated with its convertible notes payable and warrants, stock-based compensation, gain on sale of investments and other miscellaneous corrections. The following adjustments were made to the December 31, 2017 Restated Balance Sheet: Integrated Ventures, Inc. Balance Sheet As Originally Reported on December 31, 2017 Adjustments As Restated December 31, 2017 ASSETS Current assets: Cash $ 121,061 $ - $ 121,061 Accounts receivable 15,000 - 15,000 Digital currencies 43,786 (43,786 )(a) - Prepaid expenses and other current assets 2,500 - 2,500 Inventories 17,730 - 17,730 Marketable securities 1,760 - 1,760 Total current assets 201,837 (43,786 ) 158,051 Non-current assets: Property and equipment 305,568 (3,438 )(c) 302,130 Digital currencies - 43,786 (a) 43,786 Deposits 700 - 700 Total assets $ 508,105 $ (3,438 ) $ 504,667 LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) Current liabilities: Accounts payable $ 23,331 $ - $ 23,331 Accrued expenses 29,745 8,468 (b) 38,213 Due to related party 993 (993 )(b) - Derivative liabilities 21,419 63,404 (d) 84,823 Convertible notes payable, net of discounts 14,458 - 14,458 Note payable 125,000 - 125,000 Total current liabilities 214,946 70,879 285,825 Total liabilities 214,946 70,879 285,825 Commitments and contingencies Stockholders’ equity (deficit): Series A preferred stock, $0.001 par value, (1,000,000 shares authorized, 500,000 shares issued and outstanding) 500 - 500 Series B preferred stock, $0.001 par value, (500,000 shares authorized, 232,500 shares issued and outstanding) 233 - 233 Common stock, $0.001 par value, (40,000,000 shares authorized, 8,388,337 shares issued and outstanding) 8,388 - 8,388 Additional paid-in capital 5,538,477 1,424,603 (d)(f) 6,963,080 Stock subscription payable 35,000 - 35,000 Accumulated deficit (5,289,439 ) (1,498,920 )(b)(c)(d)(e) (6,788,359 ) Total stockholders’ equity (deficit) 293,159 (74,317 ) 218,842 Total liabilities and stockholders’ equity (deficit) $ 508,105 $ (3,438 ) $ 504,667 The following adjustments were made to the Restated Statement of Operations for the three months ended December 31, 2017: Integrated Ventures, Inc. Statement of Operations As Originally Reported for the Three Months Ended December 31, 2017 Adjustments As Restated for the Three Months Ended December 31, 2017 Revenues: Cryptocurrency mining $ 59,498 $ - $ 59,498 Sales of cryptocurrencymining equipment 45,590 - 45,590 Total revenues 105,088 - 105,088 Cost of revenues 46,818 3,438 (c) 50,256 Gross margin 58,270 (3,438 ) 54,832 Operating expenses: General and administrative 494,247 3,981 (e) 498,228 Total operating expenses 494,247 3,981 498,228 Loss from operations (435,977 ) (7,419 ) (443,396 ) Other income (expense): Interest and other income 1,304 - 1,304 Interest expense (34,738 ) (22,089 )(b)(d) (56,827 ) Realized gain on sale of investments 85,911 (78,718 )(f) 7,193 Unrealized loss on investments (64,987 ) - (64,987 ) Gain on extinguishment of debt 3,259 - 3,259 Change in fair value of derivative liabilities 273,032 (677,571 )(d) (404,539 ) Loss on settlement of warrants (63,765 ) 38,765 (d) (25,000 ) Total other income (expense) 200,016 (739,613 ) (539,597 ) Loss before income taxes (235,961 ) (747,032 ) (982,993 ) Provision for income taxes - - - Net loss $ (235,961 ) $ (747,032 ) $ (982,993 ) Net loss per common share: Basic $ (0.03 ) $ (0.09 )(g) $ (0.12 ) Weighted average number of common shares outstanding: Basic 8,252,873 - 8,252,873 The following adjustments were made to the Restated Statement of Operations for the six months ended December 31, 2017: Integrated Ventures, Inc. Statement of Operations As Originally Reported for the Six Months Ended December 31, 2017 Adjustments As Restated for the Six Months Ended December 31, 2017 Revenues: Cryptocurrency mining $ 59,498 $ - $ 59,498 Sales of cryptocurrencymining equipment 45,590 - 45,590 Total revenues 105,088 - 105,088 Cost of revenues 46,818 3,438 (c) 50,256 Gross margin 58,270 (3,438 ) 54,832 Operating expenses: General and administrative 634,124 25,462 (e) 659,586 Total operating expenses 634,124 25,462 659,586 Loss from operations (575,854 ) (28,900 ) (604,754 ) Other income (expense): Interest and other income 1,402 - 1,402 Interest expense (120,319 ) (23,388 )(b)(d) (143,707 ) Realized gain on sale of investments 367,134 (78,718 )(f) 288,416 Unrealized loss on investments (3,876 ) - (3,876 ) Gain (loss) on extinguishment of debt (268,476 ) 276,410 (d) 7,934 Change in fair value of derivative liabilities 201,197 (617,485 )(d) (416,288 ) Loss on settlement of warrants (63,765 ) 38,765 (d) (25,000 ) Total other income (expense) 113,297 (404,416 ) (291,119 ) Loss before income taxes (462,557 ) (433,316 ) (895,873 ) Provision for income taxes - - - Net loss $ (462,557 ) $ (433,316 ) $ (895,873 ) Net loss per common share: Basic $ (0.06 ) $ (0.06 )(g) $ (0.12 ) Weighted average number of common shares outstanding: Basic 7,711,319 - 7,711,319 The Following adjustments were made to the Restated Statement of Cash Flows for the six months ended December 31, 2017: Integrated Ventures, Inc. Statement of Cash Flows As Originally Reported for the Six Months Ended December 31, 2017 Adjustments As Restated for the Six Months Ended December 31, 2017 Cash flows from operating activities: Net loss $ (462,557 ) $ (433,316 )(b)(c)(d)(e)(f) (895,873 ) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation expense 5,264 3,438 (c) 8,702 Stock-based compensation – related party 409,000 - 409,000 Amortization of debt discount 79,631 28,490 (d) 108,121 Amortization of original issue discount 1,347 - 1,347 Change in fair value of derivative liabilities (201,197 ) 617,485 (d) 416,288 (Gain) loss on extinguishment of debt 268,476 (276,410 )(d) (7,934 ) Financing fees related to notes payable 32,358 - 32,358 Realized gain on sale of investments (367,134 ) 78,718 (f) (288,416 ) Unrealized loss on investments 3,876 - 3,876 Loss on settlement of warrants 63,765 (38,765 )(d) 25,000 Changes in assets and liabilities: Digital currencies (61,892 ) (9,651 )(b) (71,543 ) Prepaid expenses and other current assets 5,000 - 5,000 Inventories (17,730 ) - (17,730 ) Accrued interest receivable – related party (98 ) - (98 ) Accounts payable (827 ) - (827 ) Accrued expenses (1,786 ) 8,197 (b) 6,411 Due to related party (19,223 ) 12,163 (b) (7,060 ) Net cash used in operating activities (263,727 ) (9,651 ) (273,378 ) Cash flows from investing activities: Net proceeds from the sale of investments 579,460 - 579,460 Purchase of investments (9,651 ) 9,651 (b) - Increase in notes receivable – related party (49,880 ) - (49,880 ) Purchase of property and equipment (310,832 ) - (310,832 ) Net cash provided by investing activities 209,097 9,651 218,748 Cash flows from financing activities: Proceeds from sale of preferred stock 125,000 - 125,000 Proceeds from stock subscriptions payable 35,000 - 35,000 Net cash provided by financing activities 160,000 - 160,000 Net increase in cash 105,370 - 105,370 Cash, beginning of period 15,691 - 15,691 Cash, end of period $ 121,061 $ - 121,061 Supplemental disclosure of cash flow information: Cash paid for interest $ - $ - $ - Cash paid for income taxes - - - Non-cash investing and financing activities: Common shares issued for convertible notes payable $ 379,021 (229,972 )(d) 149,049 Common shares issued for due to related party 15,625 - 15,625 Common shares issued for cashless exercise of warrants 188 - 188 Debt discount for derivative liability 47,617 25,000 (d) 72,617 Accrued interest added to convertible notes payable 1,117 - 1,117 Settlement of derivative liabilities - 405,970 (d) 405,970 Marketable securities for conversion of notes receivable 66,850 - 66,850 Marketable securities exchanged for note payable (37,074 ) 37,074 (d) - Marketable securities exchanged for accrued expenses (1,370 ) 1,370 (d) - Marketable securities exchanged for derivative liabilities (78,718 ) 78,718 (d) - Marketable securities exchanged for accounts receivable (15,000 ) 15,000 (d) - Note payable issued in settlement of warrants 25,000 (25,000 )(d) - Derivative liabilities extinguished in settlement of warrants 67,064 (67,064 )(d) - _________________ (a) Reclassified digital currencies from current to long-term asset. (b) Accrued officer compensation was reclassified from accrued expenses to due to related party and subsequently reduced. Accrued interest payable was increased. (c) Reduced useful life for depreciation from 5 years to 3 years. (d) The Company engaged an outside consultant to revise derivative liabilities associated with convertible notes payable and to add derivative liabilities associated with warrants. The calculations were made for each issuance of new debt and warrants and for each conversion, exchange or exercise of debt and warrants. As a result, total derivative liabilities increased, and modifications were made to the calculation of debt discount, interest expense for the amortization of debt discount, and change in fair value of derivative liabilities. In addition, convertible notes payable, net of discounts, increased, interest expense increased, and change in fair value of derivative liabilities decreased. Additionally, no loss on extinguishment of debt for note conversions was recorded, resulting in a decrease in the loss and an increase in additional paid-in capital. (e) Total general and administrative expenses decreased as a result of corrections to certain operating expenses. (f) Adjusted realized gain on sale of investments, including recording gain on sale of related party investment to capital. (g) As a result of the adjustments discussed above, net loss and net loss per share increased.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
NOTE 13 - SUBSEQUENT EVENTS	Management has evaluated subsequent events according to the requirements of ASC TOPIC 855, and has reported the following: Increase in Authorized Shares On January 25, 2019, the Board of Directors of the Company approved a resolution to increase the number of authorized common shares to 250,000,000 shares and the number of authorized preferred shares to 20,000,000 shares. Issuance of Series B Preferred Shares On January 9, 2019, 3,500 shares of Series B preferred stock were issued for stock subscriptions payable of $35,000. On January 24, 2019, 5,000 shares of Series B preferred stock were issued to Steve Rubakh for compensation valued on an “as converted to common” basis at $80,000.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Dec. 31, 2018
Summary Of Significant Accounting Policies
Restatement	The Company is restating its condensed financial statements for the three months and six months ended December 31, 2017 to correct reporting of derivative liabilities associated with its convertible notes payable and warrants, stock-based compensation, gain on sale of investments and other miscellaneous corrections.
Use of Estimates	The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Because of the use of estimates inherent in the financial reporting process, actual results could differ significantly from those estimates.
Digital Currencies	Digital currencies consist of Bitcoin, Litecoin and Ethereum, generally received for the Company’s own account as compensation for cryptocurrency mining services. Given that there is limited precedent regarding the classification and measurement of cryptocurrencies under current Generally Accepted Accounting Principles (“GAAP”), the Company has determined to account for these digital currencies as indefinite-lived intangible assets in accordance with Accounting Standards Update (“ASU”) No. 350, Intangibles – Goodwill and Other
Inventories	Inventories at December 31 and June 30, 2018 consist of cryptocurrency mining units held for sale or deployment in mining operatons, and are stated at the lower of cost or estimated realizable value. Payments to equipment suppliers prior to shipment of the equipment are recorded as equipment deposits.
Property and Equipment	Property and equipment, consisting primarily of computer and other cryptocurrency mining equipment (transaction verification servers) and leasehold improvements, is stated at the lower of cost or estimated realizable value and is depreciated when placed into service using the straight-line method over estimated useful lives. The Company operates in an emerging industry for which limited data is available to make estimates of the useful economic lives of specialized equipment. Management has assessed the basis of depreciation of these assets and believes they should be depreciated over a three-year period due to technological obsolescence reflecting rapid development of hardware that has faster processing capacity and other factors. Additionally, during the six months ended December 31, 2018, the Company wrote down cryptocurrency mining equipment by $2,097,930 to estimated net realizable value. Maintenance and repairs are expensed as incurred and improvements are capitalized. Gains or losses on the disposition of property and equipment are recorded upon disposal. Management has determined that the three-year diminishing value best reflects the current expected useful life of transaction verification servers. This assessment takes into consideration the availability of historical data and management’s expectations regarding the direction of the industry including potential changes in technology. Management will review this estimate annually and will revise such estimates as and when data becomes available. To the extent that any of the assumptions underlying management’s estimate of useful life of its transaction verification servers are subject to revision in a future reporting period, either as a result of changes in circumstances or through the availability of greater quantities of data, then the estimated useful life could change and have a prospective impact on depreciation expense and the carrying amounts of these assets.
Derivatives	The Company evaluates its convertible debt, options, warrants or other contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for. The result of this accounting treatment is that under certain circumstances the fair value of the derivative is marked-to-market each balance sheet date and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the statement of operations as other income or expense. Upon conversion or exercise of a derivative instrument, the instrument is marked to fair value at the conversion date and then that fair value is reclassified to equity. Equity instruments that are initially classified as equity that become subject to reclassification under this accounting standard are reclassified to liability at the fair value of the instrument on the reclassification date. Where the number of warrants or common shares to be issued under these agreements is indeterminate, the Company has concluded that the equity environment is tainted, and all additional warrants and convertible debt are included in the value of the derivatives. We estimate the fair value of the derivatives associated with our convertible notes payable, warrants and put-back rights associated with two asset purchase agreements using, as applicable, either the Black-Scholes pricing model or multinomial lattice models that value the derivative liability based on a probability weighted discounted cash flow model using future projections of the various potential outcomes. We estimate the fair value of the derivative liabilities at the inception of the financial instruments, and, in the case of our convertible notes payable, at the date of conversions to equity and at each reporting date, recording a derivative liability, debt discount, additional paid-in capital and a gain or loss on change in derivative liabilities as applicable. These estimates are based on multiple inputs, including the market price of our stock, interest rates, our stock price volatility, variable conversion prices based on market prices as defined in the respective agreements and probabilities of certain outcomes based on management projections. These inputs are subject to significant changes from period to period and to management’s judgment; therefore, the estimated fair value of the derivative liabilities will fluctuate from period to period, and the fluctuation may be material.
Impairment of Long-Lived Assets	All assets, including intangible assets subject to amortization, are reviewed for impairment when changes in circumstances indicate that the carrying amount of the asset may not be recoverable in accordance with ASC 350 and ASC 360. If the carrying amount of the asset exceeds the expected undiscounted cash flows of the asset, an impairment charge is recognized equal to the amount by which the carrying amount exceeds fair value or net realizable value. The testing of these intangibles under established guidelines for impairment requires significant use of judgment and assumptions. Changes in forecasted operations and other assumptions could materially affect the estimated fair values. Changes in business conditions could potentially require adjustments to these asset valuations. Total impairment expense, consisting of write downs for cryptocurrency mining equipment totaled $2,097,930 for the six months ended December 31, 2018.
Fair Value of Financial Instruments	Disclosures about fair value of financial instruments require disclosure of the fair value information, whether or not recognized in the balance sheet, where it is practicable to estimate that value. As of December 31, 2018 and June 30, 2018, the amounts reported for cash, prepaid expenses and other current assets, accounts payable, accrued expenses and due to related party approximate fair value because of their short maturities. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC Topic 820 established a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1measurements) and the lowest priority to unobservable inputs (level 3 measurements). These tiers include: • Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets; • Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and • Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. At December 31, 2018, we had no financial instrument assets measured at fair value. Our marketable securities as of June 30, 2018 are measured at fair value on a recurring basis and estimated as follows: Total Level 1 Level 2 Level 3 Marketable securities $ 1,700 $ 1,700 $ - $ - Total assets measured at fair value $ 1,700 $ 1,700 $ - $ - Our derivative liabilities are measured at fair value on a recurring basis and estimated as follows: Total Level 1 Level 2 Level 3 December 31, 2018: Derivative liabilities $ 1,002,993 $ - $ - $ 1,002,993 Total liabilities measured at fair value $ 1,002,993 $ - $ - $ 1,002,993 June 30, 2018: Derivative liabilities $ 2,886,965 $ - $ - $ 2,886,965 Total liabilities measured at fair value $ 2,886,965 $ - $ - $ 2,886,965 During the six months ended December 31, 2018, the Company had the following activity in its derivative liabilities: Convertible Notes Payable Warrants Put Back Rights Total Derivative liabilities at June 30, 2018 $ - $ - $ 2,886,965 $ 2,886,965 Addition to liabilities for new debt/warrants 81,543 - - 81,543 Change in fair value (385 ) 47,528 (2,012,658 ) (1,965,515 ) Derivative liabilities at December 31, 2018 $ 81,158 $ 47,528 $ 874,307 $ 1,002,993
Stock-Based Compensation	The Company accounts for all equity-based payments in accordance with ASC Topic 718, Compensation – Stock Compensation. The Company accounts for non-employee share-based awards based upon ASC 505-50, Equity-Based Payments to Non-Employees.
Revenue Recognition	Effective July 1, 2018, we adopted ASC 606, Revenue from Contracts with Customers, Our revenues currently consist of cryptocurrency mining revenues and revenues from the sale of cryptocurrency mining equipment recognized in accordance with ASC 606 as discussed above. Amounts collected from customers prior to shipment of products are recorded as deferred revenue. The Company earns its cryptocurrency mining revenues by providing transaction verification services within the digital currency networks of crypto-currencies, such as Bitcoin, Litecoin and Ethereum. The Company satisfies its performance obligation at the point in time that the Company is awarded a unit of digital currency through its participation in the applicable network and network participants benefit from the Company’s verification service. In consideration for these services, the Company receives digital currencies, which are recorded as revenue using the closing U.S. dollar price of the related cryptocurrency on the date of receipt. Expenses associated with running the cryptocurrency mining operations, such as equipment depreciation, rent, operating supplies, rent, utilities and monitoring services are recorded as cost of revenues. There is currently no specific definitive guidance in GAAP or alternative accounting frameworks for the accounting for the production and mining of digital currencies and management has exercised significant judgment in determining appropriate accounting treatment for the recognition of revenue for mining of digital currencies. Management has examined various factors surrounding the substance of the Company’s operations and the guidance in ASC 606, including identifying the transaction price, when performance obligations are satisfied, and collectability is reasonably assured being the completion and addition of a block to a blockchain and the award of a unit of digital currency to the Company. In the event authoritative guidance is enacted by the FASB, the Company may be required to change its policies which could result in a change in the Company’s financial statements.
Income Taxes	The Company adopted the provisions of ASC 740-10, Accounting for Uncertain Income Tax Positions. The Company adopted ASC 740-10, Definition of Settlement in FASB Interpretation No. 48,
Income (Loss) Per Share	Basic net income or loss per share is calculated by dividing net income or loss by the weighted average number of common shares outstanding for the period. Diluted income or loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock, such as “in-the-money” stock options and warrants, convertible debt and convertible preferred stock, were exercised or converted into common stock. Equivalent shares are not utilized when the effect is anti-dilutive. The common shares used in the computation of basic and diluted net income (loss) per share are reconciled as follows: Three Months Ended December 31, Six Months Ended December 31, 2018 2017 2018 2017 Weighted average number of shares outstanding – basic 9,868,668 8,252,873 9,560,842 7,711,319 Dilutive effect of convertible debt 1,910,820 - - - Dilutive effect of Series B convertible preferred stock 35,038,400 - - - Weighted average number of shares outstanding – diluted 46,817,888 8,252,873 9,560,842 7,711,319
Recently Issued Accounting Pronouncements	In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) There were no new accounting pronouncements issued or proposed by the FASB during the six months ended December 31, 2018 and through the date of filing this report which the Company believes will have a material impact on its financial financial statements.
Reclassifications	Certain amounts in the condensed financial statements for the prior-year periods have been reclassified to conform to the presentation for the current-year periods.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Dec. 31, 2018
Organization And Summary Of Significant Accounting Policies Tables Abstract
Fair value of marketable securities	Our marketable securities as of June 30, 2018 are measured at fair value on a recurring basis and estimated as follows: Total Level 1 Level 2 Level 3 Marketable securities $ 1,700 $ 1,700 $ - $ - Total assets measured at fair value $ 1,700 $ 1,700 $ - $ -
Fair value of derivative liabilities	Our derivative liabilities are measured at fair value on a recurring basis and estimated as follows: Total Level 1 Level 2 Level 3 December 31, 2018: Derivative liabilities $ 1,002,993 $ - $ - $ 1,002,993 Total liabilities measured at fair value $ 1,002,993 $ - $ - $ 1,002,993 June 30, 2018: Derivative liabilities $ 2,886,965 $ - $ - $ 2,886,965 Total liabilities measured at fair value $ 2,886,965 $ - $ - $ 2,886,965
Derivative liability	During the six months ended December 31, 2018, the Company had the following activity in its derivative liabilities: Convertible Notes Payable Warrants Put Back Rights Total Derivative liabilities at June 30, 2018 $ - $ - $ 2,886,965 $ 2,886,965 Addition to liabilities for new debt/warrants 81,543 - - 81,543 Change in fair value (385 ) 47,528 (2,012,658 ) (1,965,515 ) Derivative liabilities at December 31, 2018 $ 81,158 $ 47,528 $ 874,307 $ 1,002,993
Schedule of earnings per share, basic and diluted	The common shares used in the computation of basic and diluted net income (loss) per share are reconciled as follows: Three Months Ended December 31, Six Months Ended December 31, 2018 2017 2018 2017 Weighted average number of shares outstanding – basic 9,868,668 8,252,873 9,560,842 7,711,319 Dilutive effect of convertible debt 1,910,820 - - - Dilutive effect of Series B convertible preferred stock 35,038,400 - - - Weighted average number of shares outstanding – diluted 43,817,888 8,252,873 9,560,842 7,711,319

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	6 Months Ended
	Dec. 31, 2018
Property And Equipment
Property and equipment	Property and equipment consisted of the following at: December 31, 2018 June 30, 2018 Cryptocurrency mining equipment $ 1,483,194 $ 573,806 Furniture and equipment 16,366 14,427 Leasehold improvements 143,440 102,932 Total 1,643,000 691,165 Less accumulated depreciation and amortization (305,056 ) (58,060 ) Net $ 1,337,944 $ 633,105

DIGIMINE ACQUISITION (Tables)

DIGIMINE ACQUISITION (Tables)	6 Months Ended
	Dec. 31, 2018
Digimine Acquisition
Summarized of acquisition	The total consideration paid in the Acquisition is summarized as follows: Value of 36,667 total Series B preferred shares $ 1,163,806 Derivative liabilities associated with Put-Back Rights 3,729,109 Total consideration paid $ 4,892,915
Schedule of fair value of the assets acquired	The total consideration paid was allocated to the fair value of the assets acquired as follows: Restricted cash $ 375,000 Property and equipment 350,349 Digital currencies 14,056 Goodwill 4,153,510 Total consideration allocated $ 4,892,915

CONVERTIBLE NOTES PAYABLE (Tabl

CONVERTIBLE NOTES PAYABLE (Tables)	6 Months Ended
	Dec. 31, 2018
Convertible Notes Payable
Schedule of convertible notes payable	Convertible notes payable, all classified as current, consist of the following at December 31, 2018: Debt Principal Discount Net Geneva Roth Remark Holdings, Inc. $ 128,000 $ 35,025 $ 92,975 BHP Capital NY, Inc. 52,000 34,520 17,480 Armada Investment Fund, LLC 52,000 34,521 17,479 Total $ 232,000 $ 104,066 $ 127,934

WARRANTS (Tables)

WARRANTS (Tables)	6 Months Ended
	Dec. 31, 2018
Non Employees [Member]
Schedule of warrant	Warrant activity for the six months ended December 31, 2018 is as follows: Number of Warrants Weighted Average Exercise Price Weighted Average Remaining Contract Term (Years) Aggregate Intrinsic Value Outstanding at June 30, 2018 348,375 $ 2.20 2.55 $ - Granted - $ - Exercised (34,333 ) $ 2.16 Forfeited or expired - $ - Outstanding and exercisable at December 31, 2018 314,042 $ 2.20 2.05 $ -

RESTATEMENT (Tables)

RESTATEMENT (Tables)	6 Months Ended
	Dec. 31, 2018
Restatement Tables Abstract
Restated Balance Sheet	The following adjustments were made to the December 31, 2017 Restated Balance Sheet: Integrated Ventures, Inc. Balance Sheet As Originally Reported on December 31, 2017 Adjustments As Restated December 31, 2017 ASSETS Current assets: Cash $ 121,061 $ - $ 121,061 Accounts receivable 15,000 - 15,000 Digital currencies 43,786 (43,786 )(a) - Prepaid expenses and other current assets 2,500 - 2,500 Inventories 17,730 - 17,730 Marketable securities 1,760 - 1,760 Total current assets 201,837 (43,786 ) 158,051 Non-current assets: Property and equipment 305,568 (3,438 )(c) 302,130 Digital currencies - 43,786 (a) 43,786 Deposits 700 - 700 Total assets $ 508,105 $ (3,438 ) $ 504,667 LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) Current liabilities: Accounts payable $ 23,331 $ - $ 23,331 Accrued expenses 29,745 8,468 (b) 38,213 Due to related party 993 (993 )(b) - Derivative liabilities 21,419 63,404 (d) 84,823 Convertible notes payable, net of discounts 14,458 - 14,458 Note payable 125,000 - 125,000 Total current liabilities 214,946 70,879 285,825 Total liabilities 214,946 70,879 285,825 Commitments and contingencies Stockholders’ equity (deficit): Series A preferred stock, $0.001 par value, (1,000,000 shares authorized, 500,000 shares issued and outstanding) 500 - 500 Series B preferred stock, $0.001 par value, (500,000 shares authorized, 232,500 shares issued and outstanding) 233 - 233 Common stock, $0.001 par value, (40,000,000 shares authorized, 8,388,337 shares issued and outstanding) 8,388 - 8,388 Additional paid-in capital 5,538,477 1,424,603 (d)(f) 6,963,080 Stock subscription payable 35,000 - 35,000 Accumulated deficit (5,289,439 ) (1,498,920 )(b)(c)(d)(e) (6,788,359 ) Total stockholders’ equity (deficit) 293,159 (74,317 ) 218,842 Total liabilities and stockholders’ equity (deficit) $ 508,105 $ (3,438 ) $ 504,667
Restated Statement of Operations	The following adjustments were made to the Restated Statement of Operations for the three months ended December 31, 2017: Integrated Ventures, Inc. Statement of Operations As Originally Reported for the Three Months Ended December 31, 2017 Adjustments As Restated for the Three Months Ended December 31, 2017 Revenues: Cryptocurrency mining $ 59,498 $ - $ 59,498 Sales of cryptocurrencymining equipment 45,590 - 45,590 Total revenues 105,088 - 105,088 Cost of revenues 46,818 3,438 (c) 50,256 Gross margin 58,270 (3,438 ) 54,832 Operating expenses: General and administrative 494,247 3,981 (e) 498,228 Total operating expenses 494,247 3,981 498,228 Loss from operations (435,977 ) (7,419 ) (443,396 ) Other income (expense): Interest and other income 1,304 - 1,304 Interest expense (34,738 ) (22,089 )(b)(d) (56,827 ) Realized gain on sale of investments 85,911 (78,718 )(f) 7,193 Unrealized loss on investments (64,987 ) - (64,987 ) Gain on extinguishment of debt 3,259 - 3,259 Change in fair value of derivative liabilities 273,032 (677,571 )(d) (404,539 ) Loss on settlement of warrants (63,765 ) 38,765 (d) (25,000 ) Total other income (expense) 200,016 (739,613 ) (539,597 ) Loss before income taxes (235,961 ) (747,032 ) (982,993 ) Provision for income taxes - - - Net loss $ (235,961 ) $ (747,032 ) $ (982,993 ) Net loss per common share: Basic $ (0.03 ) $ (0.09 )(g) $ (0.12 ) Weighted average number of common shares outstanding: Basic 8,252,873 - 8,252,873 The following adjustments were made to the Restated Statement of Operations for the six months ended December 31, 2017: Integrated Ventures, Inc. Statement of Operations As Originally Reported for the Six Months Ended December 31, 2017 Adjustments As Restated for the Six Months Ended December 31, 2017 Revenues: Cryptocurrency mining $ 59,498 $ - $ 59,498 Sales of cryptocurrencymining equipment 45,590 - 45,590 Total revenues 105,088 - 105,088 Cost of revenues 46,818 3,438 (c) 50,256 Gross margin 58,270 (3,438 ) 54,832 Operating expenses: General and administrative 634,124 25,462 (e) 659,586 Total operating expenses 634,124 25,462 659,586 Loss from operations (575,854 ) (28,900 ) (604,754 ) Other income (expense): Interest and other income 1,402 - 1,402 Interest expense (120,319 ) (23,388 )(b)(d) (143,707 ) Realized gain on sale of investments 367,134 (78,718 )(f) 288,416 Unrealized loss on investments (3,876 ) - (3,876 ) Gain (loss) on extinguishment of debt (268,476 ) 276,410 (d) 7,934 Change in fair value of derivative liabilities 201,197 (617,485 )(d) (416,288 ) Loss on settlement of warrants (63,765 ) 38,765 (d) (25,000 ) Total other income (expense) 113,297 (404,416 ) (291,119 ) Loss before income taxes (462,557 ) (433,316 ) (895,873 ) Provision for income taxes - - - Net loss $ (462,557 ) $ (433,316 ) $ (895,873 ) Net loss per common share: Basic $ (0.06 ) $ (0.06 )(g) $ (0.12 ) Weighted average number of common shares outstanding: Basic 7,711,319 - 7,711,319
Restated Statement of Cash Flows	The Following adjustments were made to the Restated Statement of Cash Flows for the six months ended December 31, 2017: Integrated Ventures, Inc. Statement of Cash Flows As Originally Reported for the Six Months Ended December 31, 2017 Adjustments As Restated for the Six Months Ended December 31, 2017 Cash flows from operating activities: Net loss $ (462,557 ) $ (433,316 )(b)(c)(d)(e)(f) (895,873 ) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation expense 5,264 3,438 (c) 8,702 Stock-based compensation – related party 409,000 - 409,000 Amortization of debt discount 79,631 28,490 (d) 108,121 Amortization of original issue discount 1,347 - 1,347 Change in fair value of derivative liabilities (201,197 ) 617,485 (d) 416,288 (Gain) loss on extinguishment of debt 268,476 (276,410 )(d) (7,934 ) Financing fees related to notes payable 32,358 - 32,358 Realized gain on sale of investments (367,134 ) 78,718 (f) (288,416 ) Unrealized loss on investments 3,876 - 3,876 Loss on settlement of warrants 63,765 (38,765 )(d) 25,000 Changes in assets and liabilities: Digital currencies (61,892 ) (9,651 )(b) (71,543 ) Prepaid expenses and other current assets 5,000 - 5,000 Inventories (17,730 ) - (17,730 ) Accrued interest receivable – related party (98 ) - (98 ) Accounts payable (827 ) - (827 ) Accrued expenses (1,786 ) 8,197 (b) 6,411 Due to related party (19,223 ) 12,163 (b) (7,060 ) Net cash used in operating activities (263,727 ) (9,651 ) (273,378 ) Cash flows from investing activities: Net proceeds from the sale of investments 579,460 - 579,460 Purchase of investments (9,651 ) 9,651 (b) - Increase in notes receivable – related party (49,880 ) - (49,880 ) Purchase of property and equipment (310,832 ) - (310,832 ) Net cash provided by investing activities 209,097 9,651 218,748 Cash flows from financing activities: Proceeds from sale of preferred stock 125,000 - 125,000 Proceeds from stock subscriptions payable 35,000 - 35,000 Net cash provided by financing activities 160,000 - 160,000 Net increase in cash 105,370 - 105,370 Cash, beginning of period 15,691 - 15,691 Cash, end of period $ 121,061 $ - 121,061 Supplemental disclosure of cash flow information: Cash paid for interest $ - $ - $ - Cash paid for income taxes - - - Non-cash investing and financing activities: Common shares issued for convertible notes payable $ 379,021 (229,972 )(d) 149,049 Common shares issued for due to related party 15,625 - 15,625 Common shares issued for cashless exercise of warrants 188 - 188 Debt discount for derivative liability 47,617 25,000 (d) 72,617 Accrued interest added to convertible notes payable 1,117 - 1,117 Settlement of derivative liabilities - 405,970 (d) 405,970 Marketable securities for conversion of notes receivable 66,850 - 66,850 Marketable securities exchanged for note payable (37,074 ) 37,074 (d) - Marketable securities exchanged for accrued expenses (1,370 ) 1,370 (d) - Marketable securities exchanged for derivative liabilities (78,718 ) 78,718 (d) - Marketable securities exchanged for accounts receivable (15,000 ) 15,000 (d) - Note payable issued in settlement of warrants 25,000 (25,000 )(d) - Derivative liabilities extinguished in settlement of warrants 67,064 (67,064 )(d) -

ORGANIZATION AND BASIS OF PRE_2

ORGANIZATION AND BASIS OF PRESENTATION (Details Narrative)	6 Months Ended
	Dec. 31, 2018
Organization And Basis Of Presentation
State of Incorporation	Nevada
Date of incorporation	Mar. 22, 2011

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	Dec. 31, 2018USD ($)
Marketable securities	$ 1,700
Total assets measured at fair value	1,700
Level 1 [Member]
Marketable securities	1,700
Total assets measured at fair value	1,700
Level 2 [Member]
Marketable securities
Total assets measured at fair value
Level 3 [Member]
Marketable securities
Total assets measured at fair value

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) - USD ($)	Dec. 31, 2018	Jun. 30, 2018
Derivative liabilities	$ 1,002,993	$ 2,886,965
Total liabilities measured at fair value	1,002,993	2,886,965
Level 1 [Member]
Derivative liabilities
Total liabilities measured at fair value
Level 2 [Member]
Derivative liabilities
Total liabilities measured at fair value
Level 3 [Member]
Derivative liabilities	1,002,993	2,886,965
Total liabilities measured at fair value	$ 1,002,993	$ 2,886,965

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2)	6 Months Ended
	Dec. 31, 2018USD ($)
Derivative liability Beginning	$ 2,886,965
Addition to liabilities for new debt/warrants	81,543
Change in fair value	(1,965,515)
Derivative liability Ending	1,002,993
Warrants [Member]
Derivative liability Beginning
Addition to liabilities for new debt/warrants
Change in fair value	47,528
Derivative liability Ending	47,528
Convertible Notes Payable [Member]
Derivative liability Beginning
Addition to liabilities for new debt/warrants	81,543
Change in fair value	(385)
Derivative liability Ending	81,158
Put Back Rights [Member]
Derivative liability Beginning	2,886,965
Addition to liabilities for new debt/warrants
Change in fair value	(2,012,658)
Derivative liability Ending	$ 874,307

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 3) - shares	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Summary Of Significant Accounting Policies Details 2Abstract
Weighted average number of shares outstanding - basic	9,868,668	8,252,873	9,560,842	7,711,319
Dilutive effect of convertible debt	1,910,820
Dilutive effect of Series B convertible preferred stock	35,038,400
Weighted average number of shares outstanding - diluted	46,817,888	8,252,873	9,560,842	7,711,319

SUMMARY OF SIGNIFICANT ACCOUN_8

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	6 Months Ended
	Dec. 31, 2018	Jun. 30, 2018
Property and equipment	$ 1,337,944	$ 633,105
Impairment expense of long-lived assets	2,097,930
Crypto-Currency Mining Equipment [Member]
Property and equipment	$ 2,097,930
Property and equipment estimated useful life	3 years

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Jun. 30, 2018
Going Concern
Net cash used in operating activities	$ (355,680)	$ (273,378)
Accumulated deficit	$ (12,641,382)		$ (11,469,936)

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($)	Dec. 31, 2018	Jun. 30, 2018
Property and Equipment, Total	$ 1,643,000	$ 691,165
Less accumulated depreciation and amortization	(305,056)	(58,060)
Property and Equipment, Net	1,337,944	633,105
Cryptocurrency mining equipment [Member]
Property and Equipment, Total	1,483,194	573,806
Furniture and equipment [Member]
Property and Equipment, Total	16,366	14,427
Leasehold Improvements [Member]
Property and Equipment, Total	$ 143,440	$ 102,932

PROPERTY AND EQUIPMENT (Detai_2

PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Property And Equipment Details Abstract
Depreciation and amortization expense	$ 136,778	$ 8,702	$ 246,996	$ 8,702

ASSET PURCHASE AGREEMENT (Detai

ASSET PURCHASE AGREEMENT (Details Narrative)	Aug. 02, 2018USD ($)Numbershares	Dec. 31, 2018USD ($)
Impairment expense | $		$ 2,097,930
Asset Purchase Agreement [Member] | Ethereum mining machines [Member]
Number of machines to be purchased under agreement	182
Number of machines placed in operations	152
Number of machines deemed to be defective	30
Asset Purchase Agreement [Member] | Series B Convertible Preferred Stock [Member] | Ethereum mining machines [Member]
Restricted stock shares issued for the purchase of machine under agreement | shares	38,018
Amount of restricted stock shares issued for the purchase of machine under agreement | $	$ 3,801,800

DIGIMINE ACQUISITION (Details)

DIGIMINE ACQUISITION (Details)	Dec. 31, 2018USD ($)
Digimine Acquisition Details Abstract
Value of 36,667 total Series B preferred shares	$ 1,163,806
Derivative liabilities associated with Put-Back Rights	3,729,109
Total consideration paid	$ 4,892,915

DIGIMINE ACQUISITION (Details 1

DIGIMINE ACQUISITION (Details 1) - USD ($)	Dec. 31, 2018	Jun. 30, 2018
Restricted cash		$ 375,000
Property and equipment	$ 1,643,000	691,165
Digital currencies		$ 11,227
DigiMine LLC [Member]
Restricted cash	375,000
Property and equipment	350,349
Digital currencies	14,056
Goodwill	4,153,510
Total consideration allocated	$ 4,892,915

DIGIMINE ACQUISITION (Details N

DIGIMINE ACQUISITION (Details Narrative) - USD ($)	Apr. 16, 2018	Apr. 30, 2018	Jun. 30, 2018	Dec. 31, 2018
Restricted cash			$ 375,000
Impairment expense			$ 4,153,510
DigiMine LLC [Member]
Restricted cash				$ 375,000
Goodwill				$ 4,153,510
Asset Purchase Agreement [Member] | DigiMine LLC [Member]
Restricted cash	$ 175,000	$ 200,000
Description for shares of redemption price	DigiMine has the right (the "Put-Back Right"), at any time commencing April 1, 2019, to require that the Company redeem for cash any of Seller's then-outstanding Shares at a redemption price equal to 72% of the Shares	DigiMine has the right (the "Put-Back Right"), at any time commencing May 1, 2019, to require that the Company redeem for cash any of Seller's then-outstanding Shares at a redemption price equal to 72% of the Shares
Put-Back Price	$ 1,200,000	$ 1,440,000
Fixed price	$ 100	$ 100
Description of put-back price	The Conversion Amount on execution is equal to $1,200,000 (the "Put-Back Price") of such Shares; provided, that the Put Back Right expires with respect to any of the Shares at such time as the Shares are registered for resale. Each of the Shares for purposes of the Put-Back Price is equal to a fixed price of $100 per share	The Conversion Amount on execution is equal to $1,440,000 (the "Put-Back Price") of such Shares; provided, that the Put Back Right expires with respect to any of the Shares at such time as the Shares are registered for resale. Each of the Shares for purposes of the Put-Back Price is equal to a fixed price of $100 per share
Digital currency portfolio an estimated value		$ 15,487
Asset Purchase Agreement [Member] | DigiMine LLC [Member] | Series B Preferred Stock [Member]
Shares issued	16,666	20,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended	6 Months Ended
	Mar. 18, 2018	Sep. 30, 2017	Dec. 31, 2018	Dec. 31, 2017	Aug. 31, 2018	Jun. 30, 2018
Stock-based compensation - related party			$ 417,000	$ 409,000
Due to related party			$ 64,774			$ 20,974
Series B Preferred Stock [Member]
Preferred stock shares issued			350,384			309,166
Mr. Rubakh [Member]
Due to related party			$ 64,774			$ 20,974
Conversion of accrued compensation, amount					$ 15,625
Conversion of accrued compensation, shares issued					347,222
Mr. Rubakh [Member] | Series B Preferred Stock [Member]
Preferred stock shares reserved for future issuance periodically	5,000
Frequency of periodic issuance	Quarterly
Mr. Rubakh [Member] | On August 1, 2017 [Member] | Series B Preferred Stock [Member]
Preferred stock shares issued		30,000		30,000
Stock-based compensation - related party		$ 9,000		$ 9,000
Mr. Rubakh [Member] | On July 1, 2018 [Member] | Series B Preferred Stock [Member]
Preferred stock shares issued			5,000
Stock-based compensation - related party			$ 417,000
Mr. Rubakh [Member] | April 1, 2018 [Member]
Accrued compensation	$ 150,000

CONVERTIBLE NOTES PAYABLE (Deta

CONVERTIBLE NOTES PAYABLE (Details) - USD ($)	Dec. 31, 2018	Jun. 30, 2018
Principal	$ 232,000
Debt Discount	104,066
Net	127,934
Convertible Notes Payable [Member] | Geneva Roth Remark Holdings, Inc. [Member]
Principal	128,000
Debt Discount	35,025
Net	92,975
Convertible Notes Payable [Member] | BHP Capital NY, Inc. [Member]
Principal	52,000
Debt Discount	34,520
Net	17,480
Convertible Notes Payable [Member] | Armada Investment Fund, LLC [Member]
Principal	52,000
Debt Discount	34,521
Net	$ 17,479

CONVERTIBLE NOTES PAYABLE (De_2

CONVERTIBLE NOTES PAYABLE (Details Narrative) - USD ($)	1 Months Ended		6 Months Ended
	Sep. 26, 2018	Sep. 17, 2018	Dec. 31, 2018	Dec. 31, 2017	Jun. 30, 2018
Principal amount			$ 232,000
Common stock shares issued			9,874,103		8,964,103
Derivative liability			$ 1,002,993		$ 2,886,965
Amortization of debt discount			38,782	$ 108,121
Convertible Promissory Note [Member] | BHP Capital NY, Inc. [Member]
Principal amount	$ 52,000
Original issue discount	$ 2,000
Maturity date	Sep. 17, 2019
Interest rate	8.00%
Common stock shares issued	75,000
Proceeds from issuance of common stock	$ 26,625
Debt discount	46,840
Derivative liability	$ 17,687		18,056
Terms of conversion feature	BHP has the right beginning on the date that is 31 days following the date of the note to convert principal and accrued interest into shares of the Company’s common stock
Conversion price, description	The conversion price is 70% of the average of the three lowest trading prices of the Company’s common stock during the ten trading days ending on the latest complete trading day prior to the date of conversion.
Amortization of debt discount			12,320
Accrued interest			1,094
Convertible Promissory Note [Member] | Geneva Roth Remark Holdings, Inc. [Member]
Principal amount		$ 128,000
Maturity date		Sep. 26, 2019
Interest rate		10.00%
Debt discount		$ 49,169
Derivative liability		$ 46,169	45,046
Terms of conversion feature		Geneva has the right beginning on the date that is 170 days following the date of the note to convert principal and accrued interest into shares of the Company’s common stock
Conversion price, description		The conversion price is 70% of the average of the three lowest trading prices of the Company’s common stock during the ten trading days ending on the latest complete trading day prior to the date of conversion.
Amortization of debt discount			14,144
Accrued interest			3,682
Convertible Promissory Note [Member] | Armada Investment Fund, LLC [Member]
Principal amount	$ 52,000
Original issue discount	$ 2,000
Maturity date	Sep. 17, 2019
Interest rate	8.00%
Common stock shares issued	75,000
Proceeds from issuance of common stock	$ 26,625
Debt discount	46,840
Derivative liability	$ 17,687		18,056
Terms of conversion feature	Armada has the right beginning on the date that is 31 days following the date of the note to convert principal and accrued interest into shares of the Company’s common stock
Conversion price, description	The conversion price is 70% of the average of the three lowest trading prices of the Company’s common stock during the ten trading days ending on the latest complete trading day prior to the date of conversion.
Amortization of debt discount			12,319
Accrued interest			$ 1,094

STOCKHOLDERS' DEFICIT (Details

STOCKHOLDERS' DEFICIT (Details Narrative)	Oct. 05, 2018USD ($)shares	Aug. 02, 2018USD ($)Numbershares	Jul. 06, 2017USD ($)shares	Sep. 26, 2018USD ($)shares	Aug. 23, 2018USD ($)shares	Mar. 18, 2018USD ($)shares	Aug. 31, 2017USD ($)shares	Mar. 31, 2015shares	Sep. 30, 2017USD ($)shares	Dec. 31, 2018USD ($)$ / sharesshares	Dec. 31, 2017USD ($)$ / sharesshares	Aug. 14, 2018USD ($)shares	Jun. 30, 2018USD ($)$ / sharesshares	Dec. 21, 2015$ / sharesshares
Stock-based compensation - related party | $										$ 417,000	$ 409,000
Common stock value | $										$ 9,875			$ 8,965
Common stock, par value | $ / shares										$ 0.001			$ 0.001
Common stock, shares authorized										40,000,000			40,000,000
Common stock, shares issued										9,874,103			8,964,103
Common stock, shares outstanding										9,874,103			8,964,103
Common shares issued for cashless exercise of warrants, amount | $										$ 560	$ 188
Common stock shares issued, shares										910,000	3,175,774
Unissued shares | $										$ 35,000			$ 35,000
Asset Purchase Agreement [Member] | Ethereum mining machines [Member]
Number of machines to be purchased under agreement | Number		182
Consultant [Member]
Common stock value | $												$ 55,000
Common stock, shares issued												100,000
Common Stock | Consultant [Member]
Common stock shares issued, shares	100,000
Common stock shares issued, amount | $	$ 25,160
Convertible debt [Member]
Debt conversion converted instrument, shares issued											2,640,017
Value of shares issued upon conversion of debt | $											$ 149,049
Debt conversion converted amount, principal | $											55,760
Debt conversion converted amount, accrued interest | $											2,715
Debt conversion converted amount, derivative liabilities | $											58,216
Debt conversion converted amount, fees | $											2,449
Debt conversion converted amount, penalties | $											$ 29,909
Series B Preferred Stock [Member]
Preferred stock, shares authorized										500,000			500,000	500,000
Preferred stock, shares issued										350,384			309,166
Preferred stock, shares outstanding										350,384			309,166
Common stock shares issuable upon conversion of preferred stock														100
Preferred stock, par value per share | $ / shares										$ 0.001			$ 0.001	$ 0.001
Series B Preferred Stock [Member] | Asset Purchase Agreement [Member]
Preferred stock originally issued										1,800
Series B Convertible Preferred Stock [Member] | Asset Purchase Agreement [Member] | Ethereum mining machines [Member]
Restricted shares issued		38,018
Amount of restricted stock shares issued for the purchase of machine under agreement | $		$ 3,801,800
Series A Preferred Stock [Member]
Preferred stock, shares authorized										1,000,000			1,000,000
Preferred stock, shares issued										500,000			500,000
Preferred stock, shares outstanding										500,000			500,000
Preferred stock, par value per share | $ / shares										$ 0.001			$ 0.001
Series A Preferred Stock [Member] | Board of Directors [Member]
Preferred stock, shares authorized								1,000,000
Preferred stock, shares issued								500,000
Preferred stock, shares outstanding								500,000
limitations and relative rights								1,000,000
Common stock voting rights								Holders of the Series A Preferred Stock have the right to vote in aggregate, on all shareholder matters equal to 1,000 votes per share of Series A Preferred Stock
Common Stock
Reverse stock split, description									The Company increased the number of outstanding common shares by 114 shares due to rounding of shares in the reverse stock split
Four Investors [Member] | Series B Preferred Stock [Member] | On October 25, 2017 [Member]
Preferred stock, par value per share | $ / shares											$ 10
Purchase of shares											16,000
Shares issued for investment											12,500
Investment amount | $											$ 125,000
Mr. Rubakh [Member] | April 1, 2018 [Member]
Accrued compensation | $						$ 150,000
Mr. Rubakh [Member] | Series B Preferred Stock [Member]
Preferred stock shares reserved for future issuance periodically						5,000
Frequency of periodic issuance						Quarterly
Mr. Rubakh [Member] | Series B Preferred Stock [Member] | On November 1, 2017 [Member]
Preferred stock, shares issued											40,000
Stock-based compensation - related party | $											$ 400,000
Mr. Rubakh [Member] | Series B Preferred Stock [Member] | On August 1, 2017 [Member]
Preferred stock, shares issued									30,000		30,000
Stock-based compensation - related party | $									$ 9,000		$ 9,000
Mr. Rubakh [Member] | Series B Preferred Stock [Member] | On July 1, 2018 [Member]
Preferred stock, shares issued										5,000
Stock-based compensation - related party | $										$ 417,000
Steve Rubakh [Member]
Common stock shares issued, shares							347,222
Common stock shares issued, amount | $							$ 15,625
Lender [Member] | Common Stock
Common shares issued for cashless exercise of warrants, amount | $			$ 188		$ 560
Common shares issued for cashless exercise of warrants, shares			188,240		560,000
Common stock shares issued, shares				150,000
Common stock shares issued, amount | $				$ 53,250

WARRANTS (Details)

WARRANTS (Details) - Warrant [Member]	6 Months Ended
	Dec. 31, 2018USD ($)$ / sharesshares
Number of Outstanding Shares, Beginning Balance | shares	348,375
Granted | shares
Exercised | shares	(34,333)
Forfeited or expired | shares
Number of Outstanding Shares, Ending Balance | shares	314,042
Weighted Average Exercise Price, Beginning Balance | $ / shares	$ 2.20
Granted | $ / shares
Exercised | $ / shares	2.16
Forfeited or expired | $ / shares
Weighted Average Exercise Price, Ending Balance | $ / shares	$ 2.20
Weighted average remaining contractual life (Years), Outstanding and exercisable, Beginning Balance	2 years 6 months 18 days
Weighted average remaining contractual life (Years), Outstanding and exercisable, Ending Balance	2 years 18 days
Aggregate intrinsic value, Beginning Balance | $
Aggregate intrinsic value, Ending Balance | $

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative)	12 Months Ended
	Jun. 30, 2018
Pennsylvania [Member]
Operating lease term description	The lease for the Pennsylvania location is on a month-to-month basis at $850 per month.
New Jersey [Member]
Operating lease term description	The lease for the New Jersey location was effective April 1, 2018 for a period of one year at a monthly rental of $6,986, with an automatic one-year renewal period with a 5% increase in the monthly rent.

RESTATEMENT (Details)

RESTATEMENT (Details) - USD ($)		Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017
Current assets:
Cash		$ 51,627	$ 749
Digital currencies			11,227
Prepaid expenses and other current assets		3,000	9,000
Inventories		114,851	114,851
Marketable securities			1,700
Total current assets		169,478	170,517
Non-current assets:
Property and equipment		1,337,944	633,105
Deposits		14,673	14,673
Total assets		1,522,095	829,522
Current liabilities:
Accounts payable		29,487	26,973
Accrued expenses		24,340	29,428
Due to related party		64,774	20,974
Derivative liabilities		1,002,993	2,886,965
Convertible notes payable, net of discounts		127,934
Total current liabilities		1,249,528	2,964,340
Total liabilities		1,249,528	2,964,340
Commitments and contingencies
Stockholders'equity (deficit):
Common stock, $0.001 par value, (40,000,000 shares authorized, 8,388,337 shares issued and outstanding)		9,875	8,965
Additional paid-in capital		12,843,224	9,290,344
Stock subscription payable		60,000	35,000
Accumulated deficit		(12,641,382)	(11,469,936)
Total stockholders’ equity (deficit)		272,567	(2,134,818)
Total liabilities and stockholders’ equity (deficit)		1,522,095	829,522
Series A Preferred Stock [Member]
Stockholders'equity (deficit):
Preferred stock		500	500
Series B Preferred Stock [Member]
Stockholders'equity (deficit):
Preferred stock		$ 350	$ 309
As Originally Reported [Member]
Current assets:
Cash				$ 121,061	$ 15,691
Accounts receivable				15,000
Digital currencies				43,786
Prepaid expenses and other current assets				2,500
Inventories				17,730
Marketable securities				1,760
Total current assets				201,837
Non-current assets:
Property and equipment				305,568
Digital currencies
Deposits				700
Total assets				508,105
Current liabilities:
Accounts payable				23,331
Accrued expenses				29,745
Due to related party				993
Derivative liabilities				21,419
Convertible notes payable, net of discounts				14,458
Note payable				125,000
Total current liabilities				214,946
Total liabilities				214,946
Commitments and contingencies
Stockholders'equity (deficit):
Common stock, $0.001 par value, (40,000,000 shares authorized, 8,388,337 shares issued and outstanding)				8,388
Additional paid-in capital				5,538,477
Stock subscription payable				35,000
Accumulated deficit				(5,289,439)
Total stockholders’ equity (deficit)				293,159
Total liabilities and stockholders’ equity (deficit)				508,105
As Originally Reported [Member] | Series A Preferred Stock [Member]
Stockholders'equity (deficit):
Preferred stock				500
As Originally Reported [Member] | Series B Preferred Stock [Member]
Stockholders'equity (deficit):
Preferred stock				233
Adjustments [Member]
Current assets:
Cash
Accounts receivable
Digital currencies	[1]			(43,786)
Prepaid expenses and other current assets
Inventories
Marketable securities
Total current assets				(43,786)
Non-current assets:
Property and equipment	[2]			(3,438)
Digital currencies	[1]			43,786
Deposits
Total assets				(3,438)
Current liabilities:
Accounts payable
Accrued expenses	[3]			8,468
Due to related party	[3]			(993)
Derivative liabilities	[4]			63,404
Convertible notes payable, net of discounts
Note payable
Total current liabilities				70,879
Total liabilities				70,879
Commitments and contingencies
Stockholders'equity (deficit):
Common stock, $0.001 par value, (40,000,000 shares authorized, 8,388,337 shares issued and outstanding)
Additional paid-in capital	[4],[5]			1,424,603
Stock subscription payable
Accumulated deficit	[2],[3],[4],[6]			(1,498,920)
Total stockholders’ equity (deficit)				(74,317)
Total liabilities and stockholders’ equity (deficit)				(3,438)
Adjustments [Member] | Series A Preferred Stock [Member]
Stockholders'equity (deficit):
Preferred stock
Adjustments [Member] | Series B Preferred Stock [Member]
Stockholders'equity (deficit):
Preferred stock
As Restated [Member]
Current assets:
Cash				121,061	$ 15,691
Accounts receivable				15,000
Digital currencies
Prepaid expenses and other current assets				2,500
Inventories				17,730
Marketable securities				1,760
Total current assets				158,051
Non-current assets:
Property and equipment				302,130
Digital currencies				43,786
Deposits				700
Total assets				504,667
Current liabilities:
Accounts payable				23,331
Accrued expenses				38,213
Due to related party
Derivative liabilities				84,823
Convertible notes payable, net of discounts				14,458
Note payable				125,000
Total current liabilities				285,825
Total liabilities				285,825
Commitments and contingencies
Stockholders'equity (deficit):
Common stock, $0.001 par value, (40,000,000 shares authorized, 8,388,337 shares issued and outstanding)				8,388
Additional paid-in capital				6,963,080
Stock subscription payable				35,000
Accumulated deficit				(6,788,359)
Total stockholders’ equity (deficit)				218,842
Total liabilities and stockholders’ equity (deficit)				504,667
As Restated [Member] | Series A Preferred Stock [Member]
Stockholders'equity (deficit):
Preferred stock				500
As Restated [Member] | Series B Preferred Stock [Member]
Stockholders'equity (deficit):
Preferred stock				$ 233
[1]	(a) Reclassified digital currencies from current to long-term asset.
[2]	(c) Reduced useful life for depreciation from 5 years to 3 years.
[3]	(b) Accrued officer compensation was reclassified from accrued expenses to due to related party and subsequently reduced. Accrued interest payable was increased.
[4]	(d) The Company engaged an outside consultant to revise derivative liabilities associated with convertible notes payable and to add derivative liabilities associated with warrants. The calculations were made for each issuance of new debt and warrants and for each conversion, exchange or exercise of debt and warrants. As a result, total derivative liabilities increased, and modifications were made to the calculation of debt discount, interest expense for the amortization of debt discount, and change in fair value of derivative liabilities. In addition, convertible notes payable, net of discounts, increased, interest expense increased, and change in fair value of derivative liabilities decreased. Additionally, no loss on extinguishment of debt for note conversions was recorded, resulting in a decrease in the loss and an increase in additional paid-in capital.
[5]	(f) Adjusted realized gain on sale of investments, including recording gain on sale of related party investment to capital.
[6]	(e) Total general and administrative expenses decreased as a result of corrections to certain operating expenses.

RESTATEMENT (Details 1)

RESTATEMENT (Details 1) - USD ($)		3 Months Ended		6 Months Ended
		Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Revenues
Cryptocurrency mining		$ 77,913	$ 59,498	$ 178,378	$ 59,498
Sales of cryptocurrencymining equipment		9,557	45,590	24,337	45,590
Total revenues		87,470	105,088	202,715	105,088
Cost of revenues		232,896	50,256	434,156	50,256
Gross margin		(145,426)	54,832	(231,441)	54,832
Operating expenses:
General and administrative		173,512	498,228	730,434	659,586
Total operating expenses		173,512	498,228	2,828,364	659,586
Loss from operations		(318,938)	(443,396)	(3,059,805)	(604,754)
Other income (expense):
Interest and other income			1,304		1,402
Interest expense		(41,328)	(56,827)	(44,652)	(143,707)
Realized gain on sale of investments		(25,266)	7,193	(32,504)	288,416
Unrealized loss on investments			64,987		3,876
Gain (loss) on extinguishment of debt			3,259		7,934
Change in fair value of derivative liabilities		914,308	(404,539)	1,965,515	(416,288)
Loss on settlement of warrants			(25,000)		(25,000)
Total other income (expense)		847,714	(539,597)	1,888,359	(291,119)
Loss before income taxes		528,776	(982,993)	(1,171,446)	(895,873)
Provision for income taxes
Net loss		$ 528,776	$ (982,993)	$ (1,171,446)	$ (895,873)
Net loss per common share:
Basic		$ 0.05	$ (0.12)	$ (0.12)	$ (0.12)
Weighted average number of common shares outstanding:
Basic		9,868,668	8,252,873	9,560,842	7,711,319
As Originally Reported [Member]
Revenues
Cryptocurrency mining			$ 59,498		$ 59,498
Sales of cryptocurrencymining equipment			45,590		45,590
Total revenues			105,088		105,088
Cost of revenues			46,818		46,818
Gross margin			58,270		58,270
Operating expenses:
General and administrative			494,247		634,124
Total operating expenses			494,247		634,124
Loss from operations			(435,977)		(575,854)
Other income (expense):
Interest and other income			1,304		1,402
Interest expense			(34,738)		(120,319)
Realized gain on sale of investments			85,911		367,134
Unrealized loss on investments			(64,987)		(3,876)
Gain (loss) on extinguishment of debt			3,259		(268,476)
Change in fair value of derivative liabilities			273,032		201,197
Loss on settlement of warrants			(63,765)		(63,765)
Total other income (expense)			200,016		113,297
Loss before income taxes			(235,961)		(462,557)
Provision for income taxes
Net loss			$ (235,961)		$ (462,557)
Net loss per common share:
Basic			$ (0.03)		$ (0.06)
Weighted average number of common shares outstanding:
Basic			8,252,873		7,711,319
Adjustments [Member]
Revenues
Cryptocurrency mining
Sales of cryptocurrencymining equipment
Total revenues
Cost of revenues	[1]		3,438		3,438
Gross margin			(3,438)		(3,438)
Operating expenses:
General and administrative	[2]		3,981		25,462
Total operating expenses			3,981		25,462
Loss from operations			(7,419)		(28,900)
Other income (expense):
Interest and other income
Interest expense	[3],[4]		(22,089)		(23,388)
Realized gain on sale of investments	[5]		(78,718)		(78,718)
Unrealized loss on investments
Gain (loss) on extinguishment of debt					276,410	[4]
Change in fair value of derivative liabilities	[4]		(677,571)		(617,485)
Loss on settlement of warrants	[4]		38,765		38,765
Total other income (expense)			(739,613)		(404,416)
Loss before income taxes			(747,032)		(433,316)
Provision for income taxes
Net loss			$ (747,032)		$ (433,316)	[1],[2],[3],[4],[5]
Net loss per common share:
Basic	[6]		$ (0.09)		$ (0.06)
Weighted average number of common shares outstanding:
Basic
As Restated [Member]
Revenues
Cryptocurrency mining			$ 59,498		$ 59,498
Sales of cryptocurrencymining equipment			45,590		45,590
Total revenues			105,088		105,088
Cost of revenues			50,256		50,256
Gross margin			54,832		54,832
Operating expenses:
General and administrative			498,228		659,586
Total operating expenses			498,228		659,586
Loss from operations			(443,396)		(604,754)
Other income (expense):
Interest and other income			1,304		1,402
Interest expense			(56,827)		(143,707)
Realized gain on sale of investments			7,193		288,416
Unrealized loss on investments			(64,987)		(3,876)
Gain (loss) on extinguishment of debt			3,259		7,934
Change in fair value of derivative liabilities			(404,539)		(416,288)
Loss on settlement of warrants			(25,000)		(25,000)
Total other income (expense)			(539,597)		(291,119)
Loss before income taxes			(982,993)		(895,873)
Provision for income taxes
Net loss			$ (982,993)		$ (895,873)
Net loss per common share:
Basic			$ (0.12)		$ (0.12)
Weighted average number of common shares outstanding:
Basic			8,252,873		7,711,319
[1]	(c) Reduced useful life for depreciation from 5 years to 3 years.
[2]	(e) Total general and administrative expenses decreased as a result of corrections to certain operating expenses.
[3]	(b) Accrued officer compensation was reclassified from accrued expenses to due to related party and subsequently reduced. Accrued interest payable was increased.
[4]	(d) The Company engaged an outside consultant to revise derivative liabilities associated with convertible notes payable and to add derivative liabilities associated with warrants. The calculations were made for each issuance of new debt and warrants and for each conversion, exchange or exercise of debt and warrants. As a result, total derivative liabilities increased, and modifications were made to the calculation of debt discount, interest expense for the amortization of debt discount, and change in fair value of derivative liabilities. In addition, convertible notes payable, net of discounts, increased, interest expense increased, and change in fair value of derivative liabilities decreased. Additionally, no loss on extinguishment of debt for note conversions was recorded, resulting in a decrease in the loss and an increase in additional paid-in capital.
[5]	(f) Adjusted realized gain on sale of investments, including recording gain on sale of related party investment to capital.
[6]	(g) As a result of the adjustments discussed above, net loss and net loss per share increased.

RESTATEMENT (Details 2)

RESTATEMENT (Details 2) - USD ($)		3 Months Ended		6 Months Ended
		Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net loss		$ 528,776	$ (982,993)	$ (1,171,446)	$ (895,873)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense				246,996	8,702
Stock-based compensation - related party				80,159
Amortization of debt discount				38,782	108,121
Amortization of original issue discount					1,347
Change in fair value of derivative liabilities				(1,965,515)	416,288
(Gain) loss on extinguishment of debt			(3,259)		(7,934)
Financing fees related to notes payable					32,358
Realized gain on sale of investments		25,266	(7,193)	32,504	(288,416)
Unrealized loss on investments			(64,987)		(3,876)
Changes in assets and liabilities:
Digital currencies				(179,316)	(71,543)
Prepaid expenses and other current assets				6,000	5,000
Inventories					(17,730)
Accrued interest receivable – related party					(98)
Accounts payable				2,514	(827)
Accrued expenses				(5,088)	6,411
Due to related party				43,800	(7,060)
Net cash used in operating activities				(355,680)	(273,378)
Cash flows from investing activities:
Net proceeds from the sale of investments				159,739	579,460
Increase in notes receivable – related party					(49,880)
Purchase of property and equipment				(42,447)	(310,832)
Net cash provided by investing activities				117,292	218,748
Cash flows from financing activities:
Proceeds from sale of preferred stock					125,000
Proceeds from stock subscriptions payable				25,000	35,000
Net cash provided by financing activities				248,945	160,000
Net increase in cash				10,557	105,370
Cash, beginning of period				749
Cash, end of period		$ 51,627		51,627
Supplemental disclosure of cash flow information:
Cash paid for interest				29,257
Non-cash investing and financing activities:
Common shares issued for convertible notes payable					149,049
Common shares issued for cashless exercise of warrants				560	188
Debt discount for derivative liability				81,543	72,617
Settlement of derivative liabilities					405,970
As Originally Reported [Member]
Cash flows from operating activities:
Net loss			(235,961)		(462,557)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense					5,264
Stock-based compensation - related party					409,000
Amortization of debt discount					79,631
Amortization of original issue discount					1,347
Change in fair value of derivative liabilities					(201,197)
(Gain) loss on extinguishment of debt			(3,259)		268,476
Financing fees related to notes payable					32,358
Realized gain on sale of investments			(85,911)		(367,134)
Unrealized loss on investments			64,987		3,876
Loss on settlement of warrants					63,765
Changes in assets and liabilities:
Digital currencies					(61,892)
Prepaid expenses and other current assets					5,000
Inventories					(17,730)
Accrued interest receivable – related party					(98)
Accounts payable					(827)
Accrued expenses					(1,786)
Due to related party					(19,223)
Net cash used in operating activities					(263,727)
Cash flows from investing activities:
Net proceeds from the sale of investments					579,460
Purchase of investments					(9,651)
Increase in notes receivable – related party					(49,880)
Purchase of property and equipment					(310,832)
Net cash provided by investing activities					209,097
Cash flows from financing activities:
Proceeds from sale of preferred stock					125,000
Proceeds from stock subscriptions payable					35,000
Net cash provided by financing activities					160,000
Net increase in cash					105,370
Cash, beginning of period					15,691
Cash, end of period			121,061		121,061
Supplemental disclosure of cash flow information:
Cash paid for interest
Cash paid for income taxes
Non-cash investing and financing activities:
Common shares issued for convertible notes payable					379,021
Common shares issued for due to related party					15,625
Common shares issued for cashless exercise of warrants					188
Debt discount for derivative liability					47,617
Accrued interest added to convertible notes payable					1,117
Settlement of derivative liabilities
Marketable securities for conversion of notes receivable					66,850
Marketable securities exchanged for note payable					(37,074)
Marketable securities exchanged for accrued expenses					(1,370)
Marketable securities exchanged for derivative liabilities					(78,718)
Marketable securities exchanged for accounts receivable					(15,000)
Note payable issued in settlement of warrants					25,000
Derivative liabilities extinguished in settlement of warrants					67,064
Adjustments [Member]
Cash flows from operating activities:
Net loss			(747,032)		(433,316)	[1],[2],[3],[4],[5]
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense	[2]				3,438
Stock-based compensation - related party
Amortization of debt discount	[3]				28,490
Amortization of original issue discount
Change in fair value of derivative liabilities	[3]				617,485
(Gain) loss on extinguishment of debt					(276,410)	[3]
Financing fees related to notes payable
Realized gain on sale of investments	[5]		78,718		78,718
Unrealized loss on investments
Loss on settlement of warrants	[5]				(38,765)
Changes in assets and liabilities:
Digital currencies	[1]				(9,651)
Prepaid expenses and other current assets
Inventories
Accrued interest receivable – related party
Accounts payable
Accrued expenses	[1]				8,197
Due to related party	[1]				12,163
Net cash used in operating activities					(9,651)
Cash flows from investing activities:
Net proceeds from the sale of investments
Purchase of investments					9,651
Increase in notes receivable – related party
Purchase of property and equipment
Net cash provided by investing activities					9,651
Cash flows from financing activities:
Proceeds from sale of preferred stock
Proceeds from stock subscriptions payable
Net cash provided by financing activities
Net increase in cash
Cash, beginning of period
Cash, end of period
Supplemental disclosure of cash flow information:
Cash paid for interest
Cash paid for income taxes
Non-cash investing and financing activities:
Common shares issued for convertible notes payable	[3]				(229,972)
Common shares issued for due to related party
Common shares issued for cashless exercise of warrants
Debt discount for derivative liability	[3]				25,000
Accrued interest added to convertible notes payable
Settlement of derivative liabilities	[3]				405,970
Marketable securities for conversion of notes receivable
Marketable securities exchanged for note payable	[3]				37,074
Marketable securities exchanged for accrued expenses	[3]				1,370
Marketable securities exchanged for derivative liabilities	[3]				78,718
Marketable securities exchanged for accounts receivable	[3]				15,000
Note payable issued in settlement of warrants	[3]				(25,000)
Derivative liabilities extinguished in settlement of warrants	[3]				(67,064)
As Restated [Member]
Cash flows from operating activities:
Net loss			(982,993)		(895,873)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense					8,702
Stock-based compensation - related party					409,000
Amortization of debt discount					108,121
Amortization of original issue discount					1,347
Change in fair value of derivative liabilities					416,288
(Gain) loss on extinguishment of debt			(3,259)		(7,934)
Financing fees related to notes payable					32,358
Realized gain on sale of investments			(7,193)		(288,416)
Unrealized loss on investments			64,987		3,876
Loss on settlement of warrants					25,000
Changes in assets and liabilities:
Digital currencies					(71,543)
Prepaid expenses and other current assets					5,000
Inventories					(17,730)
Accrued interest receivable – related party					(98)
Accounts payable					(827)
Accrued expenses					6,411
Due to related party					(7,060)
Net cash used in operating activities					(273,378)
Cash flows from investing activities:
Net proceeds from the sale of investments					579,460
Purchase of investments
Increase in notes receivable – related party					(49,880)
Purchase of property and equipment					(310,832)
Net cash provided by investing activities					218,748
Cash flows from financing activities:
Proceeds from sale of preferred stock					125,000
Proceeds from stock subscriptions payable					35,000
Net cash provided by financing activities					160,000
Net increase in cash					105,370
Cash, beginning of period					15,691
Cash, end of period			$ 121,061		121,061
Supplemental disclosure of cash flow information:
Cash paid for interest
Cash paid for income taxes
Non-cash investing and financing activities:
Common shares issued for convertible notes payable					149,049
Common shares issued for due to related party					15,625
Common shares issued for cashless exercise of warrants					188
Debt discount for derivative liability					72,617
Accrued interest added to convertible notes payable					1,117
Settlement of derivative liabilities					405,970
Marketable securities for conversion of notes receivable					66,850
Marketable securities exchanged for note payable
Marketable securities exchanged for accrued expenses
Marketable securities exchanged for derivative liabilities
Marketable securities exchanged for accounts receivable
Note payable issued in settlement of warrants
Derivative liabilities extinguished in settlement of warrants
[1]	(b) Accrued officer compensation was reclassified from accrued expenses to due to related party and subsequently reduced. Accrued interest payable was increased.
[2]	(c) Reduced useful life for depreciation from 5 years to 3 years.
[3]	(d) The Company engaged an outside consultant to revise derivative liabilities associated with convertible notes payable and to add derivative liabilities associated with warrants. The calculations were made for each issuance of new debt and warrants and for each conversion, exchange or exercise of debt and warrants. As a result, total derivative liabilities increased, and modifications were made to the calculation of debt discount, interest expense for the amortization of debt discount, and change in fair value of derivative liabilities. In addition, convertible notes payable, net of discounts, increased, interest expense increased, and change in fair value of derivative liabilities decreased. Additionally, no loss on extinguishment of debt for note conversions was recorded, resulting in a decrease in the loss and an increase in additional paid-in capital.
[4]	(e) Total general and administrative expenses decreased as a result of corrections to certain operating expenses.
[5]	(f) Adjusted realized gain on sale of investments, including recording gain on sale of related party investment to capital.

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)	Jan. 25, 2019	Jan. 24, 2019	Jan. 09, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 21, 2015
Common stock, shares increase				9,874,103	8,964,103
Common stock value				$ 9,875	$ 8,965
Stock subscriptions payable				$ 60,000	$ 35,000
Series B Preferred Stock [Member]
Preferred stock, shares authorized				500,000	500,000	500,000
Subsequent Event [Member] | Series B Preferred Stock [Member]
Shares issued			3,500
Stock subscriptions payable			$ 35,000
Subsequent Event [Member] | Series B Preferred Stock [Member] | Steve Rubakh [Member]
Shares issued		5,000
Common stock value		$ 80,000
Subsequent Event [Member] | Board of Directors [Member]
Common stock, shares increase	250,000,000
Preferred stock, shares authorized	20,000,000