The fair value of the warrants were determined to be. Under the terms of the Purchase Agreement (the “Purchase Agreement”) the Company invested cash of $320,000 and issued 75,000 shares of restricted Common Stock in exchange for 2,708,333 shares of common stock of TESS. Royalties payable to WU under the WU License Agreement for covered product sales by the Company carry a mid-single digit royalty rate and for sublicense fees received by the Company carry a low double-digit royalty rate. To the extent that the bitcoin ecosystem, and the administrators of mining pools, do not act to ensure greater decentralization of bitcoin mining processing power, the feasibility of a malicious actor obtaining control of the processing power will increase, which may adversely affect an investment in the Company. During the nine months ended September 30, 2017, these 95,000 options were forfeited. .cmTJmC{-webkit-box-flex:1;-webkit-flex-grow:1;-ms-flex-positive:1;flex-grow:1;-webkit-flex-basis:0;-ms-flex-preferred-size:0;flex-basis:0;position:relative;width:100%;min-height:0px;max-width:100%;-webkit-flex:0 0 100%;-ms-flex:0 0 100%;flex:0 0 100%;max-width:100%;} @media (max-width:575px){} @media (min-width:576px){.cmTJmC{-webkit-flex:0 0 33.33333333333333%;-ms-flex:0 0 33.33333333333333%;flex:0 0 33.33333333333333%;max-width:33.33333333333333%;}} @media (max-width:767px){} @media (min-width:768px){} @media (max-width:1023px){} @media (min-width:1024px){} @media (max-width:1199px){} @media (min-width:1200px){} @media (max-width:767px){.cmTJmC:first-child{margin-bottom:24px;}} Riot Blockchain Inc. focuses on bitcoin mining, supporting the bitcoin blockchain by participating in Bitcoin’s consensus system through proof-of-work mining, racing to find the next block and building upon the chain. ESG ratings enable you to leverage independent ESG research to evaluate how companies are managing ESG risks and addressing ESG opportunities. Riot Blockchain, Inc.’s ISS Governance QualityScore as of N/A is N/A. The testing resulted in no patent impairment for the three and nine months ended September 30, 2017 and $32,000 and $200,000, for the three and nine months ended September 30, 2016, respectively. Unable to evaluate RIOT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts. Such events would have a material adverse effect on the ability of the Company to continue as a going concern or to pursue this segment at all, which would have a material adverse effect on the business, prospects or operations of the Company and potentially the value of any cryptocurrencies the Company holds or expects to acquire for its own account. For the nine months ended September 30, 2017, the Company recorded investment income of approximately $83,000, compared to investment income of $103,000 in the 2016 period, with the difference resulting from an average lower invested balances and lower rates on average investments with shorter maturities. Management's Discussion and Analysis of Financial Condition and Results of Operations. Explore potentially undervalued companies in the Software industry. Such a restatement could negatively impact the Company’s business, prospects, financial condition and results of operation. PE vs Market: RIOT is unprofitable, so we can't compare its PE Ratio to the US market. 10/14/2020, Reuters – On February 25, 2016, the Company completed the sale of its corporate headquarters, land, building and certain fixtures and equipment to a third party at a purchase price of $4,053,000. Click the portfolio icon to get information about stocks you own without leaving the research page. Each holder of shares of Series A Preferred Stock shall be entitled to receive dividends, which dividends shall be paid by the Company out of funds legally available therefor, payable, subject to the conditions and other terms hereof, in shares of common stock or cash on the stated value of such shares of Series A Preferred Stock at the dividend rate of two percent (2%) per annum, which shall be cumulative and shall continue to accrue and compound monthly whether or not declared. Temporary Reduction in Warrant Exercise Prices: On October 10, 2017, the Company’s Board of Directors approved a temporary reduction in the exercise price of warrants issued in the March 2017 private offerings to $3.00 per share. We are reviewing possible strategic alternatives relative to the business to maximize shareholder value. Of the total paid, $291,995 was charged to stockholders’ equity and $7,505 was charged to compensation expense. To the extent that such malicious actor or botnet did not yield its control of the processing power on the network or the cryptocurrency community did not reject the fraudulent blocks as malicious, reversing any changes made to the blockchain may not be possible. Effective January 14, 2017, we adopted a plan to exit the business of BDI and commenced a significant reduction in the workforce. From time to time, the Company's cash account balances exceed the balances as covered by the Federal Deposit Insurance System. Regarding the upcoming trading services, RiotX will be working with exchange software provider Shift Markets, having it terminated its contract with Canadian exchange Coinsquare during the SEC investigation in 2018. Such events would have a material adverse effect on the ability of the Company to continue as a going concern or to pursue this segment at all, which would have a material adverse effect on the business, prospects or operations of the Company and potentially the value of any cryptocurrencies the Company holds or expects to acquire for its own account and harm investors in the Company’s securities. No rights are outstanding that have been granted under compensatory arrangements. Such amounts are recorded at market values using Level 1 inputs in determining fair value and are generally classified as current, as the Company does not intend to hold the investments beyond twelve months. In determining whether to purchase the Company’s common stock, an investor should carefully consider all of the material risks described below, together with the other information contained in this report and the Company’s other public filings before making a decision to purchase the Company’s securities. /* sc-component-id: styled__TruncatorWrapper-sc-1vbb7ph-0 */ However, there can be no assurance that we will be able to obtain sufficient additional financing on terms acceptable to us, if at all. RIOT is forecast to remain unprofitable over the next 3 years. Under the Agreement, the shareholders of Kairos agreed to exchange all outstanding shares of Kairos’ common stock to the Company and the Company agreed to issue an aggregate of One Million Seven Hundred Fifty Thousand and One (1,750,001) newly-designated shares of Series B Convertible Preferred Stock (the “Series B Preferred Stock”) which are convertible into an aggregate of One Million Seven Hundred Fifty Thousand and One (1,750,001) shares of the Company’s common stock, no par value per share (the transaction, the “Kairos Transaction”) to such shareholders.

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