Company: BTBT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110383
Chunk: 64

Company: Bit Digital, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 64
---
    Deferred contract costs 
     245,510  
     982,039 
  
    Contract assets 
     336,384  
     - 
  
    Others 
     516,450  
     1,494,285 
  
    Less: Current expected
    credit losses 
     (41,339) 
     - 
  
    Total 
    $6,151,971  
    $9,579,884 

    (a) As of September 30, 2025 and December 31, 2024, the balance of deposits primarily consisted of the deposits made to a utility company related to our colocation services and to our service providers who paid utility charges in mining facilities on behalf of the Company. The deposits are refundable upon expiration of the agreement. 

12. SHARE-BASED
COMPENSATION

Share-based
compensation such as restricted stock units (“RSUs”), incentive and non-statutory stock options, restricted shares, share
appreciation rights and share payments may be granted to any directors, employees and consultants of the Company or affiliated companies
under the 2021 Omnibus Equity Incentive Plan (“2021 Plan”), 2021 Second Omnibus Equity Incentive Plan (“2021 Second
Plan”), 2023 Omnibus Equity Incentive Plan (“2023 Plan”), and 2025 Omnibus Equity Incentive Plan (“2025 Plan”).
An aggregate of 2,415,293 RSUs were granted under the 2021 Plan and no ordinary shares remain reserved for issuance under the 2021 Plan.
There are 5,000,000 ordinary shares reserved for issuance under the Company’s 2021 Second Plan, under which 4,211,372 RSUs and
395,000 share options have been granted as of September 30, 2025. There are 5,000,000 ordinary shares reserved for issuance under the
Company’s 2023 Plan, under which 4,993,201 RSUs have been granted as of September 30, 2025. There are 8,000,000 ordinary shares
reserved for issuance under the Company’s 2025 Plan, under which 5,987,455 RSUs have been granted as of September 30, 2025.

On
February 6, 2025, the Board of Directors of WhiteFiber adopted the 2025 Omnibus Equity Incentive Plan (the “