Company: BTBT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044155
Chunk: 89

Company: Bit Digital, Inc
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 89
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 liability 
     5,030,826  
     4,529,291  
     501,535 
  
    Income tax payable 
     1,910,726  
     1,595,308  
     315,418 
  
    Dividend payable 
     -  
     800,000  
     (800,000)
  
    Other payables and accrued liabilities 
     18,322,256  
     13,985,375  
     4,336,881 
  
    Total Current Liabilities 
     48,251,037  
     55,026,604  
     (6,775,567)

    Non-Current Liabilities 

    Other long-term liabilities 
     589,029  
     785,372  
     (196,343)
  
    Non-current portion of deferred revenue 
     72,963  
     73,494  
     (531)
  
    Non-current portion of operating lease liability 
     8,984,489  
     9,276,926  
     (292,437)
  
    Long-term income tax payable 
     3,196,204  
     3,196,204  
     - 
  
    Deferred tax liability 
     6,736,959  
     6,409,915  
     327,044 
  
    Total Non-Current Liabilities 
     19,579,644  
     19,741,911  
     (162,267)

    Total Liabilities 
    $67,830,681  
    $74,768,515  
    $(6,937,834)

47

Cash and cash equivalents

Cash and cash equivalents primarily consist of
funds deposited with banks, which are highly liquid and are unrestricted to withdrawal or use. The total balance of cash and cash equivalents
were $57.6 million and $95.2 million as of March 31, 2025 and December 31, 2024, respectively. The decrease in the balance of cash and
cash equivalents was a result of net cash of $65.0 million used in investing activities, partially offset by net cash of $17.4 million
provided by operating activities, and net cash of $9.4 million provided by financing activities.

Accounts receivable, net