{"id":380879,"date":"2020-11-13T09:03:35","date_gmt":"2020-11-13T14:03:35","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=380879"},"modified":"2020-11-13T09:03:35","modified_gmt":"2020-11-13T14:03:35","slug":"integrated-ventures-reports-total-revenues-of-220752-for-q1-2021-vs-107564-for-q1-2020","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/integrated-ventures-reports-total-revenues-of-220752-for-q1-2021-vs-107564-for-q1-2020\/","title":{"rendered":"Integrated Ventures Reports Total Revenues of $220,752 for Q1\/2021 Vs $107,564 for Q1\/2020"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">PHILADELPHIA<\/span>, <span class=\"xn-chron\">Nov. 13, 2020<\/span> \/PRNewswire\/ &#8212; Integrated Ventures Inc. (OTCQB:\u00a0INTV), (&#8220;Company&#8221;) is pleased to confirm the filing of Q1\/2021, after the today&#8217;s market close, for financial period, ended <span class=\"xn-chron\">September 31, 2020<\/span>. <\/p>\n<p>\n        <b>Key Q1 Financial Highlights: <\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>\n          <b>Total Revenues<\/b>\u00a0&#8212;&#8212;- The Company generated total revenues of <span class=\"xn-money\">$220,754.00<\/span> (Q12021) vs <span class=\"xn-money\">$107,564.00<\/span> (Q1\/2020). Revenues consisted of (1) mining revenues of <span class=\"xn-money\">$67,337.00<\/span> (*), (2) sales of mining equipment of <span class=\"xn-money\">$14,890.00<\/span> (**) and gain on sales of digital currencies of <span class=\"xn-money\">$138,527.00<\/span> (***). <\/li>\n<li>\n          <b>Current Liabilities <\/b>&#8212;&#8212;&#8212; The Company reported total current liabilities of <span class=\"xn-money\">$668,217.00<\/span>, with only <span class=\"xn-money\">$100,356.00<\/span> that will require cash payment. <\/li>\n<li>\n          <b>Net Loss <\/b>&#8212;&#8212;&#8212; The Company reported net loss of <span class=\"xn-money\">$387,778.00<\/span>, mainly due to reporting expenses of (1) <span class=\"xn-money\">$207,282.00<\/span>, due to disposition of retired mining equipment and (2) interest expense, on convertible debt funding, of <span class=\"xn-money\">$100,872.00<\/span>. <\/li>\n<li>\n          <b>Loss Per Share<\/b>\u00a0&#8212;&#8212;&#8212; The Company reported <span class=\"xn-money\">$0.00<\/span> net loss per common share <\/li>\n<li>\n          <b>Operating Expenses<\/b>\u00a0&#8212;&#8212;&#8212; The Company reported that its total operating and administrative expenses were <span class=\"xn-money\">$99,717.00<\/span>. <\/li>\n<li>\n          <b>Total Cash <\/b>&#8212;&#8212;&#8212; The Company reported that the ending cash balance was <span class=\"xn-money\">$102,435.00<\/span>. <\/li>\n<li>\n          <b>Total Assets <\/b>&#8212;&#8212;&#8212; The Company reported that the total assets were <span class=\"xn-money\">$562,325.00<\/span>.<\/li>\n<\/ul>\n<p>(*) (**) See page 5 (noted in Condensed Statements of Operations Table).<\/p>\n<p>(***) See page 25 (noted in paragraph 2, under Other Income Table ).<\/p>\n<p>\n        <b>The Company is pleased to provide the following comments: <\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>Mining revenues reported were lower due to (1) BTC halving event, which reduced mining rewards by around 50% and (2) less mining rigs connected due to the retirement of all Antminer S9 and Antminer L3 miners. <\/li>\n<li>The Company was able to off set lower mining revenues, with the gain on sales of digital currencies. <\/li>\n<li>Integrated Ventures had executed three (3) Letters of Intent, during Q4\/2020 and Q1\/2021. As of 11\/15\/2020, the Company does not have any active discussions, in terms of entering into any definitive agreements.<\/li>\n<\/ul>\n<p>\n        <b>About: <\/b>Integrated Ventures,Inc.is Technology Portfolio Holdings Company with focus on Blockchain Technology and Cryptocurrency Mining. <\/p>\n<p>For more details, please visit the Company&#8217;s website: <u><a target=\"_blank\" href=\"http:\/\/www.integratedventuresinc.com\/\" rel=\"nofollow noopener noreferrer\">www.integratedventuresinc.com<\/a><\/u>. <\/p>\n<p>\n        <b>Safe Harbor Statement: <\/b>The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words &#8220;may,&#8221; &#8220;will,&#8221; &#8220;should,&#8221; &#8220;plans,&#8221; &#8220;explores,&#8221; &#8220;expects,&#8221; &#8220;anticipates,&#8221; &#8220;continue,&#8221; &#8220;estimate,&#8221; &#8220;project,&#8221; &#8220;intend,&#8221; and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, and various other factors beyond the company&#8217;s control.<\/p>\n<p>Contact: <\/p>\n<p>\n        <span class=\"xn-person\">Steve Rubakh<\/span>, +1 (215) 613-1111, <a target=\"_blank\" href=\"mailto:sr@emsfindapp.com\" rel=\"nofollow noopener noreferrer\">sr@emsfindapp.com<\/a><\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=LN91242&amp;sd=2020-11-13\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/integrated-ventures-reports-total-revenues-of-220-752-for-q12021-vs-107-564-for-q12020--301172785.html\">http:\/\/www.prnewswire.com\/news-releases\/integrated-ventures-reports-total-revenues-of-220-752-for-q12021-vs-107-564-for-q12020&#8211;301172785.html<\/a><\/p>\n<p>SOURCE  Integrated Ventures Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=LN91242&amp;Transmission_Id=202011130900PR_NEWS_USPR_____LN91242&amp;DateId=20201113\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire PHILADELPHIA, Nov. 13, 2020 \/PRNewswire\/ &#8212; Integrated Ventures Inc. (OTCQB:\u00a0INTV), (&#8220;Company&#8221;) is pleased to confirm the filing of Q1\/2021, after the today&#8217;s market close, for financial period, ended September 31, 2020. Key Q1 Financial Highlights: Total Revenues\u00a0&#8212;&#8212;- The Company generated total revenues of $220,754.00 (Q12021) vs $107,564.00 (Q1\/2020). Revenues consisted of (1) mining revenues of $67,337.00 (*), (2) sales of mining equipment of $14,890.00 (**) and gain on sales of digital currencies of $138,527.00 (***). Current Liabilities &#8212;&#8212;&#8212; The Company reported total current liabilities of $668,217.00, with only $100,356.00 that will require cash payment. Net Loss &#8212;&#8212;&#8212; The Company reported net loss of $387,778.00, mainly due to reporting expenses of (1) $207,282.00, due to disposition of retired mining &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/integrated-ventures-reports-total-revenues-of-220752-for-q1-2021-vs-107564-for-q1-2020\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Integrated Ventures Reports Total Revenues of $220,752 for Q1\/2021 Vs $107,564 for Q1\/2020&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-380879","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Integrated Ventures Reports Total Revenues of $220,752 for Q1\/2021 Vs $107,564 for Q1\/2020 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/integrated-ventures-reports-total-revenues-of-220752-for-q1-2021-vs-107564-for-q1-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Integrated Ventures Reports Total Revenues of $220,752 for Q1\/2021 Vs $107,564 for Q1\/2020 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire PHILADELPHIA, Nov. 13, 2020 \/PRNewswire\/ &#8212; Integrated Ventures Inc. (OTCQB:\u00a0INTV), (&#8220;Company&#8221;) is pleased to confirm the filing of Q1\/2021, after the today&#8217;s market close, for financial period, ended September 31, 2020. Key Q1 Financial Highlights: Total Revenues\u00a0&#8212;&#8212;- The Company generated total revenues of $220,754.00 (Q12021) vs $107,564.00 (Q1\/2020). Revenues consisted of (1) mining revenues of $67,337.00 (*), (2) sales of mining equipment of $14,890.00 (**) and gain on sales of digital currencies of $138,527.00 (***). Current Liabilities &#8212;&#8212;&#8212; The Company reported total current liabilities of $668,217.00, with only $100,356.00 that will require cash payment. Net Loss &#8212;&#8212;&#8212; The Company reported net loss of $387,778.00, mainly due to reporting expenses of (1) $207,282.00, due to disposition of retired mining &hellip; Continue reading &quot;Integrated Ventures Reports Total Revenues of $220,752 for Q1\/2021 Vs $107,564 for Q1\/2020&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/integrated-ventures-reports-total-revenues-of-220752-for-q1-2021-vs-107564-for-q1-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-13T14:03:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=LN91242&amp;sd=2020-11-13\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/integrated-ventures-reports-total-revenues-of-220752-for-q1-2021-vs-107564-for-q1-2020\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/integrated-ventures-reports-total-revenues-of-220752-for-q1-2021-vs-107564-for-q1-2020\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Integrated Ventures Reports Total Revenues of $220,752 for Q1\\\/2021 Vs $107,564 for Q1\\\/2020\",\"datePublished\":\"2020-11-13T14:03:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/integrated-ventures-reports-total-revenues-of-220752-for-q1-2021-vs-107564-for-q1-2020\\\/\"},\"wordCount\":441,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/integrated-ventures-reports-total-revenues-of-220752-for-q1-2021-vs-107564-for-q1-2020\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=LN91242&amp;sd=2020-11-13\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/integrated-ventures-reports-total-revenues-of-220752-for-q1-2021-vs-107564-for-q1-2020\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/integrated-ventures-reports-total-revenues-of-220752-for-q1-2021-vs-107564-for-q1-2020\\\/\",\"name\":\"Integrated Ventures Reports Total Revenues of $220,752 for Q1\\\/2021 Vs $107,564 for Q1\\\/2020 - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/integrated-ventures-reports-total-revenues-of-220752-for-q1-2021-vs-107564-for-q1-2020\/","og_locale":"en_US","og_type":"article","og_title":"Integrated Ventures Reports Total Revenues of $220,752 for Q1\/2021 Vs $107,564 for Q1\/2020 - Market Newsdesk","og_description":"PR Newswire PHILADELPHIA, Nov. 13, 2020 \/PRNewswire\/ &#8212; Integrated Ventures Inc. (OTCQB:\u00a0INTV), (&#8220;Company&#8221;) is pleased to confirm the filing of Q1\/2021, after the today&#8217;s market close, for financial period, ended September 31, 2020. Key Q1 Financial Highlights: Total Revenues\u00a0&#8212;&#8212;- The Company generated total revenues of $220,754.00 (Q12021) vs $107,564.00 (Q1\/2020). Revenues consisted of (1) mining revenues of $67,337.00 (*), (2) sales of mining equipment of $14,890.00 (**) and gain on sales of digital currencies of $138,527.00 (***). Current Liabilities &#8212;&#8212;&#8212; The Company reported total current liabilities of $668,217.00, with only $100,356.00 that will require cash payment. Net Loss &#8212;&#8212;&#8212; The Company reported net loss of $387,778.00, mainly due to reporting expenses of (1) $207,282.00, due to disposition of retired mining &hellip; Continue reading \"Integrated Ventures Reports Total Revenues of $220,752 for Q1\/2021 Vs $107,564 for Q1\/2020\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/integrated-ventures-reports-total-revenues-of-220752-for-q1-2021-vs-107564-for-q1-2020\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-13T14:03:35+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=LN91242&amp;sd=2020-11-13","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/integrated-ventures-reports-total-revenues-of-220752-for-q1-2021-vs-107564-for-q1-2020\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/integrated-ventures-reports-total-revenues-of-220752-for-q1-2021-vs-107564-for-q1-2020\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Integrated Ventures Reports Total Revenues of $220,752 for Q1\/2021 Vs $107,564 for Q1\/2020","datePublished":"2020-11-13T14:03:35+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/integrated-ventures-reports-total-revenues-of-220752-for-q1-2021-vs-107564-for-q1-2020\/"},"wordCount":441,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/integrated-ventures-reports-total-revenues-of-220752-for-q1-2021-vs-107564-for-q1-2020\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=LN91242&amp;sd=2020-11-13","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/integrated-ventures-reports-total-revenues-of-220752-for-q1-2021-vs-107564-for-q1-2020\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/integrated-ventures-reports-total-revenues-of-220752-for-q1-2021-vs-107564-for-q1-2020\/","name":"Integrated Ventures Reports Total Revenues of $220,752 for Q1\/2021 Vs $107,564 for Q1\/2020 - 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