With all due respect, this is not the complete financial report. It shows only the expenses ($1,740,518). We all know this is just a half of the data. What is missing is an income specification (ICO sell and mining) and the final balance sheet - the amount of money that is available after these expenses (probably part in fiat and part in crypto).

However, we can estimate some numbers, until IRM provides the official data. Since about $10 mio were collected in the ICO, after reported $2 mio of expenses we can calculate there is still about $8 mio available. (This is just a guess, I am not affiliated with IRM, so we must wait for the complete financial report).

However, it looks like there is plenty of money left for buying more miners and expanding the business in future! Great!