Segment Information

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Segment Information

Note 14. Segment Information

The Company applies ASC 280, Segment Reporting, in determining its reportable segments. The Company has two reportable segments: Specialty Finance and Mining Operations. The guidance requires that segment disclosures present the measure(s) used by the CODM to decide how to allocate resources and for purposes of assessing such segments’ performance. The Company’s CODM uses revenue, income from operations and income before taxes of our reporting segments to assess the performance of the business of our reportable operating segments.

No operating segments have been aggregated to form the reportable segments. The corporate oversight function, and other components that may earn revenues that are only incidental to the activities of the Company are aggregated and included in the “All Other” category.

The Specialty Finance segment generates revenue from providing funding to nonprofit community associations. The Mining Operations segment generates revenue from the Bitcoin the Company earns through its mining activities.

	Year Ended December 31, 2022
	Specialty Finance			Mining Operations			All Other			Total
Revenue, net	$	788,391		$	945,560		$	-		$	1,733,951
Depreciation and Amortization		3,348			471,049			3,623			478,020
Operating loss		(1,122,872	)		(1,014,327	)		(22,538,786	)		(24,675,985	)
Realized loss on securities		-			-			(349,920	)		(349,920	)
Realized gain on convertible debt securities		-			-			287,778			287,778
Realized gain on sale of digital assets		-			-			20,254			20,254
Unrealized gain on investment and equity securities		-			-			4,423,985			4,423,985
Unrealized loss on marketable securities		-			-			(56,830	)		(56,830	)
Impairment loss on digital assets		-			-			(467,406	)		(467,406	)
Impairment loss on prepaid deposits		-			(3,150,000	)		-			(3,150,000	)
Impairment loss on prepaid hosting deposits		-			(1,790,712	)		-			(1,790,712	)
Digital assets other income		-			-			5,658			5,658
Interest income		-			-			399,094			399,094
Dividend income		-			-			3,875			3,875
Loss on disposal of assets		-			-			(38,054	)		(38,054	)
Loss before income taxes		(1,122,872	)		(5,993,094	)		(19,329,255	)		(26,445,221	)
Fixed Asset Additions		1,612			27,683,559			5,304			27,690,475

	Year Ended December 31, 2021
	Specialty Finance			Mining Operations		All Other			Total
Revenue, net	$	898,941		$	-	$	-		$	898,941
Depreciation and Amortization		10,409			-		678			11,087
Operating loss		(787,812	)		-		(7,644,567	)		(8,432,379	)
Realized gain on securities		-			-		13,817,863			13,817,863
Realized gain on sale of digital assets		-			-		502,657			502,657
Unrealized gain on investment and equity securities		-			-		886,543			886,543
Unrealized loss on convertible debt security		-			-		(407,992	)		(407,992	)
Unrealized loss on marketable securities		-			-		(1,387,590	)		(1,387,590	)
Impairment loss on digital assets		-			-		(23,720	)		(23,720	)
Dividend income		-			-		2,113			2,113
Interest income		-			-		211,427			211,427
Interest expense		-			-		(653	)		(653	)
Forgiveness of Debt		-			-		157,250			157,250
Income (loss) before income taxes		(787,812	)		-		6,117,106			5,329,294
Fixed Asset Additions		5,664			-		8,747			14,411