XML 17 R6.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 5,003,116 $ (4,042,771)
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities    
Depreciation and amortization 1,383 11,143
Right to use asset expense 100,698 99,593
Stock compensation 219,667 125,450
Stock option expense 2,323,118 14,939
Stock compensation - employees 292,500  
Accrued investment income (74,520)  
Recovery of reserve from related party receivable   (300,000)
Reserve for units   30,000
Debt forgiveness (157,250)  
Gain on deconsolidation of affiliate (43,623)  
Impairment loss on digital assets 19,945  
Unrealized loss on convertible debt security 407,992  
Unrealized loss on marketable securities 1,387,590  
Unrealized gain on investment and equity securities (886,543)  
Realized gain on securities (13,817,863)  
Realized gain on sale of digital assets (502,657)  
Proceeds from securities 30,400,433  
Investment in convertible note receivable converted into marketable security (16,582,571)  
Investment in convertible note receivable (5,000,000)  
Convertible debt and interest converted into marketable securities 4,231,758  
Investments in marketable security (3,651,400)  
Gain on sale of fixed assets   (16,428)
Change in operating assets and liabilities:    
Prepaid expenses and other assets (845,853) (61,303)
Advances (repayments) to related party 89,235 583,444
Accounts payable and accrued expenses 349,644 126,950
Lease liability payments (103,646) (94,235)
Deferred taxes and taxes payable 326,178  
Net cash provided by (used in) operating activities 3,487,331 (3,523,218)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid to purchase fixed assets (14,411) (1,286)
Net cash payment for IIU disposal   (246,914)
Investment in note receivable (2,000,000)  
Investment in digital assets (1,419,958)  
Proceeds from sale of digital assets 1,902,670  
Loan to purchase securities 1,784,250  
Repayment of loan to purchase securities (1,784,250)  
Deposit for mining equipment (16,775,100)  
Investment in unconsolidated affiliate (5,738,000)  
Proceeds from investment in note receivable   1,500,000
(Payments)/proceeds for real estate assets owned (60,006) (5,423)
Net cash provided by (cash used) in investing activities (23,964,224) 1,450,586
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from borrowings   185,785
Loan principal and insurance financing repayments (220,363) (165,798)
Exercise of warrants 10,247,124 3,081,730
Proceeds from stock subscription 31,456,374 9,447,535
Investment in subsidiary   6,500
Net cash provided by financing activities 41,483,135 12,555,752
NET INCREASE IN CASH 21,006,242 10,483,120
CASH - BEGINNING OF YEAR 11,552,943 1,069,823
CASH - END OF YEAR 32,559,185 11,552,943
SUPPLEMENTAL DISCLOSURES OF CASHFLOW INFORMATION    
Cash paid for interest 1,892 7,189
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Insurance financing 210,260 192,514
Original Product [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net collections of finance receivables 102,024 127,694
Special Product [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net collections of finance receivables $ 38,557 $ 76,515