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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows From Operating Activities    
Net (loss) income $ (9,082,379) $ 68,025,838
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Income from discontinued operations, net of tax provision (79,330,696)
Stock-based compensation 793,229 1,081,362
Gain on forgiveness of PPP loans and interest (912,475)
Digital currency received as revenue (249,888)
Impairment of digital assets 164,411
Expenses paid using digital assets 69,533
Change in fair value of warrant liabilities 7,400 1,100
Amortization of debt discount 3,646
Non-cash interest expense 46,110
Depreciation and amortization 1,288,106 2,495,939
Deferred rent (199,519) 268,574
Changes in operating assets and liabilities:    
Accounts receivable 266,889 (36,021)
Prepaid expenses and other current assets (243,058) (108,257)
Accounts payable 404,715 (556,041)
Accrued expenses and other current liabilities (2,041,043) 326,862
Accrued interest (146,894)
Due to affiliates 697,551
Deferred revenue 269,685 297,086
Total Adjustments 530,460 (75,872,154)
Net Cash Used In Operating Activities (8,551,919) (7,846,316)
Cash Flows From Investing Activities    
Cash consideration for sale of WPT 106,155,004
Investment in digital assets (41,026)
Purchases of property and equipment (6,697) (141,923)
Net Cash (Used In) Provided By Investing Activities (47,723) 106,013,081
Cash Flows From Financing Activities    
Repayments of bridge loans (3,421,096)
Net Cash Used Financing Activities (3,421,096)
Cash Flows From Discontinued Operations    
Operating activities 63,956
Investing activities (17,259)
Change in cash balance of discontinued operations 3,633,292
Cash sold in connection with sale of WPT (3,679,989)
Net Cash Provided By Discontinued Operations
Effect of Exchange Rate Changes on Cash (62,388) 51,893
Net (Decrease) Increase In Cash And Restricted Cash (8,662,030) 94,797,562
Cash and restricted cash - Beginning of period 97,887,030 5,424,223
Cash and restricted cash - End of period 89,225,000 100,221,785
Cash and restricted cash consisted of the following:    
Cash 84,225,000 95,221,785
Restricted cash 5,000,000 5,000,000
Total 89,225,000 100,221,785
Supplemental Disclosures of Cash Flow Information    
Cash paid during the period for interest 350,471
Non-Cash Investing and Financing Activities:    
Shares issued for redemption of debt and accrued interest 821,867
Forgiveness of amounts due to affiliate $ 9,370,261