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INVESTMENTS MEASURED AT FAIR VALUE (Tables)
 12 Months Ended
Dec. 31, 2021
Net Investment Income [Line Items]  
SCHEDULE OF FINANCIAL ASSETS MEASURED AT FAIR VALUE ON A RECURRING BASIS

Financial assets measured at fair value on a recurring basis are summarized below and disclosed on the consolidated balance sheets as of December 31, 2021 and 2020: 

  

       Fair Value Measurement Using     
   Amount at Cost   Level 1   Level 2   Level 3   Amount at Fair Value 
December 31, 2021                         
Assets                         
Investment Securities- Fair Value Option  $72,000,301   $25,320,694   $-   $-   $25,320,694 
Investment Securities- Trading   9,809,778    9,908,077    -    -    9,908,077 
Convertible Note Receivable   138,599    -    -    98,398    98,398 
Warrants - American Premium Water   696,791    -    -    1,009,854    1,009,854 
Warrants - AMRE   -    -    -    -    - 
Total Investment in Securities at Fair Value  $82,645,469   $35,228,771   $-   $1,108,252   $36,337,023 

 

 

       Fair Value Measurement Using     
   Amount at Cost   Level 1   Level 2   Level 3   Amount at Fair Value 
December 31, 2020                         
Assets                         
Investment securities- Fair Value Option  $7,404,911   $10,549,102   $-   $-   $10,549,102 
Investment securities- Trading   17,650    18,654    -    -    18,654 
Convertible Preferred Stock   42,889,000    -    -    37,675,000    37,675,000 
Convertible Note Receivable   50,000    -    -    66,978    66,978 
Warrants - American Premium Water   860,342    -    -    862,723    862,723 
Warrants - AMRE   -    -    -    -    - 
Stock Options - Vivacitas   -    -    -    -    - 
Total Investment in Securities at Fair Value  $51,221,903   $10,567,756   $-   $38,604,701   $49,172,457 
SCHEDULE OF FAIR VALUE OF EQUITY SECURITY INVESTMENT

 SCHEDULE OF FAIR VALUE OF EQUITY SECURITY INVESTMENT

   Share price         Market Value    
   12/31/2021     Shares   12/31/2021   Valuation
                
DSS (Related Party)  $0.672    19,888,262*  $13,364,912   Investment in Securities at Fair Value
                   
AMBS (Related Party)  $0.016    20,000,000   $328,000   Investment in Securities at Fair Value
                   
Holista (Related Party)  $0.034    43,626,621   $1,489,179   Investment in Securities at Fair Value
                   
American Premium Water (Related Party)  $0.002    354,039,000   $778,886   Investment in Securities at Fair Value
                   
True Partner  $0.119    62,122,908   $7,409,717   Investment in Securities at Fair Value
                   
Value Exchange  $0.300    6,500,000   $1,950,000   Investment in Securities at Fair Value
                   
Trading Stock            $9,908,077   Investment in Securities at Fair Value
                   
    Total Level 1 Equity Securities     $35,228,771    
Nervotech     N/A      1,666   $37,045   Investment in Securities at Cost
HWH World Co.     N/A      20,000   $42,562   Investment in Securities at Cost
K Beauty     N/A      3,600   $19,609   Investment in Securities at Cost
                   
         Total Equity Securities     $35,327,987    

 

   Share price       Market Value    
   12/31/2020     Shares   12/31/2020   Valuation
                
DSS (Related Party)  $6.240    1,162,501*  $7,254,006   Investment in Securities at Fair Value
                   
AMBS (Related Party)  $0.008    20,000,000   $160,000   Investment in Securities at Fair Value
                   
Holista (Related Party)  $0.055    46,226,673   $2,565,468   Investment in Securities at Fair Value
                   
American Premium Water (Related Party)  $0.002    122,039,000   $256,284   Investment in Securities at Fair Value
                   
Optimum Bank (Related Party)  $3.370    92,980   $313,343   Investment in Securities at Fair Value
                   
Trading Stock            $18,654   Investment in Securities at Fair Value
    Total Level 1 Equity Securities     $10,567,755    
Vivacitas (Related Party)     N/A     2,480,000   $200,128   Investment in Securities at Cost
Nervotech     N/A     1,666   $37,826   Investment in Securities at Cost
HWH World Co.     N/A     20,000   $42,562   Investment in Securities at Cost
         Total Equity Securities     $10,848,271    

 

*Ratio of 1-for-30 (the “Reverse Split”) was effective at 5:01 p.m. Eastern Time on May 7, 2020 (the “Effective Time”).
SCHEDULE OF FAIR VALUE OF FINANCIAL INVESTMENTS

The following table presents summarized financial information for our investments that we elected the fair value option that would otherwise be accounted for under the equity method of accounting.

 

   Summarized Financial Information 
   Assets   Liabilities   Net Income (Loss) 
December 31, 2021               
APW (Unaudited)*  $395,258   $3,990,098   $(1,089,440)
Holista**  $5,012,451   $2,275,422   $(989,391)
DSS*  $219,076,000   $19,784,000   $(25,777,333)
December 31, 2020               
APW (Unaudited)  $456,612   $3,872,860   $(861,031)
Holista  $6,208,762   $2,628,463   $3,926,026 
DSS  $91,919,000   $15,374,000   $1,418,000 

 

* Data derived from Financial Statement as of September 30, 2021 which was the latest available date source we could reach. 12-month Net Loss was estimated by adding one-third of 9-month Net Loss.
   
** Data derived from Financial Statement as of June 30, 2021 which was the latest available date source we could reach. 12-month Net Loss was estimated by doubling 6-month Net Loss.
DSS Convertible Preferred Stock [Member]  
Net Investment Income [Line Items]  
SCHEDULE OF SIGNIFICANT INPUTS AND ASSUMPTIONS

 

  

As of

December 31, 2020

  

As of

August 21, 2020

 
         
Stock price   6.24    6.95 
Risk-free rate   0.93%   0.63%
Volatility   113.69%   111.99%
Expected Exit Date   December 31, 2023    August 21,2023 
Dividend Yield   0.00    0.00 
Sharing Services Convertible Note [Member]  
Net Investment Income [Line Items]  
SCHEDULE OF SIGNIFICANT INPUTS AND ASSUMPTIONS

The fair value of the Sharing Services Convertible Note under level 3 category as of December 31, 2021 and 2020 was calculated using a Black-Scholes valuation model valued with the following weighted average assumptions:

 

  

December 31,

2021

  

December 31,

2020

 
         
Dividend yield   0.00%   0.00%
Expected volatility   138.85%   210.07%
Risk free interest rate   3.25%   0.13%
Contractual term (in years)   0.76    1.76 
Exercise price  $0.15   $0.15 
SCHEDULE OF CHANGE IN FAIR VALUE

The table below provides a summary of the changes in fair value which are recorded as other comprehensive income (loss), including net transfers in and/or out of all financial assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the years ended December 31, 2021 and 2020:

 

 

   Total 
Balance at January 1, 2020  $26,209 
Acquisition of APW Warrants   862,723 
Net gain   40,769 
Acquisition of DSS Preferred Stock   37,675,000 
Balance at December 31, 2020  $38,604,701 
Net loss   (57,179)
Conversion of DSS Preferred Stock   (37,439,270)
Balance at December 31, 2021  $1,108,252 
A P W Warrants [Member]  
Net Investment Income [Line Items]  
SCHEDULE OF SIGNIFICANT INPUTS AND ASSUMPTIONS

The fair value of the APW warrants under level 3 category as of December 31, 2021 and 2020 was calculated using a Black-Scholes valuation model valued with the following weighted average assumptions:

 

   As of   As of 
   December 31, 2021   December 31, 2020 
Stock Price  $0.0022   $0.0021 
Exercise Price  $0.001   $0.001 
Risk-free Interest Rate   1.48%   0.88%
Annualized volatility   186.5%   178.86%
Dividend Yield   0.00    0.00 
Year to Maturity   8.58    9.58