XML 23 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 Loss from Operations $ (119,017,591) $ (5,100,318)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Depreciation 166,451 24,309
Amortization of Right-Of-Use Asset 611,253 333,543
Amortization of Debt Discount 50,871,869 18,772
Shared-based Compensation & Expense 134,192 1,564,376
Impairment on Promissory Note 421,754
Impairment on Life Insurance 104,978
PPP Loan Forgiveness (64,502)
Foreign Exchange Transaction Gain (1,403,859) 354,392
Unrealized Loss on Securities Investment 49,190,748 1,690,086
Realized Loss on Securities Investment 4,698,078
Loss on Equity Method Investment 51,999 227,643
Net Gain in the Unconsolidated Period (61,346)
Changes in Operating Assets and Liabilities    
Real Estate 4,810,464 4,227,504
Account Receivables 849,413 (1,629,544)
Prepaid Expense 399,442 (1,521,281)
Deposits (16,361) (226,487)
Trading Securities (14,426,785)
Inventory 34,991 (36,873)
Accounts Payable and Accrued Expenses 9,663,367 416,947
Deferred Revenue (2,199,477) 2,608,632
Operating Lease Liability (293,525) (329,404)
Builder Deposits (1,230,783) (1,182,933)
Income Tax Payable (678,694)
Net Cash (Used in) Provided by Operating Activities (16,684,360) 739,800
Net Cash Used in Discontinued Operating Activities (422,188)
Net Cash (Used in) Provided by Operating Activities (16,684,360) 317,612
Cash Flows from Investing Activities    
Purchase of Fixed Assets (227,821) (21,674)
Purchase of Real Estate Properties (25,362,146)
Proceeds from Global Opportunity Fund Liquidation 301,976
Sales of Investment Securities 110,718 2,102,048
Purchase of Investment Securities (19,390,318) (201,229)
Investment in Life Insurance (200,000)
Sales of Investment Securities to Related Party 2,480,000
Cash Loss in Deconsolidation of American Pacific Bancorp (1,235,953)
Issuing Loan Receivable - Related Party (11,878,605)
Proceed form Loan Receivable - Related Party (539,876) (200,000)
Net Cash (Used in) Provided by Investing Activities (56,044,001) 1,781,121
Net Cash Used in Discontinued Investing Activities
Net Cash (Used in) Provided by Investing Activities (56,044,001) 1,781,121
Cash Flows from Financing Activities    
Proceeds from Common Stock Issuance 104,565,659 13,202,123
Proceeds from Exercise of Subsidiary Warrants 3,249,339 11,380,460
Proceeds from Sale of Subsidiary Shares 280,000 3,097,791
Dividend Paid on Preferred Stock (73,750) (109,916)
Borrowings from M&T Loan 617,590
Borrowing from PPP Loan 68,502 68,502
Repayment of PPP Loan (4,000)
Distribution to Non-controlling Interest Shareholders (2,549,750) (411,250)
Repayment to Notes Payable (610,767) (250,000)
Proceeds from Notes Payable - Related Parties 5,545,495 201,273
Proceeds Repayment to Notes Payable - Related Parties (7,057,324) (6,644,542)
Net Cash Provided by Financing Activities 103,417,404 21,148,031
Net Cash Provided by Discontinued Financing Activities
Net Cash Provided by Financing Activities 103,417,404 21,148,031
Net Increase in Cash and Restricted Cash 30,689,043 23,246,764
Effects of Foreign Exchange Rates on Cash (1,622,343) 50,683
Cash and Restricted Cash - Beginning of Year 31,735,479 8,438,032
Cash and Restricted Cash- End of Period 60,802,179 31,735,479
Supplementary Cash Flow Information    
Cash Paid for Interest 20,154 855,381
Cash Paid for Taxes 446,757 688,316
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Unrealized (Loss) Gain on Investment (57,179) 19,486
Initial Recognition of ROU / Lease Liability 256,928 762,239
Acquiring True Partner Stock by Issuing Promissory Note 10,003,689
Sales of Investment in Vivacitas to Related Party 2,279,872
Transactions under Common Control 57,190,499
Intrinsic Value of BCF (50,770,192)
Converting Notes to Stock 64,226,566
American Pacific Bancorp Deconsolidation 27,904,857
Gain from Exercise of American Premium Water Warrant 734,400
Purchase of Fixed Asset by Issuing Promissory Note 95,000
Disposal of Impact BioMedical Inc. to Related Party 46,154,160
Disposal of iGalen International Inc. to Related Party 3,741,065
Contribution 945,769
Change in Non-Controlling Interest $ 1,333,229