XML 42 R30.htm IDEA: XBRL DOCUMENT v3.22.2.2
INVESTMENTS MEASURED AT FAIR VALUE (Tables)
 6 Months Ended
Jun. 30, 2022
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 condensed consolidated balance sheet as of June 30, 2022 and December 31, 2021:

 

   Amount at   Fair Value Measurement Using   Amount at 
   Cost   Level 1   Level 2   Level 3   Fair Value 
June 30, 2022                         
Assets                         
Investment Securities- Fair Value  $76,264,051   $17,132,071   $         -   $           -   $17,132,071 
Investment Securities- Trading   2,387,149    3,466,845    -    -    3,466,845 
Convertible Note Receivable   138,599    -    -    88,684    88,684 
Warrants - American Premium Mining   -    -    -    507,062    507,062 
                          
Total  $78,789,799   $20,598,916   $-   $595,746   $21,194,662 
                          
Investment Securities - Fair Value NAV as Practical Expedient                       24,112 
                          
Total Investment in securities at Fair Value                       21,218,774 

 

 

   Amount at   Fair Value Measurement Using   Amount at 
   Cost   Level 1   Level 2   Level 3   Fair Value 
December 31, 2021                         
Assets                         
Investment Securities- Fair Value  $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 Mining   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 
SCHEDULE OF FAIR VALUE OF EQUITY SECURITY INVESTMENT

 

   Share price       Market Value    
   6/30/2022   Shares   6/30/2022   Valuation
                
DSS (Related Party)  $0.351    41,446,087   $14,547,577   Investment in Securities at Fair Value
                   
AMBS (Related Party)  $0.002    20,000,000   $48,000   Investment in Securities at Fair Value
                   
Holista (Related Party)  $0.021    43,596,621   $931,552   Investment in Securities at Fair Value
                   
American Premium Mining (Related Party)  $0.001    354,039,000   $389,443   Investment in Securities at Fair Value
                   
Value Exchange  $0.187    6,500,000   $1,215,500   Investment in Securities at Fair Value
                   
Trading Stocks            $3,466,845   Investment in Securities at Fair Value
                   
Total Level 1 Equity Securities   $20,598,917    
                   
Nervotech   N/A    1,666   $37,045   Investment in Securities at Cost
Hyten Global   N/A    3,800   $42,562   Investment in Securities at Cost
Ubeauty   N/A    3,600   $19,609   Investment in Securities at Cost
    Total Equity Securities   $20,698,133    

 

 

    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 Mining (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 Stocks                   $ 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
Hyten Global      N/A       3,800     $ 42,562      Investment in Securities at Cost
Ubeauty      N/A       3,600     $ 19,609      Investment in Securities at Cost
      Total Equity Securities     $ 35,327,987      
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 June 30, 2022 and December 31, 2021 was calculated using a Black-Scholes valuation model valued with the following weighted average assumptions:

 

  

June 30,

2022

  

December 31,

2021

 
         
Dividend yield   0.00%   0.00%
Expected volatility   126.23%   138.85%
Risk free interest rate   3.25%   3.25%
Contractual term (in years)   0.51    0.76 
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 three and six months ended June 30, 2022 and 2021:

 

   Total 
Balance at January 1, 2022  $1,108,252 
Total losses   (203,463)
Balance at March 31, 2022  $904,789 
Total losses   (591)
Balance at June 30, 2022  $904,198 

 

   Total 
Balance at January 1, 2021  $66,978 
Total losses   (1,987)
Balance at March 31, 2021  $64,991 
Total losses   (35,922)
Balance at June 30, 2021  $29,069 
APW Warrants [Member]  
Net Investment Income [Line Items]  
SCHEDULE OF SIGNIFICANT INPUTS AND ASSUMPTIONS

The fair value of the APM warrants under level 3 category as of June 30, 2022 and December 31, 2021 was calculated using a Black-Scholes valuation model valued with the following weighted average assumptions:

 

           
  

June 30,

2022

  

December 31,

2021

 
         
Stock Price  $0.0011   $0.0022 
Exercise price   0.001    0.001 
Risk free interest rate   1.46%   1.48%
Annualized volatility   155.6%   186.5%
Year to maturity   8.07    8.58