XML 18 R6.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Cash Flows from Operating Activities              
Net Loss from Operations $ (9,982,861) $ (7,930,453) $ (74,889,324) $ (9,807,561) $ (17,913,314) $ (84,696,885)  
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:              
Depreciation         349,403 34,164  
Amortization of Right-Of-Use Asset         180,092 259,691  
Amortization of Debt Discount         450,000 50,813,099  
Shared-based Compensation & Expense         133,983  
Foreign Exchange Transaction Gain         (2,485,804) (2,421,031)  
Unrealized Loss on Securities Investment         10,766,390 30,703,914  
Realized Loss on Securities Investment         6,355,451  
Loss on Exchange of Investment Securities         852,061  
PPP Loan Forgiveness         (68,502)  
Director Compensation Adjustment         (1,185,251)  
Loss on Equity Method Investment         216,050 102,306  
Changes in Operating Assets and Liabilities              
Real Estate         (2,274,959) (2,584,817)  
Account Receivables         (160,327) (6,503)  
Prepaid Expense         515,568 (1,480,203)  
Trading Securities         1,072,263 (952,509)  
Inventory         7,470 33,236  
Accounts Payable and Accrued Expenses         (9,398,591) 173,892  
Other Receivable - Related Parties         (2,551,127)    
Accrued Interest - Related Parties         73,903  
Deferred Revenue         (638,463) 52,057  
Operating Lease Liability         (182,661) (167,161)  
Builder Deposits         (31,553) (720,987)  
Net Cash Used in Operating Activities         (16,125,804) (10,649,851)  
Cash Flows from Investing Activities              
Loan Receivable - Related Party         (111,112)  
Purchase of Fixed Assets         (210,319) (87,044)  
Purchase of Real Estate Properties         (722,817)  
Real Estate Improvements         (602,161)  
Purchase of Investment Securities         (6,662,017) (758,208)  
Sales of Investment Securities to Related Party         2,480,000  
Issuing Loan Receivable - Related Party         (240,129)  
Proceeds from Loan Receivable - Related Party         840,000  
Net Cash (Used in) Provided by Investing Activities         (8,308,426) 2,234,619  
Cash Flows from Financing Activities              
Proceeds from Common Stock Issuance         6,213,000 39,268,580  
Proceeds from Exercise of Subsidiary Warrants         2,753,203  
Proceeds from Sale of Subsidiary Shares         280,000  
Dividend Paid on Subsidiary Preferred Stock         (73,750)  
Borrowing from PPP Loan         68,502  
Distribution to Non-controlling Interest Shareholders         (1,151,500)  
Repayment to Notes Payable         (171,861) (690,035)  
Proceeds from Note Payable - Related Parties         5,545,495  
Repayment to Notes Payable - Related Parties         (2,102,400)  
Net Cash Provided by Financing Activities         6,041,139 43,898,095  
Net (Decrease) Increase in Cash and Restricted Cash         (18,393,091) 35,482,863  
Effects of Foreign Exchange Rates on Cash         (412,821) (293,205)  
Cash and Restricted Cash - Beginning of Period   $ 60,802,179   $ 31,735,479 60,802,179 31,735,479 $ 31,735,479
Cash and Restricted Cash- End of Period $ 41,996,267   $ 66,925,137   41,996,267 66,925,137 $ 60,802,179
Supplementary Cash Flow Information              
Cash Paid for Interest         1,524 14,454  
Cash Paid for Taxes         451,410  
Supplemental Disclosure of Non-Cash Investing and Financing Activities              
Unrealized Gain (Loss) on Investment         727,858 (37,909)  
Initial Recognition of ROU / Lease Liability         256,928  
Acquiring True Partner Stock         10,003,689  
Sale of Investment in Vivacitas to Related Party         2,279,872  
Deconsolidate Alset Capital Acquisition         16,557,582  
Intrinsic Value of BCF         450,000 (50,770,192)  
Issuance of Stock by Exercising Warrants         3,895  
Transactions under Common Control         57,190,499  
Convert Related Party Note Payable to Common Stock         $ 64,226,566