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Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash $ 17,827,383 $ 56,061,309
Restricted Cash 694,520 4,740,870
Account Receivables, Net 46,522 39,622
Other Receivables 446,798 334,788
Note Receivables - Related Parties 3,617,176 12,792,671
Prepaid Expense 188,070 1,202,451
Inventory 35,020 47,290
Investment in Securities at Fair Value 6,288,236 19,211,582
Investment in Securities at Fair Value - Related Party 13,193,089 17,125,441
Investment in Securities at Cost 98,129 99,216
Investment in Securities at Equity Method 52,987,224 30,801,129
Deposit 275,204
Total Current Assets 95,422,167 142,731,573
Real Estate    
Rental Properties 31,169,031 24,820,253
Properties under Development 23,449,698 15,695,127
Operating Lease Right-Of-Use Asset 1,614,159 659,620
Deposit 536,947 39,653
Property and Equipment, Net 1,298,334 263,917
Total Assets 153,490,336 184,210,143
Current Liabilities:    
Accounts Payable and Accrued Expenses 2,983,470 11,341,789
Deferred Revenue 21,198 728,343
Builder Deposits 31,553
Operating Lease Liability 45,556 283,989
Notes Payable 181,846 317,671
Notes Payable - Related Parties 12,668 833,658
Total Current Liabilities 3,244,738 13,537,003
Long-Term Liabilities:    
Operating Lease Liability 1,582,483 383,354
Total Liabilities 4,827,221 13,920,357
Stockholders’ Equity:    
Common Stock, $0.001 par value; 250,000,000 shares authorized; 7,422,846 and 4,368,422 shares issued and outstanding on December 31, 2022 and December 31, 2021, respectively [1] 7,423 87,368
Additional Paid in Capital 322,534,891 296,181,977
Accumulated Deficit (188,724,411) (148,233,473)
Accumulated Other Comprehensive Income 3,836,063 341,646
Total Alset Inc. Stockholders’ Equity 137,653,966 148,377,518
Non-controlling Interests 11,009,149 21,912,268
Total Stockholders’ Equity 148,663,115 170,289,786
Total Liabilities and Stockholders’ Equity $ 153,490,336 $ 184,210,143
[1] The common stock share amounts were adjusted retrospectively to reflect the 20-for-1 reverse stock split on December 28, 2022