SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2023

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 11. SUBSEQUENT EVENTS

On July 14, 2023, the Company, through Enterprise Diversified, invested $500,000 in a private placement transaction for which the Company will receive 500 preferred shares of the issuer as well as 100,000 warrants of the issuer’s parent company at an exercise price of $6.00 per warrant. This investment will not result in the Company having a controlling interest in the issuer. This investment will be revaluated at each future reporting period.

On August 1, 2023, the Company entered into a third amendment to the RRA pursuant to which the parties extended the deadline by which the Company shall prepare and file or cause to be prepared and filed with the SEC a registration statement to on or before March 31, 2024.

Management has evaluated all subsequent events from June 30, 2023, through August 11, 2023, the date the condensed consolidated financial statements were issued. Management concluded that no additional subsequent events have occurred that would require recognition or disclosure in the condensed consolidated financial statements.