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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Total revenue $ 49,778,000 $ (30,794,000) $ 99,970,000 $ 44,580,000
Total cost of revenue 28,678,000 5,271,000 51,541,000 16,657,000
Gross profit 21,100,000 (36,065,000) 48,429,000 27,923,000
Operating expenses        
Research and development 521,000 524,000 1,945,000 1,657,000
Selling and marketing 7,428,000 1,993,000 20,888,000 4,740,000
General and administrative 15,947,000 11,292,000 48,666,000 24,376,000
Impairment of deposit due to vendor bankruptcy filing 2,000,000 2,000,000
Impairment of mined cryptocurrency 515,000 2,930,000
Total operating expenses 26,411,000 13,809,000 76,429,000 30,773,000
Loss from operations (5,311,000) (49,874,000) (28,000,000) (2,850,000)
Other income (expenses)        
Interest and other income 725,000 125,000 1,255,000 176,000
Accretion of discount on note receivable, related party 4,210,000   4,210,000
Interest expense (3,972,000) (140,000) (35,827,000) (475,000)
Change in fair value of marketable equity securities 114,000 (750,000) 355,000 (705,000)
Realized gain on digital currencies and marketable securities 595,000 30,000 661,000 428,000
Loss from investment in unconsolidated entity (924,000)
Gain on extinguishment of debt 929,000
Change in fair value of warrant liability (3,000) 259,000 (27,000) (130,000)
Total other (expenses) income, net (2,541,000) 3,734,000 (34,507,000) 4,433,000
(Loss) income before income taxes (7,852,000) (46,140,000) (62,507,000) 1,583,000
Income tax (provision) benefit (144,000) 3,366,000 (361,000) (144,000)
Net (loss) income (7,996,000) (42,774,000) (62,868,000) 1,439,000
Net loss (income) attributable to non-controlling interest 725,000 (96,000) 1,061,000 (93,000)
Net (loss) income attributable to BitNile Holdings, Inc. (7,271,000) (42,870,000) (61,807,000) 1,346,000
Preferred dividends (190,000) (4,000) (239,000) (13,000)
Net (loss) income available to common stockholders $ (7,461,000) $ (42,874,000) $ (62,046,000) $ 1,333,000
Basic net (loss) income per common share $ (0.03) $ (0.73) $ (0.27) $ 0.03
Diluted net (loss) income per common share $ (0.03) $ (0.73) $ (0.27) $ 0.03
Weighted average basic common shares outstanding 294,141,000 58,987,000 225,662,000 49,714,000
Weighted average diluted common shares outstanding 294,141,000 58,987,000 225,662,000 50,145,000
Other comprehensive income (loss)        
Foreign currency translation adjustment $ 306,000 $ (182,000) $ (1,452,000) $ (141,000)
Net unrealized loss on derivative securities of related party (4,849,000) (7,773,000)
Other comprehensive income (loss) 306,000 (5,031,000) (1,452,000) (7,914,000)
Total comprehensive loss (7,155,000) (47,905,000) (63,498,000) (6,581,000)
Cost of Sales [Member]        
Total cost of revenue 20,193,000 5,011,000 30,985,000 16,011,000
Cost of Sales Cryptocurrency [Member]        
Total cost of revenue 5,255,000 260,000 12,206,000 646,000
Cost of Sales Hotel Operations [Member]        
Total cost of revenue 3,230,000 8,350,000
Revenue [Member]        
Total revenue 27,031,000 7,803,000 43,539,000 24,272,000
Revenue Cryptocurrency Mining Net [Member]        
Total revenue 3,874,000 272,000 11,398,000 693,000
Hotel Operations [Member]        
Total revenue 5,513,000 12,809,000
Lending and Trading Activities [Member]        
Total revenue $ 13,360,000 $ (38,869,000) $ 32,224,000 $ 19,615,000