INVESTMENTS – RELATED PARTIES

3 Months Ended

Mar. 31, 2022

Investments Related Parties

INVESTMENTS – RELATED PARTIES

8. INVESTMENTS – RELATED PARTIES

Investments in Alzamend and Ault & Company at March 31, 2022 and December 31, 2021, were comprised of the following:

Investment in Promissory Notes, Related Parties

	Interest			Due		March 31,		December 31,
	Rate			Date		2022		2021
Investment in promissory note of Ault & Company		8	%		December 31, 2022	$	2,500,000	$	2,500,000
Accrued interest receivable, Ault & Company							153,000		170,000
Other							-		172,000
Total investment in promissory note, related party						$	2,653,000	$	2,842,000

Investment in Common Stock and Options, Related Parties

	March 31,		December 31,
	2022		2021
Investment in common stock and options of Alzamend	$	8,729,000	$	13,230,000

The following table summarizes the changes in the Company’s investments in Alzamend and Ault & Company during the three months ended March 31, 2022:

	Investment in warrants and common stock of Alzamend			Investment in promissory notes and advances of Alzamend and Ault & Company and Other
Balance at January 1, 2022	$	13,230,000		$	2,842,000
Investment in common stock and options of Alzamend		194,000			-
Unrealized loss in common stock of Alzamend		(4,695,000	)		-
Amortization of related party investment		-			(173,000	)
Accrued interest		-			(16,000	)
Balance at March 31, 2022	$	8,729,000		$	2,653,000

Investments in Alzamend Common Stock

The following table summarizes the changes in the Company’s investments in Alzamend common stock during the three months ended March 31, 2022:

	Shares of		Per Share		Investment in
	Common Stock		Price		Common Stock
Balance at January 1, 2022		6,947,000	$	1.90	$	13,230,000
Open market purchases after initial public offering		153,000	$	1.27		194,000
Unrealized loss in common stock of Alzamend						(4,691,000	)
Investment in Alzamend common stock		7,100,000	$	1.23		8,733,000
Investment in Alzamend options						(4,000	)
Balance at March 31, 2022					$	8,729,000