DESCRIPTION OF BUSINESS (Tables)

3 Months Ended

Mar. 31, 2022

Accounting Policies [Abstract]

Schedule of condensed consolidated statements of operations and comprehensive loss

	For the Three Months Ended
	March 31, 2021
	As Reported			Adjustment			As Restated
Revenue	$	7,905,000		$	-		$	7,905,000
Revenue, cryptocurrency mining, net		130,000						130,000
Revenue, lending and trading activities		5,210,000						5,210,000
Total revenue		13,245,000			-			13,245,000
Cost of revenue		5,108,000						5,108,000
Gross profit		8,137,000			-			8,137,000
Operating expenses
Research and development		602,000						602,000
Selling and marketing		1,242,000						1,242,000
General and administrative		5,092,000						5,092,000
Total operating expenses		6,936,000			-			6,936,000
Income from operations		1,201,000						1,201,000
Other income (expenses)
Interest and other income		37,000						37,000
Change in fair value of equity securities, related party		-			2,969,000			2,969,000
Interest expense		(314,000	)					(314,000	)
Change in fair value of marketable equity securities		1,960,000						1,960,000
Realized gain on marketable securities		397,000						397,000
Gain (loss) on extinguishment of debt		482,000						482,000
Change in fair value of warrant liability		(679,000	)					(679,000	)
Total other (expenses) income, net		1,883,000			2,969,000			4,852,000
(Loss) income before income taxes		3,084,000			2,969,000			6,053,000
Income tax (provision) benefit		(6,000	)					(6,000	)
Net (loss) income		3,078,000			2,969,000			6,047,000
Net loss (income) attributable to non-controlling interest		(1,081,000	)					(1,081,000	)
Net (loss) income attributable to BitNile Holdings, Inc.		1,997,000			2,969,000			4,966,000
Preferred dividends		(4,000	)					(4,000	)
Net (loss) income available to common stockholders	$	1,993,000		$	2,969,000		$	4,962,000
Basic net (loss) income per common share	$	0.05					$	0.13
Diluted net (loss) income per common share	$	0.05					$	0.12
Weighted average basic common shares outstanding		39,256,000						39,256,000
Weighted average diluted common shares outstanding		40,202,000						40,202,000
Comprehensive (loss) income
Net (loss) income available to common stockholders	$	1,993,000		$	2,969,000		$	4,962,000
Other comprehensive income (loss)
Foreign currency translation adjustment		(93,000	)					(93,000	)
Net unrealized gain on derivative securities of related party		2,969,000			(2,969,000	)		-
Other comprehensive (loss) income		2,876,000			(2,969,000	)		(93,000	)
Total comprehensive (loss) income	$	4,869,000		$	-		$	4,869,000

Schedule of condensed consolidated financial statements

	January 1, 2021
	As Reported			Adjustment			As Restated
STOCKHOLDERS’ EQUITY
Common stock	$	28,000		$	-		$	28,000
Additional paid-in capital		171,396,000						171,396,000
Accumulated deficit		(121,396,000	)		(933,000	)		(122,329,000	)
Accumulated other comprehensive loss		(1,718,000	)		933,000			(785,000	)
TOTAL AULT ALLIANCE STOCKHOLDERS’ EQUITY		48,310,000			-			48,310,000
Non-controlling interest		822,000						822,000
TOTAL STOCKHOLDERS’ EQUITY	$	49,132,000		$	-		$	49,132,000

	March 31, 2021
	As Reported			Adjustment			As Restated
STOCKHOLDERS’ EQUITY
Common stock	$	49,000		$	-		$	49,000
Additional paid-in capital		292,763,000						292,763,000
Accumulated deficit		(119,404,000	)		2,036,000			(117,368,000	)
Accumulated other comprehensive loss		1,159,000			(2,036,000	)		(877,000	)
TOTAL AULT ALLIANCE STOCKHOLDERS’ EQUITY		174,567,000			-			174,567,000
Non-controlling interest		1,903,000						1,903,000
TOTAL STOCKHOLDERS’ EQUITY	$	176,470,000		$	-		$	176,470,000

Schedule of condensed consolidated statements of cash flows

	For the Three Months Ended
	March 31, 2021
	As Reported			Adjustment			As Restated
Cash flows from operating activities:
Net income	$	3,078,000		$	2,969,000		$	6,047,000
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation		162,000						162,000
Amortization		104,000						104,000
Amortization of right-of-use assets		229,000						229,000
Amortization, related party		8,000						8,000
Interest expense – debt discount		20,000						20,000
Gain on extinguishment of debt		(482,000	)					(482,000	)
Change in fair value of warrant liability		679,000						679,000
Accretion of original issue discount on notes receivable – related party		(4,000	)					(4,000	)
Accretion of original issue discount on notes receivable		(65,000	)					(65,000	)
Increase in accrued interest on notes receivable – related party		(1,000	)					(1,000	)
Stock-based compensation		20,000						20,000
Impairment of cryptocurrencies		-						-
Realized gains on sale of marketable securities		(4,892,000	)					(4,892,000	)
Unrealized gains on marketable securities		(2,260,000	)					(2,260,000	)
Unrealized gains on equity securities, related party		(154,000	)		(2,969,000	)		(3,123,000	)
Unrealized gains on equity securities		(58,000	)					(58,000	)
Loss from investment in unconsolidated entity		-						-
Changes in operating assets and liabilities:
Marketable equity securities		(8,870,000	)					(8,870,000	)
Accounts receivable		301,000						301,000
Accrued revenue		104,000						104,000
Inventories		(118,000	)					(118,000	)
Prepaid expenses and other current assets		(91,000	)					(91,000	)
Digital currencies		-						-
Other assets		(86,000	)					(86,000	)
Accounts payable and accrued expenses		(1,713,000	)					(1,713,000	)
Other current liabilities		78,000						78,000
Lease liabilities		(230,000	)					(230,000	)
Net cash used in operating activities	$	(14,241,000	)	$	-		$	(14,241,000	)