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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net (loss) income $ (28,787,000) $ 6,047,000
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:    
Depreciation 2,562,000 162,000
Amortization 80,000 104,000
Amortization of right-of-use assets 339,000 229,000
Amortization, related party 173,000 8,000
Interest expense – debt discount 26,461,000 20,000
Gain on extinguishment of debt (482,000)
Change in fair value of warrant liability 18,000 679,000
Accretion of original issue discount on notes receivable – related party (4,000)
Accretion of original issue discount on notes receivable (276,000) (65,000)
Increase in accrued interest on notes receivable – related party (54,000) (1,000)
Stock-based compensation 2,685,000 20,000
Impairment of cryptocurrencies 439,000
Realized gains on sale of marketable securities 5,707,000 (4,892,000)
Unrealized gains on marketable securities (13,515,000) (2,260,000)
Unrealized (gains) losses on investments in equity securities, related parties 4,694,000 (3,123,000)
Unrealized gains on equity securities (13,461,000) (58,000)
Loss from investment in unconsolidated entity 533,000
Changes in operating assets and liabilities:    
Marketable equity securities 32,649,000 (8,870,000)
Accounts receivable (621,000) 301,000
Accrued revenue (484,000) 104,000
Inventories (1,723,000) (118,000)
Prepaid expenses and other current assets 7,431,000 (91,000)
Digital currencies (3,809,000)
Other assets (704,000) (86,000)
Accounts payable and accrued expenses 4,961,000 (1,713,000)
Other current liabilities 78,000
Lease liabilities (270,000) (230,000)
Net cash provided by (used in) operating activities 25,028,000 (14,241,000)
Cash flows from investing activities:    
Purchase of property and equipment (35,359,000) (4,349,000)
Investment in promissory notes and other, related parties (700,000) (3,595,000)
Investments in common stock and warrants, related parties (194,000) (4,756,000)
Investment in real property, related party (2,670,000)
Purchase of marketable equity securities (158,000)
Sales of marketable equity securities 10,210,000 430,000
Investments in loans receivable (246,000)
Principal payments on loans receivable 1,500,000
Sale of digital currencies 4,377,000
Investments in equity securities (3,820,000) (1,787,000)
Net cash used in investing activities (24,390,000) (16,727,000)
Cash flows from financing activities:    
Gross proceeds from sales of common stock 110,147,000 124,983,000
Financing cost in connection with sales of equity securities (2,758,000) (4,065,000)
Proceeds from notes payable 295,000
Repayment of margin accounts (18,488,000)
Payments on notes payable (65,986,000) (972,000)
Payments of preferred dividends (5,000) (4,000)
Purchase of treasury stock (992,000)
Payments on revolving credit facilities, net (8,000)
Net cash provided by financing activities 22,213,000 119,934,000
Effect of exchange rate changes on cash and cash equivalents 57,000 152,000
Net increase in cash and cash equivalents and restricted cash 22,908,000 89,118,000
Cash and cash equivalents and restricted cash at beginning of period 21,233,000 18,680,000
Cash and cash equivalents and restricted cash at end of period 44,141,000 107,798,000
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest 2,572,000 658,000
Non-cash investing and financing activities:    
Conversion of convertible notes payable into shares of common stock 450,000
Payment of accounts payable with digital currency 413,000 119,000
Conversion of convertible notes payable, related party into shares of common stock 400,000
Recognition of new operating lease right-of-use assets and lease liabilities 2,188,000
Purchase of marketable equity securities for future payment $ 33,647,000