XML 172 R4.htm IDEA: XBRL DOCUMENT v3.24.3
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Total revenue $ 156,444,000 $ 117,637,000
Total cost of revenue 125,385,000 66,956,000
Gross profit 31,059,000 50,681,000
Operating expenses    
Research and development 7,234,000 2,773,000
Selling and marketing 33,529,000 29,364,000
General and administrative 77,806,000 60,302,000
Impairment of goodwill and intangible assets 47,561,000 13,064,000
Impairment of property and equipment 18,161,000 79,556,000
Impairment of deposit due to vendor bankruptcy filing 2,000,000
Impairment of mined digital currencies 489,000 3,099,000
Total operating expenses 184,780,000 190,158,000
Loss from operations (153,721,000) (139,477,000)
Other income (expense):    
Interest and other income 5,294,000 2,594,000
Interest expense (36,595,000) (37,342,000)
Interest expense, related party (664,000)
Other expense, guarantee (35,400,000)
Loss on extinguishment of debt (8,719,000)
Loss on extinguishment of debt, related party (4,164,000)
Loss from investment in unconsolidated entity (302,000) (924,000)
Loss on deconsolidation of subsidiary (3,040,000)
Impairment of equity securities (9,555,000) (11,500,000)
Gain from bargain purchase of business 806,000
Gain on the sale of fixed assets 2,069,000
Change in fair value of warrant and derivative liabilities 4,544,000 (2,580,000)
Total other expense, net (86,532,000) (48,946,000)
Loss before income taxes (240,253,000) (188,423,000)
Income tax provision (benefit) 337,000 (4,485,000)
Net loss from continuing operations (240,590,000) (183,938,000)
Net loss from discontinued operations (15,704,000) (5,895,000)
Net loss (256,294,000) (189,833,000)
Net loss attributable to non-controlling interest 25,268,000 8,017,000
Net loss attributable to Ault Alliance, Inc. (231,026,000) (181,816,000)
Preferred dividends (1,375,000) (393,000)
Net loss available to common stockholders $ (232,401,000) $ (182,209,000)
Net income (loss) continuing operations basic $ (306.07) $ (5,877.13)
Net income (loss) continuing operations diluted (306.07) (5,877.13)
Net income (loss) discontinued operations basic (22.18) (196.50)
Net income (loss) discontinued operations diluted (22.18) (196.50)
Net loss per common share $ (328.25) $ (6,073.63)
Weighted average basic common shares outstanding 708,000 30,000
Weighted average diluted common shares outstanding 708,000 30,000
Comprehensive loss    
Net loss available to common stockholders $ (232,401,000) $ (182,209,000)
Foreign currency translation adjustment (997,000) (995,000)
Other comprehensive loss (997,000) (995,000)
Total comprehensive loss (233,398,000) (183,204,000)
Revenue products [Member]    
Total revenue 76,137,000 61,561,000
Revenue Digital Currencies Mining [Member]    
Total revenue 33,107,000 16,693,000
Crane Operations [Member]    
Total revenue 49,198,000 2,739,000
Lending and Trading Activities [Member]    
Total revenue (1,998,000) 36,644,000
Product [Member]    
Total cost of revenue 57,788,000 44,508,000
Cost Of Revenue Crypto Currency Mining [Member]    
Total cost of revenue 36,446,000 21,508,000
Cost Of Sales Crane Operations [Member]    
Total cost of revenue 29,971,000 940,000
Cost Of Revenue Lending And Trading Activities [Member]    
Total cost of revenue $ 1,180,000