v3.22.2.2
Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:              
Net income $ 6,568,137 $ (6,019,251) $ 11,254,339 $ 4,548,299 $ 548,886 $ 15,802,638  
Adjustments to reconcile net income to cash used in operating activities              
Depreciation and amortization         5,101 4,994  
Right to use asset non cash lease expense         47,127 49,797  
Stock compensation         658,999    
Stock option expense         6,637,479    
Debt forgiveness           (157,251)  
Accrued investment income         (176,438) (86,938)  
Gain on deconsolidation of affiliate           (43,623)  
Unrealized gain on convertible debt security           (2,501,600)  
Unrealized loss on marketable securities 24,030       23,900    
Impairment loss on digital assts 377,707       377,707    
Unrealized gain on investment and equity securities         (11,229,002) (1,147,886)  
Realized (gain) loss on securities         349,920 (14,125,034)  
Realized gain on convertible note securities         (287,778)    
Investment in securities           (15,547,454)  
Proceeds from securities         2,565,893 29,672,488  
Investment in convertible note receivable           (5,000,000)  
Convertible note receivable converted into marketable security         844,882    
Investment in marketable Securities         (844,882) (247,997)  
Change in assets and liabilities              
Prepaid expenses and other assets         623,511 11,105  
Accounts payable and accrued expenses         (27,168) 184,239  
Advances from related party         249,959 142,191  
Lease liability payments         (52,440) (50,353)  
Income tax payable         (326,178)    
Income tax receivable         (143,822)    
Deferred taxes           17,264  
Net cash provided by (used in) operating activities         (154,344) 6,976,580  
CASH FLOWS FROM INVESTING ACTIVITIES:              
Payments for real estate assets owned           (64,857)  
Capital expenditures         (13,235) (3,185)  
Deposits for mining equipment and hosting         (13,538,333)    
Investments in digital assets         (786,586)    
Loan to purchase securities           1,784,250  
Investment in note receivable - related party         (910,000)    
Repayment of loan to purchase securities           (1,784,250)  
Investment in unconsolidated affiliate           (5,738,000)  
Net cash (used in) investing activities         (15,243,558) (5,775,665)  
CASH FLOWS FROM FINANCING ACTIVITIES:              
Principal repayments           (28,534)  
Insurance financing repayments         (114,688) (96,257)  
Exercise of warrants           9,544,623  
Net cash provided by (used in) financing activities         (114,688) 9,419,832  
NET INCREASE (DECREASE) IN CASH         (15,512,590) 10,620,747  
CASH - BEGINNING OF YEAR   $ 32,559,185   $ 11,552,943 32,559,185 11,552,943 $ 11,552,943
CASH - END OF YEAR $ 17,046,595   $ 22,173,690   17,046,595 22,173,690 $ 32,559,185
SUPPLEMENTAL DISCLOSURES OF NON-CASHFLOW INFORMATION              
ROU assets and operating lease obligation recognized         300,787    
Reclassification of mining equipment deposit to fixed assets, net         15,058,872    
SUPPLEMENTAL DISCLOSURES OF CASHFLOW INFORMATION              
Cash paid for interest           1,892  
Cash paid for income taxes         470,000    
Original Product [Member]              
CASH FLOWS FROM INVESTING ACTIVITIES:              
Net collections of finance receivables         11,473 30,831  
Special Product [Member]              
CASH FLOWS FROM INVESTING ACTIVITIES:              
Net collections of finance receivables         $ (6,877) $ (454)  

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