v3.22.2.2
Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
Mar. 31, 2022
Sep. 30, 2021
Mar. 31, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:              
Net income (loss) $ (6,722,154) $ (6,019,251) $ (5,520,164) $ 4,548,299 $ (6,173,268) $ 10,282,474  
Adjustments to reconcile net income (loss) to cash used in operating activities              
Depreciation and amortization         43,718 9,476  
Right to use asset non cash lease expense         71,288 75,605  
Stock compensation         988,498    
Stock option expense         9,956,219    
Debt forgiveness           (157,251)  
Accrued investment income         (259,867) (160,954)  
Gain on deconsolidation of affiliate           (43,623)  
Unrealized loss on convertible debt security           87,316  
Unrealized loss on marketable securities 13,000   478,448   36,900 478,448  
Impairment loss on digital assts 26,634   23,720   404,341 23,720  
Unrealized gain on investment and equity securities         (11,034,828) (1,024,714)  
Realized (gain) loss on securities         349,920 (13,951,752)  
Realized gain on convertible note securities         (287,778)    
Investment in securities           (16,118,533)  
Proceeds from securities         2,565,893 30,070,285  
Investment in convertible note receivable           (5,000,000)  
Convertible note receivable converted into marketable security         844,882 4,231,760  
Investment in marketable Securities         (844,882) (3,958,678)  
Change in assets and liabilities              
Prepaid expenses and other assets         807,352 (8,326)  
Accounts payable and accrued expenses         172,723 382,204  
Advances (repayments) to related party         (45,605) 103,934  
Mining of digital assets         (42,157)    
Lease liability payments         (75,574) (76,656)  
Deferred taxes and taxes payable         841,678 29,883  
Net cash provided by (used in) operating activities         (1,680,547) 5,274,618  
CASH FLOWS FROM INVESTING ACTIVITIES:              
Payments for real estate assets owned           (68,568)  
Capital expenditures         (15,380) (4,207)  
Deposits for mining equipment and hosting         (16,467,402) (1,565,625)  
Investments in digital assets         (978,441) (1,419,958)  
Loan to purchase securities           (1,784,250)  
Investment in note receivable - related party         (2,785,000)    
Investment in note receivable         (350,000)    
Repayment of loan to purchase securities           (1,784,250)  
Investment in unconsolidated affiliate           (5,738,000)  
Net cash used in investing activities         (20,588,739) (8,750,359)  
CASH FLOWS FROM FINANCING ACTIVITIES:              
Principal repayments           (28,534)  
Insurance financing repayments         (114,688) (134,485)  
Exercise of warrants           9,544,623  
Net cash provided by (used in) financing activities         (114,688) 9,381,604  
NET INCREASE (DECREASE) IN CASH         (22,383,974) 5,905,863  
CASH - BEGINNING OF YEAR   $ 32,559,185   $ 11,552,943 32,559,185 11,552,943 $ 11,552,943
CASH - END OF YEAR $ 10,175,211   $ 17,458,806   10,175,211 17,458,806 $ 32,559,185
SUPPLEMENTAL DISCLOSURES OF NON-CASHFLOW INFORMATION              
Insurance financing           210,260  
ROU assets and operating lease obligation recognized         300,787    
Reclassification of mining equipment deposit to fixed assets, net         21,986,382    
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         19,049 37,549  
Special Product [Member]              
CASH FLOWS FROM INVESTING ACTIVITIES:              
Net collections of finance receivables         $ (11,565) $ 8,450  

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