v3.21.1
Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 4,548,299 $ (551,094)
Adjustments to reconcile net loss to cash used in operating activities    
Depreciation and amortization 1,696 5,812
Right to use asset depreciation 25,808 25,093
Stock compensation   128,847
Recovery of cost from related party receivable (10,000) (100,000)
Accrued investment income (12,784)  
Gain on disposal of discontinued operations   (16,428)
Deconsolidation of affiliate (43,623)  
Unrealized gain on securities (595,392)  
Realized gain on sale of securities (5,671,464)  
Change in assets and liabilities    
Prepaid expenses and other assets 710,163 20,436
Accounts payable and accrued expenses 157,514 (8,102)
Advances (repayments) from related party 200,749 197,024
Lease liability payments (24,971) (22,684)
Deferred taxes 3,484  
Net cash provided (used in) operating activities (700,521) (321,096)
CASH FLOWS FROM INVESTING ACTIVITIES:    
(Payments)/proceeds for real estate assets owned (62,432) (3,026)
Net cash payment for IIU disposal   (246,914)
Investment in convertible note receivable (1,666,500)  
Investment in unconsolidated affiliate (5,738,000)  
Investment in securities (15,547,454)  
Proceeds from securities, net 21,218,918  
Loan to purchase securities 1,784,250  
Repayment of loan to purchase securities (1,784,250)  
Net cash used by investing activities (1,782,282) (192,066)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal repayments (343,687) (34,770)
Insurance financing repayments (468,061)  
Exercise of warrants 9,544,623  
Proceeds from stock subscription   250,000
Net cash provided by financing activities 8,732,875 215,230
NET INCREASE (DECREASE) IN CASH 6,250,072 (297,932)
CASH - BEGINNING OF YEAR 11,552,943 1,069,823
CASH - END OF YEAR 17,803,015 771,891
SUPPLEMENTAL DISCLOSURES OF CASHFLOW INFORMATION    
Cash paid for interest   6,894
Original Product [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net collections of finance receivables 14,206 28,035
Special Product [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net collections of finance receivables $ (1,020) $ 29,839

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