v3.22.1
Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ (6,019,251) $ 4,548,299  
Adjustments to reconcile net loss to cash used in operating activities      
Depreciation and amortization 3,094 1,696  
Right to use non cash lease expense 23,343 25,808  
Stock compensation 329,500    
Stock option expense 3,318,737    
Accrued investment income (96,657) (12,784)  
Digital assets other income (4,366)    
Gain on deconsolidation of affiliate   (43,623)  
Unrealized gain on convertible debt security (288,320)    
Unrealized gain on marketable securities (130) (595,392)  
Unrealized loss on investment and equity securities 986,399    
Realized (gain) loss on securities 395,181 (5,671,464)  
Proceeds from securities 1,428,050 21,218,918  
Investment in convertible note receivable converted into marketable security   (15,547,454)  
Change in assets and liabilities      
Prepaid expenses and other assets 280,208 710,163  
Digital assets, net (500,000)    
Accounts payable and accrued expenses (136,430) 157,514  
Advances (repayments) from related party 252,580 200,749  
Lease liability payments (30,242) (24,971)  
Income tax payable (326,178) 3,484  
Income tax receivable (143,822)    
Net cash provided by (used in) operating activities (528,304) 4,970,943  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Payments for real estate assets owned   (62,432)  
Deposit for mining equipment (7,118,572)    
Investment in convertible note receivable   (1,666,500)  
Loan to purchase securities   1,784,250  
Investment in note receivable - related party (310,000)    
Repayment of loan to purchase securities   (1,784,250)  
Investment in unconsolidated affiliate   (5,738,000)  
Net cash (used in) provided by investing activities (7,437,070) (7,453,746)  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Principal repayments   (343,687)  
Insurance financing repayments (57,344) (468,061)  
Exercise of warrants   9,544,623  
Net cash provided by (used in) financing activities (57,344) 8,732,875  
NET INCREASE (DECREASE) IN CASH (8,022,718) 6,250,072  
CASH - BEGINNING OF YEAR 32,559,185 11,552,943 $ 11,552,943
CASH - END OF YEAR 24,536,467 17,803,015 $ 32,559,185
SUPPLEMENTAL DISCLOSURES OF NON-CASHFLOW INFORMATION      
ROU assets and operating lease obligation recognized 300,787    
SUPPLEMENTAL DISCLOSURES OF CASHFLOW INFORMATION      
Cash paid for taxes 470,000    
Original Product [Member]      
CASH FLOWS FROM INVESTING ACTIVITIES:      
Net collections of finance receivables (6,550) 14,206  
Special Product [Member]      
CASH FLOWS FROM INVESTING ACTIVITIES:      
Net collections of finance receivables $ (1,948) $ (1,020)  

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