v3.21.2
Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 15,802,638 $ (989,062)
Adjustments to reconcile net loss to cash used in operating activities    
Depreciation and amortization 4,994 11,727
Right to use asset depreciation 49,797 51,229
Stock compensation   132,244
Debt forgiveness (157,251)  
Recovery of cost from related party receivable (100,000) (200,000)
Accrued investment income (86,938)  
Gain from operations of discontinued operations   (16,426)
Deconsolidation of affiliate (43,623)  
Unrealized gain on investment and equity securities (1,147,886)  
Unrealized gain on convertible debt security (2,501,600)  
Investment in convertible note receivable (5,000,000)  
Realized gain on securities (14,125,034)  
Investment in securities (15,547,454)  
Proceeds from securities 29,672,488 49,828
Investment in marketable securities (247,997)  
Change in assets and liabilities    
Prepaid expenses and other assets 11,105 49,059
Accounts payable and accrued expenses 184,239 21,858
Advances (repayments) from related party 142,191 496,546
Lease liability payments (50,353) (45,742)
Deferred taxes 17,264  
Net cash provided by (used in) operating activities 6,976,580 (438,739)
CASH FLOWS FROM INVESTING ACTIVITIES:    
(Payments) for real estate assets owned (64,857) (2,055)
Capital expenditures (3,185)  
Net cash payment for IIU disposal   (246,914)
Proceeds from investment in note receivable   1,500,000
Loan to purchase securities 1,784,250  
Repayment of loan to purchase securities (1,784,250)  
Investment in unconsolidated affiliate (5,738,000)  
Net cash (used in) provided by investing activities (5,775,665) 1,344,697
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings   185,785
Principal repayments (28,534)  
Insurance financing repayments (96,257) (69,540)
Exercise of warrants 9,544,623 2,946,480
Proceeds from stock subscription   1,250,000
Net cash provided by financing activities 9,419,832 4,312,725
NET INCREASE IN CASH 10,620,747 5,218,683
CASH - BEGINNING OF YEAR 11,552,943 1,069,823
CASH - END OF YEAR 22,173,690 6,288,506
SUPPLEMENTAL DISCLOSURES OF CASHFLOW INFORMATION    
Cash paid for interest 1,892 12,626
Original Product [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net collections of finance receivables 30,831 61,590
Special Product [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net collections of finance receivables $ (454) $ 32,076

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