v3.23.1
Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (7,162,596) $ (6,019,251)  
Adjustments to reconcile net loss to cash used in operating activities      
Depreciation and amortization 801,873 3,094  
Noncash lease expense 23,224 23,343  
Stock compensation   329,500  
Stock option expense 194,356 3,318,737  
Accrued investment income (53,734) (96,657)  
Digital assets other income   (4,366)  
Impairment loss on digital assets 199,554    
Impairment loss on prepaid mining machine deposits 36,691    
Unrealized gain on convertible debt security   (288,320)  
Unrealized gain on marketable securities (5,790) (130)  
Unrealized loss on investment and equity securities 5,822,854 986,399  
Realized loss on securities   395,181  
Realized gain on sale of digital assets (426,250)    
Proceeds from securities   1,428,050  
Change in operating assets and liabilities      
Prepaid expenses and other assets 36,473 280,208  
Advances (repayments) to related party (12,659) 252,580  
Accounts payable and accrued expenses 111,486 (136,430)  
Stablecoin   (500,000)  
Mining of digital assets (2,090,851)    
Proceeds from sale of digital assets 1,455,141    
Lease liability payments (22,243) (30,242)  
Deferred taxes and taxes payable   (326,178)  
Income taxes receivable   (143,822)  
Net cash used in operating activities (1,092,471) (528,304)  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (263,596)    
Investment in note receivable   (310,000)  
Collection of note receivable 1,644,834    
Investment in digital assets (35,157)    
Proceeds from sale of purchased digital assets 33,675    
Deposits for mining equipment (923,687) (7,118,572)  
Net cash provided by (used in) investing activities 460,764 (7,437,070)  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Insurance financing repayments (178,620) (57,344)  
Insurance financing 1,227    
Net cash used in financing activities (177,393) (57,344)  
NET DECREASE IN CASH (809,100) (8,022,718)  
CASH - BEGINNING OF YEAR 4,238,006 32,559,185 $ 32,559,185
CASH - END OF YEAR 3,428,906 24,536,467 $ 4,238,006
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES      
ROU assets and operating lease obligation recognized 21,887 300,787  
Reclassification of mining equipment deposit to fixed assets, net 54,874    
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)  
Special Product [Member]      
CASH FLOWS FROM INVESTING ACTIVITIES:      
Net collections of finance receivables $ 4,695 $ (1,948)  

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