v3.22.2.2
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Revenues - related party $ 67,500 $ 200,000 $ 202,500 $ 200,000
Costs and expenses        
General and administrative expenses 4,764 7,386 16,060 25,194
Professional fees 10,000 28,579 85,461 69,229
Salaries and wages 10,090 33,851 43,911 106,347
General and administrative expenses - related party 30,000 60,000 90,000
Total operating expenses 24,854 99,816 205,432 290,770
Income (Loss) from operations 42,646 100,184 (2,932) (90,770)
Other income (expense)        
Unrealized gain (loss) on available for sale securities (73,054) 3,090,000 (304,238) 3,069,500
Loss from sale of investment (287)
Net loss allocated from equity method investee (19,608) (43,812) (72,756)
Bad debt expense on note receivable (141,000)   (141,000)
Accreted interest income and interest income on note receivable 3,555 14,739 11,110 37,479
Gain on disposal of non-controlling investment 83,064 83,064
Interest expense (includes amortization of debt discount) (57,507) (58,477) (174,164) (184,978)
Impairment of an investment   (195,000)   (195,000)
Gain on forgiveness of PPP loan 34,759 34,759
Gain on deconsolidation of Krypto Ventures, Inc. 153,907 153,907
Total other income (expense) - net (185,229) 3,020,320 (569,040) 2,842,911
Net Income (loss) (142,583) 3,120,504 (571,972) 2,752,141
Net loss attributable to non-controlling interest (8,204) (12,708)
Net Income (Loss) Income attributable to the Company $ (142,583) $ 3,128,708 $ (571,972) $ 2,764,849
Net Income (Loss) per share - basic $ 0.00 $ 0.14 $ (0.02) $ 0.13
Net Income (Loss) per share - diluted $ 0.00 $ 0.13 $ (0.02) $ 0.13
Weighted average number of shares - basic 21,674,000 21,674,000 21,674,000 21,674,000
Weighted average number of shares - diluted 21,674,000 25,039,133 21,674,000 21,674,000

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