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v3.21.1

Investments Measured at Fair Value (Tables) | 3 Months Ended
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Mar. 31, 2021
Schedule of Financial Assets Measured at Fair Value on a Recurring Basis | Financial assets measured at fair value on a recurring basis are summarized below and disclosed on the consolidated balance sheet as of March 31, 2021 and December 31, 2020:
|  | Amount at |  |  | Fair Value Measurement Using |  |  | Amount at |
|  | Cost |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Fair Value |
March 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment Securities- Fair Value |  | $ | 14,134,540 |  |  | $ | 17,923,989 |  |  | $ | - |  |  | $ | - |  |  | $ | 17,923,989 |
Investment Securities- Trading |  |  | 2,457,162 |  |  |  | 2,468,809 |  |  |  | - |  |  |  | - |  |  |  | 2,468,809 |
Convertible Preferred Stock |  |  | 42,889,000 |  |  |  | - |  |  |  | - |  |  |  | 29,430,000 |  |  |  | 29,430,000 |
Convertible Note Receivable |  |  | 138,599 |  |  |  | - |  |  |  | - |  |  |  | 153,590 |  |  |  | 153,590 |
Warrants - American Premium Water |  |  | 860,342 |  |  |  | - |  |  |  | - |  |  |  | 2,188,264 |  |  |  | 2,188,264 |
Warrants - AMRE |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total Investment in securities at Fair Value |  | $ | 60,479,643 |  |  | $ | 20,392,798 |  |  | $ | - |  |  | $ | 31,771,854 |  |  | $ | 52,164,652 |
|  | Amount at |  |  | Fair Value Measurement Using |  |  | Amount at |
|  | Cost |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Fair Value |
December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment securities- Fair Value Option |  | $ | 7,404,911 |  |  | $ | 10,549,102 |  |  | $ | - |  |  | $ | - |  |  | $ | 10,549,102 |
Investment securities- Trading |  |  | 17,650 |  |  |  | 18,654 |  |  |  | - |  |  |  | - |  |  |  | 18,654 |
Convertible preferred stock |  |  | 42,889,000 |  |  |  | - |  |  |  | - |  |  |  | 37,675,000 |  |  |  | 37,675,000 |
Convertible note receivable |  |  | 50,000 |  |  |  | - |  |  |  | - |  |  |  | 66,978 |  |  |  | 66,978 |
Warrants - American Premium Water |  |  | 860,342 |  |  |  | - |  |  |  | - |  |  |  | 862,723 |  |  |  | 862,723 |
Warrants - AMRE |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Stock Options - Vivacitas |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total Investment in securities at Fair Value |  | $ | 51,221,903 |  |  | $ | 10,567,756 |  |  | $ | - |  |  | $ | 38,604,701 |  |  | $ | 49,172,457 |
Schedule of Fair Value of Equity Security Investment | The following chart shows details of the fair value of equity security investment at March 31, 2021 and December 31, 2020, respectively.
|  | Share price |  |  |  |  |  | Market Value |  |  |
|  | 3/31/2021 |  |  | Shares |  |  | 3/31/2021 |  |  | Valuation
DSS (Related Party) |  | $ | 3.610 |  |  |  | 1162501 | * |  | $ | 4,196,629 |  |  | Investment in Securities at Fair Value
AMBS (Related Party) |  | $ | 0.011 |  |  |  | 20,000,000 |  |  | $ | 228,000 |  |  | Investment in Securities at Fair Value
Holista (Related Party) |  | $ | 0.049 |  |  |  | 46,226,673 |  |  | $ | 2,285,838 |  |  | Investment in Securities at Fair Value
American Premium Water (Related Party) |  | $ | 0.008 |  |  |  | 122,039,000 |  |  | $ | 1,025,128 |  |  | Investment in Securities at Fair Value
OptimumBank (Related Party) |  | $ | 3.870 |  |  |  | 92,980 |  |  | $ | 359,833 |  |  | Investment in Securities at Fair Value
True Partners |  | $ | 0.158 |  |  |  | 62,122,908 |  |  | $ | 9,828,563 |  |  | Investment in Securities at Fair Value
Trading Stocks |  |  |  |  |  |  |  |  |  | $ | 2,468,809 |  |  | Investment in Securities at Fair Value
|  |  | Total Level 1 Equity Securities |  | $ | 20,392,798 |  |  |
Nervotech |  |  | N/A |  |  |  | 1,666 |  |  | $ | 37,826 |  |  | Investment in Securities at Cost
Hyten Global |  |  | N/A |  |  |  | 20,000 |  |  | $ | 42,562 |  |  | Investment in Securities at Cost
K Beauty |  |  | N/A |  |  |  | 3,600 |  |  | $ | 19,609 |  |  | Investment in Securities at Cost
|  |  | Total Equity Securities |  |  | $ | 20,492,795 |  |  |
|  | Share price |  |  |  |  |  | Market Value |  |  |
|  | 12/31/2020 |  |  | Shares |  |  | 12/31/2020 |  |  | Valuation
DSS (Related Party) |  | $ | 6.240 |  |  |  | 1,162,501 | * |  | $ | 7,254,006 |  |  | Investment in Securities at Fair Value
AMBS (Related Party) |  | $ | 0.008 |  |  |  | 20,000,000 |  |  | $ | 160,000 |  |  | Investment in Securities at Fair Value
Holista (Related Party) |  | $ | 0.055 |  |  |  | 46,226,673 |  |  | $ | 2,565,469 |  |  | Investment in Securities at Fair Value
American Premium Water (Related Party) |  | $ | 0.002 |  |  |  | 122,039,000 |  |  | $ | 256,284 |  |  | Investment in Securities at Fair Value
OptimumBank (Related Party) |  | $ | 3.370 |  |  |  | 92,980 |  |  | $ | 313,343 |  |  | Investment in Securities at Fair Value
Trading Stocks |  |  |  |  |  |  |  |  |  | $ | 18,654 |  |  | Investment in Securities at Fair Value
|  |  | Total Level 1 Equity Securities |  | $ | 10,567,756 |  |  |
Vivacitas (Related Party) |  |  | N/A |  |  |  | 2,480,000 |  |  | $ | 200,128 |  |  | Investment in Securities at Cost
Nervotech |  |  | N/A |  |  |  | 1,666 |  |  | $ | 37,826 |  |  | Investment in Securities at Cost
Hyten Global |  |  | N/A |  |  |  | 20,000 |  |  | $ | 42,562 |  |  | Investment in Securities at Cost
|  |  | Total Equity Securities |  |  | $ | 10,848,272 |  |  |
* Ratio of 1-for-30 (the “Reverse Split”) was effective at 5:01 p.m. Eastern Time on May 7, 2020 (the “Effective Time”)
DSS Convertible Preferred Stock [Member] |
Schedule of Significant Inputs and Assumptions | The following table shows the parameters adopted in the valuation at the valuation dates.
|  | As of March 31, |  |  | As of December 31, |
|  | 2021 |  |  | 2020 |
Stock price |  | $ | 4.22 |  |  | $ | 6.24 |
Risk-free rate |  |  | 1.64 | % |  |  | 0.93 | %
Volatility |  |  | 109.67 | % |  |  | 113.69 | %
Expected Exit Date |  |  | March 24, 2023 |  |  |  | December 31, 2023 |
Dividend Yield |  |  | 0.00 |  |  |  | 0.00 |
Sharing Services Convertible Note [Member] |
Schedule of Significant Inputs and Assumptions | The fair value of the Sharing Services Convertible Note under level 3 category as of March 31, 2021 and December 31, 2020 was calculated using a Black-Scholes valuation model valued with the following weighted average assumptions:
|  | March 31, 2021 |  |  | December 31, 2020 |
Dividend yield |  |  | 0.00 | % |  |  | 0.00 | %
Expected volatility |  |  | 210.07 | % |  |  | 210.07 | %
Risk free interest rate |  |  | 3.25 | % |  |  | 0.13 | %
Contractual term (in years) |  |  | 1.51 |  |  |  | 1.76 |
Exercise price |  | $ | 0.15 |  |  | $ | 0.15 |
Schedule of Change in Fair Value | The table below provides a summary of the changes in fair value, including net transfers in and/or out of all financial assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the three months ended March 31, 2021 and 2020:
|  | Total |
Balance at January 1, 2021 |  | $ | 66,978 |
Total losses |  |  | (1,987 | )
Balance at March 31, 2021 |  | $ | 64,991 |
|  | Total |
Balance at January 1, 2020 |  | $ | 26,209 |
Total losses |  |  | (12,599 | )
Balance at March 31, 2020 |  | $ | 13,610 |
APW Warrants [Member] |
Schedule of Significant Inputs and Assumptions | The fair value of the APW warrants under level 3 category as of March 31, 2021 and July 17, 2020 was calculated using a Black-Scholes valuation model valued with the following weighted average assumptions:
|  | March 31, 2021 |  |  | December 31, 2020 |
Stock Price |  | $ | 0.0084 |  |  | $ | 0.0021 |
Exercise price |  |  | 0.001 |  |  |  | 0.001 |
Risk free interest rate |  |  | 1.74 | % |  |  | 0.88 | %
Annualized volatility |  |  | 232.10 | % |  |  | 178.86 | %
Year to maturity |  |  | 9.32 |  |  |  | 9.58 |

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