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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables) | 3 Months Ended
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Mar. 31, 2021
Fair Value Disclosures [Abstract] |
Schedule of fair value measurement | The categorization of a financial instrument within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The following table sets forth the Company’s financial instruments that were measured at fair value on a recurring basis by level within the fair value hierarchy:
|  | Fair Value Measurement at March 31, 2021 |
|  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Investments in convertible and term promissory notes of AVLP and Ault & Company – related parties |  | $ | 13,467,783 |  |  | $ | — |  |  | $ | — |  |  | $ | 13,467,783 |
Investments in common stock and derivative instruments of AVLP – a related party |  |  | 10,335,348 |  |  |  | 819,324 |  |  |  | — |  |  |  | 9,516,024 |
Investment in common stock and warrants of Alzamend – a related party |  |  | 4,487,091 |  |  |  | — |  |  |  | — |  |  |  | 4,487,091 |
Investments in marketable equity securities |  |  | 18,153,863 |  |  |  | 18,153,863 |  |  |  | — |  |  |  | — |
Securities purchased under agreement to resell |  |  | 33,647,059 |  |  |  | 33,647,059 |  |  |  |  |  |  |  |  |
Investments in debt and equity securities |  |  | 2,320,539 |  |  |  | — |  |  |  | 506,574 |  |  |  | 1,813,965 |
Total Investments |  | $ | 82,411,683 |  |  | $ | 52,620,246 |  |  | $ | 506,574 |  |  | $ | 29,284,863 |
|  | Fair Value Measurement at December 31, 2020 |
|  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Investments in convertible promissory notes and advances of AVLP and Alzamend – related parties |  | $ | 10,668,470 |  |  | $ | — |  |  | $ | — |  |  | $ | 10,668,470 |
Investments in common stock and derivative instruments of AVLP – a related party |  |  | 5,486,140 |  |  |  | 499,588 |  |  |  | — |  |  |  | 4,986,552 |
Investment in common stock and warrants of Alzamend – a related party |  |  | 653,251 |  |  |  | — |  |  |  | — |  |  |  | 653,251 |
Investments in marketable equity securities |  |  | 2,562,983 |  |  |  | 2,562,983 |  |  |  | — |  |  |  | — |
Investments in debt and equity securities |  |  | 261,767 |  |  |  | — |  |  |  | — |  |  |  | 261,767 |
Total Investments |  | $ | 19,632,611 |  |  | $ | 3,062,571 |  |  | $ | — |  |  | $ | 16,570,040 |
Schedule of summarizes the changes in investments | The following table summarizes the changes in investments in debt and equity securities measured and carried at fair value on a recurring basis with the use of significant unobservable inputs (Level 3) for the three months ended March 31, 2021:
|  | Investments in |
|  | debt and equity |
|  | securities |
Balance at January 1, 2021 |  | $ | 261,767 |
Investment in convertible promissory notes |  |  | 500,000 |
Investment in warrants |  |  | 1,000,000 |
Change in fair value of warrants |  |  | 57,560 |
Accretion of discount |  |  | 52,198 |
Balance at March 31, 2021 |  | $ | 2,320,539

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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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- Definition The entire disclosure for the information summarizing investments in and advances to majority-owned subsidiaries, other controlled companies, and other affiliates. It reflects specified information about ownership, financial results from, and financial position in such entities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2324412 + Details
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