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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

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

X

- 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

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- References

No definition available.

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X

- 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

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