XML 79 R66.htm IDEA: XBRL DOCUMENT v3.23.1
DESCRIPTION OF BUSINESS (Details 1) - USD ($)
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Product Information [Line Items]    
Total revenue $ 52,400,000 $ 23,871,000
Cost of revenue 23,858,000 16,357,000
Gross profit 28,542,000 7,514,000
Operating expenses    
Research and development 2,041,000 1,849,000
Selling and marketing 7,773,000 1,177,000
General and administrative 36,686,000 12,521,000
Benefit for credit losses   (2,000,000)
Total operating expenses 46,903,000 13,547,000
Loss from continuing operations (18,361,000) (6,033,000)
Other income (expenses)    
Interest and other income 808,000 105,000
Change in fair value of equity securities, related party (7,773,000) 3,312,000
Interest expense (1,871,000) (9,648,000)
Change in fair value of marketable equity securities (1,327,000) 919,000
Gain (loss) on extinguishment of debt 929,000 (18,706,000)
Change in fair value of warrant liability (542,000) (49,000)
Total other income (expenses), net (4,547,000) (24,067,000)
Loss from continuing operations before income taxes (22,908,000) (30,100,000)
Income tax (provision) benefit (130,000) 24,000
Net loss from continuing operations (23,038,000) (30,076,000)
Net income from discontinued operations, net of taxes 661,000
Net loss (23,038,000) (29,415,000)
Net loss attributable to non-controlling interest (213,000)
Net loss attributable to Ault Alliance (23,251,000) (29,415,000)
Preferred dividends (18,000) (18,000)
Net loss available to common stockholders $ (23,269,000) $ (29,433,000)
Basic and diluted net loss per common share:    
Continuing operations $ (0.42) $ (3.13)
Discontinued operations 0.00 0.07
Net loss per common share $ (0.42) $ (3.06)
Weighted average common shares outstanding, basic and diluted 55,444,000 9,606,000
Other comprehensive income    
Foreign currency translation adjustment $ 85,000 $ 482,000
Net unrealized gain (loss) on derivative securities of related party
Total comprehensive loss (22,590,000) (28,951,000)
Impairment of mined cryptocurrency 403,000
Accretion of discount on note receivable, related party 4,210,000  
Impairment of debt securities, net (594,000)  
Realized gain on marketable securities 1,924,000
Loss from equity investment (311,000)
Impairment of debt securities 594,000
Previously Reported [Member]    
Product Information [Line Items]    
Total revenue 52,400,000 23,871,000
Cost of revenue 23,858,000 16,357,000
Gross profit 28,542,000 7,514,000
Operating expenses    
Research and development 2,041,000 1,849,000
Selling and marketing 7,773,000 1,177,000
General and administrative 36,686,000 12,521,000
Benefit for credit losses   (2,000,000)
Total operating expenses 46,903,000 13,547,000
Loss from continuing operations (18,361,000) (6,033,000)
Other income (expenses)    
Interest and other income 808,000 105,000
Change in fair value of equity securities, related party
Interest expense (1,871,000) (9,648,000)
Change in fair value of marketable equity securities (1,327,000) 919,000
Gain (loss) on extinguishment of debt 929,000 (18,706,000)
Change in fair value of warrant liability (542,000) (49,000)
Total other income (expenses), net (5,480,000) (27,379,000)
Loss from continuing operations before income taxes (23,841,000) (33,412,000)
Income tax (provision) benefit (130,000) 24,000
Net loss from continuing operations (23,971,000) (33,388,000)
Net income from discontinued operations, net of taxes 661,000
Net loss (23,971,000) (32,727,000)
Net loss attributable to non-controlling interest (213,000)
Net loss attributable to Ault Alliance (24,184,000) (32,727,000)
Preferred dividends (18,000) (18,000)
Net loss available to common stockholders $ (24,202,000) $ (32,745,000)
Basic and diluted net loss per common share:    
Continuing operations $ (0.44) $ (3.48)
Discontinued operations 0.00 0.07
Net loss per common share $ (0.44) $ (3.41)
Weighted average common shares outstanding, basic and diluted 55,444,000 9,606,000
Other comprehensive income    
Foreign currency translation adjustment $ 85,000 $ 482,000
Net unrealized gain (loss) on derivative securities of related party (7,773,000) 3,312,000
Total comprehensive loss (22,590,000) (28,951,000)
Impairment of mined cryptocurrency 403,000  
Accretion of discount on note receivable, related party  
Impairment of debt securities, net (5,090,000)  
Realized gain on marketable securities 1,924,000  
Loss from equity investment (311,000)  
Impairment of debt securities 9,300,000  
Revision of Prior Period, Adjustment [Member]    
Product Information [Line Items]    
Total revenue
Gross profit
Operating expenses    
Total operating expenses
Other income (expenses)    
Change in fair value of equity securities, related party (7,773,000) 3,312,000
Total other income (expenses), net 933,000 3,312,000
Loss from continuing operations before income taxes 933,000 3,312,000
Net loss from continuing operations 933,000 3,312,000
Net loss 933,000 3,312,000
Net loss attributable to Ault Alliance 933,000 3,312,000
Net loss available to common stockholders 933,000 3,312,000
Other comprehensive income    
Foreign currency translation adjustment
Net unrealized gain (loss) on derivative securities of related party 7,773,000 (3,312,000)
Total comprehensive loss
Accretion of discount on note receivable, related party 4,210,000  
Impairment of debt securities, net 4,496,000  
Impairment of debt securities (8,706,000)  
Revenue [Member]    
Product Information [Line Items]    
Total revenue 32,096,000 23,629,000
Revenue [Member] | Previously Reported [Member]    
Product Information [Line Items]    
Total revenue 32,096,000 23,629,000
Revenue [Member] | Revision of Prior Period, Adjustment [Member]    
Product Information [Line Items]    
Total revenue
Lending And Trading Activities [Member]    
Product Information [Line Items]    
Total revenue 16,854,000 242,000
Lending And Trading Activities [Member] | Previously Reported [Member]    
Product Information [Line Items]    
Total revenue 16,854,000 $ 242,000
Revenue Cryptocurrency Mining [Member]    
Product Information [Line Items]    
Total revenue 3,450,000  
Revenue Cryptocurrency Mining [Member] | Previously Reported [Member]    
Product Information [Line Items]    
Total revenue $ 3,450,000