XML 40 R31.htm IDEA: XBRL DOCUMENT
v3.23.1

DESCRIPTION OF BUSINESS (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2022
Accounting Policies [Abstract] |
Schedule of condensed consolidated statements of operations and comprehensive loss |
Schedule of condensed consolidated statements of operations and comprehensive loss |  |  |  |  |  |  |  |  |  |  |  |
|  | For the Three Months Ended |
|  | September 30, 2021 |
|  | As Reported |  |  | Adjustment |  |  | As Restated |
Revenue |  | $ | 7,803,000 |  |  | $ | - |  |  | $ | 7,803,000 |
Revenue, cryptocurrency mining, net |  |  | 272,000 |  |  |  |  |  |  |  | 272,000 |
Revenue, lending and trading activities |  |  | (38,869,000 | ) |  |  |  |  |  |  | (38,869,000 | )
Total revenue |  |  | (30,794,000 | ) |  |  | - |  |  |  | (30,794,000 | )
Cost of revenue, products |  |  | 5,011,000 |  |  |  |  |  |  |  | 5,011,000 |
Cost of revenue, cryptocurrency mining |  |  | 260,000 |  |  |  |  |  |  |  | 260,000 |
Total cost of revenue |  |  | 5,271,000 |  |  |  |  |  |  |  | 5,271,000 |
Gross profit |  |  | (36,065,000 | ) |  |  | - |  |  |  | (36,065,000 | )
Operating expenses |  |  |  |  |  |  |  |  |  |  |  |
Research and development |  |  | 524,000 |  |  |  |  |  |  |  | 524,000 |
Selling and marketing |  |  | 1,993,000 |  |  |  |  |  |  |  | 1,993,000 |
General and administrative |  |  | 11,292,000 |  |  |  |  |  |  |  | 11,292,000 |
Total operating expenses |  |  | 13,809,000 |  |  |  | - |  |  |  | 13,809,000 |
Loss from operations |  |  | (49,874,000 | ) |  |  |  |  |  |  | (49,874,000 | )
Other income (expenses) |  |  |  |  |  |  |  |  |  |  |  |
Interest and other income |  |  | 125,000 |  |  |  |  |  |  |  | 125,000 |
Change in fair value of equity securities, related party |  |  | - |  |  |  | (4,849,000 | ) |  |  | (4,849,000 | )
Accretion of discount on note receivable, related party |  |  | 4,210,000 |  |  |  |  |  |  |  | 4,210,000 |
Interest expense |  |  | (140,000 | ) |  |  |  |  |  |  | (140,000 | )
Change in fair value of marketable equity securities |  |  | (750,000 | ) |  |  |  |  |  |  | (750,000 | )
Realized gain on marketable securities |  |  | 30,000 |  |  |  |  |  |  |  | 30,000 |
Change in fair value of warrant liability |  |  | 259,000 |  |  |  |  |  |  |  | 259,000 |
Total other income (expenses), net |  |  | 3,734,000 |  |  |  | (4,849,000 | ) |  |  | (1,115,000 | )
Loss before income taxes |  |  | (46,140,000 | ) |  |  | (4,849,000 | ) |  |  | (50,989,000 | )
Income tax provision |  |  | 3,366,000 |  |  |  |  |  |  |  | 3,366,000 |
Net loss |  |  | (42,774,000 | ) |  |  | (4,849,000 | ) |  |  | (47,623,000 | )
Net income attributable to non-controlling interest |  |  | (96,000 | ) |  |  |  |  |  |  | (96,000 | )
Net loss attributable to Ault Alliance, Inc. |  |  | (42,870,000 | ) |  |  | (4,849,000 | ) |  |  | (47,719,000 | )
Preferred dividends |  |  | (4,000 | ) |  |  |  |  |  |  | (4,000 | )
Net loss available to common stockholders |  | $ | (42,874,000 | ) |  | $ | (4,849,000 | ) |  | $ | (47,723,000 | )
Basic net income (loss) per common share |  | $ | (0.73 | ) |  |  |  |  |  | $ | (0.81 | )
Diluted net income (loss) per common share |  | $ | (0.73 | ) |  |  |  |  |  | $ | (0.81 | )
Weighted average basic common shares outstanding |  |  | 58,987,000 |  |  |  |  |  |  |  | 58,987,000 |
Weighted average diluted common shares outstanding |  |  | 58,987,000 |  |  |  |  |  |  |  | 58,987,000 |
Comprehensive loss |  |  |  |  |  |  |  |  |  |  |  |
Net loss available to common stockholders |  | $ | (42,874,000 | ) |  | $ | (4,849,000 | ) |  | $ | (47,723,000 | )
Other comprehensive income (loss) |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustment |  |  | (182,000 | ) |  |  |  |  |  |  | (182,000 | )
Net unrealized gain on derivative securities of related party |  |  | (4,849,000 | ) |  |  | 4,849,000 |  |  |  | - |
Other comprehensive (loss) income |  |  | (5,031,000 | ) |  |  | 4,849,000 |  |  |  | (182,000 | )
Total comprehensive loss |  | $ | (47,905,000 | ) |  | $ | - |  |  | $ | (47,905,000 | )
|  | For the Nine Months Ended |
|  | September 30, 2021 |
|  | As Reported |  |  | Adjustment |  |  | As Restated |
Revenue |  | $ | 24,272,000 |  |  | $ | - |  |  | $ | 24,272,000 |
Revenue, cryptocurrency mining, net |  |  | 693,000 |  |  |  |  |  |  |  | 693,000 |
Revenue, lending and trading activities |  |  | 19,615,000 |  |  |  |  |  |  |  | 19,615,000 |
Total revenue |  |  | 44,580,000 |  |  |  | - |  |  |  | 44,580,000 |
Cost of revenue, products |  |  | 16,011,000 |  |  |  |  |  |  |  | 16,011,000 |
Cost of revenue, cryptocurrency mining |  |  | 646,000 |  |  |  |  |  |  |  | 646,000 |
Total cost of revenue |  |  | 16,657,000 |  |  |  |  |  |  |  | 16,657,000 |
Gross profit |  |  | 27,923,000 |  |  |  | - |  |  |  | 27,923,000 |
Operating expenses |  |  |  |  |  |  |  |  |  |  |  |
Research and development |  |  | 1,657,000 |  |  |  |  |  |  |  | 1,657,000 |
Selling and marketing |  |  | 4,740,000 |  |  |  |  |  |  |  | 4,740,000 |
General and administrative |  |  | 24,376,000 |  |  |  |  |  |  |  | 24,376,000 |
Total operating expenses |  |  | 30,773,000 |  |  |  | - |  |  |  | 30,773,000 |
Loss from operations |  |  | (2,850,000 | ) |  |  |  |  |  |  | (2,850,000 | )
Other income (expenses) |  |  |  |  |  |  |  |  |  |  |  |
Interest and other income |  |  | 176,000 |  |  |  |  |  |  |  | 176,000 |
Change in fair value of equity securities, related party |  |  | - |  |  |  | (7,773,000 | ) |  |  | (7,773,000 | )
Accretion of discount on note receivable, related party |  |  | 4,210,000 |  |  |  |  |  |  |  | 4,210,000 |
Interest expense |  |  | (475,000 | ) |  |  |  |  |  |  | (475,000 | )
Change in fair value of marketable equity securities |  |  | (705,000 | ) |  |  |  |  |  |  | (705,000 | )
Gain on extinguishment of debt |  |  | 929,000 |  |  |  |  |  |  |  | 929,000 |
Realized gain on marketable securities |  |  | 428,000 |  |  |  |  |  |  |  | 428,000 |
Change in fair value of warrant liability |  |  | (130,000 | ) |  |  |  |  |  |  | (130,000 | )
Total other income (expenses), net |  |  | 4,433,000 |  |  |  | (7,773,000 | ) |  |  | (3,340,000 | )
Loss before income taxes |  |  | 1,583,000 |  |  |  | (7,773,000 | ) |  |  | (6,190,000 | )
Income tax provision |  |  | (144,000 | ) |  |  |  |  |  |  | (144,000 | )
Net loss |  |  | 1,439,000 |  |  |  | (7,773,000 | ) |  |  | (6,334,000 | )
Net income attributable to non-controlling interest |  |  | (93,000 | ) |  |  |  |  |  |  | (93,000 | )
Net loss attributable to Ault Alliance, Inc. |  |  | 1,346,000 |  |  |  | (7,773,000 | ) |  |  | (6,427,000 | )
Preferred dividends |  |  | (13,000 | ) |  |  |  |  |  |  | (13,000 | )
Net loss available to common stockholders |  | $ | 1,333,000 |  |  | $ | (7,773,000 | ) |  | $ | (6,440,000 | )
Basic net income (loss) per common share |  | $ | 0.03 |  |  |  |  |  |  | $ | (0.13 | )
Diluted net income (loss) per common share |  | $ | 0.03 |  |  |  |  |  |  | $ | (0.13 | )
Weighted average basic common shares outstanding |  |  | 49,714,000 |  |  |  |  |  |  |  | 49,714,000 |
Weighted average diluted common shares outstanding |  |  | 50,145,000 |  |  |  |  |  |  |  | 49,714,000 |
Comprehensive loss |  |  |  |  |  |  |  |  |  |  |  |
Net loss available to common stockholders |  | $ | 1,333,000 |  |  | $ | (7,773,000 | ) |  | $ | (6,440,000 | )
Other comprehensive income (loss) |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustment |  |  | (141,000 | ) |  |  |  |  |  |  | (141,000 | )
Net unrealized gain on derivative securities of related party |  |  | (7,773,000 | ) |  |  | 7,773,000 |  |  |  | - |
Other comprehensive (loss) income |  |  | (7,914,000 | ) |  |  | 7,773,000 |  |  |  | (141,000 | )
Total comprehensive loss |  | $ | (6,581,000 | ) |  | $ | - |  |  | $ | (6,581,000 | )
Schedule of condensed consolidated statements of changes in stockholders’ equity |
Schedule of condensed consolidated statements of changes in stockholders’ equity |  |  |  |  |  |  |  |  |  |  |  |
|  | January 1, 2021 |
|  | As Reported |  |  | Adjustment |  |  | As Restated |
STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  | $ | 28,000 |  |  | $ | - |  |  | $ | 28,000 |
Additional paid-in capital |  |  | 171,396,000 |  |  |  |  |  |  |  | 171,396,000 |
Accumulated deficit |  |  | (121,396,000 | ) |  |  | (933,000 | ) |  |  | (122,329,000 | )
Accumulated other comprehensive loss |  |  | (1,718,000 | ) |  |  | 933,000 |  |  |  | (785,000 | )
TOTAL AULT ALLIANCE STOCKHOLDERS’ EQUITY |  |  | 48,310,000 |  |  |  | - |  |  |  | 48,310,000 |
Non-controlling interest |  |  | 822,000 |  |  |  |  |  |  |  | 822,000 |
TOTAL STOCKHOLDERS’ EQUITY |  | $ | 49,132,000 |  |  | $ | - |  |  | $ | 49,132,000 |
|  | July 1, 2021 |
|  | As Reported |  |  | Adjustment |  |  | As Restated |
STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  | $ | 56,000 |  |  | $ | - |  |  | $ | 56,000 |
Additional paid-in capital |  |  | 311,759,000 |  |  |  |  |  |  |  | 311,759,000 |
Accumulated deficit |  |  | (77,190,000 | ) |  |  | (3,857,000 | ) |  |  | (81,047,000 | )
Accumulated other comprehensive loss |  |  | (4,600,000 | ) |  |  | 3,857,000 |  |  |  | (743,000 | )
TOTAL AULT ALLIANCE STOCKHOLDERS’ EQUITY |  |  | 230,025,000 |  |  |  | - |  |  |  | 230,025,000 |
Non-controlling interest |  |  | 1,364,000 |  |  |  |  |  |  |  | 1,364,000 |
TOTAL STOCKHOLDERS’ EQUITY |  | $ | 231,389,000 |  |  | $ | - |  |  | $ | 231,389,000 |
|  | September 30, 2021 |
|  | As Reported |  |  | Adjustment |  |  | As Restated |
STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  | $ | 63,000 |  |  | $ | - |  |  | $ | 63,000 |
Additional paid-in capital |  |  | 331,886,000 |  |  |  |  |  |  |  | 331,886,000 |
Accumulated deficit |  |  | (120,066,000 | ) |  |  | (8,706,000 | ) |  |  | (128,772,000 | )
Accumulated other comprehensive loss |  |  | (9,631,000 | ) |  |  | 8,706,000 |  |  |  | (925,000 | )
Treasury stock, at cost |  |  | (2,773,000 | ) |  |  |  |  |  |  | (2,773,000 | )
TOTAL AULT ALLIANCE STOCKHOLDERS’ EQUITY |  |  | 199,479,000 |  |  |  | - |  |  |  | 199,479,000 |
Non-controlling interest |  |  | 1,502,000 |  |  |  |  |  |  |  | 1,502,000 |
TOTAL STOCKHOLDERS’ EQUITY |  | $ | 200,981,000 |  |  | $ | - |  |  | $ | 200,981,000 |
Schedule of Condensed Consolidated Statements of Cash Flows |
Schedule of Condensed Consolidated Statements of Cash Flows |  |  |  |  |  |  |  |  |  |  |  |
|  | For the Nine Months Ended |
|  | September 30, 2021 |
|  | As Reported |  |  | Adjustment |  |  | As Restated |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 1,439,000 |  |  | $ | (7,773,000 | ) |  | $ | (6,334,000 | )
Adjustments to reconcile net income to net cash used in operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  |  | 1,713,000 |  |  |  |  |  |  |  | 1,713,000 |
Interest expense – debt discount |  |  | 61,000 |  |  |  |  |  |  |  | 61,000 |
Gain on extinguishment of debt |  |  | (929,000 | ) |  |  |  |  |  |  | (929,000 | )
Change in fair value of warrant liability |  |  | (259,000 | ) |  |  |  |  |  |  | (259,000 | )
Accretion of original issue discount on notes receivable – related party |  |  | (4,213,000 | ) |  |  |  |  |  |  | (4,213,000 | )
Accretion of original issue discount on notes receivable |  |  | (366,000 | ) |  |  |  |  |  |  | (366,000 | )
Increase in accrued interest on notes receivable – related party |  |  | (119,000 | ) |  |  |  |  |  |  | (119,000 | )
Stock-based compensation |  |  | 4,732,000 |  |  |  |  |  |  |  | 4,732,000 |
Realized gains on sale of marketable securities |  |  | (15,154,000 | ) |  |  |  |  |  |  | (15,154,000 | )
Unrealized losses on marketable securities |  |  | 6,353,000 |  |  |  |  |  |  |  | 6,353,000 |
Unrealized losses (gains) on equity securities, related parties |  |  | (6,150,000 | ) |  |  | 7,773,000 |  |  |  | 1,623,000 |
Unrealized gains on equity securities |  |  | (2,795,000 | ) |  |  |  |  |  |  | (2,795,000 | )
Changes in operating assets and liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Marketable equity securities |  |  | (34,196,000 | ) |  |  |  |  |  |  | (34,196,000 | )
Accounts receivable |  |  | (1,270,000 | ) |  |  |  |  |  |  | (1,270,000 | )
Accrued revenue |  |  | (166,000 | ) |  |  |  |  |  |  | (166,000 | )
Inventories |  |  | (492,000 | ) |  |  |  |  |  |  | (492,000 | )
Prepaid expenses and other current assets |  |  | (5,155,000 | ) |  |  |  |  |  |  | (5,155,000 | )
Other assets |  |  | (407,000 | ) |  |  |  |  |  |  | (407,000 | )
Accounts payable and accrued expenses |  |  | (1,082,000 | ) |  |  |  |  |  |  | (1,082,000 | )
Other current liabilities |  |  | 2,210,000 |  |  |  |  |  |  |  | 2,210,000 |
Lease liabilities |  |  | (666,000 | ) |  |  |  |  |  |  | (666,000 | )
Net cash used in operating activities |  | $ | (56,911,000 | ) |  | $ | - |  |  | $ | (56,911,000 | )

X
- References No definition available. + Details
Name: | ault_ScheduleOfCondensedConsolidatedStatementsOfCashFlowsTableTextBlock
Namespace Prefix: | ault_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ault_ScheduleOfCondensedConsolidatedStatementsOfChangesInStockholdersEquityTableTextBlock
Namespace Prefix: | ault_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ault_ScheduleOfCondensedConsolidatedStatementsOfOperationsAndComprehensiveLossTableTextBlock
Namespace Prefix: | ault_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration