XML 48 R39.htm IDEA: XBRL DOCUMENT v3.23.1
INVESTMENT IN UNCONSOLIDATED ENTITY – AVLP (Tables)
 6 Months Ended
Jun. 30, 2022
Investment In Unconsolidated Entity Avlp  
Schedule of convertible promissory note
           
   Interest rate  Due date  December 31, 2021 
 Investment in convertible promissory note  12%  2022-2026  $17,799,000 
 Investment in promissory note – Alpha Fund  8%  June 30, 2022   3,600,000 
 Accrued interest receivable         2,092,000 
 Other         600,000 
 Total investment in promissory notes, gross         24,091,000 
 Less: provision for loan losses         (2,000,000)
 Total investment in promissory note        $22,091,000 
Schedule ofchanges in the equity investments
               
   Investment in   Investment in     
   warrants and   promissory notes   Total 
   common stock   and advances   investment 
Balance at January 1, 2022  $39,000   $22,091,000   $22,130,000 
Investment in convertible promissory notes   -    2,200,000    2,200,000 
Loss from equity investment   (39,000)   (885,000)   (924,000)
Accrued interest   -    143,000    143,000 
Loss on remeasurement upon conversion   -   (2,700,000)   (2,700,000)
Conversion of AVLP convertible promissory notes   -    (17,040,000)   (17,040,000)
Elimination of intercompany debt after conversion   -    (3,809,000)   (3,809,000)
Balance at June 30, 2022  $-   $-   $-