INVESTMENTS – RELATED PARTIES (Tables)
|
6 Months Ended |
Jun. 30, 2022 |
|---|
| Investments Related Parties |
|
| Schedule of investment |
| Schedule of investment | |
| |
| |
| | | |
| | |
| | |
Interest | |
Due | |
June 30, | | |
December 31, | |
| | |
rate | |
date | |
2022 | | |
2021 | |
| Investment in promissory note of Ault & Company | |
8% | |
December 31, 2022 | |
$ | 2,500,000 | | |
$ | 2,500,000 | |
| Accrued interest receivable, Ault & Company | |
| |
| |
| 270,000 | | |
| 170,000 | |
| Other | |
| |
| |
| - | | |
| 172,000 | |
| Total investment in promissory note, related party | |
| |
| |
$ | 2,770,000 | | |
$ | 2,842,000 | |
|
| Schedule of investments in Alzamend and Ault |
| Schedule of investments in Alzamend and Ault | |
| | | |
| | |
| | |
Investment in
warrants and
common stock of
Alzamend | | |
Investment in
promissory notes of
Ault & Company | |
| Balance at January 1, 2022 | |
$ | 13,230,000 | | |
$ | 2,842,000 | |
| Investment in common stock and options of Alzamend | |
| 4,663,000 | | |
| - | |
| Unrealized loss in common stock of Alzamend | |
| (9,048,000 | ) | |
| - | |
| Amortization of related party investment | |
| - | | |
| (173,000 | ) |
| Accrued interest | |
| - | | |
| 101,000 | |
| Balance at June 30, 2022 | |
$ | 8,845,000 | | |
$ | 2,770,000 | |
|
| Schedule of investments in Alzamend common stock |
| Schedule of investments in Alzamend common stock | |
| | | |
| | | |
| | |
| | |
Shares of | | |
Per Share | | |
Investment in | |
| | |
Common Stock | | |
Price | | |
Common Stock | |
| Balance at January 1, 2022 | |
| 6,947,000 | | |
$ | 1.90 | | |
$ | 13,230,000 | |
| March 9, 2021 securities purchase agreement* | |
| 2,667,000 | | |
$ | 1.50 | | |
| 4,000,000 | |
| Open market purchases after initial public offering | |
| 618,000 | | |
$ | 1.07 | | |
| 663,000 | |
| Unrealized loss in common stock of Alzamend | |
| | | |
| | | |
| (9,048,000 | ) |
| Balance at June 30, 2022 | |
| 10,232,000 | | |
$ | 0.86 | | |
$ | 8,845,000 | |
| * | | Pursuant to the March 9, 2021 securities purchase
agreement, in aggregate, Alzamend agreed to sell up to 6,666,667 shares of its common stock to DP Lending for $10.0 million, or $1.50
per share, and issue to DP Lending warrants to acquire 3,333,334 shares of Alzamend common stock with an exercise price of $3.00 per
share. As of December 31, 2021, DP Lending funded $6.0 million, including the conversion of notes and advances of $0.8 million, and the
remaining $4.0 million was funded upon Alzamend achieving certain milestones during the three months ended June 30, 2022. |
|