Annual report pursuant to Section 13 and 15(d)

Consolidated Statement of Changes in Stockholders' Equity

v3.22.1
Consolidated Statement of Changes in Stockholders' Equity - USD ($)
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Noncontrolling Interest [Member]
Total
Beginning balance, value at Dec. 31, 2019 $ 8,016 $ 26,259,576 $ (18,495,462) $ (317,698) $ 7,454,432
Beginning balance, shares at Dec. 31, 2019 8,015,756        
Issuance of common stock to note holders   $ 1,284 2,541,174     2,542,458
Issuance of common stock to note holders, shares   1,284,396        
Issuance of common stock – divestiture   $ 150 404,850     405,000
Issuance of common stock for divestiture, shares   150,000        
Returned common stock from noteholder   $ (153) 153    
Returned common stock from noteholder, shares   (153,005)        
Issuance of common stock to employees   $ 250 54,950     55,200
Issuance of common stock to employees, shares   250,000        
Issuance of common stock to consultants   $ 1,299 2,415,031     2,416,330
Issuance of common stock to consultants, shares   1,298,874        
Issuance of common stock – joint venture   $ 300 698,700     699,000
Issuance of common stock - joint venture, shares   300,000        
Issuance of preferred stock - Acquisitions $ 765 1,276,147     1,276,912
Issuance of preferred stock - Acquisitions, shares 764,618          
Issuance of common stock related to acquisitions   $ 2,210 3,689,127     3,691,338
Issuance of common stock - acquisitions, shares   2,210,382        
Conversion option   $ 990 (990)    
Conversion option, shares   990,000        
Issuance of warrants - note holders     852,277     852,277
Exercise of warrants – note holders   $ 125 249,875     250,000
Exercise of warrants - note holders, shares   125,000        
Stock-based compensation     609,390     609,390
Divestiture of Cloud B Inc.         (26,392) (26,392)
Distributions         (995,425) (995,425)
Net loss       (5,153,436) (554,382) (5,707,818)
Ending balance, value at Dec. 31, 2020 $ 765 $ 14,471 39,050,260 (23,648,898) (1,893,897) 13,522,701 [1]
Ending balance, shares at Dec. 31, 2020 764,618 14,471,403        
Issuance of common stock to note holders $ 304 422,368 422,672
Issuance of common stock to note holders, shares   303,483        
Issuance of common stock to investors $ 2,507 6,052,493 6,055,000
Issuance of common stock to investors, shares   2,507,194        
Issuance of common stock to employees $ 7,968 26,829,504 26,837,472
Issuance of common stock to employees, shares   7,967,937        
Issuance of common stock to consultants $ 2,436 4,875,808 4,878,244
Issuance of common stock to consultants, shares   2,435,522        
Issuance of common stock upon exercise of warrants $ 104,430 262,396,233 $ 262,500,663
Issuance of common stock upon exercise of warrants, shares   104,430,483       104,430,483
Conversions under notes payable $ 13,337 39,596,420 $ 39,609,757
Conversion under notes payable, shares   13,337,384        
Exercise of warrant liabilities 463,540,305 463,540,305
Issuance of common stock related to acquisitions $ 3,500 10,131,500 10,135,000
Issuance of common stock - acquisitions, shares   3,500,000        
Stock-based compensation 9,971,859 1,862,023 11,833,882
Conversion of preferred stock to common stock $ (765) $ 765  
Conversion of preferred stock to common stock, shares (764,618) 764,618        
Repurchase of shares of commons stock $ (600) (1,643,400) (1,644,000)
Repurchase of shares of commons stock, shares   (600,000)        
Shares reserved for future issuance of common stock as consideration for the Emmersive asset acquisition 7,400,000 7,400,000
Shares reserved for future issuance of common stock as consideration, shares          
Noncontrolling interest   27,441,251 27,441,251
Loss on noncontrolling interests (892,666) (892,666)
Net loss   (713,172,942) (8,039,914) (721,212,856)
Offering costs upon exercise of warrants (18,525,715) (18,525,715)
Shares issued of common stock as consideration for Emmersive asset acquisiton   $ 1,000 (1,000)
Shares issued of common stock as consideration for Emmersive asset acquisiton, shares   1,000,000        
Ending balance, value at Dec. 31, 2021 $ 150,118 $ 850,096,635 $ (736,821,840) $ 20,262,129 $ 133,687,042 [1]
Ending balance, shares at Dec. 31, 2021 150,118,024        
[1] The assets of the variable interest entities (the “VIEs”) can be used to settle obligations of the consolidated entities. Conversely, liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company’s general assets (Note 4).