Annual report pursuant to Section 13 and 15(d)

Schedule of Variable Interest Entities (Details)

v3.22.1
Schedule of Variable Interest Entities (Details) - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Oct. 16, 2020
Dec. 31, 2019
Trading Activity, Gains and Losses, Net [Line Items]        
Cash and cash equivalents [1] $ 87,612,176 $ 249,356    
Accounts receivable, net [1] 1,124,421 1,382,163    
Inventory [1] 475,666 1,127,725    
Prepaid expenses and other current assets [1] 10,403,401 522,259    
Due from related party [1] 15,997,803    
Total current assets [1] 219,741,467 5,342,183    
Property and equipment, net [1] 1,376,751 1,010,801    
Intangible assets, net 40,525,453 9,798,812    
Goodwill 121,580,144 [1] 5,983,852 [1] $ 591,729 $ 5,392,123
Total assets [1] 405,142,729 28,028,207    
Accounts payable [1] 6,105,963 3,618,339    
Accrued expenses and other current liabilities [1] 19,330,835 2,101,610    
Line of credit 1,500,953    
Due to related party [1] 15,401 32,452    
Total liabilities [1] 271,455,687 14,505,506    
Revenues, net 9,791,372 12,016,305    
Cost of revenues 7,312,602 9,570,205    
Gross profit 2,478,770 2,446,100    
Selling, general and administrative 78,946,818 10,009,725    
Operating income (80,209,777) (7,563,625)    
Other income, net (32,915)    
Total other (expense) income (635,701,478) (3,297,316)    
Loss before income taxes (715,911,255) (10,860,941)    
Income tax expense 189,501 19,197    
Net (loss) income (721,212,856) (5,707,818)    
Variable Income Interest Rate [Member]        
Trading Activity, Gains and Losses, Net [Line Items]        
Cash and cash equivalents 1,856,017 10,481    
Accounts receivable, net 94,195    
Inventory 240,158    
Prepaid expenses and other current assets 2,388,893    
Due from related party 15,997,803    
Total current assets 20,242,713 344,834    
Property and equipment, net 147,519    
Loans held-for investment 3,100,000    
Loans held-for-investment – related parties 11,500,000    
Intangible assets, net 28,150,048    
Goodwill 116,188,021    
Cost method investment 1,000,000    
Total assets 180,328,301 344,834    
Accounts payable 686,674 217,558    
Accrued expenses and other current liabilities 1,672,492 113,576    
Line of credit 1,133,652    
Notes payable, current 2,650,000 150,000    
Due to related party 315,666 315,666    
Total liabilities 5,324,832 1,930,452    
Revenues, net 307,339 1,571,017    
Cost of revenues 93,685 2,092,167    
Gross profit 213,654 (521,150)    
Selling, general and administrative 14,494,091 413,217    
Operating income (14,280,437) (934,367)    
Other income, net 364,046 (174,396)    
Total other (expense) income (13,916,391) (174,396)    
Loss before income taxes (13,916,391) (47,578)    
Income tax expense    
Net (loss) income $ (13,916,391) $ (1,108,763)    
[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).