Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (unaudited)

v3.21.2
Consolidated Statements of Cash Flows (unaudited) - USD ($)
 9 Months Ended
Oct. 31, 2021
Oct. 31, 2020
Cash flows from operating activities:    
Net (Loss) $ 6,537,000 $ (49,406,000)
Adjustments to reconcile net income (loss) to net    
Stock based compensation 0 49,204,000
Reverse of bad debt (233,000) 0
Realized net gain on investment in cryptocurrency (3,382,000) 144,000
Loss on cryptocurrency impairment 16,000 0
Fair value adjustment to cryptocurrency (4,685,000)  
Amortization and depreciation 63,000 0
Imputed interest 0 11,000
Changes in operating assets and liabilities:    
Accounts receivable, net (114,000) 0
Interest receivable (32,000) (55,000)
Inventory (61,000) 0
Prepaid expenses (72,000) 0
Other assets (4,000) 0
Accounts payable to related party 12,000 (23,000)
Accrued interest 0 4,000
Accounts payable and accrued expenses 93,000 (18,000)
Reserve for legal settlements 0 154,000
Deferred revenue (155,000) 0
Net cash provided by (used in) operating activities (2,017,000) 15,000
Cash flows from investing activities:    
Acquisition of cryptocurrencies, net (1,264,000) 0
Proceeds from sale of cryptocurrencies 4,729,000 0
Capital expenditures (137,000) 0
Acquisitions, net of cash received (23,000) 0
Net cash provided by investing activities 3,305,000 0
Cash flows from financing activities:    
Borrowing from related party 0 0
Payment to related party (500,000) (15,000)
Payment of debt (10,000) 0
Proceeds from issuance of stock, net 768,000 0
Net cash provided by (used in) financing activities 258,000 (15,000)
Net Change in Cash 1,546,000 0
Cash at Beginning of Year 0 0
Cash at End of Year 1,546,000 0
Supplemental Disclosure of Cash Flows Information:    
Cash paid for interest 19,000 13,000
Cash paid for income taxes 0 0
Non-cash Investing and Financing Activities:    
Loan of cryptocurrency 500,000 0
Cryptocurrency received for payment under contract 240,000 0
Fair value of assets in acquisitions 9,433,000 0
Fair value of liabilities assumed in acquisitions 791,000 0
Accounts receivable settlement for Render Payment 233,000 0
Conversion of note receivable in exchange for common stock and preferred stock 1,598,000 0
Issuance of stock for services 1,110,000 0
Issuance of Series A Preferred for services 2,000,000 0
Conversion of accounts payable to related party to common stock 40,000 195,000
Sale of software to related party 0 1,900,000
Conversion of debt through sale of cryptocurrencies $ 0 $ 218,000