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 ($)
 6 Months Ended
Jul. 31, 2021
Jul. 31, 2020
Cash flows from operating activities:    
Net (Loss) $ 3,307,000 $ (49,294,000)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Stock based compensation 0 49,191,000
Reverse of bad debt (233,000) 0
Realized loss on investment in cryptocurrency, net 85,000 0
Loss on cryptocurrency impairment 16,000 0
Fair value adjustment to cryptocurrency (2,435,000) 0
Amortization and depreciation 23,000 0
Imputed interest 0 8,000
Changes in operating assets and liabilities:    
Accounts receivable, net 4,000 0
Interest receivable (32,000) 0
Inventory (4,000) 0
Prepaid expenses (26,000) 0
Intangible assets (2,000) 0
Accounts payable to related party 408,000 43,000
Accrued interest 0 3,000
Accounts payable, accrued expenses and taxes payable (241,000) 18,000
Deferred revenue (93,000) 0
Net cash provided by (used in) operating activities 777,000 (31,000)
Cash flows from investing activities:    
Acquisition of cryptocurrencies, net (268,000) 0
Proceeds from sale of cryptocurrencies 74,000 0
Acquisitions, net of cash received 23,000 0
Net cash used in investing activities (217,000) 0
Cash Flows From Financing Activities:    
Borrowing from related party 0 31,000
Payment to related party 500,000 0
Proceeds from debt 266,000 0
Proceeds from issuance of stock, net 493,000 0
Net cash provided by financing activities 259,000 31,000
Net Change in Cash 819,000 0
Cash at Beginning of Year 0 0
Cash at End of Year 819,000 0
Supplemental Disclosure of Cash Flows Information:    
Cash paid for interest 3,000 0
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   195,000
Sale of software to related party   1,900,000
Interest receivable - related party   $ 28,000