INVESTMENTS – RELATED PARTIES (Tables)

9 Months Ended

Sep. 30, 2022

Investments Related Parties

Investments in Alzamend and Ault & Company at September 30, 2022 and December 31, 2021, were comprised of the following:

Investments in Alzamend and Ault & Company at September 30, 2022 and December 31, 2021, were comprised of the following:

Investment in Promissory Notes, Related Parties

	Interest	Due	September 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				318,000		170,000
Other				-		172,000
Total investment in promissory note, related party			$	2,818,000	$	2,842,000

Investment in Common Stock and Options, Related Parties

	September 30,		December 31,
	2022		2021
Investment in common stock and options of Alzamend	$	12,394,000	$	13,230,000

The following table summarizes the changes in the Company’s investments in Alzamend and Ault & Company during the nine months ended September 30, 2022:

The following table summarizes the changes in the Company’s investments in Alzamend and Ault & Company during the nine months ended September 30, 2022:

	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		4,840,000			-
Unrealized loss in common stock of Alzamend		(5,676,000	)		-
Amortization of related party investment		-			(173,000	)
Accrued interest		-			149,000
Balance at September 30, 2022	$	12,394,000		$	2,818,000

The following table summarizes the changes in the Company’s investments in Alzamend common stock during the nine months ended September 30, 2022:

The following table summarizes the changes in the Company’s investments in Alzamend common stock during the nine months ended September 30, 2022:

	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		801,000	$	1.05		840,000
Unrealized loss in common stock of Alzamend						(5,676,000	)
Balance at September 30, 2022		10,415,000	$	1.19	$	12,394,000

* 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 Ault Lending for $10.0 million, or $1.50 per share, and issue to Ault 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, Ault 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 nine months ended September 30, 2022.