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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Total revenue $ 47,408,000 $ 17,366,000 $ 78,594,000 $ 50,192,000
Total cost of revenue 29,523,000 12,369,000 58,669,000 22,863,000
Gross profit 17,885,000 4,997,000 19,925,000 27,329,000
Operating expenses        
Research and development 1,804,000 729,000 3,646,000 1,424,000
Selling and marketing 9,575,000 6,979,000 18,371,000 13,460,000
General and administrative 21,317,000 19,032,000 43,998,000 32,719,000
Impairment of goodwill and intangible assets 35,570,000 35,570,000
Impairment of mined cryptocurrency 124,000 1,976,000 263,000 2,415,000
Total operating expenses 68,390,000 28,716,000 101,848,000 50,018,000
Loss from operations (50,505,000) (23,719,000) (81,923,000) (22,689,000)
Other income (expense):        
Interest and other income 2,382,000 81,000 3,579,000 530,000
Interest expense (15,927,000) (2,031,000) (29,657,000) (31,855,000)
Loss on extinguishment of debt (91,000) (154,000)
Realized and unrealized (loss) gain on marketable securities (206,000) 198,000 (244,000) 307,000
Loss from investment in unconsolidated entity (391,000) (924,000)
Impairment of equity securities (9,555,000)
(Loss) gain on the sale of fixed assets (1,754,000) 2,761,000
Change in fair value of warrant liability 3,217,000 (6,000) 3,217,000 (24,000)
Total other expense, net (12,379,000) (2,149,000) (30,053,000) (31,966,000)
Loss before income taxes (62,884,000) (25,868,000) (111,976,000) (54,655,000)
Income tax provision 1,368,000 217,000 1,105,000 217,000
Net loss (64,252,000) (26,085,000) (113,081,000) (54,872,000)
Net loss attributable to non-controlling interest 3,569,000 321,000 3,752,000 336,000
Net loss attributable to Ault Alliance, Inc. (60,683,000) (25,764,000) (109,329,000) (54,536,000)
Preferred dividends (321,000) (44,000) (550,000) (49,000)
Net loss available to common stockholders $ (61,004,000) $ (25,808,000) $ (109,879,000) $ (54,585,000)
Basic net loss per common share $ (50.08) $ (26.73) $ (91.41) $ (85.83)
Diluted net loss per common share $ (50.08) $ (26.73) $ (91.41) $ (85.83)
Weighted average basic common shares outstanding 1,218,000 966,000 1,202,000 636,000
Weighted average diluted common shares outstanding 1,218,000 966,000 1,202,000 636,000
Comprehensive loss        
Net loss available to common stockholders $ (61,004,000) $ (25,808,000) $ (109,879,000) $ (54,585,000)
Foreign currency translation adjustment (520,000) (1,471,000) (350,000) (1,758,000)
Other comprehensive loss (520,000) (1,471,000) (350,000) (1,758,000)
Total comprehensive loss (61,524,000) (27,279,000) (110,229,000) (56,343,000)
Cost of Sales [Member]        
Total cost of revenue 9,036,000 5,044,000 18,823,000 10,792,000
Cost Of Revenue Crypto Currency Mining [Member]        
Total cost of revenue 9,726,000 4,453,000 17,829,000 6,950,000
Cost of Sales Hotel Operations [Member]        
Total cost of revenue 3,120,000 2,872,000 5,808,000 5,121,000
Cost Of Sales Crane Operations [Member]        
Total cost of revenue 7,641,000 15,029,000
Cost Of Revenue Lending And Trading Activities [Member]        
Total cost of revenue 1,180,000
Revenue products[Member]        
Total revenue 12,216,000 7,849,000 25,647,000 16,508,000
Revenue Cryptocurrency Mining Net [Member]        
Total revenue 8,368,000 3,976,000 15,715,000 7,524,000
Hotel Operations [Member]        
Total revenue 4,709,000 4,598,000 7,410,000 7,296,000
Crane Operations [Member]        
Total revenue 12,590,000 25,236,000
Lending and Trading Activities [Member]        
Total revenue $ 9,525,000 $ 943,000 $ 4,586,000 $ 18,864,000