Ault Alliance, a diversified holding company, reported a significant year-over-year increase in revenue from contracts with customers, reaching $80.993 million for the year ended December 31, 2023. This represents a substantial growth from the previous year's revenue of $30.255 million. The company's financial instruments measured at fair value showed a decrease in total assets from $144.572 million in 2022 to $2.906 million in 2023, while total liabilities measured at fair value increased from $15.743 million in 2022 to $24.227 million in 2023. Ault Alliance's business development included investments in common stock of Alzamend Neuro, Inc., a related party, and marketable equity securities. The company's future plans involve strategic initiatives and investment plans, although specific details were not disclosed in the announcement. Ault Alliance's digital currencies...Show More

Ault Alliance, a diversified holding company, reported a significant year-over-year increase in revenue from contracts with customers, reaching $80.993 million for the year ended December 31, 2023. This represents a substantial growth from the previous year's revenue of $30.255 million. The company's financial instruments measured at fair value showed a decrease in total assets from $144.572 million in 2022 to $2.906 million in 2023, while total liabilities measured at fair value increased from $15.743 million in 2022 to $24.227 million in 2023. Ault Alliance's business development included investments in common stock of Alzamend Neuro, Inc., a related party, and marketable equity securities. The company's future plans involve strategic initiatives and investment plans, although specific details were not disclosed in the announcement. Ault Alliance's digital currencies activities showed a balance of $546,000 at the end of 2023, after additions from mined digital currencies and other adjustments. The company's property and equipment net value decreased from $146.779 million in 2022 to $108.829 million in 2023, with significant depreciation expense and impairment charges recognized. Ault Alliance also faced impairments in goodwill and intangible assets, with a total impairment of goodwill of $21.387 million in 2023. The company's equity investments in unconsolidated entities, such as AVLP and SMC, underwent changes, including deconsolidation and losses from investments. Ault Alliance's financial report also highlighted various business combinations and investments in related parties, reflecting the company's ongoing strategic development and expansion efforts.