Quarterly report pursuant to Section 13 or 15(d)

CONCENTRATION OF REVENUE AND SUPPLIER

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CONCENTRATION OF REVENUE AND SUPPLIER
6 Months Ended
Jun. 30, 2019
Risks and Uncertainties [Abstract]  
CONCENTRATION OF REVENUE AND SUPPLIER

During the six months ended June 30, 2019, total sale of CBD products to five customers represented approximately 90% (19%, 26% - related party, 24%, 11% and 10%) of the Company’s net sales. There was no revenues generated during the six months ended June 30, 2018.

 

As of June 30, 2019 total accounts receivable from four customers represented approximately 99% (13%, 37% - related party, 34%, and 15%)of total accounts receivable as compared to none as of December 31, 2018.

 

During the six months ended June 30, 2019, the Company purchased finished products from C2M (see Note 11) totaling approximately $197,117 (100% of the purchases).