Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSET (Tables)

v3.19.2
INTANGIBLE ASSET (Tables)
6 Months Ended
Jun. 30, 2019
Finite-Lived Intangible Assets, Net [Abstract]  
Intangible assets

 

    Useful life   June 30, 2019   December 31, 2018
Farm leases   3 year   $ 2,930,000     $ —    
Hemp operating license   1 year     10,000       —    
          2,940,000       —    
Less: accumulated amortization         (299,355 )     —    
        $ 2,640,645     $ —    

 

 

 

Intangible assets amortization
Year ending December 31:   Amount
2019 (remainder)   $ 493,333  
2020     978,750  
2021     976,667  
2022     191,895  
    $ 2,640,645