Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSET (Tables)

v3.20.2
INTANGIBLE ASSET (Tables)
3 Months Ended
Mar. 31, 2020
Finite-Lived Intangible Assets, Net [Abstract]  
Intangible assets
 

Useful life

  March 31, 2020         December 31, 2019      
      (Unaudited)            
Farm leases - EOW 3 year   $ 2,930,000     $ 2,930,000  
Hemp operating license - EOW 1 year     10,000       10,000  
Trademark – Green Goddess 3 year     -       3,500  
Customer list – Green Goddess 3 year     -       212,529  
Brand - Levor 3 year     -       70,000  
      2,940,000       3,226,029  
Less: accumulated amortization       (1,038,939 )     (828,526 )
Less: impairment expense       -       (250,192 )
    $ 1,901,061     $ 2,147,311  
Intangible assets amortization
Year ending December 31:   Amount      
2020 (remainder)   $ 732,500  
2021     976,667  
2022     191,894  
    $ 1,901,061