Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSET (Tables)

v3.20.2
INTANGIBLE ASSET (Tables)
6 Months Ended
Jun. 30, 2020
Finite-Lived Intangible Assets, Net [Abstract]  
Intangible assets
    Useful life   June 30, 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  
Total         2,940,000       3,226,029  
Less: Accumulated amortization         (1,283,106 )     (828,526 )
Less: Impairment expense         —         (250,192 )
        $ 1,656,894     $ 2,147,311  
Intangible assets amortization
Year ending December 31:   Amount
  2020 (remainder)     $ 488,333  
  2021       976,667  
  2022       191,894  
        $ 1,656,894