LEASES (Details Narrative) |
1 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
|
Nov. 30, 2021
ft²
$ / shares
|
Jun. 30, 2022
USD ($)
ft²
|
Apr. 30, 2022
ft²
|
Jun. 30, 2021
ft²
|
|
| Area of land | 14,000 | 300,000 | ||
| Lessee, operating lease, description | In November 2021, the Company entered into lease agreements for six retail properties, each with square footage between 4,000 and 6,000 square feet, in the state of Ohio (each an “Ohio Lease” and collectively the “Ohio Leases”). Each Ohio Lease has an initial lease period of eleven months, with a minimum rent of $31.00 per square foot, which amount increases 3.0% annually. | |||
| Lessee, operating lease, option to extend | In the event the Company is awarded one or more of the six Ohio cannabis licenses for which it had previously applied, the Company can extend the term of one or more of the Ohio Leases to ten years (with two additional five-year options to extend) upon the payment of $50,000 for each extended Ohio Lease, and develop the premises of such extended lease(s) into a cannabis dispensary. | |||
| Operating lease, weighted average remaining lease term | 6 years 10 months 24 days | |||
| Finance lease, weighted average remaining lease term | 3 years 6 months | |||
| Lease cost | $ / shares | $ 31.00 | |||
| Extended Ohio Lease Agreement [Member] | ||||
| Lease cost | $ | $ 50,000 | |||
| Minimum [Member] | ||||
| Area of land | 4,000 | |||
| Operating lease, weighted average discount rate, percent | 7.50% | |||
| Maximum [Member] | ||||
| Area of land | 6,000 | |||
| Operating lease, weighted average discount rate, percent | 12.00% | |||
| Finance Lease Commitments [Member] | Machinery and Office Equipment [Member] | ||||
| Lessee, operating lease, description | expire from February 2024 through February 2026 | |||
| DELAWARE | ||||
| Area of land | 45,000 | |||
| DELAWARE | Retails Space [Member] | ||||
| Area of land | 4,000 | |||
| Lessee, operating lease, description | five-year lease that expires in April 2027 | |||
| DELAWARE | Warehouse [Member] | ||||
| Area of land | 100,000 | |||
| Lessee, operating lease, description | The lease expires in March 2030, with an option to extend the term for three additional years | |||
| DELAWARE | Cultivation and Processing Facility [Member] | ||||
| Area of land | 60,000 | |||
| DELAWARE | Premises [Member] | ||||
| Area of land | 12,000 | |||
| Lessee, operating lease, description | The lease expires in January 2026 and contains an option to negotiate an extension at the end of the lease | |||
| NEVADA | Industrial Building [Member] | ||||
| Area of land | 10,000 | |||
| Lessee, operating lease, description | lease expiring in 2024 | |||
| MASSACHUSETTS | ||||
| Area of land | 138,000 | |||
| MASSACHUSETTS | Office Space [Member] | ||||
| Area of land | 10,000 | |||
| Lessee, operating lease, description | expiring in 2028 | |||
| Lessee, operating lease, option to extend | option to extend the term for an additional five-year period | |||
| MARYLAND | ||||
| Area of land | 180,000 | |||
| MARYLAND | Two Unit Apartment [Member] | ||||
| Area of land | 2,700 | |||
| Lessee, operating lease, description | expires in July 2023 |