Quarterly report pursuant to Section 13 or 15(d)

Revenues

v3.19.2
Revenues
 6 Months Ended
Jun. 30, 2019
Revenue from Contract with Customer [Abstract]  
Revenues

NOTE 16 – REVENUES

 

For the six months ended June 30, 2019 and 2018, the Company’s revenues were comprised of the following major categories:

 

    Six months ended June 30,  
      2019       2018  
Real estate   $ 3,442,024     $ 2,731,364  
Management     1,194,791       754,038  
Supply procurement     1,906,399       1,241,834  
Licensing     568,127       281,557  
Product sales    

1,880

       -  
Product sales from related party    

22,014,879

      

-

  
Other     60,392       11,482  
Total revenues   $ 29,188,492     $ 5,020,275  

 

For the six months ended June 30, 2019, revenue from three clients represented 95% of total revenues. One of these clients was GenCanna, a related party, with whom the Company conducted the seed sale transactions previously disclosed in Note 1 – Organization and Description of Business. The amount under Product Sales From Related Party shown in the table above represents the total revenues from these transactions with GenCanna through June 30, 2019.

 

For the six months ended June 30, 2018, revenue from two clients comprised 75% of total revenues.