Quarterly report pursuant to Section 13 or 15(d)

Revenues

v3.19.3
Revenues
 9 Months Ended
Sep. 30, 2019
Revenue from Contract with Customer [Abstract]  
Revenues

NOTE 16 – REVENUES

 

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

 

    Nine months ended September 30,  
    2019     2018  
Real estate   $ 5,250,084     $ 4,570,194  
Management     1,963,205       1,156,547  
Supply procurement     2,830,555       2,045,467  
Licensing     1,230,366       529,268  
Product sales     60,839       -  
Product sales to related party     29,029,249       -  
Other     47,893       110,382  
Total revenues   $ 40,412,191     $ 8,411,858  

 

For the nine months ended September 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 To Related Party shown in the table above represents the total revenues from these transactions with GenCanna through September 30, 2019. Excluding the revenues from GenCanna, two clients represented 82% of revenues during this period.

 

For the nine months ended September 30, 2018, these same two clients comprised 72% of total revenues.