Inventory/Unearned Revenue From Related Party (Details Narrative) - USD ($) |
3 Months Ended | 9 Months Ended | |||
---|---|---|---|---|---|
Sep. 30, 2019 |
Sep. 30, 2018 |
Sep. 30, 2019 |
Sep. 30, 2018 |
Dec. 31, 2018 |
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Payment for purchase of inventory | $ 20,750,000 | ||||
Billed amount | $ 4,209,328 | $ 3,391,582 | 11,382,942 | $ 8,411,858 | |
Revenues from related party | 7,014,371 | 29,029,249 | |||
Unearned revenue | 4,170,750 | $ 4,170,750 | |||
Gen Canna [Member] | |||||
Billed amount, description | The seeds were harvested by October 2019, and accordingly the Company provided GenCanna with extended payment terms, allowing full payments to be made by December 2019. | ||||
Revenues from related party | $ 29,000,000 | ||||
Unearned revenue | $ 4,200,000 | 4,200,000 | |||
Gen Canna [Member] | Billed Revenues [Member] | |||||
Billed amount | 33,200,000 | ||||
MariMed Hemp Inc. [Member] | |||||
Payment for purchase of inventory | 21,600,000 | ||||
MediTaurus [Member] | Hemp Seeds [Member] | |||||
Payment for purchase of inventory | 850,000 | ||||
MediTaurus [Member] | Hemp Oil [Member] | |||||
Payment for purchase of inventory | $ 681,000 |
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- Definition Payment for purchase of inventory. No definition available.
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- Definition Amount of obligation to transfer good or service to customer for which consideration has been received or is receivable, classified as current. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue, fees and commissions earned from transactions between (a) a parent company and its subsidiaries; (b) subsidiaries of a common parent; (c) an entity and trusts for the benefit of employees, for example, but not limited to, pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management; (d) an entity and its principal, owners, management, or members of their immediate families; and (e) affiliates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Description of payment terms in contract with customer. Includes, but is not limited to, timing of payment, existence of financing component, variability of consideration and constraint on variable consideration. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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