Condensed Consolidated Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2020 |
Jun. 30, 2019 |
Jun. 30, 2020 |
Jun. 30, 2019 |
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| Income Statement [Abstract] | ||||
| Revenues | $ 9,610,306 | $ 3,657,798 | $ 17,076,325 | $ 7,173,614 |
| Revenues from related party | 22,014,878 | 22,014,878 | ||
| Total revenues | 9,610,306 | 25,672,676 | 17,076,325 | 29,188,492 |
| Cost of revenues | 3,452,169 | 16,745,553 | 6,050,086 | 18,000,343 |
| Gross profit | 6,158,137 | 8,927,123 | 11,026,239 | 11,188,149 |
| Operating expenses: | ||||
| Personnel | 1,207,141 | 825,130 | 2,720,524 | 1,498,504 |
| Marketing and promotion | 65,618 | 76,060 | 178,002 | 194,959 |
| General and administrative | 2,336,102 | 2,676,454 | 4,584,037 | 4,357,476 |
| Bad debts | 450,000 | 450,000 | ||
| Total operating expenses | 4,058,861 | 3,577,644 | 7,932,563 | 6,050,939 |
| Operating income | 2,099,276 | 5,349,479 | 3,093,676 | 5,137,210 |
| Non-operating income (expenses): | ||||
| Interest expense | (2,969,191) | (2,619,460) | (5,660,336) | (4,560,007) |
| Interest income | 40,863 | 64,345 | 86,894 | 346,754 |
| Loss on obligations settled with equity | (44,678) | (44,678) | ||
| Equity in earnings of investments | (32,958) | (45,465) | (32,958) | 1,912,942 |
| Change in fair value of investments | (234,544) | (921,546) | ||
| Other | 2,948,917 | 2,948,917 | ||
| Total non-operating income (expenses), net | (3,240,508) | 348,337 | (6,572,624) | 648,606 |
| Income (loss) before income taxes | (1,141,232) | 5,697,816 | (3,478,948) | 5,785,816 |
| Provision for income taxes | 974,584 | 984,595 | ||
| Net income (loss) | (1,141,232) | 4,723,232 | (3,478,948) | 4,801,221 |
| Net income (loss) attributable to noncontrolling interests | 72,805 | 46,147 | 156,533 | 147,346 |
| Net income (loss) attributable to MariMed Inc. | $ (1,214,037) | $ 4,677,085 | $ (3,635,481) | $ 4,653,875 |
| Net income (loss) per share | ||||
| Basic | $ (0.00) | $ 0.02 | $ (0.02) | $ 0.02 |
| Diluted | $ (0.00) | $ 0.02 | $ (0.02) | $ 0.02 |
| Weighted average common shares outstanding | ||||
| Basic | 247,990,403 | 213,319,149 | 240,664,873 | 211,510,986 |
| Diluted | 247,990,403 | 232,828,964 | 240,664,873 | 231,020,801 |
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- Definition Change in fair value of investments. No definition available.
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- References No definition available.
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- Definition Personnel expenses. No definition available.
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The net realized gain (loss) on investments sold during the period, not including gains (losses) on securities separately or otherwise categorized as trading, available-for-sale, or held-to-maturity, which, for cash flow reporting, is a component of proceeds from investing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest income earned from interest bearing assets classified as other. No definition available.
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- Definition The total expense recognized in the period for promotion, public relations, and brand or product advertising. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense (reversal of expense) for expected credit loss on accounts receivable. 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 Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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