Quarterly report pursuant to Section 13 or 15(d)

REVENUES

v3.20.2
REVENUES
 6 Months Ended
Jun. 30, 2020
Revenue from Contract with Customer [Abstract]  
REVENUES

NOTE 15 – REVENUES

 

For the six months ended June 30, 2020 and 2019, the Company’s revenues were comprised of the following major categories:

 

    Six Months Ended June 30,  
    2020     2019  
Real estate   $ 3,492,042     $ 3,442,024  
Management      748,178        1,194,791  
Supply procurement     818,900       1,906,399  
Licensing      796,847        568,127  
Product sales    

11,219,880

      

1,880

  
Product sales from related party      -        22,014,879  
Other    

478

      

60,392

  
Total revenues   $ 17,076,325     $ 29,188,492  

 

The amount under Product Sales From Related Party shown in the table above represents the total revenues from the seed transactions with GenCanna, which is further disclosed in Note 17 – Related Party Transactions. Excluding these revenues, for the six months ended June 30, 2020 and 2019, revenue from two clients represented 30% and 81%, respectively, of total revenues.