NOTE 5 - PROPERTY AND EQUIPMENT |
6 Months Ended |
|---|---|
Jun. 30, 2016 | |
| Note 5 - Property And Equipment | |
| NOTE 5 - PROPERTY AND EQUIPMENT |
NOTE 5- PROPERTY AND EQUIPMENT During the six months ended June 30, 2016 the Company purchased $1,500,773 in building improvements, land and equipment. During the six months ended June 30, 2015 the Company purchased $2,307,426 in building improvements, land and equipment. All purchases were related to our MariMed subsidiary. Depreciation expense for the six months ended June 30, 2016 was $99,686. Depreciation expense for the six months ended June 30, 2015 was $0. Accumulated depreciation as of June 30, 2016 was $970,126 and as of December 31, 2015 was $868,040. The Company purchases buildings and equipment which they sublease to entities that have licenses to grow and sell marijuana for medical purposes. |