Annual report pursuant to Section 13 and 15(d)

Investments (Tables)

v3.20.1
Investments (Tables)
12 Months Ended
Dec. 31, 2019
Disclosure Investments Tables Abstract
Schedule of Investment Roll Forward

The following table indicates the amount of impairments recorded by the Company quarter to quarter for investment activity related to its joint venture investments:

MARIJUANA COMPANY OF AMERICA, INC.

INVESTMENT ROLL-FORWARD

AS OF DECEMBER 31, 2019

INVESTMENTS SHORT-TERM INVESTMENTS
Global Natural TOTAL
TOTAL Hemp Bougainville Gate C Plant Short-Term
INVESTMENTS Group Benihemp MoneyTrac Ventues, Inc. Research Inc. Extract Vivabuds Investments MoneyTrac
Beginning balance @12-31-16 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
Investments made during 2017 3,049,275 10,775 100,000 250,000 1,188,500 1,500,000 0 0
Quarter 03-31-17 equity method Loss 0 0
Quarter 06-30-17 equity method Loss 0 0
Quarter 09-30-17 equity method Loss (375,000 ) (375,000 ) 0
Quarter 12-31-17 equity method accounting 313,702 313,702 0
Impairment of Investment in 2017 (2,292,500 ) 0 (792,500 ) (1,500,000 ) 0 0
Balances as of 12/31/17 695,477 10,775 100,000 250,000 334,702 0 0 0 0 0
Investments made during 2018 986,654 986,654 0
Quarter 03-31-18 equity method Loss (37,673 ) (37,673 ) 0
Quarter 06-30-18 equity method Loss (11,043 ) (11,043 ) 0
Quarter 09-30-18 equity method Loss (10,422 ) (10,422 ) 0
Quarter 12-31-18 equity method Loss (31,721 ) (31,721 ) 0 0
Moneytrac investment reclassified to Short-Term investments (250,000 ) (250,000 ) 250,000 250,000
Unrealized gains on trading securities - 2018 0 560,000 560,000
Impairment of investment in 2018 (933,195 ) (557,631 ) (89,578 ) (285,986 ) 0
Balance @12-31-18 $ 408,077 $ 408,077 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 810,000 $ 810,000
Investments made during quarter ended 03-31-19 129,040 129,040
Quarter 03-31-19 equity method Loss (59,541 ) (59,541 )
Unrealized gains on trading securities - quarter ended 03-31-19 (135,000 ) $ (135,000 )
Balance @03-31-19 $ 477,576 $ 477,576 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 675,000 $ 675,000
Investments made during quarter ended 06-30-19 $ 3,157,234 $ 83,646 $ 3,000,000 $ 73,588
Quarter 06-30-19 equity method Income (Loss) $ (171,284 ) $ (141,870 ) $ (6,291 ) $ (23,123 )
Unrealized gains on trading securities - quarter ended 06-30-19 $ 0 (150,000 ) $ (150,000 )
Balance @06-30-19 $ 3,463,526 $ 419,352 $ 0 $ 0 $ 0 $ 0 $ 2,993,709 $ 50,465 $ 525,000 $ 525,000
Investments made during quarter ended 09-30-19 $ 186,263 $ 186,263
Quarter 09-30-19 equity method Income (Loss) $ 122,863 $ 262,789 $ (94,987 ) $ (44,939 )
Sale of trading securities during quarter ended 09-30-19 $ (41,667 ) $ (41,667 )
Unrealized gains on trading securities - quarter ended 09-30-19 $ 0 (362,625 ) ($ 362,625 )
Balance @09-30-19 $ 3,772,652 $ 682,141 $ 0 $ 0 $ 0 $ 0 $ 2,898,722 $ 191,789 $ 120,708 $ 120,708
Investments made during quarter ended 12-31-19 $ 392,226 $ 262,414 $ 129,812
Quarter 12-31-19 equity method Income (Loss) $ (178,164 ) ($ (75,220 ) $ (23,865 ) $ (79,079 )
Reversal of Equity method Loss for 2019 $ 272,285 $ 125,143 $ 147,142
Impairment of investment in 2019 $ (3,175,420 ) $ (869,335 ) $ (2,306,085 ) $ 0
Loss on disposition of investment $ (389,664 ) (389,664 )
Sale of trading securities during quarter ended 12-31-19 $ 0 $ (17,760 ) $ (17,760 )
Unrealized gains on trading securities - quarter ended 12-31-19 $ 0 (75,545 ) $ (75,545 )
Balance @12-31-19 $ 693,915 $ (0 ) $ 0 $ 0 $ 0 $ 0 $ 693,915 $ 0 $ 27,403 $ 27,403

Schedule of Debts Amounts Related to Joint Venture Investments

Loan Payable
Global Natural General
TOTAL Hemp Bougainville Gate C Plant Robert L Operating
JV Debt Group Benihemp MoneyTrac Ventues, Inc. Research Inc. Extract Hymers III Vivabuds Expense
Beginning balance @12-31-16 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
Quarter 03-31-17 loan borrowings 1,500,000 1,500,000
Quarter 06-30-17 loan activity
Quarter 09-30-17 loan borrowings 725,000 725,000
Quarter 12-31-17 loan repayments (330,445 ) (330,445 )
General operational expense 172,856 172,856
Balances as of 12/31/17 (a) 2,067,411 0 0 0 394,555 1,500,000 0 0 0 172,856
Quarter 03-31-18 loan borrowings (payments) 376,472 447,430 (70,958 )
Quarter 06-30-18 cancellation of JV debt obligation (1,500,000 ) (1,500,000 )
Quarter 06-30-18 loan repayments (101,898 ) (101,898 )
Quarter 09-30-18 loan activity 0
Quarter 12-31-18 loan borrowings 580,425 580,425
Balance @12-31-18 (b) 1,422,410 1,027,855 0 0 394,555 0 0 0 0 0
Quarter 03-31-19 loan borrowings 649,575 649,575
Quarter 03-31-19 debt conversion to equity (407,192 ) (407,192 )
Balance @03-31-19 © 1,664,793 1,270,238 0 0 394,555 0 0 0 0 0
Quarter 03-31-19 loan borrowings 3,836,220 $ 161,220 $ 2,000,000 $ 0 $ 1,675,000
Quarter 03-31-19 debt conversion to equity (1,572,971 ) $ (161,220 ) $ (349,650 ) $ (1,062,101 )
Balance @06-30-19 (d) 3,928,042 1,270,238 0 0 394,555 0 1,650,350 0 0 612,899
Quarter 09-30-19 loan borrowings 582,000 $ 582,000
Quarter 09-30-19 debt conversion to equity (187,615 ) $ (187,615 )
Balance @09-30-19 (e) 4,322,427 1,270,238 0 0 394,555 0 1,650,350 0 0 1,007,284
Quarter 12-31-19 loan borrowings 2,989,378 $ 262,414 $ 596,784 $ 4,221 $ 2,125,959
Impairment of investment in 2019 (4,083,349 ) $ (1,532,652 ) $ (394,555 ) $ (2,156,142 )
Loss on settlement of debt in 2019 50,093 $ 50,093
Adjustment to reclassify amount to accrued liabilities (85,000 ) $ (85,000 )
Balance @12-31-19 (f) $ 3,193,548 $ (0 ) $ 0 $ 0 $ 0 $ 0 $ 56,085 $ 4,221 $ 0 $ 3,133,243

12-31-19 09-30-19 06-30-19 03-31-19 12-31-18 12-31-17
This includes balances for: Note (f) Note (e) Note (d) Note (c) Note (b) Note (a)
- Debt obligation of JV 0 1,633,872 1,778,872 128,522 289,742 1,500,000
- Convertible NP, net of discount 3,193,548 2,688,555 2,149,170 1,536,271 1,132,668 394,555
- Longterm debt 0 0 0 0 0 172,856
Total Debt balance 3,193,548 4,322,427 3,928,042 1,664,793 1,422,410 2,067,411