Annual report pursuant to Section 13 and 15(d)

Commitments And Contingencies (Tables)

v3.20.1
Commitments And Contingencies (Tables)
12 Months Ended
Dec. 31, 2019
Commitments And Contingencies
Schedule of Future Minimum Lease Payments

Future minimum lease payments under these three agreements are as follows:

Year Ending December 31, 2019

Marijuana Company of America
Lease Schedule for ASC 842
12/31/19
Escondido Total
2020 15,942 - 15,942
2021 8,089 - 8,089
2022 - -
2023 -
2024
2025 & thereafter -
Total future undiscounted lease payments 24,031 - 24,031
Less: Interest (1,812) - (1,812)
Present value of lease liabilities 22,219 - 22,219
Maturity of Lease Liabilities at December 31, 2019
2020 $ 15,942
2021 8,089
2021 and thereafter -
-
Total future undiscounted lease payments 24,031
Less: Interest (1,812)
Present value of lease liabilities $ 22,219