Quarterly report pursuant to Section 13 or 15(d)

Investments (Tables)

v3.20.1
Investments (Tables)
 3 Months Ended
Mar. 31, 2020
Disclosure Investments Tables Abstract
Schedule of Investment Roll Forward
MARIJUANA COMPANY OF AMERICA, INC.
INVESTMENT ROLL-FORWARD
AS OF MARCH 31, 2020
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
Equity Loss for Quarter ended 03-31-20 126,845 126,845
Recognize Joint venture liabilities per JV agreement @03-31-20 394,848 394,848
Impairment of Equity Loss for Quarter ended 03-31-20 (521,692 ) (521,692 )
Unrealized gains on trading securities - quarter ended 03-31-19 (13,945 ) $ (13,945 )
Balance @03-31-20 $ 693,915 $ 0 $ 0 $ 0 $ 0 $ 0 $ 693,915 $ 0 $ 13,458 $ 13,458


Schedule of Debts Amounts Related to Joint Venture Investments

Loan Payable
Global Natural General
TOTAL Hemp Bougainville Gate C Plant RobertL 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
Quarter 03-31-20 loan borrowings 441,638 $ 441,638
Quarter 03-31-20 debt conversion to equity (619,000 ) $ (619,000 )
Recognize Joint venture liabilities per JV agreement @03-31-20 394,848 394,848
Quarter 03-31-20 Debt Discount adjustments 24,138 $ 24,138
Balance @03-31-20 (g) 3,435,172 394,848 0 0 0 0 56,085 28,359 0 2,955,881

03-31-20 12-31-19 09-30-19 06-30-19 03-31-19 12-31-18 12-31-17
This includes balances for: Note (g) Note (f) Note (e) Note (d) Note (c) Note (b) Note (a)
- Debt obligation of JV 394,848 0 1,633,872 1,778,872 128,522 289,742 1,500,000
- Convertible NP, net of discount 3,040,324 3,193,548 2,688,555 2,149,170 1,536,271 1,132,668 394,555
- Longterm debt 0 0 0 0 0 0 172,856
Total Debt balance 3,435,172 3,193,548 4,322,427 3,928,042 1,664,793 1,422,410 2,067,411