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