Annual report pursuant to Section 13 and 15(d)

Investments (Tables)

v3.21.2
Investments (Tables)
 12 Months Ended
Dec. 31, 2020
Disclosure Investments Tables Abstract
Schedule of Investment Roll Forward

INVESTMENTS SHORT-TERM INVESTMENTS
TOTAL Global Hemp Cannabis Global Bougainville Ventues, Gate C Research Natural Plant TOTAL Short-Term Global Hemp
INVESTMENTS Group Inc. Benihemp MoneyTrac Inc. Inc. Extract Vivabuds Investments Group 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 0 100,000 250,000 334,702 0 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 $ 0 $ 810,000 $ 0 $ 810,000

INVESTMENTS SHORT-TERM INVESTMENTS
TOTAL Global Hemp Cannabis Global Bougainville Ventues, Gate C Research Natural Plant TOTAL Short-Term Global Hemp
INVESTMENTS Group Inc. Benihemp MoneyTrac Inc. Inc. Extract Vivabuds Investments Group MoneyTrac
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 $ 0 $ 675,000 $ 0 $ 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 $ 0 $ 2,993,709 $ 50,465 $ 525,000 $ 0 $ 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 $ 0 $ 2,898,722 $ 191,789 $ 120,708 $ 0 $ 120,708

INVESTMENTS SHORT-TERM INVESTMENTS
TOTAL Global Hemp Cannabis Global Bougainville Ventues, Gate C Research Natural Plant TOTAL Short-Term Global Hemp
INVESTMENTS Group Inc. Benihemp MoneyTrac Inc. Inc. Extract Vivabuds Investments Group MoneyTrac
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 $ 0 $ 693,915 $ 0 $ 27,403 $ 0 $ 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 $ 0 $ 693,915 $ 0 $ 13,458 $ 0 $ 13,458

INVESTMENTS SHORT-TERM INVESTMENTS
TOTAL Global Hemp Cannabis Global Bougainville Ventues, Gate C Research Natural Plant TOTAL Short-Term Global Hemp
INVESTMENTS Group Inc. Benihemp MoneyTrac Inc. Inc. Extract Vivabuds Investments Group MoneyTrac
Equity Loss for Quarter ended 06-30-20 (7,048 ) (7,048 )
Impairment of Equity Loss for Quarter ended 06-30-20 7,048 7,048
Sales of of trading securities - quarter ended 06-30-20 (13,458 ) $ (13,458 )
Balance @06-30-20 $ 693,915 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 693,915 $ 0 $ 0 $ 0 $ 0
Global Hemp Group trading securities issued 650,000 $ 650,000 $ 185,000 $ 185,000
Investment in Cannabis Global 0
Balance @09-30-20 $ 1,343,915 $ 0 $ 650,000 $ 0 $ 0 $ 0 $ 0 $ 693,915 $ 0 $ 185,000 $ 185,000 $ 0
Unrealized gain on Global Hemp Group securities - 4th Quarter 2020 $ 54,064 $ 54,064
Unrealized gains on Cannabis Global Inc securities - 4th Quarter 2020 208,086 $ 208,086
Balance @12-31-20 $ 1,552,001 $ 0 $ 858,086 $ 0 $ 0 $ 0 $ 0 $ 693,915 $ 0 $ 239,064 $ 239,064 $ 0
Schedule of Debts Amounts Related to Joint Venture Investments

Loan Payable
TOTAL Global Hemp Bougainville Ventues, Gate C Research Natural Plant Robert L Hymers General Operating
JV Debt Group Benihemp MoneyTrac Inc. Inc. Extract 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

Loan Payable
TOTAL Global Hemp Bougainville Ventues, Gate C Research Natural Plant Robert L Hymers General Operating
JV Debt Group Benihemp MoneyTrac Inc. Inc. Extract III Vivabuds Expense
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

Loan Payable
TOTAL Global Hemp Bougainville Ventues, Gate C Research Natural Plant Robert L Hymers General Operating
JV Debt Group Benihemp MoneyTrac Inc. Inc. Extract III Vivabuds Expense
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
Quarter 06-30-20 loan borrowings, net $ 65,091 $ 65,091
Quarter 06-30-20 debt conversion to equity ($ 727,118 ) $ (727,118 )
Quarter 06-30-20 reclass of liability $ 83,647 $ 83,647
Quarter 06-30-20 Debt Discount adjustments $ 405,746 $ (27,715 ) $ 433,461
Balance @06-30-20 (h) $ 3,262,538 $ 478,495 $ 0 $ 0 $ 0 $ 0 $ 56,085 $ 65,735 $ 0 $ 2,662,224
Quarter 09-30-20 debt conversion to equity $ (606,472 ) $ (56,085 ) $ (65,735 ) $ (484,652 )
Debt Settlement during Q3 2020 $ (474,495 ) $ (474,495 )
Balance @09-30-20 (i) $ 2,181,571 $ 4,000 $ 0 $ 0 $ 0 $ 0 ($ 0 ) $ 0 $ 0 $ 2,177,572
Quarter 12-31-20 loan borrowings, net $ 309,675 $ 309,675
Quarter 12-31-20 Debt Discount adjustments $ (71,271 ) $ (71,271 )
Quarter 12-31-20 debt conversion to equity $ (993,081 ) $ (993,081 )
Balance @12-31-20 (j) $ 1,426,894 $ 4,000 $ 0 $ 0 $ 0 $ 0 ($ 0 ) $ 0 $ 0 $ 1,422,895