Annual report pursuant to Section 13 and 15(d)

INVESTMENTS (Tables)

v3.22.1
INVESTMENTS (Tables)
 12 Months Ended
Dec. 31, 2021
Investments, All Other Investments [Abstract]
Schedule of Investment Roll Forward
INVESTMENTS
TOTAL Consolidated Cannabis Global Hempsmart Lynwood Natural Plant Salinas Ventures VBF
INVESTMENTS Eliminations Inc. ECOX cDistro Brazil JV Extract Holding BRANDS Vivabuds
Investments made during quarter ended 03-31-19 0
Quarter 03-31-19 equity method Loss 0 - - - - - - - - - -
Unrealized gains on trading securities - quarter ended 03-31-19
Balance @03-31-19 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
Investments made during quarter ended 06-30-19 $ 3,073,588 - - - - - - $ 3,000,000 - - $ 73,588
Quarter 06-30-19 equity method Income (Loss) $ (29,414 ) $ (6,291 ) $ (23,123 )
Unrealized gains on trading securities - quarter ended 06-30-19 $ 0
Balance @06-30-19 $ 3,044,174 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 2,993,709 $ 0 $ 0 $ 50,465
Investments made during quarter ended 09-30-19 $ 186,263 - - - - - - - - - $ 186,263
Quarter 09-30-19 equity method Income (Loss) $ (139,926 ) $ (94,987 ) $ (44,939 )
Sale of trading securities during quarter ended 09-30-19
Unrealized gains on trading securities - quarter ended 09-30-19 $ 0
Balance @09-30-19 $ 3,090,511 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 2,898,722 $ 0 $ 0 $ 191,789
Investments made during quarter ended 12-31-19 $ 129,812 - - - - - - - - - $ 129,812
Quarter 12-31-19 equity method Income (Loss) $ (102,944 ) $ (23,865 ) $ (79,079 )
Reversal of Equity method Loss for 2019 $ 272,285 $ 125,143 $ 147,142
Impairment of investment in 2019 $ (2,306,085 ) $ (2,306,085 ) $ 0
Loss on disposition of investment $ (389,664 ) $ (389,664 )
Sale of trading securities during quarter ended 12-31-19 $ 0
Unrealized gains on trading securities - quarter ended 12-31-19 $ 0
Balance @12-31-19 $ 693,915 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 693,915 $ 0 $ 0 $ 0
Equity Loss for Quarter ended 03-31-20 0 - - - - - - - - - -
Recognize Joint venture liabilities per JV agreement @03-31-20 0
Impairment of Equity Loss for Quarter ended 03-31-20 0
Unrealized gains on trading securities - quarter ended 03-31-19
Balance @03-31-20 $ 693,915 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 693,915 $ 0 $ 0 $ 0
Equity Loss for Quarter ended 06-30-20 0 - - - - - - - - - -
Impairment of Equity Loss for Quarter ended 06-30-20 0
Sales of of trading securities - quarter ended 06-30-20
Balance @06-30-20 $ 693,915 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 693,915 $ 0 $ 0 $ 0
Global Hemp Group trading securities issued 650,000 $ 650,000
Investment in Cannabis Global 0 - - - - - - - - - -
Balance @09-30-20 $ 1,343,915 $ 0 $ 650,000 $ 0 $ 0 $ 0 $ 0 $ 693,915 $ 0 $ 0 $ 0
Unrealized gain on Global Hemp Group securities - 4th Quarter 2020 - - - - - - - - - - -
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 $ 0 $ 0
Investment in ECOX 650,000 - - $ 650,000 - - - - - - -
Balance @03-31-21 $ 2,202,001 $ 0 $ 858,086 $ 650,000 $ 0 $ 0 $ 0 $ 693,915 $ 0 $ 0 $ 0
Investments made during quarter ended 06-30-21 30,898 $ 30,898
Unrealized gain on Global Hemp Group securities - 2nd quarter 2021 - - - - - - - - - - -
Balance @06-30-21 $ 2,232,899 $ 0 $ 858,086 $ 650,000 $ 0 $ 0 $ 30,898 $ 693,915 $ 0 $ 0 $ 0
Investments made during quarter ended 09-30-21 68,200 $ 68,000 $ 200
Sale of short-term investments in quarter ended- 09-30-21 0 - - - - - - - - - -
Balance @09-30-21 $ 2,301,099 $ 0 $ 926,086 $ 650,000 $ 0 $ 0 $ 30,898 $ 693,915 $ 200 $ 0 $ 0
Investments made during quarter ended 12-31-21 5,087,079 $ 2,975,174 $ 90,923 $ 2,020,982
Consolidated Eliminations @12/31/21 (5,060,821 ) (5,060,821 ) - - - - - - - - -
Balance @12-31-21 $ 2,327,357 $ (5,060,821 ) $ 926,086 $ 650,000 $ 2,975,174 $ 90,923 $ 30,898 $ 693,915 $ 200 $ 2,020,982 $ 0

Schedule of Debts Amounts Related to Joint Venture Investments
Loan Payable
Natural General
TOTAL Plant Robert L VBF Operating
Debt Extract Hymers III BRANDS Vivabuds Expense
Quarter 03-31-19 loan borrowings
Quarter 03-31-19 debt conversion to equity - - - - - -
Balance @03-31-19 © 0 0 0 0 0 0
Quarter 03-31-19 loan borrowings 3,675,000 $ 2,000,000 - - $ 0 $ 1,675,000
Quarter 03-31-19 debt conversion to equity (1,411,751 ) $ (349,650 ) $ (1,062,101 )
Balance @06-30-19 (d) 2,263,249 1,650,350 0 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) 2,657,634 1,650,350 0 0 0 1,007,284
Quarter 12-31-19 loan borrowings 2,726,964 $ 596,784 $ 4,221 $ 2,125,959
Impairment of investment in 2019 (2,156,142 ) $ (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) $ 3,193,549 $ 56,085 $ 4,221 $ 0 $ 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 $ 0
Quarter 03-31-20 Debt Discount adjustments $ 24,138 $ 24,138
Balance @03-31-20 (g) $ 3,040,325 $ 56,085 $ 28,359 $ 0 $ 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 $ 0
Quarter 06-30-20 Debt Discount adjustments $ 405,746 ($ 27,715 ) $ 433,461
Balance @06-30-20 (h) $ 2,784,044 $ 56,085 $ 65,735 $ 0 $ 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 $ 0
Balance @09-30-20 (i) $ 2,177,572 ($ 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) $ 1,422,895 $ 0 $ 0 $ 0 $ 0 $ 1,422,895
Quarter 03-31-21 debt conversion to equity $ (1,309,016 ) - - - - $ (1,309,016 )
Quarter 03-31-21 loan borrowings, net $ 145,000 $ 145,000
Balance @03-31-21 (k) $ 258,879 $ 0 $ 0 $ 0 $ 0 $ 258,879
Quarter 06-30-21 loan borrowings, net $ 1,251,779 - $ 185,000 - - $ 1,066,779
Balance @06-30-21 (l) $ 1,510,658 $ 0 $ 185,000 $ 0 $ 0 $ 1,325,658
Quarter 09-30-21 loan borrowings, net $ 626,250 $ 626,250
Quarter 09-30-21 loan repayments, net $ (1,077,464 ) - $ (75,000 ) - - $ (1,002,464 )
Balance @09-30-21 (m) $ 1,059,444 ($ 0 ) $ 110,000 $ 0 $ 0 $ 949,444
Quarter 12-31-21 loan borrowings, net $ 2,710,006 - - $ 1,643,387 - $ 1,066,619
Balance @12-31-21 (n) $ 3,769,449 ($ 0 ) $ 110,000 $ 1,643,387 $ 0 $ 2,016,063

Schedule of debt balance
12-31-21 06-30-20 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 (n) Note (h) Note (g) Note (f) Note (e) Note (d) Note (c) Note (b) Note (a)
- Debt obligation of JV 0 478,494 394,848 0 1,633,872 1,778,872 128,522 289,742 1,500,000
- Convertible NP, net of discount 3,769,449 2,784,044 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 0 0 172,856
Total Debt balance $ 3,769,449 $ 3,262,538 $ 3,435,172 $ 3,193,548 $ 4,322,427 $ 3,928,042 $ 1,664,793 $ 1,422,410 $ 2,067,411