Annual report pursuant to Section 13 and 15(d)

Investments (Tables)

v3.19.3
Investments (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure Investments Tables Abstract
Schedule of Impairments for Investement Activity Related to Joint Venture Investments

The following table indicates the amount of impairments recorded by the Company quarter to quarter for investment activity quarter to quarter related to its joint venture investments:

INVESTMENTS SHORT-TERM INVESTMENTS
Global
TOTAL Hemp Bougainville Gate C
INVESTMENTS Group Benihemp MoneyTrac Ventures, Inc. Research Inc. Short-Term
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 0 0
Quarter 09-30-17 equity method (375,000 ) (375,000 ) 0
Quarter 12-31-17 equity method Loss 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
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 $ 810,000 $ 810,000
Schedule of Debts Amounts Related to Joint Venture Investments

The following table indicates the amount of debt the Company recorded quarter to quarter as a result of its joint venture investments:

Loan Payable
TOTAL Global Bougainville Gate C General
JV Debt

Hemp

Group

Benihemp MoneyTrac Ventues, Inc. Research Inc.

Operating

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 1,500,000 172,856
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
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

03-31-19 12-31-18 12-31-17
This includes balances for: Note (c) Note (b) Note (a)
- Debt obligation of JV 128,522 289,742 1,500,000
- Convertible NP, net of discount 1,536,271 1,132,668 394,555
- Longterm debt 0 0 172,856
Total Debt balance 1,664,793 1,422,410 2,067,411