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 |
|
|