Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.21.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Mar. 31, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of intangible assets

 

Customer relationships  

3 to 5 Years

 

Trademarks and Patent  

2 to 8 Years

 

Dispensary licenses  

14 Years

 

Schedule of fair value

Investments:

 

Amount

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Warrants to acquire shares of HydroFarm

 

$

10,452

 

 

$

-

 

 

$

10,452

 

 

$

-

 

Shares in HydroFarm

 

 

29,804

 

 

 

-

 

 

 

29,804

 

 

 

-

 

Option to acquire Edible Garden Inc

 

 

330

 

 

 

-

 

 

 

-

 

 

 

330

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

40,586

 

 

$

-

 

 

$

40,256

 

 

$

330

 

Schedule Of Revenue

 

 

(in thousands)

 

 

 

2021

 

 

2020

 

 

 

 

 

 

 

 

California

 

$

2,057

 

 

$

2,442

 

Nevada

 

 

3,055

 

 

 

1,605

 

Total

 

$

5,112

 

 

$

4,047

 

Schedule of loss per common share

 

 

Three Months Ended March 31,

 

 

 

2021

 

 

2020

 

 

 

 

 

 

 

 

Common stock warrants

 

 

16,076,556

 

 

 

1,313,459

 

Common stock options

 

 

11,937,987

 

 

 

5,715,294

 

 

 

 

 

 

 

 

 

 

 

 

 

28,014,543

 

 

 

7,028,753

 

Schedule of Recently Adopted Accounting Standards

 

 

As Reported
December 31,

2020

 

 

Cumulative Effect Adjustment

 

 

As Reported
January 1,

2021

 

Additional Paid-In Capital

 

$

275,060

 

 

$

1,071

 

 

$

276,131

 

Accumulated Deficit

 

 

219,803

 

 

 

(1,059

)

 

 

218,744

 

Debt Discount

 

 

50

 

 

 

(12

)

 

 

38