Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.21.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 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

 

 

June 30, 2021

 

Investments:

 

Amount

 

 

Level 1

 

 

Level 2

 

 

 Level 3

 

Warrants to acquire shares of HydroFarm

 

$ -

 

 

$ -

 

 

$ -

 

 

$ -

 

Shares in HydroFarm

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Option to acquire Edible Garden Inc

 

 

330

 

 

 

-

 

 

 

-

 

 

 

330

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$ 330

 

 

$ -

 

 

$ -

 

 

$ 330

 

  

 

 

December 31, 2020

 

Investments:

 

Amount

 

 

Level 1

 

 

Level 2

 

 

 Level 3

 

Warrants to acquire shares of HydroFarm

 

$ 10,195

 

 

$ -

 

 

$ 10,195

 

 

$ -

 

Shares in HydroFarm

 

 

23,850

 

 

 

-

 

 

 

23,850

 

 

 

-

 

Option to acquire Edible Garden Inc

 

 

330

 

 

 

-

 

 

 

-

 

 

 

330

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$ 34,375

 

 

$ -

 

 

$ 34,045

 

 

$ 330

 

Schedule Of Revenue

 

 

(in thousands)

 

 

 

2021

 

 

2020

 

 

 

 

 

 

 

 

California

 

$ 4,929

 

 

$ 4,932

 

Nevada

 

 

6,446

 

 

 

1,821

 

Total

 

$ 11,375

 

 

$ 6,753

 

Schedule of loss per common share

 

 

Six Months Ended June 30,

 

 

 

2021

 

 

2020

 

 

 

 

 

 

 

 

Common stock warrants

 

 

16,076,556

 

 

 

1,205,126

 

Common stock options

 

 

16,721,567

 

 

 

15,350,580

 

 

 

 

 

 

 

 

 

 

 

 

 

32,798,123

 

 

 

16,555,706

 

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