Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.21.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Sep. 30, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of intangible assets

Customer relationships

 

3 to 5 Years

 

Trademark and patent

 

2 to 8 Years

 

Dispensary licenses

 

14 Years

 

Schedule of fair value

 

 

September 30, 2021

 

Investments:

 

Amount

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

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

 

$ 21,640

 

 

$ 6,138

 

Nevada

 

 

9,829

 

 

 

3,668

 

Oregon

 

 

3,340

 

 

 

-

 

Total

 

$ 34,809

 

 

$ 9,806

 

Schedule of loss per common share

 

 

Nine Months Ended
September 30,

 

 

 

2021

 

 

2020

 

 

 

 

 

 

 

 

Common stock warrants

 

 

85,336,515

 

 

 

1,088,278

 

Common stock options

 

 

99,504,369

 

 

 

16,259,670

 

 

 

 

 

 

 

 

 

 

 

 

 

184,840,884

 

 

 

17,347,948

 

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