Annual report pursuant to Section 13 and 15(d)

Schedule of Funding Agreement with MicroCannaBiz (Tables)

v3.8.0.1
Schedule of Funding Agreement with MicroCannaBiz (Tables)
12 Months Ended
Dec. 31, 2016
Schedule of Funding Agreement with MicroCannaBiz (Tables):  
Schedule of Funding Agreement with MicroCannaBiz (Tables)

Upon conversion of the funding agreement to a note receivable the assets and liabilities of MCB were deconsolidated from December 31, 2015 consolidated financial statements as follows:

 

Accounts receivable

$

2,966

Fixed assets, net of $3,126 accumulated depreciation

 

21,881

  Total assets

$

24,847

 

 

 

Accrued expenses

$

6,984

Non-controlling equity

 

(18,778)

Mentor equity

 

36,641

  Total liabilities and equity

$

24,847