v3.19.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 1,470,574 $ 834,190
Cash in attorney trust accounts 0 314,536
Receivable - Bhang Corporation, current portion 0 1,987,099
Investment in securities, at fair value 362,585 188,635
Deposits on manufacturing equipment purchases 43,907 0
Accounts receivable, net 437,508 444,798
Net finance leases receivable, current portion 175,727 0
Investment in accounts receivable, current portion 117,000 117,000
Notes receivable, current portion 45,173 35,445
Convertible notes receivable, current portion 26,384 43,628
Prepaid expenses and other current assets 77,634 44,112
Employee advances 4,004 13,683
Total current assets 2,760,496 4,023,126
Property and equipment    
Property and equipment 195,571 203,292
Accumulated depreciation and amortization (152,602) (162,563)
Property and equipment, net 42,969 40,729
Other assets    
Investment in account receivable, net of discount and current portion 418,518 456,362
Convertible notes receivable, net of current portion 50,417 98,668
Net finance leases receivable, net of current portion 1,361,554 0
Investment in installment receivable, net of current portion 971,653 845,576
Contractual interest in legal recovery 800,002 600,002
Deposits 9,575 9,575
Long term investments 251,297 163,714
Goodwill 1,426,182 1,426,182
Total other assets 5,289,198 3,600,079
Total assets 8,092,663 7,663,934
Current liabilities    
Accounts payable 67,455 60,260
Accrued expenses 359,568 224,921
Related party payable 40,000 0
Deferred revenue 86,461 0
Current portion of long-term debt 53,166 33,854
Total current liabilities 606,650 319,035
Long-term liabilities    
Accrued salary, retirement and incentive fee - related party 1,027,118 969,481
Long term debt, net of current portion 25,055 28,805
Total long-term liabilities 1,052,173 998,286
Total liabilities 1,658,823 1,317,321
Commitments and Contingencies 0 0
Shareholders' equity    
Preferred Stock, Value, Issued [1] 0 0
Common Stock, Value, Issued 2,314 2,281
Additional paid in capital 13,071,626 12,560,619
Accumulated deficit (6,438,316) (6,063,977)
Accumulated other comprehensive income (loss), net of tax 0 34,822
Non-controlling interest (201,784) (187,132)
Total shareholders' equity 6,433,840 6,346,613
Total liabilities and shareholders' equity $ 8,092,663 $ 7,663,934
[1] BS1

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