|6 Months Ended|
Jun. 30, 2018
|Notes to Financial Statements|
On March 7, 2018, Mendocino entered into an asset purchase agreement with a third-party seller, pursuant to which Mendocino acquired all of the assets relating to a retail cannabis business in Point Arena, Mendocino County, California for total cash consideration of $350,000.
The amount assigned to the Licenses intangible asset was $309,300. The licenses and permits renew annually for nominal fees.