Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2018
Accounting Policies [Abstract]  
Schedule of revenues disaggregated by type and by state/territory

The following table presents the Company’s revenues disaggregated by type and by state/territory (unaudited):

 

    For the Three Months Ended September 30,     For the Nine Months Ended September 30,  
Revenues by Type   2018     2017     2018     2017  
                         
Wholesale   $ 9,029     $ -     $ 107,281     $ -  
Retail     655,371       -       912,745       -  
Total   $ 664,400     $ -     $ 1,020,026     $ -  

 

    For the Three Months Ended September 30,     For the Nine Months Ended September 30,  
Revenues by State/Territory   2018     2017     2018     2017  
                         
California   $ 136,457     $ -     $ 356,918     $ -  
Puerto Rico     527,943       -       663,108       -  
Total   $ 664,400     $ -     $ 1,020,026     $ -  

Schedule of Fixed Assets Estimated Useful Lives

Fixed assets are recorded at cost and are depreciated using the straight-line method over estimated useful lives as follows:

 

  Type of Asset   Estimated Life
  Computer and technology   5 years
  Furniture and fixtures   10 years
  Building and Leasehold improvements   5 - 25 years
  Machinery and equipment   7 years
  Vehicles   5 years