Quarterly report pursuant to Section 13 or 15(d)

Equity (Tables)

v3.19.1
Equity (Tables)
3 Months Ended
Mar. 31, 2019
Stockholders' Equity Note [Abstract]  
Schedule of Common Stock Transactions

The following table illustrates the common stock transactions for the the quarter ended March 31, 2019:

 

Category   Common Shares  
Cash, common shares     621,600  
         
Services, authorized but not issued     762,335  
Share Exchange and Ancillary Rights Agreement     11,666,998  
Total     13,050,933  

Schedule of Issuance of Warrants

    Warrants Issued     Exercise Price     Expiration Date  
May 11, 2017     6,038,462     $ .50       May 11, 2020  
February 23, 2018     232,334     $ 6.00       February 23, 2021  
October 5, 2018     517,800     $ 2.50       October 5, 2020  
March 8, 2019     207,200     $ 1.75       March 7, 2021  
Total     6,995,796                  

Schedule of Sale of Equity in Subsidiaries

On March 29, 2019 the Company sold partial interests in its wholly owned subsidiaries to an investor as follows:

 

Subsidiary   % Sold     Amount Received  
Point Arena Manufacturing, LLC     1.5 %   $ 125,001  
Point Arena Distribution, LLC     1.0 %     50,000  
Green Room Palm Springs, LLC     1.5 %     158,571  
Total           $ 333,572  

 

As a result of the transaction, the Company reported $328,819 as additional paid in capital and $4,753 as included in non-controlling interest.

 

On February 19, 2019 the Company sold partial interests in its wholly owned subsidiaries to an investor as follows:

 

Subsidiary   % Sold     Amount Received  
Pure and Natural-Lakeway, LLC     49 %   $ 120,000  
Pure and Natural TN One, LLC     49 %     80,000  
                 
Total           $ 200,000  

Schedule of Effects of Changes in Ownership Interest

The following schedule discloses the effects of changes in the Company’s ownership interest in its subsidiaries on the Company’s equity:

 

    For the Quarter Ended  
    March 31, 2019  
Net loss attributable to GSRX Industries Inc.   $ (3,087,201 )
Net Loss Attributable to Non-Controlling Interests     (125,367 )
Change from net loss attributable to GSRX Industries Inc. and transfers to Non-Controlling Interest   $ (3,212,568 )