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ORGANIZATION AND NATURE OF BUSINESS (Tables)

12 Months Ended

Dec. 31, 2019

ORGANIZATION AND NATURE OF BUSINESS (Tables)

Schedule of foreign exchange rates

		December 31, 2019				December 31, 2018
Exchange rate on balance sheet dates
EUR: USD exchange rate			1.1227				1.1456
GBP: USD exchange rate			1.3185				1.2734
Average exchange rate for the period
EUR: USD exchange rate			1.1194				1.1817
GBP: USD exchange rate			1.2767				1.3348

Property and equipment

		Estimated Useful Life
Leasehold improvements and technical works			Lesser of lease term or 40 years
Vehicles			6 years
Machinery			20 years
Furniture, fixtures and equipment			5–10 years
Computers and software			3-5 years

Measured and recognized at fair value

		December 31, 2019												Total Carrying
		Level 1				Level 2				Level 3				Value
Marketable securities – ICC International Cannabis Corp.		$	33,000				-				-			$	33,000
Marketable securities – Divsersa S.A.			200,290				-				-				200,290
Marketable securities – National Bank of Greece			5,650				-				-				5,650
		$	238,940											$	238,940

		December 31, 2018												Total Carrying
		Level 1				Level 2				Level 3				Value
Marketable securities – ICC International Cannabis Corp.		$	2,500,000				-				-			$	2,500,000
Marketable securities – Divsersa S.A.			210,790				-				-				210,790
Marketable securities – National Bank of Greece			2,100				-				-				2,100
		$	2,712,890											$	2,712,890

Schedule of contribution towards revenue and account receivable

		Year Ended December 31,				Year Ended December 31,
		2019				2018
Number of 10% clients			0				2
Percentage of total revenue			n/a				26.49	%
Percentage of total AR			n/a				4.94	%

Basic and Diluted Net Loss per Common Share

		Years Months Ended December 31,
		2019				2018
Weighted average number of common shares outstanding Basic			13,273,596				13,306,612
Potentially dilutive common stock equivalents			42,808				257,155
Weighted average number of common and equivalent shares outstanding – Diluted			13,273,596				13,306,612

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Tabular disclosure of the presentation of foreign exchange contracts on the statement of financial position, including the fair value amounts and location of such amounts.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959

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