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DEBT (Tables)
 12 Months Ended
Dec. 31, 2019
DEBT (Tables)  
Summary of debt

December 31, 2019

 

Loan Facility

 

 

Bridge Loans

 

 

Trade Facility

 

 

Third Party

 

 

Total

 

Beginning balance

 

 $ 3,078,442

 

 

 $ 191,287

 

 

 $ 6,291,199

 

 

 $ 242,805

 

 

 $ 9,803,733

 

Proceeds

 

 

 -

 

 

 

 -

 

 

 

 -

 

 

 

 2,500,000

 

 

 

 2,500,000

 

Payments

 

 

 -

 

 

 

 -

 

 

 

 -

 

 

 

 (227,912 )

 

 

 (227,912 )

Foreign currency translation

 

 

 -

 

 

 

 -

 

 

 

 (45,799 )

 

 

 (298 )

 

 

 (46,097 )

Ending Balance

 

 $ 3,078,442

 

 

 $ 191,287

 

 

 $ 6,245,400

 

 

 $ 2,514,595

 

 

 $ 12,029,724

 

 

December 31, 2018

 

Loan Facility

 

 

Bridge Loans

 

 

Trade Facility

 

 

Third Party

 

 

Debt Discount

 

 

Total

 

Beginning balance

 

 $ 3,118,442

 

 

 $ 204,965

 

 

 $ 6,728,605

 

 

 $ 27,651

 

 

 $ (126,763 )

 

 $ 9,952,900

 

Proceeds

 

 

 -

 

 

 

 -

 

 

 

 312,309

 

 

 

 1,580,000

 

 

 

 -

 

 

 

 1,892,309

 

Payments

 

 

 -

 

 

 

 -

 

 

 

 (1,156,700 )

 

 

 (90,000 )

 

 

 -

 

 

 

 (1,246,700 )

Transfer to related party

 

 

 -

 

 

 

 -

 

 

 

 -

 

 

 

 (1,500,000 )

 

 

 -

 

 

 

 (1,500,000 )

Forgiveness of debt

 

 

 (40,000 )

 

 

 (13,678 )

 

 

 -

 

 

 

 -

 

 

 

 -

 

 

 

 (53,678 )

Amendment

 

 

 -

 

 

 

 -

 

 

 

 661,645

 

 

 

 -

 

 

 

 -

 

 

 

 661,645

 

Acquisition of Cosmofarm

 

 

 -

 

 

 

 -

 

 

 

 -

 

 

 

 227,912

 

 

 

 -

 

 

 

 227,912

 

Foreign currency translation

 

 

 -

 

 

 

 -

 

 

 

 (254,660 )

 

 

 (2,758 )

 

 

 -

 

 

 

 (257,418 )

Amortization

 

 

 -

 

 

 

 -

 

 

 

 -

 

 

 

 -

 

 

 

 126,763

 

 

 

 126,763

 

Ending Balance

 

 $ 3,078,442

 

 

 $ 191,287

 

 

 $ 6,291,199

 

 

 $ 242,805

 

 

 $ -

 

 

 $ 9,803,733