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ORGANIZATION, NATURE OF BUSINESS AND GOING CONCERN (Tables)
12 Months Ended
Dec. 31, 2021
ORGANIZATION AND NATURE OF BUSINESS  
Fair value a measured and recognized asset

 

 

December 31,

2021

 

 

December 31,

2020

 

Exchange rate on balance sheet dates

 

 

 

 

 

 

EUR: USD exchange rate

 

 

1.1318

 

 

 

1.2230

 

GBP: USD exchange rate

 

 

1.3500

 

 

 

1.3662

 

 

 

 

 

 

 

 

 

 

Average exchange rate for the period

 

 

 

 

 

 

 

 

EUR: USD exchange rate

 

 

1.1830

 

 

 

1.1410

 

GBP: USD exchange rate

 

 

1.3764

 

 

 

1.2829

 

 

 

December 31, 2021

 

 

Total Carrying

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Value

 

Marketable securities – ICC International Cannabis Corp.

 

$-

 

 

 

-

 

 

 

-

 

 

$-

 

Marketable securities – Diversa S.A.

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Marketable securities – National Bank of Greece

 

 

6,696

 

 

 

-

 

 

 

-

 

 

 

6,696

 

 

 

$6,696

 

 

 

 

 

 

 

 

 

 

$6,696

 

 

 

December 31, 2020

 

 

Total Carrying

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Value

 

Marketable securities – ICC International Cannabis Corp.

 

$-

 

 

 

-

 

 

 

-

 

 

$-

 

Marketable securities – Diversa S.A.

 

 

218,183

 

 

 

-

 

 

 

-

 

 

 

218,183

 

Marketable securities – National Bank of Greece

 

 

4,609

 

 

 

-

 

 

 

-

 

 

 

4,609

 

 

 

$222,792

 

 

 

 

 

 

 

 

 

 

$222,792

 

 

 

Year Ended

December 31,

 

 

Year Ended

December 31,

 

 

 

2021

 

 

2020

 

 

 

 

 

 

 

 

Number of 10% clients

 

 

1

 

 

 

1

 

Percentage of total revenue

 

 

15.33%

 

 

14.82%

Percentage of total AR

 

 

35.08%

 

 

14.65%

 

 

Years Ended December 31,

 

 

 

2021

 

 

2020

 

Weighted average number of common shares outstanding Basic

 

 

16,423,335

 

 

 

13,270,097

 

Potentially dilutive common stock equivalents

 

 

-

 

 

 

37,698

 

Weighted average number of common and equivalent shares outstanding – Diluted

 

 

16,423,335

 

 

 

13,307,795

 

Schedule of 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