FAIR VALUE MEASUREMENTS (Details Narrative) - USD ($) |
1 Months Ended | 3 Months Ended | |
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Mar. 30, 2020 |
Mar. 31, 2021 |
Dec. 31, 2020 |
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Investment | $ 330,000 | $ 330,000 | |
Edible Garden Corp [Member] | |||
Estimated fair value of the options | 330,000 | ||
Consideration received under agreement, description | The consideration paid for the Business included two option agreements to purchase up to a 20% interest in the Purchaser for a nominal fee. The first option gives the Company the right to purchase a 10% interest in the Purchaser for one dollar at any time between the one and five-year anniversary of the transaction, or at any time should a change in control event or public offering occur. The second option gives the Company the right to purchase an additional 10% interest in the Purchaser for one dollar at any point prior to the five-year anniversary of the transaction | ||
Payment of secured promissory note | $ 3,000,000 | ||
Hydrofarm [Member] | |||
Payment of secured promissory note | $ 3,000,000 | ||
Warrants, value | $ 10,450,000 | ||
Shares, Outstanding | 593,261 | ||
Investment | $ 29,810,000 | ||
Stock price | $ 60.32 | ||
Warrant purchase | 296,630 | ||
Exercise price | $ 16.86 |
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- Definition Sum of the carrying amounts as of the balance sheet date of all investments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash inflow associated with the amount received from holders exercising their stock warrants. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The cash outflow to repay long-term debt that is wholly or partially secured by collateral. Excludes repayments of tax exempt secured debt. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Price of a single share of a number of saleable stocks of a company. No definition available.
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- Definition Number of shares issued which are neither cancelled nor held in the treasury. No definition available.
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- Definition Number of share options (or share units) exercised during the current period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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