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Marketable Securities
3 Months Ended
Mar. 31, 2019
Investments, Debt and Equity Securities [Abstract]  
Marketable Securities

Note 4 – Marketable Securities

 

The Company owns marketable securities (common stock) as of March 31, 2019, and December 31, 2018 is outlined below:

 

  

March 31,

2019

 

December 31,

2018

Beginning balance  $8,703   $41,862 
Unrealized gain (loss) marked to fair value   13,881    (33,159)
Ending balance  $22,584   $8,703 

 

800 Commerce, Inc. (now known as Petrogress, Inc), was a commonly controlled entity until February 29, 2016, owed Agritek $282,947 as of February 29, 2016, as a result of advances received from or payments made by Agritek on behalf of 800 Commerce. These advances were non-interest bearing and were due on demand. Effective February 29, 2016, the Company received 11,025 shares of common stock of Petrogress, Inc. as settlement of the $282,947 owed to the Company. The market value on the date the Company received the shares of common stock was $16,525.