Note 10 - Sale of 50% Membership Interest in GB Sciences Louisiana, LLC (Tables)

9 Months Ended

Dec. 31, 2019

Notes Tables

Schedule of Note Receivable with Imputed Interest [Table Text Block]

Wellcana Note Receivable	Note Payments
June 1, 2020	$	500,000
September 1, 2020		750,000
December 1, 2020		1,000,000
March 1, 2020		1,250,000
June 1, 2021		1,500,000
September 1, 2021		1,500,000
December 1, 2021		1,500,000
TOTAL PAYMENTS		8,000,000
DISCOUNT ON NOTE RECEIVABLE		(1,389,408	)
NET PRESENT VALUE	$	6,610,592

Schedule of Deconsolidation [Table Text Block]

	As of
	November 15, 2019
Present value of promissory note	$	6,610,592
Carrying amount of non-controlling interest		8,707,651
TOTAL		15,318,243
Carrying amount of assets		14,715,798
Carrying amount of liabilities		(3,899,613	)
Net assets deconsolidated		10,816,185
GAIN ON DECONSOLIDATION	$	4,502,058