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5. INVESTMENTS
9 Months Ended
Sep. 30, 2018
Equity Method Investments And Joint Ventures [Abstract]  
INVESTMENTS

Note 5 – Investments

Our 18.75% ownership interest in Almaden Energy Group, LLC (“AEG”), which became effective April 15, 2015, was sold July 16, 2018 to CMAC Agriculture, LLC (“CMAC”) and we received 3.375% ownership interest in CMAC in return. The sale included all AEG assets, intellectual property, and the license agreement with our company.

The Giant King Grass supply contract with Almaden Energy Group, LLC. (“AEG”) we entered into on April 13, 2015 included a license to grow Giant King Grass only for animal feed, nursery and research purposes anywhere within the 48 contiguous United States. AEG was permitted to sell Giant King Grass anywhere in the world with the exception of the State of Hawaii. The CEO of AEG is also the former CEO and current member of the Board of Directors of the Company.

We also own an 18.75% interest in Viaspace California, Inc (“VSCA”), a company formed on March 1, 2018.  VSCA is developing a business related to Cannabidiol (“CBD”), a cannabis compound that has significant medical benefits. The method of accounting for the investment is the equity method because a shareholder and controlling shareholder, both directors of Viaspace, along with the company collectively, has more than 50% control of Viaspace California. Dividends are recognized in income when declared and totaled $0 for the period ending September 30, 2018. The carrying value of the investment is $0 as of September 30, 2018.

On June 1, 2017, we acquired a 2.91% interest in Clean Energy Solutions, LLC’s (“CES”) outstanding membership interest units. We have accounted for this investment by the cost method because the membership interest units of that company are unlisted and the criteria for using the equity method of accounting are not satisfied as we are not able to exercise significant influence over CES. CES is a customer of the Company who is in discussion for future GKG contracts. At September 30, 2018, our interest in CES is recorded at $0.