ACCRUED STOCK PAYABLE

12 Months Ended

Dec. 31, 2021

ACCRUED STOCK PAYABLE

ACCRUED STOCK PAYABLE

NOTE 12. ACCRUED STOCK PAYABLE

The following tables summarize the changes in accrued common stock payable:

			Number of
	Amount		Shares
Balance as of December 31, 2019	$	80,657		34,469
Employee stock award accrual		19,343		8,267
Consultant stock award		60,900		100,000
Investor stock award accrual		2,185,000		5,485,814
Warrant cashless exercises		33,961		259,415
Stock issued		(2,285,000)		(5,528,550)
Balance as of December 31, 2020	$	94,861		359,415
TREES Waterfront acquisition stock accrual		383,994		1,669,537
Stock issued		(33,961)		(259,415)
Balance as of December 31, 2021	$	444,894		1,769,537

On February 18, 2020 we granted a consultant 100,000 fully vested shares for consulting services.  Based on a stock price of $0.61 on the date of grant, the consultant will receive $60,900 worth of our common stock.   As of December 31, 2021, none of the stock had been issued.

In December 2020, several warrant holders exercised their 2020 A warrants through cashless exercises, and we issued 282,213 shares of common stock. 259,415 of those shares issued had not been transferred to the warrant holders as of December 31, 2020 and are included in accrued stock payable. See Note 13 for further details of the cashless exercises.

In December 2021, we completed the acquisition of TREES Waterfront. As part of the transaction, we granted 1,669,537 shares of our common stock. As of December 31, 2021 this stock had not been issued. The stock was subsequently issued on January 6, 2022.