Class of Stock [Axis]
Series A Preferred Stock
Series B-1 Preferred Stock
Series B-2 Preferred Stock
Series C Preferred Stock
Fair Value, Hierarchy [Axis]
Level 3
Series D Preferred Stock
Equity Components [Axis]
Common Stock
Additional Paid in Capital
Accumulated Deficit
Non-controlling Interest
Fair Value Hierarchy and NAV [Axis]
Level 1
Level 2
Antidilutive Securities [Axis]
Stock Warrants
Stock Options
Convertible Debt
Convertible Preferred Stock
Finite-Lived Intangible Assets by Major Class [Axis]
Hemp Farming License
Farm Leases
Debt Instrument [Axis]
Convertible Note 1
Convertible Note 2
Statistical Measurement [Axis]
Minimum
Maximum
Series E Preferred Stock
Common Stock - Unissued
Business Acquisition [Axis]
Exactus One World
Business Combination, Separately Recognized Transactions [Axis]
Green Goddess Extracts, LLC
Trademark
Customer List
Levor, LLC
Brand
Property, Plant and Equipment, Type [Axis]
Greenhouse
Fencing and Storage
Irrigation
Office and Computer Equipment
Farming Equipment
Leasehold Improvement
Restricted Stock to be Issued Upon Vesting
Related Party [Axis]
C2M
Due from Related Parties
Revision of Prior Period [Axis]
Previously Reported
Adjustments
Cover [Abstract]
Entity Registrant Name
Entity Central Index Key
Document Type
Document Period End Date
Amendment Flag
Current Fiscal Year End Date
Is Entity's Reporting Status Current?
Entity Filer Category
Entity Emerging Growth Company
Entity Small Business
Entity Shell Company
Entity Interactive Data Current
Entity Incorporation, State or Country Code
Entity File Number
Entity Common Stock, Shares Outstanding
Document Fiscal Period Focus
Document Fiscal Year Focus
Statement [Table]
Statement [Line Items]
ASSETS
Current Assets:
Cash and cash equivalents
Accounts receivable, net
Accounts receivable - related party
Inventory
Prepaid expenses and other current assets - current
Prepaid expenses and other current assets - related party - current
Due from related parties
Total current assets
Other Assets:
Deposits
Prepaid expenses and other current assets - long term
Prepaid expesnes and other current assets - related party - long-term
Property and equipment, net
Intangible assets, net
Operating lease right-of-use assets, net
Total other assets
TOTAL ASSETS
LIABILITIES AND EQUITY (DEFICIT)
Current Liabilities:
Accounts payable
Accounts payable - related party
Accrued expenses
Unearned revenues
Unearned revenue -related party
Notes payable - current portion
Note payable - related parties
Subscription payable
Convertible notes, net of discounts
Derivative liability
Interest payable
Due to related party
Operating lease liabilities, current portion
Total current liabilities
Long Term Liabilities:
Convertible notes payable
Notes payable - long-term portion
Operating lease liabilities, long-term portion (see Note 7)
Total long term liabilities
TOTAL LIABILITIES
Commitments and contingencies (see note 11)
Equity (Deficit):
Preferred stock
Common stock: 650,000,000 shares authorized; $0.0001 par value, 53,213,244 and 43,819,325 shares issued and outstanding, respectively
Common stock to be issued (100,000 and 664,580 shares to be issued, respectively)
Additional paid-in capital
Due from related parties
Accumulated deficit
Total Exactus Inc. Stockholders' Equity (Deficit)
Non-controlling interest in subsidiary
Total Equity (Deficit)
TOTAL LIABILITIES AND EQUITY (DEFICIT)
Preferred stock, shares authorized
Preferred stock, par value per share
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, shares authorized
Common stock, par value per share
Common stock, shares issued
Common stock, shares outstanding
Common stock to be issued
Income Statement [Abstract]
Net revenues
Net revenues - related party
Net revenues
Cost of sales
Cost of sales - related party
Total cost of sales
Gross profit (loss)
Operating Expenses:
General and administration
Impairment expense
Selling and marketing expenses
Professional and consulting
Research and development
Total operating expenses
Loss from Operations
Other Income (Expenses):
Derivative gain (loss)
Gain on extinguishment of debt, net
(Loss) gain on settlement of debt, net
Interest expense
Total Other Income (Expenses), net
Loss Before Provision for Income Taxes
Provision for income tax
Net Loss
Net Loss attributable to non-controlling interest
Net Loss Attributable to Exactus, Inc.
Deemed dividend on Preferred Stock
Net Loss available to Exactus, Inc. common stockholders
Net Loss per Common Share - Basic and Diluted
Net Loss attributable to non-controlling interest per Common Share - Basic and Diluted
Net Loss available to Exactus, Inc. common stockholders per Common Share - Basic and Diluted
Weighted Average Number of Common Shares Outstanding: Basic and Diluted
Beginning balance, shares
Beginning balance, amount
Preferred stock issued upon convesion of convertible debt, shares
Preferred stock issued upon convesion of convertible debt, amount
Preferred stock issued for private placement, shares
Preferred stock issued for private placement, amount
Common stock issued for private placement, shares
Common stock issued for private placement, amount
Common stock issued for Master Supply, shares
Common stock issued for Master Supply, amount
Common stock issued for debt settlement, shares
Common stock issued for debt settlement, amount
Series D preferred stock issued for cash, shares
Series D preferred stock issued for cash, amount
Series D preferred stock issued for debt, shares
Series D preferred stock issued for debt, amount
Common stock issued for prepaid services, shares
Common stock issued for prepaid services, amount
Common stock issued for services, shares
Common stock issued for services, amount
Common stock issued for purchase of membership interest in subsidiary, shares
Common stock issued for purchase of membership interest in subsidiary, amount
Common stock and preferred stock cancelled per Surrender and Release Agreement, shares
Common stock and preferred stock cancelled per Surrender and Release Agreement, amount
Preferred stock issued pursuant to Management and Services Agreement, shares
Preferred stock issued pursuant to Management and Services Agreement, amount
Conversion of Series A Preferred Stock to Common Stock, shares
Conversion of Series A Preferred Stock to Common Stock, amount
Conversion of Series B-1 Preferred Stock to Common Stock, shares
Conversion of Series B-1 Preferred Stock to Common Stock, amount
Conversion of Series B-2 Preferred Stock to Common Stock, shares
Conversion of Series B-2 Preferred Stock to Common Stock, amount
Conversion of Series D Preferred Stock to Common Stock, shares
Conversion of Series D Preferred Stock to Common Stock, amount
Common stock issued upon convesion of convertible debt, shares
Common stock issued upon convesion of convertible debt, amount
Common stock issued in connection with forbearance agreement, shares
Common stock issued in connection with forbearance agreement, amount
Common stock unissued for pursuant to Asset Purchase Agreement, shares
Common stock unissued for pursuant to Asset Purchase Agreement, amount
Stock warrants granted for services
Stock options granted for services
Common stock issued for exercise of stock options, shares
Common stock issued for exercise of stock options, amount
Common stock issued for unissued common stock, shares
Common stock issued for unissued common stock, amount
Stock-based compensation in connection with restricted common stock award grants, shares
Stock-based compensation in connection with restricted common stock award grants, amount
Due from related parties reclassified to equity
Deemed dividend on Preferred Stock
Net loss for the period
Ending balance, shares
Ending balance, amount
Statement of Cash Flows [Abstract]
Cash Flows From Operating Activities:
Net loss
Adjustments to reconcile net loss to cash used in operations:
Depreciation
Derivative (gain) loss
Gain on extinguishment of debt, net
Stock-based compensation
Bad debt expense
Inventory reserve
Amortization of prepaid stock-based expenses
Amortization of discount and debt issuance costs for convertible notes
Amortization of intangible assets
Amortization of operating lease right-of-use assets
Non-cash interest expense
Loss (gain) on settlement of debt
Changes in operating assets and liabilities:
(Increase) decrease in operating assets:
Accounts receivable
Accounts receivable - related party
Inventory
Advance to supplier - related party
Prepaid expenses and other current assets - current
Prepaid expenses and other current assets - long term
Deposit
Increase (decrease) in operating liabilities:
Accounts payable
Accounts payable - related party
Accrued expenses
Unearned revenues
Unearned revenues - related party
Settlement payable
Interest payable
Operating lease liabilities
Net Cash Used In Operating Activities
Cash Flows From Investing Activities:
Purchase of membership interest in subsidiary
Purchase of property and equipment
Net Cash Used In Investing Activities
Cash Flows From Financing Activities:
Advances from related party
Repayments on related party advances
Increase in due from related parties classified in equity
Proceeds from sale of Common Stock
Proceeds from exercise of stock options
Payments of principal on notes payable
Proceeds from issuance of notes payable
Payments of principal on convertible notes
Proceeds from issuance of convertible notes, net of issuance cost
Net Cash Provided By Financing Activities
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period
Supplemental Cash Flow Information:
Cash paid for interest and finance charges
Cash paid for taxes
Non-Cash transactions investing and financing activity:
Proceeds from sale of Series A preferred stock paid directly to settle debts
Convertible notes and interest payable settled by Series A preferred stock issued
Accounts payable settled by common stock issued
Note payable, accrued expense and interest payable settled by common stock issued
Convertible notes settled by common stock issued
Common stock issued for purchase of membership interest in subsidiary
Common stock and preferred stock issued for prepaid services
Common stock issued pursuant to asset purchase agreement
Increase in intangible assets for subscription payable
Increase in inventory for subscription payable
Initial beneficial conversion feature and debt discount on convertible notes
Preferred deemed dividend
Operating lease right-of-use assets and operating lease liabilities recorded upon adoption of ASC 842
Reduction of operating lease right-of-use asset and operating lease liabilities
Prepaid expenses directly paid by a related party
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF ORGANIZATION
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Business Combinations [Abstract]
ACQUISITION OF ASSETS AND OWNERSHIP
Inventory Disclosure [Abstract]
INVENTORY
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT
Finite-Lived Intangible Assets, Net [Abstract]
INTANGIBLE ASSET
Leases [Abstract]
OPERATING LEASE RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES
Debt Disclosure [Abstract]
NOTES PAYABLE
CONVERTIBLE NOTES PAYABLE
Stockholders' Equity Attributable to Parent [Abstract]
STOCKHOLDERS' EQUITY (DEFICIT)
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES
Related Party Transactions [Abstract]
RELATED PARTY CONSIDERATIONS
Risks and Uncertainties [Abstract]
CONCENTRATION OF REVENUE AND SUPPLIER
Accounting Changes and Error Corrections [Abstract]
RESTATEMENT OF PRIOR FINANCIAL INFORMATION
Subsequent Events [Abstract]
SUBSEQUENT EVENTS
Basis of presentation and principles of consolidation
Going concern
Use of Estimates
Fair Value Measurements
Cash and Cash Equivalents
Accounts receivable and allowance for doubtful accounts
Prepaid Expenses and Other Current Assets
Inventory
Property and Equipment
Impairment of long-lived assets
Derivatives and Hedging- Contracts in Entity's Own Equity
Revenue Recognition
Cost of Sales
Research and Development Expenses
Advertising Costs
Shipping and Handling Costs
Reclassifications
Stock-Based Compensation
Related Parties
Earnings per Share
Income Taxes
Non-controlling interests in consolidated financial statements
Gain (loss) on Modification/Extinguishment of Debt
Leases
Recent Accounting Pronouncements
Financial instruments at fair value on a recurring basis
Roll forward of the level 3 valuation financial instruments
Anti-dilutive securities
Purchase consideration
Inventory
Property and equipment
Intangible assets
Right-of-use asset
Operating lease liability
Minimum lease payments under non-cancelable operating lease
Summary of notes payable
Minimum principal payments under notes payable
Convertible notes payable
Assumptions
Warrant activity
Stock option activity
Fair value assumptions
Restricted common stock
Summary of restatement of financial statements
Date of incorporation
State of incorporation
Derivative liabilities
Balance, beginning
Transfers out due to conversions of convertible notes into common shares
Change in fair value included in derivative gain
Balance, ending
Anti-dilutive securities
Net loss
Net cash used in operations
Working capital deficit
Proceeds from sale of common stock
Related party advances
Proceeds from issuance of note
Uninsured cash
Allowance for doubtful accounts
Prepaid expenses and other current assets
Prepaid expenses and other current assets - long-term
Total impairment expense
Advertising costs
Shipping and handling costs
Intangible assets
Inventory
Total assets acquired at fair value
Total purchase consideration
Finished goods - hemp flowers and hemp cuttings
Long-Lived Tangible Asset [Axis]
Property and equipment, gross
Less: accumulated depreciation
Less: Impairment expense
Estimate life
Depreciation expense
Impairment expense
Intangible assets, gross
Less: accumulated amortization
Less: impairment expense
Farm lease ROU
Less accumulated amortization
Less: impairment expense
Right-of-use asset
Reduction of lease liability
Total
Less: current portion
Long term portion of lease liability
Year ended December 31, 2020
Year ended December 31, 2021
Year ended December 31, 2022
Total
Less: undiscounted payments during the nine months ended September 30, 2020
Total undiscounted future minimum lease payments due as of September 30, 2020
Imputed interest
Total operating lease liability
Principal amount
Notes payable - current portion
Year ended December 31, 2020
Year ended December 31, 2021
Year ended December 31, 2022
Year ended December 31, 2023
Year ended December 31, 2024 and thereafter
Total principal payments
Interest expense
Accrued interest
Carrying amount of convertible debt
Less: current portion
Convertible notes, long term
Principal amount
Add: amortization of redemption premiums
Less: redemption premium payments
Less: principal payments
Less unamortized debt discount and debt issuance costs
Current debt less unamortized debt discount and debt issuance costs
Expected volatility
Expected term
Risk free rate
Dividend rate
Interest expense
Debt discount amortization
Accrued interest
Number of warrants outstanding, beginning
Number of warrants granted
Number of warrants cancelled
Number of warrants exercised
Number of warrants forfeited
Number of warrants outstanding, ending
Number of warrants exercisable
Weighted average exercise price outstanding, beginning
Weighted average exercise price granted
Weighted average exercise price cancelled
Weighted average exercise price exercised
Weighted average exercise price forfeited
Weighted average exercise price outstanding, ending
Weighted average exercise price exercisable
Weighted average fair value of warrants granted during the period
Weighted average remaining contractual life outstanding, beginning
Weighted average remaining contractual life granted
Weighted average remaining contractual life outstanding, ending
Weighted average remaining contractual life exercisable
Number of options outstanding, beginning
Number of options granted
Number of options exercised
Number of options forfeited
Number of options outstanding, ending
Number of options exercisable
Weighted average exercise price outstanding, beginning
Weighted average exercise price granted
Weighted average exercise price exercised
Weighted average exercise price forfeited
Weighted average exercise price outstanding, ending
Weighted average exercise price, exercisable
Weighted average remaining contractual life outstanding, beginning
Weighted average remaining contractual life granted
Weighted average remaining contractual life exercised
Weighted average remaining contractual life forfeited
Weighted average remaining contractual life outstanding, ending
Weighted average remaining contractual life exercisable
Risk-free interest rate
Expected volatility
Expected term (in years)
Expected dividend yield
Restricted Common Stock
Granted
Vested and issued
Forfeited
Restricted Common Stock
Weighted average grant date fair value, beginning
Granted
Vested and issued
Forfeited
Weighted average grant date fair value, ending
Current assets
Current liabilities
Working capital (deficit)
Total assets
Total liabilities
Total stockholders' equity
Revenues
Operating expenses
Loss from operations
Other income (expenses)
Net Loss available to Exactus, Inc. common stockholders
Basic & diluted EPS
Custom Element.
Custom Element.
Other Assets
Liabilities, Noncurrent
Due from Related Parties [Default Label]
Stockholders' Equity Attributable to Parent
Liabilities and Equity
Costs and Expenses
Gross Profit
Interest Expense
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest
Current Income Tax Expense (Benefit)
Income (Loss) Attributable to Noncontrolling Interest, before Tax
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent
Preferred Stock Dividends and Other Adjustments
Shares, Outstanding
DerivativeGainLossOnDerivative
GainsLossesOnSettlementOfDebt
Increase (Decrease) in Accounts Receivable
Increase (Decrease) in Accounts Receivable, Related Parties
Increase (Decrease) in Inventories
Increase (Decrease) in Prepaid Expense
Increase (Decrease) in Prepaid Expenses, Other
Increase (Decrease) in Deposit Assets
Increase (Decrease) in Accounts Payable
Increase (Decrease) in Accounts Payable, Related Parties
Increase (Decrease) in Accrued Liabilities
IncreaseDecreaseInUnearnedRevenues
Increase (Decrease) in Interest Payable, Net
Payments to Acquire Additional Interest in Subsidiaries
Payments to Acquire Property, Plant, and Equipment
Net Cash Provided by (Used in) Investing Activities
Repayments of Related Party Debt
Repayments of Notes Payable
Repayments of Convertible Debt
Net Cash Provided by (Used in) Financing Activities
Cash and Cash Equivalents, Period Increase (Decrease)
Cash Equivalents, at Carrying Value
Inventory, Policy [Policy Text Block]
Schedule of Inventory, Current [Table Text Block]
Convertible Debt [Table Text Block]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment
PropertyEquipmentImpairmentExpense
PropertyPlantAndEquipmentImpairmentExpense
OperatingLeaseRightOfUseAssetImpairment
Lessee, Operating Lease, Liability, to be Paid
Lessee, Operating Lease, Liability, Undiscounted Excess Amount
Long-Term Debt, Maturity, Year One
Long-Term Debt, Maturity, Year Two
Long-Term Debt, Maturity, Year Three
Long-term Debt, Gross
Interest Expense, Long-term Debt
InterestPayable
Class of Warrant or Right, Outstanding
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Forfeitures
Class of Warrant or Right, Exercise Price of Warrants or Rights
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price
Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsGrantedWeightedAverageRemainingContractualTerm
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockOutstandingNumber
Restricted Stock Award, Forfeitures
RestrictedStockWeightedAverageGrantDateFairValueGranted
RestrictedStockWeightedAverageGrantDateFairValueVested