INVESTMENT

12 Months Ended

Dec. 31, 2021

GOODWILL AND INTANGIBLE ASSETS

INVESTMENT

NOTE 9 – INVESTMENT

In accordance with ASC 325-20, equity securities that do not have readily determinable fair values (i.e., non-marketable equity securities) and are not required to be accounted for under the equity method are typically carried at cost (i.e., cost method investments). Investments of this nature are initially recorded at cost.

As of December 31, 2021 and 2020, our investment, at cost, consisted of the following (in thousands):

	December 31, 2021			December 31, 2020
Investment in Releaf Europe BV	$	566		$	509
Valuation reserve		(350	)		-
Investment, net	$	216		$	509

As of December 31, 2021 and 2020, the net investment is based on management’s best estimate of net realizable value, which resulted a valuation reserve amount of $0.4 million and $0, respectively.