Note 4 - Property, Plant and Improvements, Net

6 Months Ended

Jun. 30, 2018

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

NOTE

4

– PROPERTY, PLANT AND IMPROVEMENTS

, NET

Property, plant and improvements, net consists of the following:

	June 30, 2018			December 31, 2017
Improvements in process	$	1,436,278		$	1,430,839
Furniture and equipment		17,668			17,668
Accumulated depreciation		(8,130	)		(3,092	)
Net property, plant and improvements	$	1,445,816		$	1,445,415

Depreciation expense was

$4,596

and

$441

for the

three

-months ended

June 30, 2018

and

2017,

respectively, and

$5,038

and

$883

for the

six

months ended

June 30, 2018

and

2017,

respectively.

Improvements in process as of

June 30, 2018

and

December 31, 2017,

consists almost entirely of improvements to leased facilities at

20

North Rear Road. These represent the capitalized costs the Company incurred in constructing the improvements. As of

June 30, 2018,

$166,163

of the leasehold improvements are being amortized.

At this time, the Company cannot make the final additions that will be necessary for the sites to function as growing spaces, although there are currently grow rooms outfitted and ready to grow.