Note 4 - Property, Plant and Improvements, Net

9 Months Ended

Sep. 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:

	September 30, 2018			December 31, 2017
Improvements in process	$	1,436,278		$	1,430,839
Furniture and equipment		17,668			17,668
Accumulated depreciation		(12,726	)		(3,092	)
Net property, plant and improvements	$	1,441,220		$	1,445,415

Depreciation expense was

$4,596

and

$442

for the

three

-months ended

September 30, 2018

and

2017,

respectively, and

$9,634

and

$1,325

for the

nine

months ended

September 30, 2018

and

2017,

respectively.

Improvements in process as of

September 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

September 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.