Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.19.3
Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 2019
Accounting Policies [Abstract]  
Schedule of Revenue Recognized Multiple-Deliverable Arrangements

The following table summarizes the revenue recognized in the Company’s condensed consolidated statements of operations:

 

    For The Three Months Ended     For The Nine Months Ended  
    September 30,     September 30,  
    2019     2018     2019     2018  
                         
Real estate sales   $ 8,560     $ -     $ 8,560     $ 877,036  
Hotel room and events     140,778       194,848       508,134       582,427  
Restaurants     38,954       64,224       136,735       220,494  
Winemaking     29,069       68,055       131,949       295,226  
Golf, tennis and other [1]     13,870       112,855       155,081       139,114  
    $ 231,231     $ 439,982     $ 940,459     $ 2,114,297  

 

[1] Includes $94,303, respectively, of agricultural revenues resulting from the sale of grapes during the nine months ended September 30, 2019.
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following securities are excluded from the calculation of weighted average dilutive common shares because their inclusion would have been anti-dilutive:

 

    September 30,  
    2019     2018  
             
Options     9,631,890       9,473,593  
Warrants     627,404       1,332,045  
Series B convertible preferred stock     9,026,700       9,026,700  
Convertible debt     -       2,532,606  
Total potentially dilutive shares     19,285,994       22,364,944