Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.20.2
Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2020
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
    March 31,
    2020   2019
         
Hotel rooms and events   $ 206,255     $ 259,620  
Restaurants     59,516       65,923  
Winemaking     1,043       90,542  
Golf, tennis and other     29,423       24,410  
Clothes and accessories     749       -  
Total revenues   $ 296,986     $ 440,495  
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:

 

    March 31,  
    2020     2019  
Options     9,331,890       10,549,265  
Warrants     538,342       1,132,609  
Series B convertible preferred stock     9,026,700       9,026,700  
Convertible debt     2,511,590 [1]     1,987,070 [2]
Total potentially dilutive shares     21,408,521       22,695,644