Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 6 Months Ended
Jun. 30, 2021
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 Six Months Ended  
    June 30,     June 30,  
    2021     2020     2021     2020  
                         
Hotel rooms and events   $ 16,500     $ 3,507     $ 121,679     $ 209,762  
Restaurants     175,477       5,864       303,495       65,380  
Winemaking     28,385       20,844       47,050       21,887  
Golf, tennis and other     104,989       87,117       121,607       116,540  
Clothes and accessories     15,009       -       21,568       749  
Total revenues   $ 340,360     $ 117,332     $ 615,399     $ 414,318  
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:

 

    June 30,  
    2021     2020  
             
Options     601,033       598,659  
Warrants     2,813,485       31,642  
Series B convertible preferred stock     -       600,713  
Convertible debt     -       229,563 [1]
Total potentially dilutive shares     3,414,518       1,460,577  

 

[1] As of June 30, 2020, certain of the convertible notes had variable conversion prices and the potentially dilutive shares were estimated based on market conditions.