Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.19.2
Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 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 Six Months
Ended		  
    June 30,     June 30,  
    2019     2018     2019     2018  
                         
Real estate sales   $ -     $ 77,182     $ -     $ 877,036  
Hotel room and events     107,736       164,011       367,356       387,579  
Restaurants     31,858       66,173       97,781       156,270  
Winemaking     12,338       87,775       102,880       227,171  
Golf, tennis and other[1]     116,801       1,251       141,211       26,259  
    $ 268,733     $ 396,392     $ 709,228     $ 1,674,315  

 

[1] During the three and six months ended June 30, 2019, the Company recognized $94,207 of agricultural revenues resulting from the sale of grapes.
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,  
    2019     2018  
             
Options     7,409,375       7,973,593  
Warrants     992,166       1,376,875  
Series B convertible preferred stock     9,026,700       9,026,700  
Convertible debt     -       1,987,070  
Total potentially dilutive shares     17,428,241       20,364,238