| SCHEDULE OF DISAGGREGATION OF REVENUE |
The
following table summarizes the revenue recognized in the Company’s condensed consolidated statements of operations:
SCHEDULE OF DISAGGREGATION OF REVENUE
| |
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
| |
|
For the Three Months Ended |
|
|
For the Six Months Ended |
|
| |
|
June 30, |
|
|
June 30, |
|
| |
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Real estate sales |
|
$ |
154,959 |
|
|
$ |
- |
|
|
$ |
154,959 |
|
|
$ |
184,658 |
|
| Hotel rooms and events |
|
|
218,838 |
|
|
|
144,123 |
|
|
|
464,525 |
|
|
|
283,222 |
|
| Restaurants |
|
|
56,989 |
|
|
|
40,323 |
|
|
|
136,007 |
|
|
|
57,593 |
|
| Agricultural |
|
|
162,764 |
|
|
|
153,531 |
|
|
|
162,764 |
|
|
|
181,029 |
|
| Golf, tennis and other |
|
|
29,126 |
|
|
|
28,366 |
|
|
|
56,983 |
|
|
|
53,467 |
|
| Clothes and accessories |
|
|
42,381 |
|
|
|
6,112 |
|
|
|
107,763 |
|
|
|
11,274 |
|
| Total revenues |
|
$ |
710,975 |
|
|
$ |
405,335 |
|
|
$ |
1,158,742 |
|
|
$ |
830,932 |
|
|
| 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:
SCHEDULE OF ANTIDILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE
| |
|
2023 |
|
|
2022 |
|
| |
|
As of June 30, |
|
| |
|
2023 |
|
|
2022 |
|
| |
|
|
|
|
|
|
| Options |
|
|
34,806 |
|
|
|
561,027 |
|
| Warrants |
|
|
4,839,254 |
|
|
|
2,024,166 |
|
| Unvested restricted stock units |
|
|
516,277 |
|
|
|
- |
|
| Convertible debt |
|
|
12,516,374 |
[1] |
|
|
5,479,255 |
[2] |
| Total potentially dilutive shares |
|
|
17,906,711 |
|
|
|
8,064,448 |
|
| |
[1] |
Represents shares issuable upon conversion of $4,893,983 of
convertible debt, $734,097 of redemption premium and $8,293 of related accrued interest outstanding as of June 30, 2023, at a conversion
price of $0.4503 per share, which represents the conversion price in effect as of June 30, 2023. The conversion price of such debt is variable
and is not subject to a floor price (see Note 10, Convertible Debt Obligations). |
| |
|
|
| |
[2] |
Represents shares issuable upon conversion of principal and
interest outstanding in the aggregate amount of $5,205,292 at a conversion price of $0.95 per share. |
|