Cover
Cover - shares | 6 Months Ended | |
Jun. 30, 2021 | Nov. 12, 2021 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Jun. 30, 2021 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2021 | |
Current Fiscal Year End Date | --12-31 | |
Entity File Number | 000-55896 | |
Entity Registrant Name | PINEAPPLE, INC. | |
Entity Central Index Key | 0001654672 | |
Entity Tax Identification Number | 47-5185484 | |
Entity Incorporation, State or Country Code | NV | |
Entity Address, Address Line One | 10351 Santa Monica Blvd. | |
Entity Address, Address Line Two | Suite 420 | |
Entity Address, City or Town | Los Angeles | |
Entity Address, State or Province | CA | |
Entity Address, Postal Zip Code | 90025 | |
City Area Code | 877 | |
Local Phone Number | 310-7675 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 89,771,569 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets - USD ($) | Jun. 30, 2021 | Dec. 31, 2020 |
Current Assets: | ||
Cash | ||
Total Current Assets | ||
Property and equipment (net of depreciation) | 11,835 | 14,917 |
Other Assets: | ||
Equity method investment | 8,926,312 | 9,488,616 |
Total Other Assets | 8,926,312 | 9,488,616 |
Total Assets | 8,938,147 | 9,503,533 |
Current Liabilities: | ||
Accounts payable and accrued liabilities | 713,565 | 869,911 |
Accounts payable and accrued liabilities related party | 136,159 | |
Accrued interest payable related party | 45,637 | 45,637 |
Accrued interest payable other | 6,771 | 6,771 |
Settlement payable related party | 615,000 | 615,000 |
Due to affiliates | 269,717 | 90,556 |
Notes payable, related party | 735,200 | 857,175 |
Note payable | 19,838 | 19,838 |
Advances on agreements | 169,000 | 169,000 |
Contingent liabilities | 100,048 | 100,048 |
Total Current Liabilities | 2,810,935 | 2,773,936 |
Total Liabilities | 2,810,935 | 2,773,936 |
Commitments and contingencies (note 12) | ||
Stockholders’ Equity: | ||
Preferred Stock, value | ||
Common stock, $0.0000001 par value, 500,000,000 shares authorized, 91,301,200 and 88,461,200 shares issued and outstanding as of June 30, 2021, and December 30, 2020, respectively | 8 | 8 |
Additional paid-in-capital | 21,581,078 | 21,297,078 |
Accumulated deficit | (15,453,874) | (14,567,489) |
Total Stockholders’ Equity | 6,127,212 | 6,729,597 |
Total Liabilities and Stockholders’ Equity | 8,938,147 | 9,503,533 |
Series A Convertible Preferred Stock [Member] | ||
Stockholders’ Equity: | ||
Preferred Stock, value |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares | Jun. 30, 2021 | Dec. 31, 2020 |
Preferred stock, par value | $ 0.00 | $ 0.00 |
Preferred stock, shares authorized | 20,000,000 | 20,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value | $ 0.00 | $ 0.00 |
Common stock, shares authorized | 500,000,000 | 500,000,000 |
Common stock, shares issued | 91,301,200 | 88,461,200 |
Common stock, shares outstanding | 91,301,200 | 88,461,200 |
Series A Convertible Preferred Stock [Member] | ||
Preferred stock, par value | $ 0.00 | $ 0.00 |
Preferred stock, shares authorized | 5,000,000 | 5,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Income Statement [Abstract] | ||||
Revenue | $ 0 | $ 0 | $ 0 | $ 0 |
Operating Expenses | ||||
General and administrative | 161,302 | 197,780 | 285,999 | 393,585 |
Depreciation | 1,541 | 1,622 | 3,082 | 3,779 |
Total Operating Expenses | 162,843 | 199,402 | 289,081 | 397,364 |
Operating loss | (162,843) | (199,402) | (289,081) | (397,364) |
Other Expense | ||||
Interest expense | 25,201 | 53,821 | ||
Stock-based compensation | 35,000 | 35,000 | ||
Loss from equity method investment | 279,112 | 47,684 | 562,304 | 97,852 |
Total Other Expense | 314,112 | 72,885 | 597,304 | 151,673 |
Loss from operations before taxes | (476,955) | (272,287) | (886,385) | (549,037) |
Provision for income taxes | ||||
Net Loss | $ (476,955) | $ (272,287) | $ (886,385) | $ (549,037) |
Net Loss Per Share – Basic and Diluted | $ (0.01) | $ 0 | $ (0.01) | $ (0.01) |
Weighted Average Common Shares – Basic and Diluted | 88,648,453 | 88,117,793 | 88,555,344 | 85,349,215 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Stock Payable [Member] | Total |
Balance at Dec. 31, 2019 | $ 7 | $ 14,139,607 | $ (13,418,661) | $ 720,953 | |
Balance, shares at Dec. 31, 2019 | 76,890,925 | ||||
Common stock issued for settlements of debt and payables | 440,220 | 440,220 | |||
Common stock issued for settlements of debt and payables, shares | 555,275 | ||||
Issuance of common shares for equity method investment | $ 1 | 5,499,999 | 5,500,000 | ||
Issuance of common shares for equity method investment, shares | 10,000,000 | ||||
Net loss | (276,750) | (276,750) | |||
Balance at Mar. 31, 2020 | $ 8 | 20,079,826 | (13,695,411) | 6,384,423 | |
Balance, shares at Mar. 31, 2020 | 87,446,200 | ||||
Balance at Dec. 31, 2019 | $ 7 | 14,139,607 | (13,418,661) | 720,953 | |
Balance, shares at Dec. 31, 2019 | 76,890,925 | ||||
Net loss | (549,037) | ||||
Balance at Jun. 30, 2020 | $ 8 | 20,280,626 | (13,967,698) | 6,312,936 | |
Balance, shares at Jun. 30, 2020 | 88,461,200 | ||||
Balance at Mar. 31, 2020 | $ 8 | 20,079,826 | (13,695,411) | 6,384,423 | |
Balance, shares at Mar. 31, 2020 | 87,446,200 | ||||
Common stock issued for compensation and debt extinguishment | 200,800 | 200,800 | |||
Common stock issued for compensation and debt extinguishment, shares | 1,015,000 | ||||
Net loss | (272,287) | (272,287) | |||
Balance at Jun. 30, 2020 | $ 8 | 20,280,626 | (13,967,698) | 6,312,936 | |
Balance, shares at Jun. 30, 2020 | 88,461,200 | ||||
Balance at Dec. 31, 2020 | $ 8 | 21,297,078 | (14,567,489) | 6,729,597 | |
Balance, shares at Dec. 31, 2020 | 88,461,200 | ||||
Common stock for cash to be issued | 147,000 | 147,000 | |||
Net loss | (409,430) | (409,430) | |||
Balance at Mar. 31, 2021 | $ 8 | 21,297,078 | (14,976,919) | 147,000 | 6,467,167 |
Balance, shares at Mar. 31, 2021 | 88,461,200 | ||||
Balance at Dec. 31, 2020 | $ 8 | 21,297,078 | (14,567,489) | 6,729,597 | |
Balance, shares at Dec. 31, 2020 | 88,461,200 | ||||
Net loss | (886,385) | ||||
Balance at Jun. 30, 2021 | $ 8 | 21,581,078 | (15,453,874) | 6,127,212 | |
Balance, shares at Jun. 30, 2021 | 91,301,200 | ||||
Balance at Mar. 31, 2021 | $ 8 | 21,297,078 | (14,976,919) | 147,000 | 6,467,167 |
Balance, shares at Mar. 31, 2021 | 88,461,200 | ||||
Common stock issued for cash | 249,000 | (147,000) | 102,000 | ||
Common stock issued for cash, shares | 2,490,000 | ||||
Common Shares issued for services | 35,000 | 35,000 | |||
Common Shares issued for services, shares | 350,000 | ||||
Net loss | (476,955) | (476,955) | |||
Balance at Jun. 30, 2021 | $ 8 | $ 21,581,078 | $ (15,453,874) | $ 6,127,212 | |
Balance, shares at Jun. 30, 2021 | 91,301,200 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 6 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Cash Flows from Operating Activities | ||
Net loss | $ (886,385) | $ (549,037) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Depreciation | 3,082 | 3,779 |
Stock-based compensation | 35,000 | |
Non-cash lease expense | (367) | |
Loss from equity method investment | 562,304 | 97,852 |
Stock-based compensation | 80,300 | |
Changes in operating assets and liabilities: | ||
Accounts payable and accrued liabilities | (101,946) | 24,950 |
Security deposits | 7,944 | |
Accounts payable and accrued liabilities related party | 136,159 | |
Accrued interest payable | 49,857 | |
Due to affiliates | 179,161 | 39,580 |
Net cash used in operating activities | (72,625) | (245,142) |
Cash Flows from Financing Activities | ||
Common stock to be issued for cash | 249,000 | |
Proceeds from related party notes payable | 9,825 | 248,043 |
Repayments of related party notes payable | (186,200) | (1,900) |
Net cash provided by financing activities | 72,625 | 246,143 |
Net Change in Cash | 1,001 | |
Cash, Beginning of Period | ||
Cash, End of Period | 1,001 | |
Supplemental Disclosures of Cash Flow Information | ||
Cash paid for interest | ||
Cash paid for taxes | ||
Supplemental Disclosures of Non-Cash Investing and Financing Activities | ||
Common stock issued for services | 35,000 | |
Common stock issued for prior year equity method investment | 5,500,000 | |
Common stock issued for prior year settlements | 440,220 | |
Common stock issued for debt extinguishment | 120,000 | |
Equity method investment exchanged for forgiveness of related party note payable and accrued interest | $ 1,062,000 |
Organization and Description of
Organization and Description of Business | 6 Months Ended |
Jun. 30, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization and Description of Business | Note 1 – Organization and Description of Business Pineapple, Inc. (“Pineapple” or the “Company”) was originally formed in the state of Nevada under the name Global Resources, Ltd. on August 3, 1983. On April 12, 1999, the Company changed its name to “Helixphere Technologies Inc.” On October 2, 2013, the Company changed its name to “New China Global Inc.” On October 30, 2013, the Company filed its Articles of Continuance with the Secretary of State of Wyoming pursuant to which the Company was re-domiciled from the State of Nevada to the State of Wyoming. On July 15, 2014, the Company filed an amendment to its Articles of Incorporation to change its name from “New China Global Inc.” to “Globestar Industries.” On August 24, 2015, the Company entered into a Share Exchange Agreement (the “BBC Agreement”) with Better Business Consultants, Inc. (“BBC”), a corporation incorporated under the laws of California on January 29, 2015, and Shane Oei, a majority shareholder of the Company at the time. Pursuant to the terms of the BBC Agreement, BBC shareholders exchanged all of the issued and outstanding capital of BBC for an aggregate of 50,000,000 100,000,000 500,000 On September 3, 2015, the Company changed its name to “Pineapple Express, Inc.” from “Globestar Industries.” The Company’s name had no relation to the 2008 motion picture produced by Columbia Pictures. On February 12, 2016, the Company entered into an Agreement of Merger to acquire all of the assets and assume several liabilities of THC Industries, Inc. (“THC Parent”), a California corporation, through a two-step merger (the “THC Merger”) by and among the Company, THC Parent, the Company’s wholly owned subsidiary THC Industries, LLC (“THC”), a California limited liability company, and the Company’s former wholly owned subsidiary THCMergerCo., Inc., a California corporation. In June 2016, the Company began to anticipate significant difficulties in monetizing the value of the acquired intangible assets and recorded an impairment of those assets. On August 5, 2016, the Company entered into a Forbearance Agreement with THC Industries, Inc. because of late payments. This sparked a temporary foreclosure of assets. On March 27, 2017, the Company entered into a Standstill and Waiver Agreement with THC Industries, Inc. because of additional late payments. On June 22, 2017, the Company successfully completed the conditions of the Standstill and Waiver Agreement signed between the parties on March 27, 2017. The Company made its payments and completed its conditions in full for the Forbearance Agreement. The Company gained back control of the assets relative to the purchase transaction. ln addition to having stakes in the foregoing business ventures, the Company was also assigned a patent for the proprietary Top Shelf Safe Display System (“SDS”) for use in permitted cannabis dispensaries and delivery vehicles across the United States and internationally (where permitted by law), on July 20 th It is anticipated that the Top-Shelf SDS product shall retail for $ 30,000 On March 14, 2017, the Company entered into a Share Purchase Agreement to sell BBC and its three wholly owned subsidiaries, Pineapple Express One LLC, Pineapple Express Two LLC, and Pineapple Property Investments, LLC to a related party, Jaime Ortega, in exchange for Mr. Ortega forgiving a debt of $ 10,000 Business Combinations 841,511 10,000 On April 7, 2017, Orr Builders, Prest-Vuksic Architects, Inc. and MSA Consulting, Inc. (all California corporations), as plaintiffs, filed a complaint upon the Company, including subsidiaries Pineapple Express One LLC and BBC, and MJ Business Consultants; Clonenetics Laboratories Cooperative, Inc.; United Pentecostal Church; and Healing Nature, LLC; within the Superior Court of the State of California for the County of Riverside, Case No. PSC 1700746 (hereinafter referred to as the “Lead Case”), and a related and consolidated Case No. PSC1702268, alleging, among other things: (i) breaches of contracts related to the DHS Project/Pineapple Park (property on which the Company planned to build out space to lease to cultivators) in the amount of $ 1,250,000 On March 16, 2017, the Company formed Pineapple Express Consulting, Inc. (“PEC”) as a wholly owned subsidiary. On August 3, 2017, a letter of intent was entered into between PEC and Sky Island, Inc., whereby all the assets of Pineapple Park, LLC, a California limited liability company controlled by Sky Island, Inc. holding lease deposits, were to be transferred through a related party transfer to PEC. On December 1, 2017, the Pineapple Park project of warehouses that were to be leased out to clients was terminated. Effective December 31, 2018, Pineapple Park, LLC pulled out of this project and signed a mutual release agreement for all lessees and Pineapple Park, LLC to terminate each party’s obligations and responsibilities under the leases and the parties’ relationship. On March 19, 2019, the Company entered into a Share Exchange Agreement (the “PVI Agreement”) with PVI and the stockholders of PVI (the “PVI Stockholders”) in which the Company acquired a total of 50 2,000,000 2,000,000 20,000,000 On January 17, 2020, the Company entered into an agreement with Jaime Ortega whereby in exchange for Mr. Ortega cancelling $ 1,062,000 10,000 10,000 4,827 45,173 45.17 During 2019, PVI took preliminary business steps towards a project with Nordhoff Leases, LLC (“Nordhoff”), a related party, in which Nordhoff subleased 38,875 15 2.87 15 15 Pursuant to an Agreement and Plan of Merger (“Merger Agreement”), dated as of April 6, 2020, by and between, Pineapple Express, Inc., a Wyoming corporation (“Pineapple Express”), and Pineapple, Inc., a Nevada corporation (“Pineapple”) and wholly-owned subsidiary of Pineapple Express, effective as of April 15, 2020 (the “Effective Date”), Pineapple Express merged with and into Pineapple, with Pineapple being the surviving entity (the “Reincorporation Merger”). The Reincorporation Merger was consummated to complete Pineapple Express’ reincorporation from the State of Wyoming to the State of Nevada. The Merger Agreement, the Reincorporation Merger, the Name Change (as defined below) and the Articles of Incorporation and Bylaws of Pineapple were duly approved by the written consent of shareholders of Pineapple Express owning at least a majority of the outstanding shares of Pineapple Express’ common stock, par value $ 0.0000001 In March 2020, the World Health Organization declared the outbreak of a novel coronavirus (COVID-19) as a pandemic, which continues to spread throughout the United States. As a result, significant volatility has occurred in both the United States and international markets. While the disruption is currently expected to be temporary, there is uncertainty around the duration. To date, the Company has experienced declining revenues, difficulty meeting debt covenants, maintaining consistent service quality with reduced revenue, and a loss of access to customers. Management expects this matter to continue to impact our business, results of operations, and financial position, but the ultimate financial impact of the pandemic on the Company’s business, results of operations, financial position, liquidity or capital resources cannot be reasonably estimated at this time. In October 2020, PNPXPRESS, Inc. (an entity managed by PVI) secured three cannabis licenses, including consumer delivery and statewide distribution, from the City of Los Angeles for a retail storefront location at the intersection of Hollywood & Vine (1704 N. Vine Street). The lease was signed in October 2020. This 3,460 30 10 |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2021 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | Note 2 – Summary of Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements and accompanying notes have been prepared in accordance with accounting principles accepted in the United States of America (“GAAP”) and the rules of the Securities and Exchange Commission (“SEC”). They do not include all of the information and footnotes required by GAAP for complete financial statements and, accordingly, certain information, footnotes, and disclosures normally included in the annual financial statements, prepared in accordance with GAAP, have been condensed or omitted in accordance with SEC rules and regulations. The accompanying financial information should be read in conjunction with the financial statements and the notes thereto in the Company’s most recent Annual Report on Form 10-K, as filed with the Securities and Exchange Commission (the “SEC”) on October 4, 2021. In the opinion of management, the financial data presented includes all adjustments necessary to present fairly the financial position, results of operations, and cash flows for the periods presented. Results of interim periods should not be considered indicative of the results for the full year. These unaudited condensed consolidated financial statements include estimates and assumptions of management that affect the amounts reported in the unaudited condensed consolidated financial statements. Actual results could differ from these estimates. Basis of Consolidation The consolidated financial statements include the accounts of Pineapple, Inc. and its wholly owned subsidiaries, THC Industries, LLC and Pineapple Express Consulting, Inc., doing business as Pineapple Express and Pineapple Park, LLC. Intercompany accounts and transactions have been eliminated. The Company’s consolidated subsidiaries and/or entities were as follows: Schedule of Consolidated Subsidiaries and/or Entities Name of Consolidated Subsidiary or Entity State or Other Jurisdiction of Incorporation or Organization Date of Incorporation or Formation (Date of Acquisition, if Applicable) Attributable Interest THC Industries, LLC California 12/23/2015(formed) 100 % Pineapple Park LLC California 6/27/2017 100 % Pineapple Express Consulting, Inc. California 3/16/2017 100 % Use of Estimates in Financial Reporting The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the recoverability and useful lives of long-lived assets, assessment of legal accruals, the fair value of the Company’s stock, stock-based compensation and the valuation allowance related to deferred tax assets. Actual results may differ from these estimates. Fair Value of Financial Instruments The Company follows the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) for disclosures about fair value of its financial instruments and to measure the fair value of its financial instruments. The FASB ASC establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The three levels of fair value hierarchy are described below: Level 1 Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2 Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3 Pricing inputs that are generally unobservable inputs and not corroborated by market data. Financial assets are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable. The carrying amounts of the Company’s financial assets and liabilities, including cash, accounts payable and accrued liabilities, and other current liabilities, approximate their fair values because of the short maturity of these instruments. The fair value of notes payable approximates their fair values since the current interest rates and terms on these obligations are the same as prevailing market rates. Cash The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. Cash and cash equivalents are held in operating accounts at a major financial institution. Cash balances may exceed federally insured limits. Management believes the financial risk associated with these balances is minimal and has not experienced any losses to date. As of June 30, 2021, and December 31, 2020, the Company had no Property and Equipment Property and equipment consist of furniture and fixtures and office equipment. They are recorded at cost, less accumulated depreciation. Depreciation is computed using the straight-line method The estimated useful lives of the classes of property and equipment are as follows: Schedule of Estimated Useful Lives of Property and Equipment Office equipment 5 years Furniture and fixtures 7 years Investments – Equity Method The Company accounts for equity method investments at cost, adjusted for the Company’s share of the investee’s earnings or losses, which are reflected in the consolidated statements of operations. The Company periodically reviews the investments for other than temporary declines in fair value below cost and more frequently when events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. As of June 30, 2021, the Company believes the carrying value of its equity method investments were recoverable in all material respects. Loss Per Share Basic loss per share is computed by dividing net loss available to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted loss per share reflects the potential dilution, using the treasury stock method, that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the loss of the Company. In computing diluted loss per share, the treasury stock method assumes that outstanding options and warrants are exercised, and the proceeds are used to purchase common stock at the average market price during the period. Options and warrants may have a dilutive effect under the treasury stock method only when the average market price of the common stock during the period exceeds the exercise price of the options and warrants. At June 30, 2021, and December 31, 2020, the Company had no Revenue Recognition The Company recognizes revenue in accordance with ASC 606, “Revenue from Contracts with Customers” (“ASC 606”). Under ASC 606, the Company recognizes revenue when a customer obtains control of the promised goods or services. The amount of revenue that is recorded reflects the consideration that the Company expects to receive in exchange for those goods or services, net of any variable consideration (e.g., rights to return product, sales incentives, others) and any taxes collected from customers and subsequently remitted to governmental authorities. Our service revenues arise from contracts with customers and include consulting related to the licensing, development, and compliance areas of the cannabis business and operational dispensary management. The Company also provides marketing and branding consulting services. We did not identify any costs incurred during the three and six months ended June 30, 2021, and 2020, directly attributable to generating consulting revenue, and therefore have not categorized any costs as costs of sales. There were no We recognize revenue when the following criteria are met: The parties to the contract have approved the contract and are committed to perform their respective obligations Each party’s rights regarding the goods or services have been identified The payment terms for the goods or services have been identified The contract has commercial substance Collectability is probable Customer deposits are contract liabilities with customers that represent our obligation to either transfer goods or services in the future, or refund the amount received. Where possible, we obtain customer deposits to lessen our risk of non-payment by our customers. Customer deposits are recognized as revenue as we perform under the contract. As of June 30, 2021, and December 31, 2020, the Company did no Advertising/Promotion The Company’s advertising/promotion costs are expensed as incurred. The Company did no Stock-based Compensation The Company periodically issues restricted stock and warrants to employees and non-employees in non-capital raising transactions for services and for financing costs. The Company accounts for restricted stock and warrant grants issued and vesting to employees based on the authoritative guidance provided by the Financial Accounting Standards Board (“FASB”) where the value of the award is measured on the date of grant and recognized as stock-based compensation expense on the straight-line basis over the vesting period. The Company accounts for restricted stock and warrant grants issued and vesting to non-employees in accordance with the authoritative guidance of the FASB where the value of the stock-based compensation is based upon the measurement date as determined at either (a) the date at which a performance commitment is reached, or (b) at the date at which the necessary performance to earn the equity instruments is complete. In certain circumstances where there are no future performance requirements by the non-employee, restricted stock and warrants grants are immediately vested and the total stock-based compensation charge is recorded in the period of the measurement date. The fair value of the Company’s warrant grants, including the put option liability from the THC Merger, are estimated using the Black-Scholes-Merton and Binomial Option Pricing models, which use certain assumptions related to risk-free interest rates, expected volatility, expected life of the stock options or warrants, and future dividends. Compensation expense is recorded based upon the value derived from the Black-Scholes-Merton and Binomial Option Pricing models and based on actual experience. The assumptions used in the Black-Scholes-Merton and Binomial Option Pricing models could materially affect compensation expense recorded in future periods. In light of the very limited trading of our common stock, the market value of the shares issued was determined based on the then most recent price per share at which we sold common stock in a private placement during the periods then ended. As of June 30, 2021, and December 31,2020, there were no Recently Adopted and Pending Accounting Pronouncements In January 2017, the FASB has issued ASU No. 2017-04, “Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment.” These amendments eliminate Step 2 from the goodwill impairment test. The annual, or interim, goodwill impairment test is performed by comparing the fair value of a reporting unit with its carrying amount. An impairment charge should be recognized for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. In addition, income tax effects from any tax-deductible goodwill on the carrying amount of the reporting unit should be considered when measuring the goodwill impairment loss, if applicable. The amendments also eliminate the requirements for any reporting unit with a zero or negative carrying amount to perform a qualitative assessment and, if it fails that qualitative test, to perform Step 2 of the goodwill impairment test. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. The guidance is effective for public business entities that are SEC filers for fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. ASU 2017-04 should be adopted on a prospective basis. The Company adopted this guidance on January 1, 2020, and determined that its adoption has not had a material impact on its financial position, results of operations or cash flows. In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820) Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement In August 2020, the FASB issued ASU 2020-06, Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40) In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, as part as part of its overall simplification initiative to reduce costs and complexity of applying accounting standards while maintaining or improving the usefulness of the information provided to users of financial statements. ASU 2019-12 removes certain exceptions to the general principle of ASC 740 in order to reduce the cost and complexity of its application. ASU 2019-12 is effective for public business entities for annual reporting periods beginning after December 15, 2020, and interim periods within those reporting periods. Early adoption is permitted in any interim or annual period, with any adjustments reflected as of the beginning of the fiscal year of adoption. The Company does not believe adoption will have a material impact on its financial statements. Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future consolidated financial statement presentation or disclosures. |
Going Concern
Going Concern | 6 Months Ended |
Jun. 30, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Going Concern | Note 3 – Going Concern The Company’s condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business. As reflected in its condensed consolidated financial statements, the Company has an accumulated deficit of approximately $ 15 0.9 0.1 The Company’s primary source of operating funds since inception has been cash proceeds from the private placements of its common stock and from issuance of its short-term on demand loans, primarily from related parties. The Company intends to raise additional capital in the short term through addition of demand loans and, once the up listing to a higher exchange is completed, through private placements to sell restricted shares of common stock to investors. There can be no assurance that these funds will be available on terms acceptable to the Company, or at all, or will be sufficient to enable the Company to fully complete its development activities or sustain operations. During the six months ended June 30, 2021, the Company raised approximately $ 0.2 If the Company is unable to raise sufficient additional funds, it will have to develop and implement a plan to further extend payables, reduce overhead, scale back its current business plan or curtail operations until sufficient additional capital is raised to support further operations. The Company’s ability to continue as a going concern is dependent on its ability to execute its strategy and on its ability to raise additional funds and/or to consummate a public offering. Management is currently seeking additional funds, primarily through the issuance of equity and/or debt securities for cash to operate the Company’s business. No assurance can be given that any future financing will be available or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing, it may contain undue restrictions on its operations, in the case of debt financing, or cause substantial dilution for its stockholders, in the case of equity and/or convertible debt financing. |
Property and Equipment
Property and Equipment | 6 Months Ended |
Jun. 30, 2021 | |
Property, Plant and Equipment [Abstract] | |
Property and Equipment | Note 4 – Property and Equipment Property and equipment as of June 30, 2021, and December 31, 2020, is summarized as follows: Schedule of Property and Equipment June 30, 2021 December 31, 2020 Furniture and fixtures $ 43,152 $ 43,152 Office equipment 12,321 12,321 Subtotal 55,473 55,473 Less accumulated depreciation (43,638 ) (40,556 ) Property and equipment, net $ 11,835 $ 14,917 Depreciation expense for the six months ended June 30, 2021, and 2020 was $ 3,082 3,779 |
Equity Method Investment
Equity Method Investment | 6 Months Ended |
Jun. 30, 2021 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Equity Method Investment | Note 5 – Equity Method Investment In March 2019, the Company acquired a 50 2,000,000 20,000,000 On January 17, 2020, the Company entered into an agreement with Jaime Ortega whereby in exchange for Mr. Ortega cancelling $ 1,062,000 10,000 10,000 4,827 45,173 The investment was recorded at cost, which was determined to be $ 11,000,000 0.55 10,000,000 45.17 The following represents summarized financial information of PVI for the six months ended June 30, 2021, and 2020, respectively: Summary of Financial Information of Subsidiaries June 30, 2021 June 30, 2020 Revenue $ 83,213 $ 88,969 Cost of goods sold - 1,430 Gross margin 83,213 87,539 Operating expenses 1,328,074 675,620 Gain from sale of investments - (374,250 ) Net income (loss) $ (1,244,861 ) $ 213,831 Based on its 45.17% equity investment, the Company has recorded a loss from equity investment of $ 562,304 97,852 8,926,312 9,488,616 |
Leases
Leases | 6 Months Ended |
Jun. 30, 2021 | |
Leases | |
Leases | Note 6 – Leases The Company leases office space under an operating lease that expired in June 2020 three-year 122,985 25 In accordance with ASC 842, Leases 0 42,489 0 42,856 0 40,775 Upon expiration of the lease term in June 2020, the Company’s security deposit was applied towards the final rent payment and the lease reverted to a month-to-month basis until PVI entered into a new lease for the property in August 2020. The Company has agreed to pay a rent allocation to PVI of $ 1,000 6,000 |
Notes Payable, Related Party
Notes Payable, Related Party | 6 Months Ended |
Jun. 30, 2021 | |
Notes Payable Related Party | |
Notes Payable, Related Party | Note 7 – Notes Payable, Related Party Notes payable, related party, are comprised of the following as of June 30, 2021, and December 31, 2020: Schedule of Notes Payable Related Party Transactions Noteholder Due Interest Rate Secured June 30, 2021 December 31, 2020 Sky Island, Inc. Demand 0 % No $ 8,015 $ 8,015 Eric Kennedy Demand 0 % No 30,000 30,000 Rob Novinger Demand 0 % No 30,851 30,851 Neu-Ventures, Inc. Demand 0 % No 666,334 788,309 Total $ 735,200 $ 857,175 Sky Island, Inc. From January 1, 2020, to December 31, 2020, the Company decreased the Sky Island promissory notes from a beginning balance of $ 1,757,124 8,015 1,062,000 312,891 10 0 On December 17, 2020, the Company entered into an Intellectual Property Purchase Agreement with PVI pursuant to which the Company sold all of the Company’s trade dress and trade names, logos, internet addresses and domain names, trademarks and service marks and related registrations and applications, including any intent to use applications, supplemental registrations and any renewals or extensions in exchange for Mr. Jaime Ortega, waiving and cancelling $ 1,000,000 8,015 The promissory note transactions were deemed a related party transaction because Jaime Ortega, owner, chief operating officer and director of Sky Island, Inc., was a founding shareholder of the Company. Mr. Ortega has an aggregate ownership of 48.1 49.6 Accrued interest payable on the Sky Island promissory notes as of June 30, 2021, and December 31, 2020, was $ 45,637 0 25,200 0 53,821 There was no Neu-Ventures, Inc. Beginning in April 2019, the Company also began receiving advances from Neu-Ventures, Inc., another entity owned by our majority shareholder, Mr. Ortega. These advances are due on demand and do not incur interest. Advances from Neu-Ventures between January 2021 and June 2021 totaled $ 9,825 186,200 54,400 247,909 666,334 788,309 Eric Kennedy In May 2019, the Company agreed to a settlement with Eric Kennedy, a Company’s director, related to deferred cash compensation that had been accrued for in the Company’s accounts payable and accrued liabilities to reduce the amount to $ 35,000 36,000 35,000 The note does not incur interest and was originally to be repaid through an initial $ 10,000 5,000 5,000 30,000 30,000 Rob Novinger As of December 31, 2018, Rob Novinger has been paid $ 10,000 30,000 20,000 5,000 25,000 5,851 30,851 30,851 |
Note Payable
Note Payable | 6 Months Ended |
Jun. 30, 2021 | |
Debt Disclosure [Abstract] | |
Note Payable | Note 8 – Note Payable The Company, through our former subsidiary, BBC, entered into a $ 25,000 six 26,609 19,838 6,771 |
Settlement payable-related part
Settlement payable-related party | 6 Months Ended |
Jun. 30, 2021 | |
Settlement Payable-related Party | |
Settlement payable-related party | Note 9 – Settlement payable-related party At June 30, 2021 and December 31, 2020, settlement payable related party balance consist of the following: Schedule of Settlement Payable Noteholder June 30, 2021 December 31, 2020 Investor Three 615,000 615,000 Settlement payable $ 615,000 $ 615,000 Investor Three In December 2015, the Company entered into a Revenue Share Agreement for $ 750,000 825,000 75,000 200,000 97,800 615,000 |
Advances on Agreements
Advances on Agreements | 6 Months Ended |
Jun. 30, 2021 | |
Advances On Agreements | |
Advances on Agreements | Note 10 – Advances on Agreements At June 30, 2021, and December 31, 2020, advances on agreements balance consist of the following: Schedule of Advance on Agreement Noteholder June 30, 2021 December 31, 2020 Investor One and Investor Two 169,000 169,000 Advances on Agreements $ 169,000 $ 169,000 Investor One On February 16, 2016, the Company entered into a Binding Letter of Intent (“BLOI1”) with Investor One that the Company deemed a financing agreement for the purchase of a certain property (APN: 665-030-044), and upon completion of development of the acquired property, subsequently a revenue share agreement that was for the following considerations: (i) payment by Investor One of $ 125,000 187,500 3,750 During March 2016, the $ 125,000 40,768 Investor Two On March 18, 2016, the Company entered into a Binding Letter of Intent (“BLOI2”), subsequently amended by a Real Property Purchase and Sale Agreement and Joint Escrow Instructions (“Subsequent Land Purchase Agreement”) dated March 21, 2016, both of which the Company deemed a financing agreement for the purchase of a certain property (APN: 665-030-043) for the following considerations: (i) payment by Investor Two of $ 350,000 515,000 165,768 500,000 On March 22, 2016, Investor Two deposited $ 350,000 165,768 Investment Accounting Treatments for Investors One and Two The escrow agreement closed and Investor Two took title to property. There is no provision in BLOI2, or in the Subsequent Land Purchase Agreement, that would impose any continuing liability on the Company other than the loss of the Company’s escrow deposit. As no terms and conditions were established to characterize the $ 125,000 62,500 187,500 3,750 In February 2019, the Company entered into a settlement agreement with Investor One which required the issuance of 20,000 200,000 10,000 4,125 187,500 191,625. 8,375 10,000 1,000 20,000 11,000 169,000 |
Stockholders_ Equity
Stockholders’ Equity | 6 Months Ended |
Jun. 30, 2021 | |
Equity [Abstract] | |
Stockholders’ Equity | Note 11 – Stockholders’ Equity The Company is authorized to issue 525,000,000 0.0000001 5,000,000 20,000,000 500,000,000 no 91,301,200 88,461,200 During the six months ended June 30, 2021, the Company sold 2,490,000 249,000 During the six months ended June 30, 2021/, the Company issued 350,000 35,000 |
Commitments and Contingencies
Commitments and Contingencies | 6 Months Ended |
Jun. 30, 2021 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | Note 12 – Commitments and Contingencies From time to time, the Company is party to certain legal proceedings that arise in the ordinary course and are incidental to our business. Future events or circumstances, currently unknown to management, will determine whether the resolution of pending or threatened litigation or claims will ultimately have a material effect on our consolidated financial position, liquidity or results of operations in any future reporting periods. The following is a list of current litigation: Salem, et al. v. Pineapple Express, Inc., et al. JAMS Arbitration Reference Number: 1210035565 was filed July 13, 2018. This matter arises from a certain Agreement and Plan of Merger and Reorganization dated February 12, 2016. Claimants sought forfeiture of certain IP rights, more specifically, Registered Mark “THC” standard character mark (U.S. Trademark Reg. No. 1954405 registered on February 6, 1996) and Domain Name “www.thc.com”, together with proceeds Respondents have received from any royalty or licensing payments relating to the IP rights from the date of Forfeiture, as well as costs for reasonable attorneys’ fees. Arbitration was conducted on July 17-19, 2019. The arbitrator issued an award on December 23, 2019, upholding the Claimants’ exercise of the put option as discussed in Note 10 and the transfer of the IP rights, including the THC.com domain name and the “THC” trademark, attorney fees of $ 144,871 66,076 1,000,000 1,000,000 100,000 100,000 1,829,631 400,000 1,000,000 1,000,000 Pineapple Express, Inc. v. Ramsey Houston Salem JAMS Arbitration Reference Number: 1220063897 was filed October 30, 2019 (the “second arbitration”). This matter arises from claims of breach of contract, more specifically the confidentiality provisions of certain Agreement and Plan of Merger and Reorganization dated February 12, 2016, entered into between the parties and arising from the disclosure of the interim arbitration award in the matter entitled and above-referenced as: Salem, et al. v. Pineapple Express, Inc., et al. JAMS Arbitration Reference Number: 1210035565, filed July 13, 2018, by Respondent. On April 8, 2021, the parties entered into a settlement agreement and mutual general release, under which the Company withdraw the second arbitration. Hawkeye v. Pineapple Express, Inc., et al. Los Angeles Superior Court Case Number: BC708868 was filed June 6, 2018. Plaintiff claimed damages against Defendant in the excess of $900,000 arising from a series of successive amended and revised revenue sharing agreements pertaining to rental income from certain leasehold for premises more commonly known as 65421 San Jacinto Lane, Desert Hot Springs, CA 92240 which was not realized through no fault of Defendants, nor are Defendants contracting parties to the lease agreement or original revenue sharing agreement for which consideration was paid. Defendants deny all allegations of claims asserted in the Complaint. Notwithstanding, the parties settled the matter pursuant to a confidential settlement agreement in or about January 3, 2020. However, the matter was reduced to an entry of judgment by the court in or about February 21, 2020, for the amount of $ 615,000 Sharper, Inc. v. Pineapple Express, Inc., et al. Los Angeles Superior Court Case Number: 18SMCV00149 was filed November 1, 2018. Complaint for money with an amount in controversy of $ 32,500 15,375 18,692 18,692 Cunningham v. Pineapple Express, Inc. Los Angeles Superior Court Case Number: BS171779 Judgment, ordered by the Department of Industrial Relations, Labor Commissioner’s Office, was entered by the Court on December 11, 2017. The amount of judgment entered was $47,674. Enforcement on the Judgment is continuing. Finnegan & Diba was retained to defend enforcement proceedings and substituted out of the matter in March 2019. This claim is accrued for in the Company’s contingent liabilities as of June 30, 2021, and December 31, 2020. Pineapple Express, Inc. v. Cunningham Los Angeles Superior Court Case Number: SC 127731 was filed June 21, 2017. This action arose from certain complaint and cross-complaint which were both dismissed. Defendant Cunningham pursued a cost judgment against Plaintiff and obtained a judgment in the amount of $ 2,367 The Hit Channel, Inc. v. Pineapple Express, Inc. Los Angeles Superior Court Case Number: 19STCV09006 was filed in or about March 14, 2019. This action arose from certain complaint and cross-complaint arising from certain licensing agreement entered into between the parties for the commercial exploitation of the URL and Domain Name THC.com. The matter has since resolved pursuant to the confidential settlement agreement entered into by and between the parties. The licensing agreement has been deemed terminated, and the matter has been dismissed with prejudice by order of the court on February 14, 2020. The Hit Channel was awarded $ 40,000 555,275 40,000 444,220 40,000 “www.THCExpress.com” StoryCorp Consulting, dba Wells Compliance Group v. Pineapple Express, Inc. JAMS Arbitration Reference Number: 1210037058 was filed December 18, 2019. This matter arises from dispute over certain services agreement entered into between the parties in or about January 31, 2019. In 2020, the parties agreed on a settlement amount of $ 15,000 15,000 23,805 Claimant has since filed a Petition to Confirm Arbitration Award against Pineapple Express, Inc., a California Corporation, with the Los Angeles Superior Court bearing Case Number 20STCP04003, and has been awarded a judgment against a company not affiliated to the public company. Russ Schamun v. Pineapple Express Consulting, Inc. This is a claim for $ 7,500 7,500 Orr Builders, et. al. v. Pineapple Express, Inc. This action is the culmination of a multiplicity of actions and cross-actions arising from the claims to title relating to certain real property more commonly known as 65241 San Jacinto Lane, Desert Hot Springs, California 92240-5014 and construction disputes for building projects thereon. The Company and its subsidiaries were dismissed from this action and the property was subsequently sold, fully releasing the Company from any further liability. SRFF v. Pineapple Express, Inc. This matter resulted in a stipulated judgment whereas former SEC counsel claimed approximately $ 60,000 Novinger v. Pineapple Express, Inc. Los Angeles Superior Court Case Number: 20CHLC10510 was filed in or about March 11, 2020. This is a limited jurisdiction action arising from a claim for monies lent to Pineapple Express, Inc. without specificity as to the judgment debtor’s state of incorporation, for the total of $ 25,000 |
Subsequent Events
Subsequent Events | 6 Months Ended |
Jun. 30, 2021 | |
Subsequent Events [Abstract] | |
Subsequent Events | Note 13 – Subsequent Events In April 2021, Salem and Pineapple Express, Inc. executed a settlement agreement and mutual general release, under which the Company dismissed the appeal. The Company represented that it has relinquished any claim, title and/or interest with respect to the IP, that it has not assigned any such claim, title, rights and/or interest with respect to the IP, and that it has not encumbered the IP. The Company settled the arbitration award for $ 100,000 1,829,631 1,000,000 1,000,000 On August 7, 2021, the Company entered into a Stock Purchase Agreement (the “CGI Agreement with Capital Growth Investments, Inc., a California corporation (“CGI”) and its sole shareholder, Pineapple Ventures, Inc., a California corporation (“PVI”), which is also a minority owned portfolio asset of the Company. Pursuant to the CGI Agreement, the Company can acquire up to 50,000 50 1,000,000 100,000 in exchange for 5% of the shares of the CGI. Within 60 days of execution of the Agreement, the remaining balance of $900,000 shall be paid in exchange for 45% of the Shares of the Company. Contemporaneously with the execution of the Agreement, the parties entered into a Shareholder Agreement for Capital Growth Investments, Inc. (the “Shareholder Agreement” The Company has evaluated all events that occurred after the balance sheet date through the date when the financial statements were issued to determine if they must be reported. The Company determined that there were no other reportable subsequent event(s) to be disclosed. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2021 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The accompanying consolidated financial statements and accompanying notes have been prepared in accordance with accounting principles accepted in the United States of America (“GAAP”) and the rules of the Securities and Exchange Commission (“SEC”). They do not include all of the information and footnotes required by GAAP for complete financial statements and, accordingly, certain information, footnotes, and disclosures normally included in the annual financial statements, prepared in accordance with GAAP, have been condensed or omitted in accordance with SEC rules and regulations. The accompanying financial information should be read in conjunction with the financial statements and the notes thereto in the Company’s most recent Annual Report on Form 10-K, as filed with the Securities and Exchange Commission (the “SEC”) on October 4, 2021. In the opinion of management, the financial data presented includes all adjustments necessary to present fairly the financial position, results of operations, and cash flows for the periods presented. Results of interim periods should not be considered indicative of the results for the full year. These unaudited condensed consolidated financial statements include estimates and assumptions of management that affect the amounts reported in the unaudited condensed consolidated financial statements. Actual results could differ from these estimates. |
Basis of Consolidation | Basis of Consolidation The consolidated financial statements include the accounts of Pineapple, Inc. and its wholly owned subsidiaries, THC Industries, LLC and Pineapple Express Consulting, Inc., doing business as Pineapple Express and Pineapple Park, LLC. Intercompany accounts and transactions have been eliminated. The Company’s consolidated subsidiaries and/or entities were as follows: Schedule of Consolidated Subsidiaries and/or Entities Name of Consolidated Subsidiary or Entity State or Other Jurisdiction of Incorporation or Organization Date of Incorporation or Formation (Date of Acquisition, if Applicable) Attributable Interest THC Industries, LLC California 12/23/2015(formed) 100 % Pineapple Park LLC California 6/27/2017 100 % Pineapple Express Consulting, Inc. California 3/16/2017 100 % |
Use of Estimates in Financial Reporting | Use of Estimates in Financial Reporting The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the recoverability and useful lives of long-lived assets, assessment of legal accruals, the fair value of the Company’s stock, stock-based compensation and the valuation allowance related to deferred tax assets. Actual results may differ from these estimates. |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The Company follows the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) for disclosures about fair value of its financial instruments and to measure the fair value of its financial instruments. The FASB ASC establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The three levels of fair value hierarchy are described below: Level 1 Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2 Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3 Pricing inputs that are generally unobservable inputs and not corroborated by market data. Financial assets are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable. The carrying amounts of the Company’s financial assets and liabilities, including cash, accounts payable and accrued liabilities, and other current liabilities, approximate their fair values because of the short maturity of these instruments. The fair value of notes payable approximates their fair values since the current interest rates and terms on these obligations are the same as prevailing market rates. |
Cash | Cash The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. Cash and cash equivalents are held in operating accounts at a major financial institution. Cash balances may exceed federally insured limits. Management believes the financial risk associated with these balances is minimal and has not experienced any losses to date. As of June 30, 2021, and December 31, 2020, the Company had no |
Property and Equipment | Property and Equipment Property and equipment consist of furniture and fixtures and office equipment. They are recorded at cost, less accumulated depreciation. Depreciation is computed using the straight-line method The estimated useful lives of the classes of property and equipment are as follows: Schedule of Estimated Useful Lives of Property and Equipment Office equipment 5 years Furniture and fixtures 7 years |
Investments – Equity Method | Investments – Equity Method The Company accounts for equity method investments at cost, adjusted for the Company’s share of the investee’s earnings or losses, which are reflected in the consolidated statements of operations. The Company periodically reviews the investments for other than temporary declines in fair value below cost and more frequently when events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. As of June 30, 2021, the Company believes the carrying value of its equity method investments were recoverable in all material respects. |
Loss Per Share | Loss Per Share Basic loss per share is computed by dividing net loss available to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted loss per share reflects the potential dilution, using the treasury stock method, that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the loss of the Company. In computing diluted loss per share, the treasury stock method assumes that outstanding options and warrants are exercised, and the proceeds are used to purchase common stock at the average market price during the period. Options and warrants may have a dilutive effect under the treasury stock method only when the average market price of the common stock during the period exceeds the exercise price of the options and warrants. At June 30, 2021, and December 31, 2020, the Company had no |
Revenue Recognition | Revenue Recognition The Company recognizes revenue in accordance with ASC 606, “Revenue from Contracts with Customers” (“ASC 606”). Under ASC 606, the Company recognizes revenue when a customer obtains control of the promised goods or services. The amount of revenue that is recorded reflects the consideration that the Company expects to receive in exchange for those goods or services, net of any variable consideration (e.g., rights to return product, sales incentives, others) and any taxes collected from customers and subsequently remitted to governmental authorities. Our service revenues arise from contracts with customers and include consulting related to the licensing, development, and compliance areas of the cannabis business and operational dispensary management. The Company also provides marketing and branding consulting services. We did not identify any costs incurred during the three and six months ended June 30, 2021, and 2020, directly attributable to generating consulting revenue, and therefore have not categorized any costs as costs of sales. There were no We recognize revenue when the following criteria are met: The parties to the contract have approved the contract and are committed to perform their respective obligations Each party’s rights regarding the goods or services have been identified The payment terms for the goods or services have been identified The contract has commercial substance Collectability is probable Customer deposits are contract liabilities with customers that represent our obligation to either transfer goods or services in the future, or refund the amount received. Where possible, we obtain customer deposits to lessen our risk of non-payment by our customers. Customer deposits are recognized as revenue as we perform under the contract. As of June 30, 2021, and December 31, 2020, the Company did no |
Advertising/Promotion | Advertising/Promotion The Company’s advertising/promotion costs are expensed as incurred. The Company did no |
Stock-based Compensation | Stock-based Compensation The Company periodically issues restricted stock and warrants to employees and non-employees in non-capital raising transactions for services and for financing costs. The Company accounts for restricted stock and warrant grants issued and vesting to employees based on the authoritative guidance provided by the Financial Accounting Standards Board (“FASB”) where the value of the award is measured on the date of grant and recognized as stock-based compensation expense on the straight-line basis over the vesting period. The Company accounts for restricted stock and warrant grants issued and vesting to non-employees in accordance with the authoritative guidance of the FASB where the value of the stock-based compensation is based upon the measurement date as determined at either (a) the date at which a performance commitment is reached, or (b) at the date at which the necessary performance to earn the equity instruments is complete. In certain circumstances where there are no future performance requirements by the non-employee, restricted stock and warrants grants are immediately vested and the total stock-based compensation charge is recorded in the period of the measurement date. The fair value of the Company’s warrant grants, including the put option liability from the THC Merger, are estimated using the Black-Scholes-Merton and Binomial Option Pricing models, which use certain assumptions related to risk-free interest rates, expected volatility, expected life of the stock options or warrants, and future dividends. Compensation expense is recorded based upon the value derived from the Black-Scholes-Merton and Binomial Option Pricing models and based on actual experience. The assumptions used in the Black-Scholes-Merton and Binomial Option Pricing models could materially affect compensation expense recorded in future periods. In light of the very limited trading of our common stock, the market value of the shares issued was determined based on the then most recent price per share at which we sold common stock in a private placement during the periods then ended. As of June 30, 2021, and December 31,2020, there were no |
Recently Adopted and Pending Accounting Pronouncements | Recently Adopted and Pending Accounting Pronouncements In January 2017, the FASB has issued ASU No. 2017-04, “Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment.” These amendments eliminate Step 2 from the goodwill impairment test. The annual, or interim, goodwill impairment test is performed by comparing the fair value of a reporting unit with its carrying amount. An impairment charge should be recognized for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. In addition, income tax effects from any tax-deductible goodwill on the carrying amount of the reporting unit should be considered when measuring the goodwill impairment loss, if applicable. The amendments also eliminate the requirements for any reporting unit with a zero or negative carrying amount to perform a qualitative assessment and, if it fails that qualitative test, to perform Step 2 of the goodwill impairment test. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. The guidance is effective for public business entities that are SEC filers for fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. ASU 2017-04 should be adopted on a prospective basis. The Company adopted this guidance on January 1, 2020, and determined that its adoption has not had a material impact on its financial position, results of operations or cash flows. In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820) Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement In August 2020, the FASB issued ASU 2020-06, Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40) In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, as part as part of its overall simplification initiative to reduce costs and complexity of applying accounting standards while maintaining or improving the usefulness of the information provided to users of financial statements. ASU 2019-12 removes certain exceptions to the general principle of ASC 740 in order to reduce the cost and complexity of its application. ASU 2019-12 is effective for public business entities for annual reporting periods beginning after December 15, 2020, and interim periods within those reporting periods. Early adoption is permitted in any interim or annual period, with any adjustments reflected as of the beginning of the fiscal year of adoption. The Company does not believe adoption will have a material impact on its financial statements. Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future consolidated financial statement presentation or disclosures. |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Accounting Policies [Abstract] | |
Schedule of Consolidated Subsidiaries and/or Entities | The Company’s consolidated subsidiaries and/or entities were as follows: Schedule of Consolidated Subsidiaries and/or Entities Name of Consolidated Subsidiary or Entity State or Other Jurisdiction of Incorporation or Organization Date of Incorporation or Formation (Date of Acquisition, if Applicable) Attributable Interest THC Industries, LLC California 12/23/2015(formed) 100 % Pineapple Park LLC California 6/27/2017 100 % Pineapple Express Consulting, Inc. California 3/16/2017 100 % |
Schedule of Estimated Useful Lives of Property and Equipment | The estimated useful lives of the classes of property and equipment are as follows: Schedule of Estimated Useful Lives of Property and Equipment Office equipment 5 years Furniture and fixtures 7 years |
Property and Equipment (Tables)
Property and Equipment (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Property, Plant and Equipment [Abstract] | |
Schedule of Property and Equipment | Property and equipment as of June 30, 2021, and December 31, 2020, is summarized as follows: Schedule of Property and Equipment June 30, 2021 December 31, 2020 Furniture and fixtures $ 43,152 $ 43,152 Office equipment 12,321 12,321 Subtotal 55,473 55,473 Less accumulated depreciation (43,638 ) (40,556 ) Property and equipment, net $ 11,835 $ 14,917 |
Equity Method Investment (Table
Equity Method Investment (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Summary of Financial Information of Subsidiaries | The following represents summarized financial information of PVI for the six months ended June 30, 2021, and 2020, respectively: Summary of Financial Information of Subsidiaries June 30, 2021 June 30, 2020 Revenue $ 83,213 $ 88,969 Cost of goods sold - 1,430 Gross margin 83,213 87,539 Operating expenses 1,328,074 675,620 Gain from sale of investments - (374,250 ) Net income (loss) $ (1,244,861 ) $ 213,831 |
Notes Payable, Related Party (T
Notes Payable, Related Party (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Notes Payable Related Party | |
Schedule of Notes Payable Related Party Transactions | Notes payable, related party, are comprised of the following as of June 30, 2021, and December 31, 2020: Schedule of Notes Payable Related Party Transactions Noteholder Due Interest Rate Secured June 30, 2021 December 31, 2020 Sky Island, Inc. Demand 0 % No $ 8,015 $ 8,015 Eric Kennedy Demand 0 % No 30,000 30,000 Rob Novinger Demand 0 % No 30,851 30,851 Neu-Ventures, Inc. Demand 0 % No 666,334 788,309 Total $ 735,200 $ 857,175 |
Settlement payable-related pa_2
Settlement payable-related party (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Settlement Payable-related Party | |
Schedule of Settlement Payable | At June 30, 2021 and December 31, 2020, settlement payable related party balance consist of the following: Schedule of Settlement Payable Noteholder June 30, 2021 December 31, 2020 Investor Three 615,000 615,000 Settlement payable $ 615,000 $ 615,000 |
Advances on Agreements (Tables)
Advances on Agreements (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Advances On Agreements | |
Schedule of Advance on Agreement | At June 30, 2021, and December 31, 2020, advances on agreements balance consist of the following: Schedule of Advance on Agreement Noteholder June 30, 2021 December 31, 2020 Investor One and Investor Two 169,000 169,000 Advances on Agreements $ 169,000 $ 169,000 |
Organization and Description _2
Organization and Description of Business (Details Narrative) | Oct. 31, 2020a | Jan. 17, 2020USD ($)shares | Mar. 19, 2019shares | Apr. 07, 2017USD ($) | Mar. 22, 2017USD ($) | Mar. 14, 2017USD ($) | Aug. 24, 2015shares | Jul. 31, 2020USD ($) | Jun. 30, 2020USD ($) | Mar. 31, 2019shares | Jun. 30, 2021$ / shares | Feb. 11, 2021shares | Dec. 31, 2020$ / shares | Apr. 15, 2020$ / shares | Dec. 31, 2019a |
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||||
Percentage of equity ownership interest | 45.17% | 45.17% | |||||||||||||
Common stock, par value | $ / shares | $ 0.00 | $ 0.00 | |||||||||||||
Series A Convertible Preferred Stock [Member] | |||||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||||
Common stock, par value | $ / shares | $ 0.00 | $ 0.00 | |||||||||||||
Pineapple Park [Member] | |||||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||||
Breaches of contracts to related party | $ | $ 1,250,000 | ||||||||||||||
Pineapple Ventures, Inc., [Member] | Mr. Ortega [Member] | |||||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||||
Existing loan cancelled | $ | $ 1,062,000 | ||||||||||||||
Capital stock shares issued | 10,000 | 4,827 | |||||||||||||
Equity method investments shares owned | 45,173 | ||||||||||||||
Percentage of equity ownership interest | 45.17% | 45.17% | |||||||||||||
Pineapple Ventures, Inc., [Member] | Nordhoff Leases, Inc [Member] | |||||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||||
Area of land | a | 38,875 | ||||||||||||||
Percentage of entities owned | 15.00% | ||||||||||||||
Proceed from sale of cannabis licenses | $ | $ 2,870,000 | $ 2,870,000 | |||||||||||||
Percentage proceeds from sale of cannabis licenses | 15.00% | 15.00% | |||||||||||||
Pineapple Express, Inc. [Member] | |||||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||||
Percentage of equity ownership interest | 30.00% | ||||||||||||||
Area of land | a | 3,460 | ||||||||||||||
Percentage of management fee | 10.00% | ||||||||||||||
Share Purchase Agreement [Member] | Better Business Consultants, Inc. [Member] | |||||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||||
Number of common stock shares issued | 50,000,000 | ||||||||||||||
Share Purchase Agreement [Member] | Better Business Consultants, Inc. [Member] | |||||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||||
Forgiving a debt amount | $ | $ 10,000 | ||||||||||||||
Liabilities transferred | $ | 841,511 | ||||||||||||||
Consideration received | $ | $ 10,000 | ||||||||||||||
Share Purchase Agreement [Member] | Better Business Consultants, Inc. [Member] | Mr. Oei [Member] | |||||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||||
Number of shares cancelled during the period | 100,000,000 | ||||||||||||||
Share Purchase Agreement [Member] | Better Business Consultants, Inc. [Member] | Mr. Gary Stockport [Member] | |||||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||||
Number of shares cancelled during the period | 500,000 | ||||||||||||||
Top Shelf Safe Display System [Member] | |||||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||||
Product retail amount | $ | $ 30,000 | ||||||||||||||
Share Exhange Agreement [Member] | Pineapple Ventures, Inc., [Member] | |||||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||||
Acquisition percentage | 50.00% | 50.00% | |||||||||||||
Share Exhange Agreement [Member] | Pineapple Ventures, Inc., [Member] | Series A Convertible Preferred Stock [Member] | |||||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||||
Shares acquired | 2,000,000 | ||||||||||||||
Number of stock issued during the period converted | 2,000,000 | 20,000,000 | |||||||||||||
Convertible preferred stock shares converted upon issuance | 20,000,000 | 2,000,000 | |||||||||||||
Merger Agreement [Member] | Pineapple Express, Inc. [Member] | |||||||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||||||||||||||
Common stock, par value | $ / shares | $ 0.00 |
Schedule of Consolidated Subsid
Schedule of Consolidated Subsidiaries and/or Entities (Details) | 6 Months Ended |
Jun. 30, 2021 | |
THC Industries, LLC [Member] | |
Name of consolidated subsidiary or entity | THC Industries, LLC |
State or other jurisdiction of incorporation or organization | California |
Date of incorporation or formation (date of acquisition, if applicable) | 12/23/2015(formed) 2/16/2016 (acquired by us) |
Attributable interest | 100.00% |
Pineapple Park, LLC [Member] | |
Name of consolidated subsidiary or entity | Pineapple Park LLC |
State or other jurisdiction of incorporation or organization | California |
Date of incorporation or formation (date of acquisition, if applicable) | 6/27/2017 |
Attributable interest | 100.00% |
Pineapple Express Consulting, Inc. [Member] | |
Name of consolidated subsidiary or entity | Pineapple Express Consulting, Inc. |
State or other jurisdiction of incorporation or organization | California |
Date of incorporation or formation (date of acquisition, if applicable) | 3/16/2017 |
Attributable interest | 100.00% |
Schedule of Estimated Useful Li
Schedule of Estimated Useful Lives of Property and Equipment (Details) | 6 Months Ended |
Jun. 30, 2021 | |
Office Equipment [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated useful lives of property and equipment | 5 years |
Furniture and Fixtures [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated useful lives of property and equipment | 7 years |
Summary of Significant Accoun_4
Summary of Significant Accounting Policies (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||||
Excess of FDIC insured limits | $ 0 | $ 0 | $ 0 | ||
Property and equipment, depreciation methods | straight-line method | ||||
Revenue | 0 | $ 0 | $ 0 | $ 0 | |
Unearned revenue | 0 | 0 | $ 0 | ||
Advertising/promotion expense | $ 0 | $ 0 | $ 0 | $ 0 | |
Warrants outstanding | 0 | 0 | 0 | ||
Warrant [Member] | |||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||||
Antidilutive securities excluded from computation of earnings per share | 0 | 0 | |||
Convertible Debt Securities [Member] | |||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||||
Antidilutive securities excluded from computation of earnings per share | 0 | 0 |
Going Concern (Details Narrativ
Going Concern (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | |||||
Jun. 30, 2021 | Mar. 31, 2021 | Jun. 30, 2020 | Mar. 31, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||||||
Accumulated deficit | $ 15,453,874 | $ 15,453,874 | $ 14,567,489 | ||||
Net loss | $ 476,955 | $ 409,430 | $ 272,287 | $ 276,750 | 886,385 | $ 549,037 | |
Utilized net cash in operating activities | 72,625 | $ 245,142 | |||||
Cash proceeds from sale of common stock | $ 200,000 |
Schedule of Property and Equipm
Schedule of Property and Equipment (Details) - USD ($) | Jun. 30, 2021 | Dec. 31, 2020 |
Property, Plant and Equipment [Line Items] | ||
Subtotal | $ 55,473 | $ 55,473 |
Less accumulated depreciation | (43,638) | (40,556) |
Property and equipment, net | 11,835 | 14,917 |
Furniture and Fixtures [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Subtotal | 43,152 | 43,152 |
Office Equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Subtotal | $ 12,321 | $ 12,321 |
Property and Equipment (Details
Property and Equipment (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Property, Plant and Equipment [Abstract] | ||||
Depreciation expense | $ 1,541 | $ 1,622 | $ 3,082 | $ 3,779 |
Summary of Financial Informatio
Summary of Financial Information of Subsidiaries (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2021 | Mar. 31, 2021 | Jun. 30, 2020 | Mar. 31, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||
Revenue | $ 0 | $ 0 | $ 0 | $ 0 | ||
Operating expenses | 162,843 | 199,402 | 289,081 | 397,364 | ||
Net loss | $ (476,955) | $ (409,430) | $ (272,287) | $ (276,750) | (886,385) | (549,037) |
PVI Agreement [Member] | ||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||
Revenue | 83,213 | 88,969 | ||||
Cost of goods sold | 1,430 | |||||
Gross margin | 83,213 | 87,539 | ||||
Operating expenses | 1,328,074 | 675,620 | ||||
Gain from sale of investments | (374,250) | |||||
Net loss | $ (1,244,861) | $ 213,831 |
Equity Method Investment (Detai
Equity Method Investment (Details Narrative) - USD ($) | Jan. 17, 2020 | Mar. 19, 2019 | Mar. 31, 2019 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | Feb. 11, 2021 |
Investment cost | $ 11,000,000 | ||||||
Investment option price | $ 0.55 | ||||||
Issuance of common shares for equity method investment | 10,000,000 | ||||||
Equity investment percentage | 45.17% | 45.17% | |||||
Loss from equity investment | $ 562,304 | $ 97,852 | |||||
Equity method investments | $ 8,926,312 | $ 9,488,616 | |||||
Pineapple Ventures, Inc., [Member] | Mr. Ortega [Member] | |||||||
Existing loan cancelled | $ 1,062,000 | ||||||
Capital stock shares issued | 10,000 | 4,827 | |||||
Equity method investments shares owned | 45,173 | ||||||
Equity investment percentage | 45.17% | 45.17% | |||||
Share Exhange Agreement [Member] | Pineapple Ventures, Inc., [Member] | |||||||
Acquisition percentage | 50.00% | 50.00% | |||||
Share Exhange Agreement [Member] | Pineapple Ventures, Inc., [Member] | Series A Convertible Preferred Stock [Member] | |||||||
Convertible preferred stock shares converted upon issuance | 20,000,000 | 2,000,000 | |||||
Number of stock issued during the period converted | 2,000,000 | 20,000,000 |
Leases (Details Narrative)
Leases (Details Narrative) - USD ($) | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | Jan. 02, 2019 | |
Restructuring Cost and Reserve [Line Items] | ||||
Lease expiration date | Jun. 30, 2020 | |||
Extended lease term | 3 years | |||
Right-of-use asset | $ 122,985 | |||
Lease liability | $ 122,985 | |||
Incremental borrowing lease percentage | 25.00% | |||
Lease expense | $ 0 | $ 42,489 | ||
Lease payments | 0 | 42,856 | ||
Amortization of operating lease right-of-use-asset | 0 | $ 40,775 | ||
Payments of rent | 6,000 | $ 3,750 | ||
Pineapple Ventures, Inc., [Member] | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Payments of rent | $ 1,000 |
Schedule of Notes Payable Relat
Schedule of Notes Payable Related Party Transactions (Details) - USD ($) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2021 | Dec. 31, 2020 | |
Short-term Debt [Line Items] | ||
Notes payable | $ 735,200 | $ 857,175 |
Sky Island, Inc., [Member] | ||
Short-term Debt [Line Items] | ||
Due | Demand | Demand |
Interest rate | 0.00% | 0.00% |
Secured | No | No |
Notes payable | $ 8,015 | $ 8,015 |
Eric Kennedy [Member] | ||
Short-term Debt [Line Items] | ||
Due | Demand | Demand |
Interest rate | 0.00% | 0.00% |
Secured | No | No |
Notes payable | $ 30,000 | $ 30,000 |
Rob Novinger [Member] | ||
Short-term Debt [Line Items] | ||
Due | Demand | Demand |
Interest rate | 0.00% | 0.00% |
Secured | No | No |
Notes payable | $ 30,851 | $ 30,851 |
Neu-Ventures, Inc. [Member] | ||
Short-term Debt [Line Items] | ||
Due | Demand | Demand |
Interest rate | 0.00% | 0.00% |
Secured | No | No |
Notes payable | $ 666,334 | $ 788,309 |
Notes Payable, Related Party (D
Notes Payable, Related Party (Details Narrative) - USD ($) | 1 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||||||
May 31, 2019 | Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 17, 2020 | Jan. 31, 2020 | Jan. 01, 2020 | |
Notes payable, related party | $ 735,200 | $ 735,200 | $ 857,175 | ||||||||
Debt instrument face value | $ 1,062,000 | ||||||||||
Accrued interest payable | $ 312,891 | ||||||||||
Percentage of equity ownership interest | 45.17% | 45.17% | 45.17% | ||||||||
Interest paid | $ 0 | $ 0 | |||||||||
Proceeds from advance | 9,825 | 248,043 | |||||||||
Eric Kennedy [Member] | |||||||||||
Debt instrument face value | $ 30,000 | 30,000 | $ 30,000 | ||||||||
Gain on settlement of related party debt | $ 36,000 | ||||||||||
Related party notes payable | 35,000 | ||||||||||
Payments to notes | 10,000 | ||||||||||
Debt instrument principal and interest | 5,000 | 5,000 | |||||||||
Rob Novinger [Member] | |||||||||||
Notes payable, related party | 30,851 | 30,851 | 30,851 | $ 25,000 | $ 20,000 | ||||||
Debt instrument face value | 30,851 | 30,000 | |||||||||
Proceeds from advance | $ 5,000 | ||||||||||
Gain on settlement of related party debt | 5,851 | ||||||||||
Payments to notes | $ 10,000 | ||||||||||
Neu-Ventures, Inc. [Member] | |||||||||||
Debt instrument face value | 666,334 | 666,334 | 788,309 | ||||||||
Proceeds from advance | 9,825 | $ 247,909 | |||||||||
Payment of cash | 186,200 | ||||||||||
Corporate expenses | 54,400 | ||||||||||
Maximum [Member] | |||||||||||
Coupon rate | 10.00% | 10.00% | |||||||||
Minimum [Member] | |||||||||||
Coupon rate | 0.00% | 0.00% | |||||||||
Minimum [Member] | Eric Kennedy [Member] | |||||||||||
Accounts payable and accrued liabilities | $ 35,000 | ||||||||||
Sky Island, Inc., [Member] | |||||||||||
Notes payable, related party | 8,015 | $ 1,757,124 | |||||||||
Accrued interest payable | $ 45,637 | $ 45,637 | $ 45,637 | ||||||||
Percentage of equity ownership interest | 48.10% | 48.10% | 49.60% | ||||||||
Interest expenses | $ 0 | $ 25,200 | $ 0 | $ 53,821 | |||||||
Mr. Jaime Ortega [Member] | |||||||||||
Debt instrument face value | $ 8,015 | $ 8,015 | $ 8,015 | ||||||||
Debt renewals or extension | $ 1,000,000 |
Note Payable (Details Narrative
Note Payable (Details Narrative) - USD ($) | 6 Months Ended | |||
Jun. 30, 2021 | Dec. 31, 2020 | Jan. 31, 2020 | Jul. 02, 2016 | |
Short-term Debt [Line Items] | ||||
Principal amount | $ 1,062,000 | |||
Accrued interest | $ 312,891 | |||
Line of Credit [Member] | ||||
Short-term Debt [Line Items] | ||||
Line of credit | $ 26,609 | $ 26,609 | ||
Principal amount | 19,838 | 19,838 | ||
Accrued interest | $ 6,771 | $ 6,771 | ||
Better Business Consultants, Inc. [Member] | Line of Credit [Member] | ||||
Short-term Debt [Line Items] | ||||
Notes payable | $ 25,000 | |||
Debt instrument term | 6 months |
Schedule of Settlement Payable
Schedule of Settlement Payable (Details) - USD ($) | Jun. 30, 2021 | Dec. 31, 2020 |
Defined Benefit Plan Disclosure [Line Items] | ||
Settlement payable | $ 615,000 | $ 615,000 |
Investor Three [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Settlement payable | $ 615,000 | $ 615,000 |
Settlement payable-related pa_3
Settlement payable-related party (Details Narrative) - Investor Three [Member] - USD ($) | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2021 | Dec. 31, 2018 | Dec. 31, 2015 | |
Defined Benefit Plan Disclosure [Line Items] | |||
Note payable | $ 200,000 | ||
Loss on settlement of debt | $ 615,000 | $ 97,800 | |
Revenue Share Agreement [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Advances on agreements | $ 750,000 | ||
Due to related party | 825,000 | ||
Deferred finance cost | $ 75,000 |
Schedule of Advance on Agreemen
Schedule of Advance on Agreement (Details) - USD ($) | Jun. 30, 2021 | Dec. 31, 2020 | Dec. 31, 2018 |
Defined Benefit Plan Disclosure [Line Items] | |||
Advances on agreements | $ 169,000 | $ 169,000 | |
Investor One and Investor Two [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Advances on agreements | $ 169,000 | $ 169,000 | $ 187,500 |
Advances on Agreements (Details
Advances on Agreements (Details Narrative) - USD ($) | Feb. 28, 2019 | Mar. 18, 2016 | Feb. 16, 2016 | Mar. 31, 2020 | Jun. 30, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Mar. 31, 2016 | Mar. 22, 2016 |
Defined Benefit Plan Disclosure [Line Items] | ||||||||||
Rent payment | $ 6,000 | $ 3,750 | ||||||||
Advances on agreements | 169,000 | 169,000 | ||||||||
Number of shares issued, value | $ 5,500,000 | |||||||||
Investor One [Member] | ||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||
Advances on agreements | 187,500 | |||||||||
Number of shares issued, value | $ 200,000 | |||||||||
Installment payments | 10,000 | |||||||||
Interest expense | $ 4,125 | |||||||||
Investor One [Member] | Binding Letter of Intent One [Member] | ||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||
Payments to purchased property | $ 125,000 | |||||||||
Repurchase the financed property | 187,500 | |||||||||
Rent payment | $ 3,750 | |||||||||
Advances from related party | $ 125,000 | |||||||||
Escrow deposit | $ 40,768 | |||||||||
Number of shares issued | 20,000 | |||||||||
Investor One [Member] | Binding Letter of Intent Two [Member] | ||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||
Advances on agreements | 191,625 | |||||||||
Investor Two [Member] | ||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||
Escrow deposit | $ 350,000 | |||||||||
Investor Two [Member] | Binding Letter of Intent One [Member] | ||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||
Deferred liability | 62,500 | |||||||||
Investor Two [Member] | Binding Letter of Intent Two [Member] | ||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||
Payments to purchased property | $ 350,000 | |||||||||
Repurchase the financed property | 500,000 | |||||||||
Escrow deposit | 165,768 | |||||||||
Purchase price of property | $ 515,000 | |||||||||
Investor Two [Member] | Binding Letter of Intent [Member] | ||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||
Forfeited escrow deposits | $ 165,768 | |||||||||
Investor One And Two [Member] | Binding Letter of Intent One [Member] | ||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||
Investment as note payable | 125,000 | |||||||||
Investor One and Investor Two [Member] | ||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||
Advances on agreements | 169,000 | $ 169,000 | $ 187,500 | |||||||
Number of shares issued, value | $ 11,000 | |||||||||
Installment payments | 10,000 | |||||||||
Additional expense | $ 8,375 | |||||||||
Reduced value | $ 1,000 | |||||||||
Investor One and Investor Two [Member] | Binding Letter of Intent One [Member] | ||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||
Number of shares issued | 20,000 |
Stockholders_ Equity (Details N
Stockholders’ Equity (Details Narrative) - USD ($) | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | |
Class of Stock [Line Items] | |||
Capital stock authorized to issue | 525,000,000 | 525,000,000 | |
Capital stock, par value | $ 0.00 | $ 0.00 | |
Preferred stock shares designated | 20,000,000 | 20,000,000 | |
Common stock shares designated | 500,000,000 | 500,000,000 | |
Preferred stock, shares issued | 0 | 0 | |
Preferred stock, shares outstanding | 0 | 0 | |
Common stock, shares issued | 91,301,200 | 88,461,200 | |
Common stock, shares outstanding | 91,301,200 | 88,461,200 | |
Number of shares sold | 2,490,000 | ||
Common stock to be issued for cash | $ 249,000 | ||
Number of shares issued for service | 350,000 | ||
Number of shares issued for services, value | $ 35,000 | ||
Series A Convertible Preferred Stock [Member] | |||
Class of Stock [Line Items] | |||
Preferred stock shares designated | 5,000,000 | 5,000,000 | |
Preferred stock, shares issued | 0 | 0 | |
Preferred stock, shares outstanding | 0 | 0 |
Commitments and Contingencies (
Commitments and Contingencies (Details Narrative) - USD ($) | Apr. 08, 2021 | Jan. 22, 2018 | Apr. 30, 2021 | Feb. 29, 2020 | Jun. 30, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Arbitration Award [Member] | |||||||
Loss Contingencies [Line Items] | |||||||
Number of shares issued for settlement, value | $ 100,000 | ||||||
Settlement Agreement [Member] | |||||||
Loss Contingencies [Line Items] | |||||||
Stock subscription receivable | $ 1,000,000 | $ 1,000,000 | |||||
Stock option exercise | $ 1,000,000 | 1,000,000 | |||||
Settlement Agreement [Member] | Salem [Member] | |||||||
Loss Contingencies [Line Items] | |||||||
Number of shares cancelled during the period | 1,829,631 | ||||||
Settlement Agreement [Member] | Salem [Member] | Common Stock [Member] | |||||||
Loss Contingencies [Line Items] | |||||||
Number of stock retained | 400,000 | ||||||
Settlement Agreement [Member] | Arbitration Award [Member] | |||||||
Loss Contingencies [Line Items] | |||||||
Number of shares issued for settlement, value | $ 100,000 | ||||||
Settlement in account payable | 100,000 | ||||||
Pineapple Express, Inc. [Member] | |||||||
Loss Contingencies [Line Items] | |||||||
Attorney fees | 144,871 | ||||||
Cost of award | 66,076 | ||||||
Put option payable | 1,000,000 | ||||||
Stock subscription receivable | 1,000,000 | ||||||
Contingent liabilities | $ 40,000 | ||||||
Stock subscriptions payable | $ 444,220 | ||||||
Settlement shares issued | $ 40,000 | ||||||
Stipulated judgment claimed | 60,000 | ||||||
Judgement debtor's amount | 25,000 | ||||||
Hawkeye v. Pineapple Express, Inc [Member] | |||||||
Loss Contingencies [Line Items] | |||||||
Claims from court | 615,000 | ||||||
Sharper, Inc v.Pineapple Express, Inc [Member] | |||||||
Loss Contingencies [Line Items] | |||||||
Amount in controversy | 32,500 | ||||||
Principal amount | 15,375 | ||||||
Contingent liabilities | 18,692 | 18,692 | |||||
Cunningham v.Pineapple Express, Inc [Member] | |||||||
Loss Contingencies [Line Items] | |||||||
Judgment award transitioned | $ 2,367 | ||||||
The Hit Channel, Inc v.Pineapple Express, Inc [Member] | |||||||
Loss Contingencies [Line Items] | |||||||
Restricted stock | $ 40,000 | ||||||
Restricted stock, shares | 555,275 | ||||||
StoryCorp Consulting, dba Wells Compliance Group [Member] | |||||||
Loss Contingencies [Line Items] | |||||||
Contingent liabilities | $ 15,000 | 23,805 | |||||
Judgment award transitioned | 15,000 | ||||||
Russ Schamun [Member] | |||||||
Loss Contingencies [Line Items] | |||||||
Contingent liabilities | $ 7,500 | $ 7,500 |
Subsequent Events (Details Narr
Subsequent Events (Details Narrative) - USD ($) | Aug. 07, 2021 | Jul. 03, 2021 | Apr. 08, 2021 | Apr. 30, 2021 | Jun. 30, 2021 | Dec. 31, 2020 |
Subsequent Event [Line Items] | ||||||
Equity Method Investment, Ownership Percentage | 45.17% | 45.17% | ||||
Settlement Agreement [Member] | ||||||
Subsequent Event [Line Items] | ||||||
Stock option exercise | $ 1,000,000 | $ 1,000,000 | ||||
Stock subscription receivable | $ 1,000,000 | $ 1,000,000 | ||||
Subsequent Event [Member] | Stock Purchase Agreement [Member] | Capital Growth Investments Inc [Member] | ||||||
Subsequent Event [Line Items] | ||||||
Number of shares acquired | 50,000 | |||||
Equity Method Investment, Ownership Percentage | 50.00% | |||||
Business Combination, Consideration Transferred | $ 1,000,000 | |||||
Payments to Acquire Businesses, Gross | $ 100,000 | |||||
Subsequent Event, Description | in exchange for 5% of the shares of the CGI. Within 60 days of execution of the Agreement, the remaining balance of $900,000 shall be paid in exchange for 45% of the Shares of the Company. Contemporaneously with the execution of the Agreement, the parties entered into a Shareholder Agreement for Capital Growth Investments, Inc. (the “Shareholder Agreement” | |||||
Salem [Member] | Settlement Agreement [Member] | ||||||
Subsequent Event [Line Items] | ||||||
Number of shares cancelled during the period | 1,829,631 | |||||
Salem [Member] | Subsequent Event [Member] | ||||||
Subsequent Event [Line Items] | ||||||
Number of shares cancelled during the period | 1,829,631 | |||||
Arbitration Award [Member] | ||||||
Subsequent Event [Line Items] | ||||||
Number of shares issued for settlement, value | $ 100,000 | |||||
Arbitration Award [Member] | Settlement Agreement [Member] | ||||||
Subsequent Event [Line Items] | ||||||
Number of shares issued for settlement, value | $ 100,000 |