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NOTE RECEIVABLE
6 Months Ended
Jun. 30, 2018
Receivables [Abstract]  
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

NOTE 5.   NOTE RECEIVABLE


On June 6, 2018, we loaned $600,000 to Dope Media, Inc. (“Dope Media”) pursuant to the terms of a senior secured note (“Dope Media Note”), bearing interest at 10% per annum and a maturity date of May 31, 2019. Dope Media’s obligations under the Dope Media Note are secured by all of Dope Media’s assets. In connection with the loan transaction, Dope Media also issued a warrant (“Dope Media Warrant”) to the Company to purchase an aggregate of 1,846,187 shares of Dope Media’s common stock at an exercise price of $0.3278 per share, which represents approximately 5% of fully diluted outstanding common and preferred shares of Dope Media. The Dope Media Warrant may be exercised within 20 days of the earlier of (a) the maturity date of the Dope Media Note, (b) at such other time that the Dope Media Note is declared due and payable, or (c) Dope Media completing an acquisition, merger or consolidation transactions.  The Dope Media Warrant may be exercised in exchange for cash or, in the event of an increase in the per share price of Dope Media stock, net settled in a cashless exercise.  The Dope Media Warrant includes standard anti-dilution protections to GCC.  In the event of a merger or consolidation transaction, GCC may elect to receive a proportionate share of any common stock or other assets received in consideration for such a transaction. The balance as of June 30, 2018 of the note receivable was $600,000 with accrued interest of $2,833. The estimated fair value of the Dope Media Warrant is nominal.