Quarterly report pursuant to Section 13 or 15(d)

7. RELATED PARTY TRANSACTIONS

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7. RELATED PARTY TRANSACTIONS
 3 Months Ended
Mar. 31, 2015
Related Party Transactions [Abstract]  
RELATED PARTIES

For the three months ended March 31, 2015 and 2014, the Company recognized sales to the following related parties:

 

                 
        For the three months ended March 31,  
Party   Relationship   2015     2014  
                 
HempMeds PX   80% owned by MJNA   $ –     $ 2,510,066  
        $ –     $ 2,510,066  
                     
          0.0%       95.4%  

  

During 2014, the Company discontinued sales to HempMeds PX (Note 10).

 

During the three months ended March 31, 2015 and 2014, the Company paid $1,542,413 and $1,074,906, respectively, to a stockholder of the Company who is a supplier of hemp oil and hemp to the Company.