| NOTE 12 - SEGMENTS |
NOTE 12 – SEGMENTS
The Company follows paragraph 280 of the FASB Accounting
Standards Codification for disclosures about segment reporting. This Statement requires companies to report information about operating
segments in interim and annual financial statements. It also requires segment disclosures about products and services, geographic
areas, and major customers.
| |
|
Three Months Ended |
| |
|
March 31, |
|
March 31, |
| |
|
2017 |
|
2016 |
| Revenues: |
|
|
|
|
|
|
|
|
| Worlds 3D |
|
$ |
61 |
|
|
$ |
213 |
|
| MariMed Advisors |
|
|
1,150,658 |
|
|
|
614,243 |
|
| Consolidated revenues |
|
$ |
1,150,719 |
|
|
$ |
614,456 |
|
| |
|
|
|
|
|
|
|
|
| Depreciation and amortization: |
|
|
|
|
|
|
|
|
| Worlds 3D |
|
$ |
— |
|
|
$ |
— |
|
| MariMed Advisors |
|
|
69,827 |
|
|
|
35,439 |
|
| Depreciation and amortization |
|
$ |
69,827 |
|
|
$ |
35,439 |
|
| |
|
|
|
|
|
|
|
|
| Profit/(Loss) before taxes |
|
|
|
|
|
|
|
|
| Worlds 3D |
|
$ |
(138,023 |
) |
|
$ |
(132,521 |
) |
| MariMed Advisors |
|
|
247,409 |
|
|
|
70,759 |
|
| Profit/(Loss) before taxes |
|
$ |
109,386 |
|
|
$ |
(61,762 |
) |
|
Capital Expenditures:
|
|
|
|
|
|
|
|
|
| Worlds 3D |
|
$ |
— |
|
|
$ |
— |
|
| MariMed Advisors |
|
|
1,806,655 |
|
|
|
990,504 |
|
| Combined capital expenditures |
|
$ |
1,806,655 |
|
|
$ |
990,504 |
|
| |
|
|
|
|
|
|
|
|
| Assets: |
|
|
|
|
|
|
|
|
| Worlds 3D |
|
$ |
4,576 |
|
|
$ |
20,311 |
|
| MariMed Advisors |
|
|
10.845,183 |
|
|
|
5,368,004 |
|
| Combined assets |
|
$ |
10,849,759 |
|
|
$ |
5,388,315 |
|
|