Quarterly report pursuant to Section 13 or 15(d)

Segments

v3.7.0.1
Segments
6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Segments

NOTE 11 – SEGMENTS

 

In accordance with ASC 280, the following is information regarding the Company’s operating segments:

 

    Six Months Ended  
    June 30, 2017     June 30, 2016  
Revenues:                
Online portal operations   $ 114     $ 297  
Cannabis operations     2,771,662       1,261,599  
Consolidated revenues   $ 2,771,776     $ 1,261,896  
                 
Depreciation and amortization:                
Online portal operations   $     $  
Cannabis operations     163,410       99,686  
Depreciation and amortization   $ 163,410     $ 99,686  
                 
Profit/(Loss) before taxes                
Online portal operations   $ (146,774 )   $ (257,603 )
Cannabis operations     760,965       240,042  
Profit/(Loss) before taxes   $ 614,191     $ (17,561 )
Capital Expenditures:                
Online portal operations   $     $  
Cannabis operations     3,766,154       1,500,773  
Combined capital expenditures   $ 3,766,154     $ 1,500,773  
                 
Assets:                
Online portal operations   $ 1,504     $ 12,127  
Cannabis operations     15,349,925       5,701,77  
Combined assets   $ 15,351,429     $ 5,713,899