Quarterly report pursuant to Section 13 or 15(d)

Segments

v3.8.0.1
Segments
9 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
Segments

NOTE 11 – SEGMENTS

 

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

 

    Nine Months Ended September 30,  
    2017     2016  
Revenues:                
Online portal operations   $ 289     $ 510  
Cannabis operations     4,487,184       2,134,935  
Consolidated revenues   $ 4,487,473     $ 2,135,445  
                 
Depreciation and amortization:                
Online portal operations   $     $  
Cannabis operations     263,624       166,108  
Depreciation and amortization   $ 263,624     $ 166,108  
                 
Net income (loss):                
Online portal operations   $ (31,703 )   $ (355,058 )
Cannabis operations     331,864       327,637  
Net income (loss)   $ 300,161     $ (27,421 )
                 
Capital expenditures:                
Online portal operations   $     $  
Cannabis operations     11,502,688       3,346,355  
Combined capital expenditures   $ 11,502,688     $ 3,346,355  
                 
Assets:                
Online portal operations   $ 1,476     $ 9,137  
Cannabis operations     21,370,942       7,687,828  
Combined assets   $ 21,372,418     $ 7,696,965