| Schedule of Operating Segments |
Summarized in the following tables are
net sales and operating revenues, depreciation and amortization expense, income from continuing operations before taxes, capital
expenditures and assets for the Company’s reportable segments as of and for the fiscal years ended December 31, 2017 and
December 31, 2016:
| |
|
2017 |
|
|
2016 |
|
| Revenues: |
|
|
|
|
|
|
| Online portal operations |
|
$ |
289 |
|
|
$ |
618 |
|
| Cannabis operations |
|
|
6,067,564 |
|
|
|
3,563,502 |
|
| Consolidated revenues |
|
$ |
6,067,853 |
|
|
$ |
3,564,120 |
|
| |
|
|
|
|
|
|
|
|
| Depreciation and amortization: |
|
|
|
|
|
|
|
|
| Online portal operations |
|
$ |
— |
|
|
$ |
— |
|
| Cannabis operations |
|
|
362,691 |
|
|
|
265,746 |
|
| Depreciation and amortization |
|
$ |
362,691 |
|
|
$ |
265,746 |
|
| |
|
|
|
|
|
|
|
|
| Net income (loss): |
|
|
|
|
|
|
|
|
| Online portal operations |
|
$ |
122,636 |
|
|
$ |
589,844 |
|
| Cannabis operations |
|
|
(1,151,698 |
) |
|
|
(268,679 |
) |
| Net income (loss) |
|
$ |
(1,029,062 |
) |
|
$ |
321,165 |
|
| |
|
|
|
|
|
|
|
|
| Capital expenditures: |
|
|
|
|
|
|
|
|
| Online portal operations |
|
$ |
— |
|
|
$ |
— |
|
| Cannabis operations |
|
|
(21,012,563 |
) |
|
|
3,364,070 |
|
| Combined capital expenditures |
|
$ |
(21,012,563 |
) |
|
$ |
3,364,070 |
|
| |
|
|
|
|
|
|
|
|
| Assets: |
|
|
|
|
|
|
|
|
| Online portal operations |
|
$ |
928 |
|
|
$ |
709 |
|
| Cannabis operations |
|
|
32,201,087 |
|
|
|
8,562,392 |
|
| Combined assets |
|
$ |
32,202,015 |
|
|
$ |
8,563,101 |
|
|