| Schedule of Operating Segments |
In accordance with ASC 280, the following is
information regarding the Company’s operating segments:
| |
|
Nine Months Ended September 30, |
|
| |
|
2018 |
|
|
2017 |
|
| Revenues: |
|
|
|
|
|
|
| Online portal operations |
|
$ |
— |
|
|
$ |
289 |
|
| Cannabis related operations |
|
|
8,411,858 |
|
|
|
4,487,184 |
|
| Consolidated revenues |
|
$ |
8,411,858 |
|
|
$ |
4,487,473 |
|
| |
|
|
|
|
|
|
|
|
| Depreciation: |
|
|
|
|
|
|
|
|
| Online portal operations |
|
$ |
— |
|
|
$ |
— |
|
| Cannabis related operations |
|
|
445,504 |
|
|
|
263,624 |
|
| Depreciation |
|
$ |
445,504 |
|
|
$ |
263,624 |
|
| |
|
|
|
|
|
|
|
|
| Net income (loss): |
|
|
|
|
|
|
|
|
| Online portal operations |
|
$ |
(207 |
) |
|
$ |
(31,903 |
) |
| Cannabis related operations |
|
|
(18,221,440 |
) |
|
|
331,864 |
|
| Net income (loss) |
|
$ |
(18,221,647 |
) |
|
$ |
300,161 |
|
| |
|
|
|
|
|
|
|
|
| Capital expenditures: |
|
|
|
|
|
|
|
|
| Online portal operations |
|
$ |
— |
|
|
$ |
— |
|
| Cannabis related operations |
|
|
7,259,413 |
|
|
|
11,502,688 |
|
| Combined capital expenditures |
|
$ |
7,259,413 |
|
|
$ |
11,502,688 |
|
| |
|
|
|
|
|
|
|
|
| Assets: |
|
|
|
|
|
|
|
|
| Online portal operations |
|
$ |
1,191 |
|
|
$ |
1,476 |
|
| Cannabis related operations |
|
|
57,132,308 |
|
|
|
21,370,942 |
|
| Combined assets |
|
$ |
57,133,499 |
|
|
$ |
21,372,418 |
|
|