| Schedule of Operating 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 |
|
|