| Schedule of Operating 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 |
|
|