| Schedule of Operating Segments |
In accordance with ASC 280, the following is
information regarding the Company’s operating segments:
| |
|
Three Months Ended March 31, |
|
| |
|
2018 |
|
|
2017 |
|
| Revenues: |
|
|
|
|
|
|
|
|
| Online portal operations |
|
$ |
— |
|
|
$ |
61 |
|
| Cannabis operations |
|
|
2,082,950 |
|
|
|
1,150,658 |
|
| Consolidated revenues |
|
$ |
2,082,950 |
|
|
$ |
1,150,719 |
|
| |
|
|
|
|
|
|
|
|
| Depreciation: |
|
|
|
|
|
|
|
|
| Online portal operations |
|
$ |
— |
|
|
$ |
— |
|
| Cannabis operations |
|
|
80,791 |
|
|
|
69,827 |
|
| Depreciation and amortization |
|
$ |
80,791 |
|
|
$ |
69,827 |
|
| |
|
|
|
|
|
|
|
|
| Net income (loss): |
|
|
|
|
|
|
|
|
| Online portal operations |
|
$ |
(103 |
) |
|
$ |
(138,023 |
) |
| Cannabis operations |
|
|
(1,831,806 |
) |
|
|
247,409 |
|
| Net income (loss) |
|
$ |
(1,831,909 |
) |
|
$ |
109,386 |
|
| |
|
|
|
|
|
|
|
|
| Capital expenditures: |
|
|
|
|
|
|
|
|
| Online portal operations |
|
$ |
— |
|
|
$ |
— |
|
| Cannabis operations |
|
|
1,294,858 |
|
|
|
1,806,655 |
|
| Combined capital expenditures |
|
$ |
1,294,858 |
|
|
$ |
1,806,655 |
|
| |
|
|
|
|
|
|
|
|
| Assets: |
|
|
|
|
|
|
|
|
| Online portal operations |
|
$ |
1,295 |
|
|
$ |
4,576 |
|
| Cannabis operations |
|
|
33,936,779 |
|
|
|
10.845,183 |
|
| Combined assets |
|
$ |
33,938,074 |
|
|
$ |
10,849,759 |
|
|