| Schedule of Operating Segments |
In accordance with ASC 280, the following
is information regarding the Company’s operating segments:
| |
|
Six Months Ended June 30, |
|
| |
|
2018 |
|
|
2017 |
|
| Revenues: |
|
|
|
|
|
|
|
|
| Online portal operations |
|
$ |
— |
|
|
$ |
114 |
|
| Cannabis related operations |
|
|
5,020,275 |
|
|
|
2,771,662 |
|
| Consolidated revenues |
|
$ |
5,020,275 |
|
|
$ |
2,771,776 |
|
| |
|
|
|
|
|
|
|
|
| Depreciation: |
|
|
|
|
|
|
|
|
| Online portal operations |
|
$ |
— |
|
|
$ |
— |
|
| Cannabis related operations |
|
|
253,713 |
|
|
|
163,410 |
|
| Depreciation |
|
$ |
253,713 |
|
|
$ |
163,410 |
|
| |
|
|
|
|
|
|
|
|
| Net income (loss): |
|
|
|
|
|
|
|
|
| Online portal operations |
|
$ |
(181 |
) |
|
$ |
(146,774 |
) |
| Cannabis related operations |
|
|
(1,831,210 |
) |
|
|
760,965 |
|
| Net income (loss) |
|
$ |
(8,110,391 |
) |
|
$ |
614,191 |
|
| |
|
|
|
|
|
|
|
|
| Capital expenditures: |
|
|
|
|
|
|
|
|
| Online portal operations |
|
$ |
— |
|
|
$ |
— |
|
| Cannabis related operations |
|
|
5,663,585 |
|
|
|
3,766,154 |
|
| Combined capital expenditures |
|
$ |
5,663,585 |
|
|
$ |
3,766,154 |
|
| |
|
|
|
|
|
|
|
|
| Assets: |
|
|
|
|
|
|
|
|
| Online portal operations |
|
$ |
1,217 |
|
|
$ |
1,504 |
|
| Cannabis related operations |
|
|
45,439,399 |
|
|
|
15,349,925 |
|
| Combined assets |
|
$ |
45,440,616 |
|
|
$ |
15,351,429 |
|
|