Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting

v3.10.0.1
Segment Reporting
9 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Segment Reporting

NOTE 13 – SEGMENT REPORTING

 

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