Quarterly report pursuant to Section 13 or 15(d)

Schedule of operating segments and corporate-unallocated operating income (loss) to consolidated income before income taxes (Tables)

v3.5.0.2
Schedule of operating segments and corporate-unallocated operating income (loss) to consolidated income before income taxes (Tables)
 6 Months Ended
Jun. 30, 2016
Schedule of operating segments and corporate-unallocated operating income (loss) to consolidated income before income taxes  
Schedule of operating segments and corporate-unallocated operating income (loss) to consolidated income before income taxes

The following table reconciles operating segments and corporate-unallocated operating income (loss) to consolidated income before income taxes, as presented in the unaudited condensed consolidated income statements:

 

 

Three Months Ended June 30,

Six Months Ended June 30,

 

2016

2015

2016

2015

Operating loss

$

(310,896)

$

(194,121)

$

(492,393)

$

(387,437)

Interest income

 

34,619

18,109

61,866

20,687

Interest expense

 

(10,367)

(3,870)

(22,235)

(8,059)

Gain (loss) on investments

 

-

(3,977)

(22,289)

(2,639)

Gain on conversion of investment in MicroCannaBiz to note receivable

 

-

35,360

-

35,360

Other expense

 

605

-

(133)

-

 

 Income before income taxes

$

(286,039)

$

(148,499)

$

(475,184)

$

(342,088)