| Note 23 - Segment Information |
Note 23 – Segment Information The Company is operating an acquisition and investment business. Majority owned subsidiaries of 51% or more are consolidated. The Company has determined that there are two reportable segments; 1) the cannabis and medical marijuana segment which includes the fair value of securities investments in GW Pharmaceuticals plc (GWPH), [Kush Bottles, Inc., and Solis Tek, Inc.] stock, the fair value of membership interests of Electrum, convertible notes receivables and accrued interest from NeuCourt, the notes receivable from G Farma, the contractual interest in the G Farma legal recovery, finance leases to G Farma and Pueblo West, and the operation of subsidiaries in the Cannabis and medical marijuana sector, and 2) the Company’s legacy investment in WCI which works with business park owners, governmental centers, and apartment complexes to reduce their facility related operating costs. The Company also has certain small cancer related legacy investments and an investment in note receivable from a non-affiliated party that is included in the Corporate and Eliminations section below. | | | Cannabis and Medical Marijuana Segment | | Facility Operations Related | | Corporate and Eliminations | | Consolidated | | Three months ended June 30, 2018 | | | | | | | | | | Net revenue | $ | 336,604 | $ | 894,656 | $ | - | $ | 1,231,260 | | Operating income (loss) | | 92,273 | | (4,295) | | (272,794) | | (184,816) | | Interest income | | 20,488 | | 1 | | 23,031 | | 43,520 | | Interest expense | | 181 | | 4,729 | | (1,039) | | 3,871 | | Property additions | | - | | - | | 2,399 | | 2,399 | | Depreciation and amortization | | - | | 2,593 | | 1,763 | | 4,356 | | | | | | | | | | | Three months ended June 30, 2017 | | | | | | | | | | Net revenue | $ | 4,760 | $ | 759,789 | $ | - | $ | 764,549 | | Operating income (loss) | | 4,374 | | 26,023 | | (307,689) | | (277,292) | | Interest income | | 12,694 | | 2 | | 22,618 | | 35,314 | | Interest expense | | - | | 4,601 | | (1,134) | | 3,467 | | Property additions | | - | | - | | 3,134 | | 3,134 | | Depreciation and amortization | | - | | 3,323 | | 782 | | 4,105 | | | | Cannabis and Medical Marijuana Segment | | Facilities Operations Related | | Corporate and Eliminations | | Consolidated | | Six months ended June 30, 2018 | | | | | | | | | | Net sales | $ | 497,132 | $ | 1,750,327 | $ | - | $ | 2,247,459 | | Operating income (loss) | | 133,869 | | 22,193 | | (560,949) | | (404,887) | | Interest income | | 17,322 | | 1 | | 65,263 | | 82,586 | | Interest expense | | 181 | | 9,991 | | (2,173) | | 7,999 | | Property additions | | - | | - | | 2,399 | | 2,399 | | Total assets | | 3,600,349 | | 1,147,566 | | 3,225,400 | | 7,973,315 | | Depreciation and amortization | | - | | 5,185 | | 3,471 | | 8,656 | | | | | | | | | | | Six months ended June 30, 2017 | | | | | | | | | | Net sales | $ | 4,760 | $ | 1,497,932 | $ | - | $ | 1,502,692 | | Operating income (loss) | | 4,075 | | 79,948 | | (740,709) | | (661,686) | | Interest income | | 17,322 | | 3 | | 46,283 | | 63,608 | | Interest expense | | - | | 9,785 | | (2,268) | | 7,517 | | Property additions | | - | | - | | 3,134 | | 3,134 | | Total assets | | 3,029,207 | | 1,119,991 | | 3,247,402 | | 7,396,600 | | Depreciation and amortization | | - | | 6,646 | | 1,407 | | 8,054 | 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, | | | | 2018 | | 2017 | | 2018 | | 2017 | | Operating loss | $ | (184,816) | $ | (277,292) | $ | (404,887) | $ | (661,686) | | Gain (loss) on investments | | 66,606 | | - | | 118,197 | | - | | Interest income | | 43,520 | | 35,314 | | 82,586 | | 63,608 | | Interest expense | | (3,871) | | (3,467) | | (7,999) | | (7,517) | | Other expense | | 2,380 | | - | | 2,380 | | 500 | | | | | | | | | | | Income before income taxes | $ | (76,181) | $ | (245,445) | $ | (209,723) | $ | (605,095) |
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