Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

Segment Information (Tables)

9 Months Ended

Sep. 30, 2022

	Cannabis and Medical Marijuana Segment		Facility Operations Related			Corporate and Eliminations			Consolidated
Three months ended September 30, 2022
Net revenue	$	20,168	$	1,910,131		$	-		$	1,930,299
Operating income (loss)		19,507		(314,565	)		(126,983	)		(422,041	)
Interest income		-		-			12,887			12,887
Interest expense		-		10,564			9,719			20,283
Property additions		-		18,334			-			18,334
Depreciation and amortization		-		17,687			520			18,207

Three months ended September 30, 2021
Net revenue	$	9,972	$	1,482,649		$	-		$	1,492,624
Operating income (loss)		6,426		196,565			(116,664	)		86,327
Interest income		-		-			16,269			16,269
Interest expense		-		9,831			7,333			16,714
Property additions		-		92,013			1,264			93,277
Depreciation and amortization		-		13,570			1,461			15,031

Nine months ended September 30, 2022
Net revenue	$	37,659	$	5,610,158		$	-		$	5,647,817
Operating income (loss)		33,079		(360,192	)		(727,315	)		(1,054,428	)
Interest income		-		5			40,632			40,632
Interest expense		-		31,743			26,309			58,052
Property additions		-		46,236			-			46,236
Depreciation and amortization		-		50,283			1,564			51,847
Total assets		737,847		3,536,780			1,566,378			5,841,005

Nine months ended September 30, 2021
Net revenue	$	31,176	$	4,154,711		$	-		$	4,185,887
Operating income (loss)		20,876		11,062			(417,644	)		(385,706	)
Interest income		-		-			49,003			49,003
Interest expense		-		27,421			16,478			43,899
Property additions		-		107,290			1,264			108,554
Depreciation and amortization		-		29,923			4,382			34,305
Total assets		396,907		1,997,786			2,391,748			4,786,441

Reconciliation of revenue from segments to consolidated

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:

	2022			2021			2022			2021
	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Operating loss	$	(422,041	)	$	86,327		$	(1,054,428	)	$	(385,706	)
Employee retention credits		-			-			1,350,161			-
Gain (loss) on investments		590			(2,427	)		(39,661	)		(8,001	)
Interest income		12,887			16,269			40,632			49,003
Interest expense		(20,283	)		(16,714	)		(58,052	)		(43,899	)
Gain on asset disposals		-			(671	)		56,455			761
Paycheck protection program loan forgiveness		-			-			-			10,000
Other income		56,128			4,032			58,026			4,429

Income before income taxes	$	(372,719	)	$	86,816		$	353,133		$	(373,413	)