| Schedule of segment information |
Schedule of segment information
| |
|
Cannabis
and Medical Marijuana Segment |
|
|
Facilities Operations Related
|
|
|
Corporate, Other,
and Eliminations
|
|
|
Consolidated |
|
| 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net
sales |
|
$ |
37,659 |
|
|
$ |
7,670,641 |
|
|
$ |
(2,585 |
)
|
|
$ |
7,705,715 |
|
| Operating
income (loss) |
|
|
32,909 |
|
|
|
(830,098 |
) |
|
|
(828,109 |
)
|
|
|
(1,625,298 |
) |
| Interest
income |
|
|
- |
|
|
|
5 |
|
|
|
58,725 |
|
|
|
58,730 |
|
| Interest
expense |
|
|
- |
|
|
|
46,321 |
|
|
|
33,878 |
|
|
|
80,199 |
|
| Total
assets |
|
|
1,000 |
|
|
|
3,302,931 |
|
|
|
1,689,961 |
|
|
|
4,993,892 |
|
| Property
additions |
|
|
- |
|
|
|
63,089 |
|
|
|
- |
|
|
|
63,089 |
|
| Fixed
asset depreciation and amortization |
|
|
- |
|
|
|
69,176 |
|
|
|
2,081 |
|
|
|
71,257 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net
sales |
|
$ |
40,764 |
|
|
$ |
5,969,674 |
|
|
$ |
- |
|
|
$ |
6,010,438 |
|
| Operating
income (loss) |
|
|
26,849 |
|
|
|
95,336 |
|
|
|
(526,521 |
) |
|
|
(404,336 |
) |
| Interest
income |
|
|
- |
|
|
|
3 |
|
|
|
70,226 |
|
|
|
70,229 |
|
| Interest
expense |
|
|
- |
|
|
|
38,330 |
|
|
|
24,062 |
|
|
|
62,392 |
|
| Total
assets |
|
|
900,484 |
|
|
|
2,240,047 |
|
|
|
1,645,910 |
|
|
|
4,786,441 |
|
| Property
additions |
|
|
- |
|
|
|
160,102 |
|
|
|
1,264 |
|
|
|
161,366 |
|
| Fixed
asset depreciation and amortization |
|
|
- |
|
|
|
45,936 |
|
|
|
5,744 |
|
|
|
51,710 |
|
|
| Schedule of 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 for the years ended December 31, 2022 and 2021, as presented in the consolidated income statements:
Schedule
of reconciliation of revenue from segments to consolidated
| |
|
2022 |
|
|
2021 |
|
| Operating loss |
|
$ |
(1,625,298 |
) |
|
$ |
(404,336 |
) |
| Employee retention tax credit (WCI) |
|
|
1,350,161 |
|
|
|
- |
|
| Realized gain (loss) on investments in securities |
|
|
(170,418 |
) |
|
|
1,017 |
|
| Impairment of investments |
|
|
- |
|
|
|
22,718 |
|
| Interest income |
|
|
58,730 |
|
|
|
70,229 |
|
| Interest expense |
|
|
(80,199 |
) |
|
|
(62,392 |
) |
| Gain (loss) on equipment disposals |
|
|
56,455 |
|
|
|
86 |
|
| PPP loan forgiven |
|
|
- |
|
|
|
87,122 |
|
| EIDL Grant |
|
|
- |
|
|
|
- |
|
| Other income |
|
|
58,027 |
|
|
|
38,870 |
|
|