Annual report pursuant to Section 13 and 15(d)

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

v3.8.0.1
Schedule of operating segments and corporate-unallocated operating income (loss) to consolidated income before income taxes (Tables)
 12 Months Ended
Dec. 31, 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 for the years ended December 31, 2016 and 2015, as presented in the consolidated income statements:

 

 

2016

 

2015

Operating loss

$

(895,974)

$

(772,213)

Interest income

 

114,836

 

75,050

Interest expense

 

(40,625)

 

(15,632)

Decrease in fair value of convertible  securities liability

 

-

 

589,611

Goodwill impairment

 

-

 

(466,765)

Gain on conversion of investment in MicroCannaBiz to note receivable

 

-

 

35,360

Loss on impairment of MicroCannaBiz note

 

 

 

 

receivable and accrued interest

 

-

 

(76,010)

Realized gain (loss) on investments

 

(42,289)

 

(131,458)

Gain (loss) on equipment disposals

 

11,568

 

-

Other income

 

9,143

 

425

 Income before income taxes

$

(843,341)

$

(761,632)