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)

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Schedule of operating segments and corporate-unallocated operating income (loss) to consolidated income before income taxes (Tables)
 9 Months Ended
Sep. 30, 2015
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

September 30

Nine months ended

September 30

 

2015

2014

2015

2014

Operating income

$

(185,393)

$

(170,128)

$

(572,831)

$

(581,088)

Gain recognized on purchase of majority interest in WCI

 

-

-

-

1,250,964

Interest income

 

27,167

12,453

47,854

15,982.00

Interest expense

 

(4,146)

(7,043)

(12,205)

(13,550)

Loan costs

 

-

-

-

(635,851)

Gain (loss) on investments

 

556

(7,782)

(2,082)

(5,590)

Gain on conversion of investment in

 

   MicroCannaBiz to note receivable

 

-

-

35,360

-

Gain (loss) on equipment disposals

 

-

(4,925)

-

(1,886)

Other income

 

-

-

-

167

 

  Income before income taxes

$

(161,816)

$

(177,425)

$

(503,904)

$

29,148