| Schedule of segment information |
Schedule of segment information
| |
|
Cannabis and Medical Marijuana Segment |
|
|
Facility Operations Related |
|
|
Corporate and Eliminations |
|
|
Consolidated |
|
| Three months ended June 30, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
| Net revenue |
|
$ |
8,473 |
|
|
$ |
1,860,146 |
|
|
$ |
- |
|
|
$ |
1,868,619 |
|
| Operating income (loss) |
|
|
8,080 |
|
|
|
(232,777 |
) |
|
|
(439,064 |
) |
|
|
(663,761 |
) |
| Interest income |
|
|
- |
|
|
|
- |
|
|
|
13,391 |
|
|
|
13,391 |
|
| Interest expense |
|
|
- |
|
|
|
10,386 |
|
|
|
9,176 |
|
|
|
19,562 |
|
| Property additions |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Depreciation and amortization |
|
|
- |
|
|
|
17,750 |
|
|
|
- |
|
|
|
17,750 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Three months ended June 30, 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net revenue |
|
$ |
10,330 |
|
|
$ |
1,362,308 |
|
|
$ |
- |
|
|
$ |
1,372,638 |
|
| Operating income (loss) |
|
|
8,324 |
|
|
|
(181,557 |
) |
|
|
(134,057 |
) |
|
|
(307,290 |
) |
| Interest income |
|
|
- |
|
|
|
- |
|
|
|
16,245 |
|
|
|
16,245 |
|
| Interest expense |
|
|
- |
|
|
|
9,831 |
|
|
|
5,733 |
|
|
|
15,114 |
|
| Property additions |
|
|
- |
|
|
|
7,416 |
|
|
|
1,264 |
|
|
|
8,680 |
|
| Depreciation and amortization |
|
|
- |
|
|
|
8,393 |
|
|
|
1,461 |
|
|
|
9,854 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Six months ended June 30, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net revenue |
|
$ |
17,491 |
|
|
$ |
3,700,027 |
|
|
$ |
- |
|
|
$ |
3,717,518 |
|
| Operating income (loss) |
|
|
13,571 |
|
|
|
(45,627 |
) |
|
|
(600,329 |
) |
|
|
(632,385 |
) |
| Interest income |
|
|
- |
|
|
|
- |
|
|
|
27,744 |
|
|
|
27,744 |
|
| Interest expense |
|
|
- |
|
|
|
21,180 |
|
|
|
16,589 |
|
|
|
37,769 |
|
| Property additions |
|
|
- |
|
|
|
27,902 |
|
|
|
- |
|
|
|
27,902 |
|
| Depreciation and amortization |
|
|
- |
|
|
|
32,596 |
|
|
|
1,044 |
|
|
|
33,640 |
|
| Total assets |
|
|
859,439 |
|
|
|
3,806,899 |
|
|
|
1,480,319 |
|
|
|
6,146,657 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Six months ended June 30, 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net revenue |
|
$ |
21,200 |
|
|
$ |
2,672,147 |
|
|
$ |
- |
|
|
$ |
2,693,262 |
|
| Operating income (loss) |
|
|
14,450 |
|
|
|
(185,503 |
) |
|
|
(300,982 |
) |
|
|
(472,035 |
) |
| Interest income |
|
|
- |
|
|
|
- |
|
|
|
32,735 |
|
|
|
32,735 |
|
| Interest expense |
|
|
- |
|
|
|
17,879 |
|
|
|
9,306 |
|
|
|
27,185 |
|
| Property additions |
|
|
- |
|
|
|
10,235 |
|
|
|
1,264 |
|
|
|
16,539 |
|
| Depreciation and amortization |
|
|
- |
|
|
|
16,353 |
|
|
|
2,921 |
|
|
|
19,274 |
|
| Total assets |
|
|
394,926 |
|
|
|
1,944,190 |
|
|
|
2,188,586 |
|
|
|
4,527,702 |
|
|
| 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:
Reconciliation of revenue from segments to consolidated
| |
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
| |
|
Three Months Ended
June 30,
|
|
|
Six Months Ended
June 30,
|
|
| |
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
| Operating loss |
|
$ |
(663,761 |
) |
|
$ |
(307,290 |
) |
|
$ |
(632,385 |
) |
|
$ |
(472,035 |
) |
| Employee retention credits |
|
|
1,350,161 |
|
|
|
- |
|
|
|
1,350,161 |
|
|
|
- |
|
| Gain (loss) on investments |
|
|
929 |
|
|
|
(11,423 |
) |
|
|
(40,251 |
) |
|
|
(6,574 |
) |
| Interest income |
|
|
13,391 |
|
|
|
16,245 |
|
|
|
27,744 |
|
|
|
32,735 |
|
| Interest expense |
|
|
(19,562 |
) |
|
|
(15,114 |
) |
|
|
(37,769 |
) |
|
|
(27,185 |
) |
| Gain on asset disposals |
|
|
30,287 |
|
|
|
2,074 |
|
|
|
56,455 |
|
|
|
1,432 |
|
| EIDL Advance |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
10,000 |
|
| Other income |
|
|
1,897 |
|
|
|
2,450 |
|
|
|
1,897 |
|
|
|
1,398 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|