SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2020

SEGMENT INFORMATION

SEGMENT INFORMATION

NOTE 14.  SEGMENT INFORMATION

Our operations are organized into three segments: Operations Consulting and Products; Cultivation; and Capital Investments.  All revenue originates, and all assets are located in the United States. Segment information is presented in accordance with ASC 280, "Segments Reporting." This standard is based on a management approach that requires segmentation based upon the Company’s internal organization and disclosure of revenue and certain expenses based upon internal accounting methods. The Company’s financial reporting systems present various data for management to run the business, including internal profit and loss statements prepared on a basis not consistent with GAAP. The following information is presented net of discontinued operations. For more information regarding discontinued operations see Note 3.

Three months ended June 30

2020	Operations		Cultivation			Investments	Total
Services	$	54,364		—	$	—	$	54,364
Cultivation sales		—		509,175				509,175
Interest income		—		—		45,369		45,369
Product		1,127,417		—		—		1,127,417
Total revenues		1,181,781		509,175		45,369		1,736,325
Costs and expenses		(1,304,650)		(456,661)		(125,000)		(1,886,311)
	$	(122,869)	$	52,514	$	(79,631)	$	(149,986)
Corporate								(1,796,154)
						Net loss	$	(1,946,140)

2019	Operations		Cultivation		Investments		Total
Service	$	366,520	$	—	$	—	$	366,520
Interest income		—		—		27,775		27,775
Product		426,122		—		—		426,122
Total revenues		792,642		—		27,775		820,417
Costs and expenses		(859,236)		—		(1,648)		(860,884)
	$	(66,594)	$	—	$	26,127	$	(40,467)
Corporate								(2,407,759)
						Net loss	$	(2,448,226)

Six months ended June 30

2020	Operations		Cultivation		Investments		Total
Services	$	362,750	$	—	$	—	$	362,750
Cultivation sales				509,175		—		509,175
Interest income		—		—		62,098		62,098
Product		2,466,490		—		—		2,466,490
Total revenues		2,829,240		509,175		62,098		3,400,513
Costs and expenses		(2,921,137)		(456,661)		(125,000)		(3,502,798)
	$	(91,897)	$	52,514	$	(62,902)	$	(102,285)
Corporate								(3,705,176)
						Net loss	$	(3,807,461)

2019	Operations		Cultivation		Investments		Total
Service	$	614,303	$	—	$	—	$	614,303
Interest income		—		—		42,596		42,596
Product		958,440		—		—		958,440
Total revenues		1,572,743		—		42,596		1,615,339
Costs and expenses		(1,536,617)		—		(41,723)		(1,578,340)
	$	36,126	$	—	$	873	$	36,999
Corporate							$	(6,653,227)
						Net loss	$	(6,616,228)

	June 30,		December 31,
Total assets	2020		2019
Operations		325,949		441,841
Cultivation		2,040,962		—
Investments		442,768		402,988
Corporate		5,557,010		2,135,395
	$	8,366,689	$	2,980,224