Segment Information

6 Months Ended

Jun. 30, 2024

Segment Information [Abstract]

SEGMENT INFORMATION

NOTE 9.  SEGMENT INFORMATION

Our operations are organized into two segments: Retail and Cultivation. 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 our internal organization and disclosure of revenue and certain expenses based upon internal accounting methods. Our 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.

Three months ended June 30,

2024	Retail			Cultivation			Eliminations			Total
Revenues	$	3,689,122			344,149			(344,149	)		3,689,122
Costs and expenses		(2,981,932	)		(211,796	)		344,149			(2,849,552	)
Segment operating income	$	707,190		$	132,353		$	—			839,570
Corporate expenses											(784,115	)
Net loss from continuing operations before income taxes										$	55,455

2023	Retail			Cultivation			Eliminations			Total
Revenues	$	5,079,564		$	944,830		$	(926,400	)	$	5,097,994
Costs and expenses		(5,347,268	)		(1,046,274	)		926,400			(5,467,142	)
Segment operating income	$	(267,704	)	$	(101,444	)	$	—			(369,148	)
Corporate expenses											(1,667,007	)
Net loss from continuing operations before income taxes										$	(2,036,155	)

Six months ended June 30,

2024	Retail			Cultivation			Eliminations			Total
Revenues	$	7,375,003			592,791			(592,791	)		7,375,003
Costs and expenses		(6,098,192	)		(820,082	)		592,791			(6,325,483	)
Segment operating income	$	1,276,811		$	(227,291	)	$	—			1,049,520
Corporate expenses											(2,246,844	)
Net loss from continuing operations before income taxes										$	(1,197,324	)

2023	Retail			Cultivation			Eliminations			Total
Revenues	$	10,190,183		$	1,628,847		$	(1,610,417	)	$	10,208,613
Costs and expenses		(9,882,836	)		(2,185,847	)		1,610,417			(10,458,266	)
Segment operating income	$	307,347		$	(557,000	)	$	—			(249,653	)
Corporate expenses											(3,587,300	)
Net loss from continuing operations before income taxes										$	(3,836,953	)

	June 30,		December 31,
Total assets	2024		2023
Retail	$	19,504,130	$	20,491,961
Cultivation		1,987,481		1,736,685
Corporate		561,257		1,018,247
Total assets – segments		22,052,868		23,246,893
Intercompany eliminations		—		—
Total assets – consolidated	$	22,052,868	$	23,246,893