SEGMENT INFORMATION

9 Months Ended

Sep. 30, 2020

SEGMENT INFORMATION

SEGMENT INFORMATION

NOTE 13.  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 September 30

2020	Operations		Cultivation			Investments	Total
Total revenues	$	765,496	$	798,352	$	21,716	$	1,585,564
Costs and expenses		(905,469)		(609,381)		—		(1,514,850)
Operating (loss) income	$	(139,973)	$	188,971	$	21,716		70,714
Corporate expenses								(645,983)
Net loss from continuing operations							$	(575,269)

2019	Operations		Cultivation		Investments		Total
Total revenues	$	834,334	$	—	$	28,597	$	862,931
Costs and expenses		(784,844)		—		—		(784,844)
Operating income	$	49,490	$	—	$	28,597		78,087
Corporate expenses								(1,968,000)
Net loss from continuing operations							$	(1,889,913)

Nine months ended September 30

2020	Operations		Cultivation		Investments		Total
Total revenues	$	3,594,736	$	1,307,527	$	83,814	$	4,986,077
Costs and expenses		(3,826,606)		(1,025,507)		(125,000)		(4,977,113)
Operating (loss) income	$	(231,870)	$	282,020	$	(41,186)		8,964
Corporate expenses								(4,351,159)
Net loss from continuing operations							$	(4,342,195)

2019	Operations		Cultivation		Investments		Total
Total revenues		2,407,077		—		71,193		2,478,270
Costs and expenses		(2,321,461)		—		(41,723)		(2,363,184)
Operating income	$	85,616	$	—	$	29,470		115,086
Corporate expenses								(8,621,227)
Net loss from continuing operations							$	(8,506,141)

	September 30,		December 31,
Total assets	2020		2019
Operations	$	372,123	$	441,841
Cultivation		3,843,614		—
Investments		451,712		402,988
Corporate		3,475,927		2,135,395
	$	8,143,376	$	2,980,224