SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2021

SEGMENT INFORMATION

SEGMENT INFORMATION

NOTE 20. SEGMENT INFORMATION

Our operations are organized into three segments: Operations; Cultivation; and 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 see Note 3.

Year ended December 31

2021	Retail		Cultivation		Eliminations		Total
Revenues	$	3,515,761	$	2,722,059	$	(325,093)	$	5,912,727
Costs and expenses		(3,112,595)		(6,273,162)		325,093		(9,060,664)
Segment operating income	$	403,166	$	(3,551,103)	$	—		(3,147,937)
Corporate expenses								(5,279,214)
Net loss from continuing operations before income taxes							$	(8,427,151)

2020	Cultivation		Eliminations		Total
Revenues	$	2,279,867	$	—	$	2,279,867
Costs and expenses		(1,865,399)		61,526		(1,803,873)
Segment operating income	$	414,468	$	61,526		475,994
Corporate expenses						(7,903,679)
Net loss from continuing operations before income taxes					$	(7,427,685)

	December 31,
Total assets	2021		2020
Retail	$	16,831,580	$	—
Cultivation		3,483,269		6,208,222
Corporate		1,709,496		1,567,021
Discontinued operations		—		755,707
Total assets - segments		22,024,345		8,530,950
Intercompany eliminations		—		(12,183)
Total assets - consolidated	$	22,024,345	$	8,518,767