SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2022

SEGMENT INFORMATION

SEGMENT INFORMATION

NOTE 12.  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. The following information is presented net of discontinued operations.

Three months ended June 30,

2022	Retail		Cultivation		Eliminations		Total
Revenues	$	3,158,335	$	349,338	$	(271,946)	$	3,235,727
Costs and expenses		(2,162,644)		(414,732)		271,946		(2,305,430)
Segment operating income	$	995,691	$	(65,394)	$	—		930,297
Corporate expenses								(1,113,245)
Net loss from continuing operations before income taxes							$	(182,948)

2021	Cultivation		Eliminations		Total
Revenues	$	698,608	$	—	$	698,608
Costs and expenses		(677,715)		6,094		(671,621)
Segment operating income	$	20,893	$	6,094		26,987
Corporate expenses						(1,080,163)
Net loss from continuing operations before income taxes					$	(1,053,176)

Six months ended June 30,

2022	Retail		Cultivation		Eliminations		Total
Total revenues	$	6,455,879	$	867,618	$	(514,462)	$	6,809,035
Costs and expenses		(4,755,913)		(1,122,281)		514,462		(5,363,732)
Operating (loss) income	$	1,699,966	$	(254,663)	$	—		1,445,303
Corporate expenses								(2,494,590)
Net loss from continuing operations before income taxes							$	(1,049,287)

2021	Cultivation		Eliminations		Total
Total revenues	$	1,347,941		—	$	1,347,941
Costs and expenses		(1,475,423)		16,870		(1,458,553)
Operating income	$	(127,482)	$	16,870		(110,612)
Corporate expenses						(3,288,180)
Net loss from continuing operations before income taxes					$	(3,398,792)

	June 30,		December 31,
Total assets	2022		2021
Retail	$	19,109,330	$	16,831,580
Cultivation		3,700,433		3,634,406
Corporate		216,013		1,709,496
Total assets - segments		23,025,776		22,175,482
Intercompany eliminations		(35,703)		(151,137)
Total assets - consolidated	$	22,990,073	$	22,024,345