16. Segment Information

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Segment Information

16. Segment Information

The Company has three identifiable segments as of December 31, 2019; (i) products, (ii) licensing and consulting and (iii) corporate, infrastructure and other. The products segment sells merchandise directly to customers via e-commerce portals, through the Company’s proprietary websites and retail location. The licensing and consulting segment sales derives its revenue from licensing and consulting agreements with cannabis related entities. The corporate, infrastructure and other segment represents new resources added in anticipation of various acquisition transactions and other corporate related costs.

The following information represents segment activity for the years ended December 31, 2019 and 2018:

	For the Years Ended December 31,
	2019										2018
	Products		Licensing and Consulting			Corporate, Infrastructure and Other		Total			Products		Licensing and Consulting		Total
Revenues	$	7,820,518	$	4,580,436	$	–		$	12,400,955		$	2,031,603	$	7,410,952	$	9,442,555
Intangible assets amortization	$	5,465	$	443	$	–		$	5,908		$	5,987	$	528	$	6,515
Depreciation	$	7,186	$	48,614	$	–		$	55,800		$	5,848	$	69,598	$	75,446
Net income (loss)	$	794,747	$	1,688,147	$	(19,458,635	)	$	(16,975,742	)	$	878,067	$	70,848	$	948,915
Segment assets	$	12,406,230	$	6,081,485	$	13,740,892		$	32,228,607		$	5,631,127	$	12,590,478	$	18,221,605