Note 21 - Segment Information

9 Months Ended

Sep. 30, 2021

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

NOTE 21 – SEGMENT INFORMATION

As described in Note 2, the Company closed on the acquisition of CCM on July 9, 2021. With the acquisition of CCM, the Company has two reportable business segments, Growth and Digital. The Growth segment encompasses the activities of CEN Biotech, Inc. and focuses on the planned manufacturing, production and development of LED lighting technology and hemp-based products. The Digital segment encompasses the activities of Clear Com Media, Inc. and focuses on providing digital marketing and web design related services. Substantially all of the Company’s operations are conducted within the United States of America and Canada.

Segment information:

	Three-months Ended September 30,
	2021						2020
	Growth			Digital			Growth			Digital
Revenue	$	-		$	272,166		$	-		$	-
Operating loss		(570,311	)		(74,665	)		(968,424	)		-
Depreciation expense		-			10,968			1,532			-
Amortization expense		106,203			24,350			106,203			-
Interest income		-			87			1,553			-
Interest expense		173,412			-			921,017			-
Capital expenditures		-			18,988			-			-

	Nine-months Ended September 30,
	2021						2020
	Growth			Digital			Growth			Digital
Revenue	$	-		$	272,166		$	-		$	-
Operating loss		(17,178,728	)		(74,665	)		(2,189,621	)		-
Depreciation expense		-			10,968			10,724			-
Amortization expense		318,609			24,350			318,609			-
Interest income		394			87			5,465			-
Interest expense		703,665			-			2,727,672			-
Capital expenditures		-			18,988			-			-

Segment assets to total assets:

	September 30, 2021		December 31, 2020
Growth	$	5,989,211	$	6,314,142
Digital		2,412,754		-
Total assets	$	8,401,965	$	6,314,142