Note 23 - Segment Information

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

NOTE 23 – SEGMENT INFORMATION

As described in Note 5, 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:
 

	Year Ended December 31,
	2021					2020
	Growth			Digital		Growth			Digital
Revenue	$	-		$	626,867	$	-		$	-
Operating (loss) income		(19,042,415	)		4,874		(2,543,730	)		-
Depreciation expense		-			22,164		10,724			-
Amortization expense		424,812			14,731		424,812			-
Interest income		394			110		6,400			-
Interest expense		846,749			-		3,676,858			-
Income tax benefit		-			36,356		-			-
Capital expenditures		-			23,213		-			-

Segment assets to total assets as of December 31:

	2021		2020
Growth	$	5,900,371	$	6,314,142
Digital		2,540,428		-
Total assets	$	8,440,799	$	6,314,142

All goodwill included in the consolidated balance sheets is attributable to the Digital segment.