SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2021

SEGMENT INFORMATION

SEGMENT INFORMATION

NOTE 12.  SEGMENT INFORMATION

Our operations are organized into one segment: 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 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.

Three months ended June 30

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)

2020	Cultivation		Total
Revenues	$	509,175	$	509,175
Costs and expenses		(456,661)		(456,661)
Segment operating income	$	52,514		52,514
Corporate expenses				(1,835,250)
Net loss from continuing operations before income taxes			$	(1,782,736)

Six months ended June 30

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

2020	Cultivation		Total
Total revenues	$	509,175	$	509,175
Costs and expenses		(456,661)		(456,661)
Operating income	$	52,514		52,514
Corporate expenses				(3,727,543)
Net loss from continuing operations before income taxes			$	(3,675,029)

	June 30,		December 31,
Total assets	2021		2020
Cultivation	$	6,720,738	$	6,208,222
Corporate		2,422,760		1,567,021
Discontinued operations		319,878		755,707
Total assets - segments		9,463,376		8,530,950
Intercompany eliminations		(36,850)		(12,183)
Total assets - consolidated	$	9,426,526	$	8,518,767