SEGMENT INFORMATION

9 Months Ended

Sep. 30, 2021

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 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 September 30

2021	Retail		Cultivation		Eliminations		Total
Revenues	$	855,841	$	835,719	$	(25,918)	$	1,665,642
Costs and expenses		(891,126)		(865,490)		9,048		(1,747,568)
Segment operating income	$	(35,285)	$	(29,771)	$	(16,870)		(81,926)
Corporate expenses								(1,205,064)
Net loss from continuing operations before income taxes							$	(1,286,990)

2020	Cultivation		Total
Revenues	$	798,352	$	798,352
Costs and expenses		(609,381)		(609,381)
Segment operating income	$	188,971		188,971
Corporate expenses				(624,267)
Net loss from continuing operations before income taxes			$	(435,296)

Nine months ended September 30

2021	Retail		Cultivation		Eliminations		Total
Total revenues	$	855,841	$	2,183,660	$	(25,918)	$	3,013,583
Costs and expenses		(891,126)		(2,340,913)		25,918		(3,206,121)
Operating (loss) income	$	(35,285)	$	(157,253)	$	—		(192,538)
Corporate expenses								(4,493,244)
Net loss from continuing operations before income taxes							$	(4,685,782)

2020	Cultivation		Total
Total revenues	$	1,307,527	$	1,307,527
Costs and expenses		(1,025,507)		(1,025,507)
Operating income	$	282,020		282,020
Corporate expenses				(4,392,345)
Net loss from continuing operations before income taxes			$	(4,110,325)

	September 30,		December 31,
Total assets	2021		2020
Retail	$	13,958,309	$	—
Cultivation		6,464,607		6,208,222
Corporate		2,363,655		1,567,021
Discontinued operations		3,821		755,707
Total assets - segments		22,790,392		8,530,950
Intercompany eliminations		—		(12,183)
Total assets - consolidated	$	22,790,392	$	8,518,767