SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2022

SEGMENT INFORMATION

SEGMENT INFORMATION

NOTE 20. SEGMENT INFORMATION

Our operations are organized into two segments: Retail and Cultivation. All revenue originates in, 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. For more information see Note 3.

Year ended December 31

2022	Retail		Cultivation		Eliminations		Total
Revenues	$	12,934,904	$	1,783,309	$	(1,273,671)	$	13,444,542
Costs and expenses		(13,117,039)		(3,346,975)		1,273,671		(15,190,343)
Segment operating income	$	(182,135)	$	(1,563,666)	$	—		(1,745,801)
Corporate expenses								(7,529,827)
Net loss from continuing operations before income taxes							$	(9,275,628)

2021	Retail		Cultivation		Eliminations		Total
Revenues	$	3,515,761	$	2,722,059	$	(325,093)	$	5,912,727
Costs and expenses		(3,112,595)		(6,273,162)		325,093		(9,060,664)
Segment operating income	$	403,166	$	(3,551,103)	$	—		(3,147,937)
Corporate expenses								(5,279,214)
Net loss from continuing operations before income taxes							$	(8,427,151)

	December 31,		December 31,
Total assets	2022		2021
Retail	$	25,212,245	$	16,831,580
Cultivation		4,628,452		3,634,406
Corporate		1,985,455		1,709,496
Total assets - segments		31,826,152		22,175,482
Intercompany eliminations		(131,439)		(151,137)
Total assets - consolidated	$	31,694,713	$	22,024,345