SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2023

SEGMENT INFORMATION

SEGMENT INFORMATION

NOTE 13.  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 our internal organization and disclosure of revenue and certain expenses based upon internal accounting methods. Our 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.

Three months ended June 30,

2023	Retail		Cultivation		Eliminations		Total
Revenues	$	5,079,564	$	944,830	$	(926,400)	$	5,097,994
Costs and expenses		(5,347,268)		(1,046,274)		926,400		(5,467,142)
Segment operating loss	$	(267,704)	$	(101,444)	$	—		(369,148)
Corporate expenses								(1,667,007)
Net loss from continuing operations before income taxes							$	(2,036,155)

2022	Retail		Cultivation		Eliminations		Total
Revenues	$	3,158,335	$	349,338	$	(271,946)	$	3,235,727
Costs and expenses		(2,162,644)		(414,732)		271,946		(2,305,430)
Segment operating income (loss)	$	995,691	$	(65,394)	$	—		930,297
Corporate expenses								(1,113,245)
Net loss from continuing operations before income taxes							$	(182,948)

Six months ended June 30,

2023	Retail		Cultivation		Eliminations		Total
Total revenues	$	10,190,183	$	1,628,847	$	(1,610,417)	$	10,208,613
Costs and expenses		(9,882,836)		(2,185,847)		1,610,417		(10,458,266)
Segment operating income (loss)	$	307,347	$	(557,000)	$	—		(249,653)
Corporate expenses								(3,587,300)
Net loss from continuing operations before income taxes							$	(3,836,953)

2022	Retail		Cultivation		Eliminations		Total
Total revenues	$	6,455,881	$	867,616		(514,462)	$	6,809,035
Costs and expenses		(4,755,913)		(1,122,281)		514,462		(5,363,732)
Segment operating income (loss)	$	1,699,968	$	(254,665)	$	—		1,445,303
Corporate expenses								(2,494,590)
Net loss from continuing operations before income taxes							$	(1,049,287)

	June 30,		December 31,
Total assets	2023		2022
Retail	$	25,047,473	$	25,212,245
Cultivation		4,475,373		4,628,452
Corporate		673,465		1,985,455
Total assets - segments		30,196,311		31,826,152
Intercompany eliminations		(828,098)		(131,439)
Total assets - consolidated	$	29,368,213	$	31,694,713