SEGMENT INFORMATION

9 Months Ended

Sep. 30, 2023

SEGMENT INFORMATION

SEGMENT INFORMATION

NOTE 15.  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 September 30,

2023	Retail		Cultivation		Eliminations		Total
Revenues	$	4,038,019	$	415,963	$	(342,399)	$	4,111,583
Costs and expenses		(3,403,102)		(1,272,117)		342,399		(4,332,820)
Segment operating loss	$	634,917	$	(856,154)	$	—		(221,237)
Corporate expenses								(1,490,565)
ERC Credits								896,679
Net loss from continuing operations before income taxes							$	(815,123)

2022	Retail		Cultivation		Eliminations		Total
Revenues	$	3,080,778	$	448,623	$	(352,224)	$	3,177,177
Costs and expenses		(2,413,190)		(849,269)		352,224		(2,910,235)
Segment operating income (loss)	$	667,588	$	(400,646)	$	—		266,942
Corporate expenses								(2,971,621)
Net loss from continuing operations before income taxes							$	(2,704,679)

Nine months ended September 30,

2023	Retail		Cultivation		Eliminations		Total
Total revenues	$	14,228,202	$	2,044,810	$	(1,952,816)	$	14,320,196
Costs and expenses		(13,285,938)		(3,457,964)		1,952,816		(14,791,086)
Segment operating income (loss)	$	942,264	$	(1,413,154)	$	—		(470,890)
Corporate expenses								(5,163,601)
ERC Credits								896,679
Net loss from continuing operations before income taxes							$	(4,737,812)

2022	Retail		Cultivation		Eliminations		Total
Total revenues	$	9,536,657	$	1,316,241		(866,686)	$	9,986,212
Costs and expenses		(7,169,103)		(1,971,550)		866,686		(8,273,967)
Segment operating income (loss)	$	2,367,554	$	(655,309)	$	—		1,712,245
Corporate expenses								(5,466,211)
Net loss from continuing operations before income taxes							$	(3,753,966)

	September 30,		December 31,
Total assets	2023		2022
Retail	$	23,904,244	$	25,212,245
Cultivation		3,058,175		4,628,452
Corporate		539,215		1,985,455
Total assets - segments		27,501,634		31,826,152
Intercompany eliminations		—		(131,439)
Total assets - consolidated	$	27,501,634	$	31,694,713