Segment Information

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Segment Information

Note 18 – Segment Information

The Company is an operating, acquisition, and investment business. Subsidiaries in which the Company has a controlling financial interest are consolidated. The Company generally has two reportable segments: 1) the cannabis and medical marijuana segment, which includes the cost basis of membership interests of Electrum, the contractual interest in the Electrum legal recovery, and the operation of subsidiaries in the cannabis and medical marijuana sector; and 2) the Company’s long standing investment in WCI which works with business park owners, governmental centers, and apartment complexes to reduce their facility-related operating costs. The Company also had small investments in securities listed on the NASDAQ, an investment in note receivable from a non-affiliated party, the fair value of convertible notes receivable and accrued interest from NeuCourt, and the investment in NeuCourt that is included in the Corporate, Other, and Eliminations section below. The NeuCourt investments were previously reported as an investment that would be useful in the cannabis space; however, NeuCourt has determined that its legal services would likely be more useful to users outside of the cannabis space. Prior period segment information presented below contains reclassification of NeuCourt investments from the cannabis and medical marijuana segment to the Corporate, other, and eliminations segment.

	Cannabis and Medical Marijuana Segment		Facility Operations Related			Corporate and Eliminations			Consolidated
Three months ended March 31, 2022
Net revenue	$	9,017	$	1,839,881		$	-		$	1,848,898
Operating income (loss)		5,491		187,150			(161,265	)		31,376
Interest income		-		-			14,353			14,353
Interest expense		-		10,386			7,821			18,207
Property additions		-		27,902			-			27,902
Depreciation and amortization		-		15,368			522			15,890
Total assets		879,789		2,411,343			1,545,786			4,836,918
Three months ended March 31, 2021
Net revenue	$	10,871	$	1,309,753		$	-		$	1,320,624
Operating income (loss)		6,125		(3,946	)		(166,922	)		(164,743	)
Interest income		-		-			16,489			16,489
Interest expense		-		8,498			3,572			12,070
Property additions		-		6,595			1,264			7,859
Depreciation and amortization		-		7,960			1,461			9,421
Total assets		1,005,990		2,124,769			1,644,546			4,775,305

The following table reconciles operating segments and corporate-unallocated operating income (loss) to consolidated income before income taxes, as presented in the unaudited condensed consolidated income statements:

	Three Months Ended March 31,
	2022			2021
Operating income (loss)	$	31,376		$	(164,743	)
Gain (loss) on investment in securities		(42,680	)		4,849
Paycheck Protection Program Loan forgiveness		-			10,000
Interest income		14,353			16,489
Interest expense		(18,207	)		(12,070	)
Gain (loss) on ROU asset disposal		26,168			(643	)
Other Income (expense)		1,500			(1,053	)
Income before income taxes	$	12,510		$	(147,171	)