Segment Information

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Segment Information

Note 19 – 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 historic cannabis and medical marijuana segment which includes the cost basis of our former membership interests of Electrum, the former contractual interest in the Electrum legal recovery, the settlement payments receivable from G Farma and its co-defendants, the former finance lease payments receivable from Pueblo West to Partner II, the operation of subsidiaries MCIP and Partner I 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. Additionally, the Company formerly had small investments in securities listed on the NYSE and NASDAQ, an investment in note receivable from a non-affiliated party, the fair value of convertible notes receivable and accrued interest from NeuCourt, which on July 15, 2022 was exchanged for a NeuCourt SAFE security investment that will be carried at cost, and the investment in NeuCourt that is included in the Corporate, Other, and Eliminations section below.

	Cannabis and Medical Marijuana Segment			Facility Operations Related		Corporate and Eliminations			Consolidated
Three months ended March 31, 2023
Net revenue	$	-		$	2,175,135	$	-		$	2,175,135
Operating income (loss)		(706	)		244,054		(170,734	)		72,614
Interest income		-			-		6,660			6,660
Interest expense		-			16,163		2,796			18,959
Property additions		-			-		-			-
Depreciation and amortization		-			14,208		238			14,446
Total assets		812			3,623,663		1,607,618			5,232,093
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

Note 19 – Segment Information (continued)

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,
	2023			2022
Operating loss	$	72,614		$	31,376
Gain (loss) on investments		-			(42,680	)
Interest income		6,660			14,353
Interest expense		(18,959	)		(18,207	)
Gain (loss) on ROU asset disposal		-			26,168
Other income		12,118			1,500
Income before income taxes	$	72,433		$	12,510