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SEGMENT INFORMATION AND DISAGGREGATION OF REVENUES
6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
SEGMENT INFORMATION AND DISAGGREGATION OF REVENUES

Note 5. SEGMENT INFORMATION AND DISAGGREGATION OF REVENUES

 

In accordance with FASB ASC 280, “Disclosures about Segment of an enterprise and related information”, the Company determined it has two reportable segments: grocery and vapor. There are no inter-segment revenues.

 

The Company’s general and administrative costs are not segment specific. As a result, all operating expenses are not managed on segment basis.

 

 

The Company reports the following segments in accordance with management guidance: Vapor and Grocery. When the Company prepares its internal management reporting to evaluate business performance, we disaggregate revenue into the following categories that depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors.

 

                     
   Three Months Ended June 30,   Six Months Ended June 30, 
   2024   2023   2024   2023 
Vapor  $174   $-   $293   $38 
Grocery   15,594,575    13,574,896    31,488,933    27,134,602 
Total revenue  $15,594,749   $13,574,896   $31,489,226   $27,134,640 
                     
Retail Grocery  $13,423,417   $12,017,526   $26,902,339   $24,067,596 
Food service/restaurant   2,170,903    1,555,372    4,585,897    3,062,948 
Online/eCommerce   429    1,998    990    4,096 
Total revenue  $15,594,749   $13,574,896   $31,489,226   $27,134,640 
                     
Loss from operations-Vapor  $(5,061)  $(10,724)  $(10,923)  $(17,397)
(Loss) income from operations-Grocery   129,315    (185,923)   222,776    (462,763)
Corporate items   (2,572,192)   (2,983,013)   (5,464,444)   (4,682,546)
Total loss from operations  $(2,447,938)  $(3,179,660)  $(5,252,591)  $(5,162,706)