Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION (Tables)

v3.19.1
SEGMENT INFORMATION (Tables)
3 Months Ended
Mar. 31, 2019
Segment Information  
Summarized financial information

Total asset amounts at March 31, 2019 and 2018 exclude intercompany receivable balances eliminated in consolidation. 

 

   

For the Three Months Ended March 31, 2019

(Unaudited)

(in thousands)

 
    Herbs and Produce Products     Cannabis Dispensary, Cultivation and Production     Real Estate    

Eliminations

and Other

    Total  
                               
Total Revenues   $ 1,304     $ 6,813     $ 207     $ (966 )   $ 7,358  
Cost of Goods Sold     903       3,151       92       (792 )     3,354  
                                         
Gross Profit     401       3,662       114       (174 )     4,004  
                                         
Selling, General and Administrative Expenses     1,081       4,236       592       5,539       11,449  
                                         
Loss from Operations     (680 )     (574 )     (478 )     (5,713 )     (7,445 )
                                         
Other Income (Expense):                                        
Amortization of Debt Discount     -       -       -       -       -  
Loss on Extinguishment of Debt     -       -       -       -       -  
Gain/(Loss) on Fair Market Valuation of Derivatives     -       -       -       -       -  
Interest Income (Expense)     -       (141 )     (278 )     (2,508 )     (2,928 )
Other Income / (Loss)     -       36       -       11       48  
Gain on Interest in Joint Venture     -       -       -       5,599       5,599  
                                         
Total Other Income (Expense)     -       (105 )     (278 )     3,102       2,719  
                                         
Net Loss   $ (680 )   $ (679 )   $ (756 )   $ (2,611 )   $ (4,725 )
                                         
Total Assets at March 31, 2019   $ 5,954     $ 99,344     $ 18,120     $ 16,116     $ 139,534  

    

   

For the Three Months Ended March 31, 2018

(Unaudited)

(in thousands)

 
    Herbs and Produce Products     Cannabis Dispensary, Cultivation and Production     Real Estate     Eliminations and Other     Total  
                               
Total Revenues   $ 1,284     $ 7,315     $ -     $ 17     $ 8,615  
Cost of Goods Sold     1,263       4,231       -       -       5,494  
                                         
Gross Profit     21       3,084       -       17       3,122  
                                         
Selling, General and Administrative Expenses     942       5,478       -       3,476       9,897  
                            .          
Loss from Operations     (922 )     (2,394 )     -       (3,460 )     (6,775 )
                                         
Other Income (Expense):                                        
Amortization of Debt Discount     -       -       -       (468 )     (468 )
Loss on Extinguishment of Debt     -       -       -       (4,731 )     (4,731 )
Gain/(Loss) on Fair Market Valuation of Derivatives     -       -       -       2,281       2,281  
Interest Income (Expense)     -       (0 )     -       (259 )     (260 )
Other Income / (Loss)     -       -       -       -       -  
                                         
Total Other Income (Expense)     -       (0 )     -       (3,178 )     (3,178 )
                                         
Net Loss   $ (922 )   $ (2,394 )   $ -     $ (6,637 )   $ (9,953 )
                                         
Total Assets at March 31, 2018   $ 6,086     $ 72,403     $ -     $ 29,355     $ 107,844