Annual report pursuant to Section 13 and 15(d)

SEGMENT INFORMATION (Tables)

v3.8.0.1
SEGMENT INFORMATION (Tables)
12 Months Ended
Dec. 31, 2017
Segment Information Tables  
Summarized financial information
    For the Year Ended December 31, 2017  
    Herbs and Produce Products     Cannabis Dispensary, Cultivation and Production     Eliminations and Other     Total  
                         
Total Revenues   $ 5,701,233     $ 30,031,046     $ 68,565     $ 35,800,844  
Cost of Goods Sold     5,211,658       25,112,113       -       30,323,771  
                                 
Gross Profit     489,575       4,918,933       68,565       5,477,073  
                                 
Selling, General and Administrative Expenses     3,123,037       10,843,210       11,390,844       25,357,091  
                                 
Loss from Operations     (2,633,462 )     (5,924,277 )     (11,322,279 )     (19,880,018 )
                                 
Other Income (Expense):                                
Amortization of Debt Discount     -       -       (2,138,762 )     (2,138,762 )
Impairment of Property     -       -       (138,037 )     (138,037 )
Impairment of Intangibles     (757,467 )     -       -       (757,467 )
(Loss) Gain on Extinguishment of Debt     (18 )     187       (7,144,457 )     (7,144,288 )
Loss on Fair Market Valuation of Derivatives     -       -       (3,494,550 )     (3,494,550 )
Interest (Expense) Income     -       110       (542,774 )     (542,664 )
Gain on Settlement of Contingent Consideration     -       4,991,571       -       4,991,571  
Loss on Fair Market Valuation of Contingent Consideration     -       (4,426,047 )     -       (4,426,047 )
                                 
Total Other Income (Expense)     (757,485 )     565,821       (13,458,580 )     (13,650,244 )
                                 
Loss Before Provision for Income Taxes   $ (3,390,947 )   $ (5,358,456 )   $ (24,780,859 )   $ (33,530,262 )
                                 
Total Assets at December 31, 2017   $ 5,847,286     $ 69,844,546     $ 22,495,967     $ 98,187,799  

  

    For the Year Ended December 31, 2016  
    Herbs and Produce Products     Cannabis Dispensary, Cultivation and Production     Eliminations and Other     Total  
                         
Total Revenues   $ 12,000,423     $ 13,207,327     $ 120,013     $ 25,327,763  
Cost of Goods Sold     11,021,449       11,664,737       68,894       22,755,080  
                                 
Gross Profit     978,974       1,542,590       51,119       2,572,683  
                                 
Selling, General and Administrative Expenses     2,520,061       5,729,884       12,470,589       20,720,534  
                    .          
Loss from Operations     (1,541,087 )     (4,187,294 )     (12,419,470 )     (18,147,851 )
                                 
Other Income (Expense):                                
Amortization of Debt Discount     -       -       (1,414,202 )     (1,414,202 )
Loss on Extinguishment of Debt     -       -       (5,382,813 )     (5,382,813 )
Loss from Derivatives Issued with Debt Greater than Debt Carrying Value     -       -       (1,487,500 )     (1,487,500 )
Loss on Fair Market Valuation of Derivatives     -       -       (1,844,500 )     (1,844,500 )
Interest Expense     -       -       (377,349 )     (377,349 )
Gain on Fair Market Valuation of Contingent Consideration     -       -       668,694       668,694  
                                 
Total Other Income (Expense)     -       -       (9,837,670 )     (9,837,670 )
                                 
Loss Before Provision for Income Taxes   $ (1,541,087 )   $ (4,187,294 )   $ (22,257,140 )   $ (27,985,521 )
                                 
Total Assets at December 31, 2016   $ 7,064,697     $ 12,516,441     $ 56,597,592     $ 76,178,730  

 

    For the Year Ended December 31, 2015  
    Herbs and Produce Products      Cannabis Dispensary, Cultivation and Production      Eliminations and Other      Total   
                         
Total Revenues   $ 8,633,538     $ 1,207,424     $ 134,384     $ 9,975,346  
Cost of Goods Sold     7,771,039       1,078,852       108,584       8,958,475  
                                 
Gross Profit     862,499       128,572       25,800       1,016,871  
                                 
Selling, General and Administrative Expenses     1,910,375       763,728       7,159,543       9,833,646  
                    .          
Loss from Operations     (1,047,876 )     (635,156 )     (7,133,743 )     (8,816,775 )
                                 
Other Income (Expense):                                
Amortization of Debt Discount     -       -       (696,180 )     (696,180 )
Loss on Extinguishment of Debt     -       -       (619,444 )     (619,444 )
Loss from Derivatives Issued with Debt Greater than Debt Carrying Value     -       -       (561,000 )     (561,000 )
Gain on Fair Market Valuation of Derivatives     -       -       1,800,100       1,800,100  
Interest Expense     -       -       (469,576 )     (469,576 )
                                 
Total Other Income (Expense)     -       -       (546,100 )     (546,100 )
                                 
Loss Before Provision for Income Taxes   $ (1,047,876 )   $ (635,156 )   $ (7,679,843 )   $ (9,362,875 )
                                 
Total Assets at December 31, 2015   $ 5,383,659     $ 1,671,966     $ 2,109,414     $ 9,165,039