Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION (Tables)

v3.4.0.3
SEGMENT INFORMATION (Tables)
3 Months Ended
Mar. 31, 2016
Segment Information Tables  
Summarized financial information

Summarized financial information concerning the Company's reportable segments is shown in the following tables. Total asset amounts at March 31, 2016 and 2015 exclude intercompany receivable balances eliminated in consolidation.

 

    3 Months Ended March 31, 2016  
    Hydroponic     Cannabis     Eliminations        
    Produce     Products     and Other     Total  
Total Revenues   $ 1,401,443     $ 130,203     $ 16,521     $ 1,548,167  
Cost of Goods Sold     1,200,932       213,261       -       1,414,193  
      200,511       (83,058 )     16,521       133,974  
Selling, general and administrative expenses     518,652       202,136       1,325,560       2,046,348  
Loss from operations     (318,141 )     (285,194 )     (1,309,039 )     (1,912,374 )
                                 
Other Income (Expenses)                                
Amortization of debt discount     -       -       (94,406 )     (94,406 )
Loss on extinguishment of debt     -       -       (920,797 )     (920,797 )
Gain (Loss) on fair market valuation of derivatives     -       -       (1,160,700 )     (1,160,700 )
Interest Income (Expense)     -       -       (55,995 )     (55,995 )
Total Other Income (Expense)     -       -       (2,231,898 )     (2,231,898 )
Loss before Provision of Income Taxes   $ (318,141 )   $ (285,194 )   $ (3,540,937 )   $ (4,144,272 )
                                 
Total assets at March 31, 2016   $ 6,667,866     $ 2,734,868     $ 2,750,386     $ 12,153,120  

  

    3 Months Ended March 31, 2015  
    Hydroponic     Cannabis     Eliminations        
    Produce     Products     and Other     Total  
Total Revenues   $ 458,773     $ 304,025     $ 555     $ 763,353  
Cost of Goods Sold     288,093       257,319       -       545,412  
      170,680       46,706       555       217,941  
Selling, general and administrative expenses     472,065       215,515       1,634,931       2,322,511  
Loss from operations     (301,385 )     (168,809 )     (1,634,376 )     (2,104,570 )
                                 
Other Income (Expenses)                                
Amortization of debt discount     -       -       (41,126 )     (41,126 )
Loss from derivatives issued with debt greater than debt carrying value     -       -       (224,000 )     (224,000 )
Gain (Loss) on fair market valuation of derivatives     -       -       408,200       408,200  
Interest Income (Expense)     -       -       (188,529 )     (188,529 )
Total Other Income (Expense)     -       -       (45,455 )     (45,455 )
Loss before Provision of Income Taxes   $ (301,385 )   $ (168,809 )   $ (1,679,831 )   $ (2,150,025 )
                                 
Total assets at March 31, 2015   $ 6,009,693     $ 794,180     $ 426,508     $ 7,230,381