| Summary of financial information |
| |
|
Year Ended December 31, 2014 |
|
| |
|
Hydroponic |
|
|
Cannabis |
|
|
Eliminations |
|
|
|
|
| |
|
Produce |
|
|
Products |
|
|
and Other |
|
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Revenues |
|
$ |
6,627,109 |
|
|
$ |
- |
|
|
$ |
467,161 |
|
|
$ |
7,094,270 |
|
| Cost of Goods Sold |
|
|
6,667,967 |
|
|
|
- |
|
|
|
273,311 |
|
|
|
6,941,278 |
|
| |
|
|
(40,858 |
) |
|
|
- |
|
|
|
193,850 |
|
|
|
152,992 |
|
| Selling, general and administrative expenses |
|
|
1,506,684 |
|
|
|
1,115,577 |
|
|
|
15,705,530 |
|
|
|
18,327,791 |
|
| Loss from operations |
|
|
(1,547,542 |
) |
|
|
(1,115,577 |
) |
|
|
(19,506,200 |
) |
|
|
(18,174,799 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other Income (Expenses) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loss from derivatives issued with debt greater than debt carrying value |
|
|
- |
|
|
|
- |
|
|
|
(4,808,000 |
) |
|
|
(4,808,000 |
) |
| Gain (Loss) on fair market valuation of derivatives |
|
|
- |
|
|
|
- |
|
|
|
1,912,037 |
|
|
|
1,912,037 |
|
| Interest Income (Expense) |
|
|
2,232 |
|
|
|
- |
|
|
|
(1,098,557 |
) |
|
|
(1,096,325 |
) |
| Total Other Income (Expense) |
|
|
2,232 |
|
|
|
- |
|
|
|
(3,994,520 |
) |
|
|
(3,992,288 |
) |
| Loss before Provision of Income Taxes |
|
$ |
(1,545,310 |
) |
|
$ |
(1,115,577 |
) |
|
$ |
(19,506,200 |
) |
|
$ |
(22,167,087 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total assets at December 31, 2014 |
|
$ |
5,956,861 |
|
|
$ |
858,180 |
|
|
$ |
904,185 |
|
|
$ |
7,719,226 |
|
| |
|
Year Ended December 31, 2013 |
|
| |
|
Hydroponic |
|
|
Cannabis |
|
|
Eliminations |
|
|
|
|
| |
|
Produce |
|
|
Products |
|
|
and Other |
|
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Revenues |
|
$ |
1,936,054 |
|
|
$ |
- |
|
|
$ |
189,797 |
|
|
$ |
2,125,851 |
|
| Cost of Goods Sold |
|
|
1,955,203 |
|
|
|
- |
|
|
|
81,730 |
|
|
|
2,036,933 |
|
| |
|
|
(19,149 |
) |
|
|
- |
|
|
|
108,067 |
|
|
|
88,918 |
|
| Selling, general and administrative expenses |
|
|
201,953 |
|
|
|
- |
|
|
|
3,373,944 |
|
|
|
3,575,897 |
|
| Loss from operations |
|
|
(221,102 |
) |
|
|
- |
|
|
|
(3,265,877 |
) |
|
|
(3,486,979 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other Income (Expenses) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loss from derivatives issued with debt greater than debt carrying value |
|
|
- |
|
|
|
- |
|
|
|
(2,054,000 |
) |
|
|
(2,054,000 |
) |
| Gain (Loss) on fair market valuation of derivatives |
|
|
- |
|
|
|
- |
|
|
|
673,000 |
|
|
|
673,000 |
|
| Interest Income (Expense) |
|
|
(651 |
) |
|
|
- |
|
|
|
(1,278,070 |
) |
|
|
(1,278,721 |
) |
| Total Other Income (Expense) |
|
|
(651 |
) |
|
|
- |
|
|
|
(2,659,070 |
) |
|
|
(2,659,721 |
) |
| Loss before Provision of Income Taxes |
|
$ |
(221,753 |
) |
|
$ |
- |
|
|
$ |
(5,924,947 |
) |
|
$ |
(6,146,700 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total assets at December 31, 2013 |
|
$ |
3,250,788 |
|
|
$ |
- |
|
|
$ |
789,797 |
|
|
$ |
4,040,585 |
|
|