| Summarized financial information |
Summarized financial information concerning
our reportable segments is shown in the following tables. Total asset amounts at March 31, 2015 and 2014 exclude intercompany receivable
balances eliminated in consolidation.
| |
|
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 |
|
|
|
246,545 |
|
|
|
- |
|
|
|
534,638 |
|
| |
|
|
170,680 |
|
|
|
57,480 |
|
|
|
555 |
|
|
|
228,715 |
|
| Selling, general and administrative expenses |
|
|
470,065 |
|
|
|
226,289 |
|
|
|
1,634,931 |
|
|
|
2,331,285 |
|
| Loss from operations |
|
|
(299,385 |
) |
|
|
(168,809 |
) |
|
|
(1,634,376 |
) |
|
|
(2,102,570 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 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 |
|
$ |
(299,385 |
) |
|
$ |
(168,809 |
) |
|
$ |
(1,679,831 |
) |
|
$ |
(2,148,025 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total assets at March 31, 2015 |
|
$ |
6,009,693 |
|
|
$ |
794,180 |
|
|
$ |
426,508 |
|
|
$ |
7,230,381 |
|
| |
|
3 Months Ended March 31, 2014 |
|
| |
|
Hydroponic |
|
|
Cannabis |
|
|
Eliminations |
|
|
|
|
| |
|
Produce |
|
|
Products |
|
|
and Other |
|
|
Total |
|
| Total Revenues |
|
$ |
457,823 |
|
|
$ |
- |
|
|
$ |
102,496 |
|
|
$ |
560,319 |
|
| Cost of Goods Sold |
|
|
476,139 |
|
|
|
- |
|
|
|
82,090 |
|
|
|
558,229 |
|
| |
|
|
(18,316 |
) |
|
|
- |
|
|
|
20,406 |
|
|
|
2,090 |
|
| Selling, general and administrative expenses |
|
|
266,244 |
|
|
|
- |
|
|
|
1,937,561 |
|
|
|
2,203,805 |
|
| Loss from operations |
|
|
(284,560 |
) |
|
|
- |
|
|
|
(1,917,155 |
) |
|
|
(2,201,715 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other Income (Expenses) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loss from derivatives issued with debt greater than debt carrying value |
|
|
- |
|
|
|
- |
|
|
|
(1,214,000 |
) |
|
|
(1,214,000 |
) |
| Gain (Loss) on fair market valuation of derivatives |
|
|
- |
|
|
|
- |
|
|
|
(1,284,825 |
) |
|
|
(1,284,825 |
) |
| Interest Income (Expense) |
|
|
1,737 |
|
|
|
- |
|
|
|
(217,687 |
) |
|
|
(215,950 |
) |
| Total Other Income (Expense) |
|
|
1,737 |
|
|
|
- |
|
|
|
(2,716,512 |
) |
|
|
(2,714,775 |
) |
| Loss before Provision of Income Taxes |
|
$ |
(282,823 |
) |
|
$ |
- |
|
|
$ |
(4,633,667 |
) |
|
$ |
(4,916,490 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total assets at March 31, 2014 |
|
$ |
4,595,821 |
|
|
$ |
- |
|
|
$ |
3,818,060 |
|
|
$ |
8,413,881 |
|
|