Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION (Tables)

v3.20.1
SEGMENT INFORMATION (Tables)
3 Months Ended
Mar. 31, 2020
DESCRIPTION OF BUSINESS  
Schedule of summarized financial information

 

For the Three Months Ended March 31, 2020
(Unaudited)
(in thousands)

 

Cannabis

 

Other / Corporate

 

Total

 

Total Revenues

 

$

3,746

 

$

567

 

$

4,313

 

Cost of Goods Sold

 

1,422

 

553

 

1,975

 

Gross Profit

 

2,324

 

14

 

2,338

 

Selling, General and Administrative Expenses

 

3,878

 

5,159

 

9,037

 

Impairment of Assets

 

5,120

 

-

 

5,120

 

(Gain) / Loss on Sale of Assets

 

(35

)

 

-

 

(35

)

(Gain) / Loss on Interest in Joint Venture

 

-

 

-

 

-

 

Loss from operations

 

(6,639

)

 

(5,145

)

 

(11,784

)

 

Other Income (Expense):

 

Interest Income (Expense)

 

(245

)

 

(657

)

 

(902

)

Other Income / (Loss)

 

38

 

27

 

65

 

Total Other Income (Expense)

 

(207

)

 

(630

)

 

(837

)

 

Income (loss) from subsidiaries

 

-

 

-

 

-

 

Net Income (Loss) from continuing operations

 

$

(6,846

)

 

$

(5,775

)

 

$

(12,621

)

 

Total assets at March 31, 2020

 

$

49,915

 

$

65,071

 

$

114,986

 

 

For the Three Months Ended March 31, 2019
(Unaudited)
(in thousands)

 

Cannabis

 

Other / Corporate

 

Total

 

Total Revenues

 

$

2,045

 

$

-

 

$

2,045

 

Cost of Goods Sold

 

445

 

-

 

445

 

Gross Profit

 

1,600

 

-

 

1,600

 

Selling, General and Administrative Expenses

 

3,052

 

5,539

 

8,591

 

Impairment of Assets

 

-

 

-

 

-

 

(Gain) / Loss on Sale of Assets

 

-

 

-

 

-

 

(Gain) / Loss on Interest in Joint Venture

 

1,067

 

-

 

1,067

 

Loss from operations

 

(2,519

)

 

(5,539

)

 

(8,058

)

 

Other Income (Expense):

 

Interest Income (Expense)

 

(227

)

 

(2,701

)

 

(2,928

)

Other Income / (Loss)

 

-

 

11

 

11

 

Total Other Income (Expense)

 

(227

)

 

(2,690

)

 

(2,917

)

 

Income (loss) from subsidiaries

 

-

 

-

 

-

 

Net Income (Loss) from continuing operations

 

$

(2,746

)

 

$

(8,229

)

 

$

(10,975

)

 

Total assets at March 31, 2019

 

$

41,862

 

$

77,388

 

$

119,250