| Schedule of Segment Reporting |
The Companys operations during
the fiscal year ended December 31, 2014 are comprised solely of Lifestyle. Summarized financial information about each segment
is provided below:
| |
|
Corporate |
|
|
Lifestyle |
|
|
Agriculture |
|
|
Total |
|
| Year Ended December 31, 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Assets |
|
$ |
5,025,157 |
|
|
$ |
210,841 |
|
|
$ |
5,635,372 |
|
|
$ |
10,871,370 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
|
|
|
$ |
402,818 |
|
|
$ |
9,466,988 |
|
|
$ |
9,869,806 |
|
| Costs of sales |
|
|
|
|
|
|
325,191 |
|
|
|
3,177,314 |
|
|
|
3,502,505 |
|
| Depreciation/amortization expense |
|
|
386,823 |
|
|
|
|
|
|
|
3,202 |
|
|
|
390,025 |
|
| Operating expenses - other |
|
|
2,488,255 |
|
|
|
310,458 |
|
|
|
4,860,574 |
|
|
|
7,659,287 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Gain on extinguishment of debt |
|
|
13,309,542 |
|
|
|
|
|
|
|
8,505,635 |
|
|
|
21,815,177 |
|
| Interest expense |
|
|
(5,831,899 |
) |
|
|
(10,158 |
) |
|
|
|
|
|
|
(5,842,057 |
) |
| Change in fair value of derivatives |
|
|
3,916,310 |
|
|
|
|
|
|
|
|
|
|
|
3,916,310 |
|
| Equity loss from investee |
|
|
|
|
|
|
|
|
|
|
(643,320 |
) |
|
|
(643,320 |
) |
| Other expense |
|
|
(1,031,095 |
) |
|
|
|
|
|
|
|
|
|
|
(1,031,095 |
) |
| Income (loss) before taxes |
|
|
7,487,780 |
|
|
|
(242,989 |
) |
|
|
9,288,213 |
|
|
|
16,533,004 |
|
| Taxes |
|
|
(146,477 |
) |
|
|
|
|
|
|
|
|
|
|
(146,477 |
) |
| Net income (loss) |
|
$ |
7,341,303 |
|
|
$ |
(242,989 |
) |
|
$ |
9,288,213 |
|
|
$ |
16,386,527 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Preferred stock dividends |
|
|
(244,504 |
) |
|
|
|
|
|
|
|
|
|
|
(244,504 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Year Ended December 31, 2014 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Assets |
|
$ |
660,681 |
|
|
$ |
238,448 |
|
|
$ |
|
|
|
$ |
899,129 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
79,754 |
|
|
$ |
314,757 |
|
|
$ |
|
|
|
$ |
394,511 |
|
| Costs of sales |
|
|
31,375 |
|
|
|
177,954 |
|
|
|
|
|
|
|
209,329 |
|
| Depreciation/amortization expense |
|
|
209,085 |
|
|
|
|
|
|
|
|
|
|
|
209,085 |
|
| Operating expenses - other |
|
|
980,420 |
|
|
|
183,037 |
|
|
|
|
|
|
|
1,163,457 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Change in fair value of derivatives |
|
|
(2,044,298 |
) |
|
|
|
|
|
|
|
|
|
|
(2,044,298 |
) |
| Interest expense |
|
|
(791,681 |
) |
|
|
|
|
|
|
|
|
|
|
(791,681 |
) |
| Gain (loss) on extinguishment of debt |
|
|
(42,778 |
) |
|
|
|
|
|
|
|
|
|
|
(42,778 |
) |
| Other income (expense) |
|
|
24,476 |
|
|
|
|
|
|
|
|
|
|
|
24,476 |
|
| Income (loss) before taxes |
|
|
(3,995,407 |
) |
|
|
(46,234 |
) |
|
|
|
|
|
|
(4,041,641 |
) |
| Taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss |
|
$ |
(3,995,407 |
) |
|
$ |
(46,234 |
) |
|
$ |
|
|
|
$ |
(4,041,641 |
) |
|