13. SEGMENT REPORTING

6 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

SEGMENT REPORTING

With the acquisition of Gourmet Foods, Ltd., the Company has identified two segments for its products and services; U.S.A. and New Zealand. Our reportable segments are business units located in different global regions. The Company’s operations in North America include the purchase and sale of mobile video recording devices through its wholly owned subsidiary Kahnalytics, Inc. and in New Zealand include the production, packaging and distribution on a commercial scale of gourmet meat pies and related bakery confections through its wholly owned subsidiary Gourmet Foods, Ltd. Separate management of each segment is required because each business unit is subject to different operational issues and strategies due to their particular regional location. The Company accounts for intra-company sales and expenses as if the sales or expenses were to third parties and eliminates them in the consolidation.

The following table presents a summary of identifiable assets as of December 31, 2015 and June 30, 2015:

	As of  December 31, 2015		As of  June 30, 2015
Identifiable assets:
Corporate headquarters	$	379,293	$	2,132,164
U.S.A.		165,755		202,095
New Zealand		1,989,072		-
Consolidated	$	2,534,120	$	2,334,259

The following table presents a summary of operating information for the six months ended December 31, 2015: (note: Asia – Pacific is 5 months of operation since acquisition)

	December 31, 2015
Revenues from unaffiliated customers:
U.S.A. : Mobile video recording devices	$	117,700
New Zealand : Food Industry		1,610,923
Consolidated	$	1,728,623
Net income (loss) after taxes:
Corporate headquarters	$	(117,161	)
U.S.A. : Mobile video recording devices		(1,817	)
New Zealand : Food Industry		28,243
Consolidated	$	(90,734	)

The following table presents a summary of capital expenditures for the six months ended December 31, 2015:

	December 31, 2015
Capital expenditures:
Corporate headquarters	$	863
New Zealand		109,722
Consolidated	$	110,585