13. SEGMENT REPORTING

9 Months Ended

Mar. 31, 2016

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 March 31, 2016 and June 30, 2015:

	As of  March 31, 2016		As of  June 30, 2015
Identifiable assets:
Corporate headquarters	$	788,778	$	2,132,164
U.S.A.		162,700		202,095
New Zealand		2,111,057		-
Consolidated	$	3,062,535	$	2,334,259

The following table presents a summary of operating information for the nine months ended March 31, 2016: (note: Asia – Pacific is 8 months of operation since acquisition)

	March 31, 2016
Revenues from unaffiliated customers:
U.S.A. : Mobile video recording devices	$	117,700
New Zealand : Food Industry		2,588,664
Consolidated	$	2,706,364
Net income (loss) after taxes:
Corporate headquarters	$	(156,641	)
U.S.A. : Mobile video recording devices		(4,872	)
New Zealand : Food Industry		72,071
Consolidated	$	(89,442	)

The following table presents a summary of capital expenditures for the nine months ended March 31, 2016:

Capital expenditures:
Corporate headquarters	863
New Zealand	195,734
Consolidated	196,597