SEGMENT REPORTING AND GEOGRAPHIC INFORMATION

3 Months Ended

Jan. 31, 2023

SEGMENT REPORTING AND GEOGRAPHIC INFORMATION

SEGMENT REPORTING AND GEOGRAPHIC INFORMATION

 NOTE 13 – SEGMENT REPORTING AND GEOGRAPHIC INFORMATION

We operate our business in two operating segments: the B2B for charges for usage of the Company’s software, and royalties charged on the use of third-party gaming content, and the B2C segment which is related to the charges to enter prize competitions in the UK and online gaming site in Mexico (Latin America).

All operating segments have been aggregated due to their inter-dependencies, commonality of long-term economic characteristics, products and services, the production processes, class of customer, and distribution processes.

For geographical revenue reporting, revenues are attributed to the geographic location in which the distributors are located. Long-lived assets consist of property, plant and equipment, net, intangible assets, operating lease right-of-use assets, and goodwill, and are attributed to the geographic region in which they are located.

The following is a summary of revenues by geographic region, for the indicated periods (as a percentage of total revenues):

	For the Three Months Ended
Description	January 31, 2023				January 31, 2022
Revenues:
Asia Pacific	$	4,224,457	39	%	$	3,380,830	38	%
UK		6,553,222	61	%		5,496,275	62	%
Total	$	10,777,679	100	%	$	8,877,105	100	%

The following is a summary of revenues by products for the indicated periods (as a percentage of total revenues):

	For the Three Months Ended
Description	January 31, 2023				January 31, 2022
Revenues:
B2B	$	4,224,457	39	%	$	3,380,830	38	%
B2C		6,553,222	61	%		5,496,275	62
Total	$	10,777,679	100	%	$	8,877,105	100	%

The following is a summary of cost of goods sold (COGS) by geographic region, for the indicated periods (as a percentage of total cost of goods sold):

	For the Three Months Ended
Description	January 31, 2023				January 31, 2022
COGS:
Asia Pacific	$	3,201,410	38	%	$	2,546,024	37	%
UK		5,133,235	62	%		4,306,978	63	%
Total	$	8,334,645	100	%	$	6,853,002	100	%

The following is a summary of cost of goods sold by products for the indicated periods (as a percentage of total cost of goods sold):

	For the Three Months Ended
Description	January 31, 2023				January 31, 2022
COGS:
B2B	$	3,201,410	38	%	$	2,546,024	37	%
B2C		5,133,235	62	%		4,306,978	63	%
Total	$	8,334,645	100	%	$	6,853,002	100	%

Long-lived assets by geographic region as of the dates indicated below were as follows: 

	As of		As of
Description	January 31, 2023		October 31, 2022
Long-lived assets:
Asia Pacific	$	261,502	$	222,690
UK		12,683,191		12,837,095
Latin America		224,173		222,678
Total	$	13,168,866	$	13,282,463