Segment Information

6 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

SEGMENT INFORMATION

NOTE 12 – SEGMENT INFORMATION

For the three and six months ended March 31, 2022, the Company operated in two reportable business segments - (1) the general support services segment, in which we provide software, technology, customer sales and marketing and risk management technology hardware and software solutions package under a GSA to a related party; and (2) the financial services segment, in which we provide payment services from one fiat currency to another. For the three and six months ended March 31, 2021, the Company operated in one reportable business segment – the general support services segment. The Company’s reportable segments are strategic business units that offer different services and products. They are managed separately based on the fundamental differences in their operations.

Information with respect to these reportable business segments for the three and six months ended March 31, 2022 and 2021 was as follows:

	Three Months Ended March 31,						Six Months Ended March 31,
	2022			2021			2022			2021
Revenues
General support services	$	4,800,000		$	4,800,000		$	9,600,000		$	9,600,000
Financial services		289,017			-			618,032			-
Total		5,089,017			4,800,000			10,218,032			9,600,000
Costs of revenues
General support services		4,725,000			4,725,000			9,450,000			9,450,000
Financial services		690,184			-			1,697,615			-
Total		5,415,184			4,725,000			11,147,615			9,450,000
Gross profit (loss)
General support services		75,000			75,000			150,000			150,000
Financial services		(401,167	)		-			(1,079,583	)		-
Total		(326,167	)		75,000			(929,583	)		150,000
Operating expenses
Financial services		278,232			-			681,287			-
Corporate/Other		1,249,323			73,441			2,186,475			200,526
Total		1,527,555			73,441			2,867,762			200,526
Other expense
Financial services		1,185			-			2,401			-
Corporate/Other		71,707			1,510			71,707			3,020
Total		72,892			1,510			74,108			3,020
Net income (loss)
General support services		75,000			75,000			150,000			150,000
Financial services		(680,584	)		-			(1,763,271	)		-
Corporate/Other		(1,321,030	)		(74,951	)		(2,258,182	)		(203,546	)
Total		(1,926,614	)		49			(3,871,453	)		(53,546	)
Amortization
Financial services		591,955			-			1,503,898			-
Corporate/Other		936			-			936			-
Total	$	592,891		$	-		$	1,504,834		$	-

Total assets at March 31, 2022 and September 30, 2021	March 31, 2022		September 30, 2021
Financial services	$	9,376,915	$	13,703,140
Corporate/Other		13,027,730		2,956,696
Total	$	22,404,645	$	16,659,836