SEGMENT AND GEOGRAPHIC INFORMATION

3 Months Ended

Sep. 30, 2021

SEGMENT AND GEOGRAPHIC INFORMATION

NOTE 8- SEGMENT AND GEOGRAPHIC INFORMATION

NOTE 8 - Segment and Geographic Information

Segment Performance

We have three reporting segments:

● The ANV lease segment which leases land in Denmark by long term leases.

● The Sharx’s segment which generate commissions for the sale cargo security products.

● The Corporate segment, Advanced Oxygen Technologies, Inc. which does not generate revenues, but has administrative expenses.

The following table summarizes financial information regarding each reportable segment’s results of operations for the periods presented:

	Three Months Ending September 30,
	2021			2020
Revenue by segment
Lease revenues	$	10,181		$	10,329
Commission revenues from security product sales		—			—
Corporate revenues		—			—
Total revenue	$	10,181		$	10,329
Segment profitability
Lease revenues	$	7,295		$	7,053
Commission revenues from security product sales		(41	)		184
Corporate expenses		(8,825	)		(10,715	)
Total segment profitability	$	(1,571	)	$	(3,478	)

The following table presents net sales, based on the location in which the sale originated, and long-lived assets, representing property, plant and equipment, net of related depreciation, by geographic region. All of the assets are land that are held by the Company’s subsidiary, ANV.

Three Months Ending September 30:	2021		2020
Net Sales
United States	$	—	$	—
Denmark		10,181		10,329
Total	$	10,181	$	10,329
Long-Lived Assets
United States	$	—	$	—
Denmark		629,851		636,613
Total	$	629,851	$	636,613

Three Months Ending September 30, 2021
	ANV			Sharx			Corporate			Total
Net sales	$	10,181		$	—		$	—		$	10,181
Operating (loss) income	$	9,881		$	(41	)	$	(8,825	)	$	(1,015	)
Interest expense	$	(529	)	$	—		$	—		$	(529	)
Total assets	$	670,425		$	5,837		$	150		$	676,412

Three Months Ending September 30, 2020
	ANV			Sharx		Corporate			Total
Net sales	$	10,329		$	—	$	—		$	10,602
Operating (loss) income	$	9,780		$	184	$	(10,715	)	$	(751	)
Interest expense	$	(737	)	$	—	$	—		$	(737	)
Total assets	$	675,644		$	7,663	$	150		$	683,457