SEGMENT AND GEOGRAPHIC INFORMATION

6 Months Ended

Dec. 31, 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:

	Six Months Ending December 31,
	2021			2020
Revenue by segment
Lease revenues	$	20,048		$	20,613
Commission revenues from security product sales		-			-
Corporate revenues		-			-
Total revenue	$	20,048		$	20,613
Segment profitability
Lease revenues	$	69,800		$	14,357
Commission revenues from security product sales		(70	)		109
Corporate revenues		(15,546	)		(13,740	)
Total segment profitability	$	55,148		$	726

	Three Months Ending December 31,
	2021			2020
Revenue by segment
Lease revenues	$	9,867		$	10,284
Commission revenues from security product sales		-			-
Corporate revenues		-			-
Total revenue	$	9,867		$	10,284
Segment profitability
Lease revenues	$	62,505		$	7,304
Commission revenues from security product sales		(29	)		(75	)
Corporate revenues		(5,721	)		(3,025	)
Total segment profitability	$	56,755		$	4,204

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 December 31:	2021		2020
Net Sales
United States	$	-	$	-
Denmark		9,867		10,284
Total	$	9,867	$	10,284

As of December 31, 2021 and June 30, 2021	Dec 31, 2021		June 30, 2021
Long-Lived Assets
United States	$	-	$	-
Denmark		614,607		646,078
Total	$	614,607	$	646,078

Six Months Ending December 31:	2021		2020
Net Sales
United States	$	-	$	-
Denmark		20,048		20,613
Total	$	20,048	$	20,613

Three Months Ending December 31, 2021
	ANV			Sharx			Corporate			Total
Net sales	$	9,867		$	48		$	-		$	9,867
Operating income (loss)	$	9,578		$	(29	)	$	(5,721	)	$	3,828
Interest expense	$	(698	)	$	-		$	-		$	(698	)
Total assets	$	710,150		$	4,696		$	150		$	714,996

Three Months Ending December 31, 2020
	ANV			Sharx			Corporate			Total
Net sales	$	10,284		$	-		$	-		$	10,284
Operating (loss) income	$	10,059		$	(42	)	$	(3,025	)	$	6,992
Interest expense	$	(698	)	$	-		$	-		$	(698	)
Total assets	$	711,184		$	7,622		$	150		$	718,956
Six Months Ending December 31, 2021
	ANV			Sharx			Corporate			Total
Net sales	$	20,048		$	48		$	-		$	20,048
Operating income (loss)	$	19,459		$	(70	)	$	(14,546	)	$	4,843
Interest expense	$	(1,227	)	$	-		$	-		$	(1,227	)
Total assets	$	710,150		$	4,696		$	150		$	714,996

Six Months Ending December 31, 2020
	ANV			Sharx		Corporate			Total
Net sales	$	20,613		$	273	$	-		$	20,613
Operating income (loss)	$	19,839		$	140	$	(13,740	)	$	6,241
Interest expense	$	(1,435	)	$	-	$	-		$	(1,435	)
Total assets	$	711,184		$	7,622	$	150		$	718,956