SEGMENT AND GEOGRAPHIC INFORMATION

9 Months Ended

Mar. 31, 2022

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:

	Nine Months Ending March 31,
	2022			2021
Revenue by segment
Lease revenues	$	30,039		$	31,017
Commission revenues from security product sales		—			—
Corporate revenues		—			—
Total revenue	$	30,039		$	31,017
Segment profitability
Lease revenues	$	30,039		$	21,841
Commission revenues from security product sales		(2,315	)		(1,560	)
Corporate revenues		(18,821	)		(18,177	)
Total segment profitability	$	8,903		$	2,104

	Three Months Ending March 31,
	2022			2021
Revenue by segment
Lease revenues	$	9,991		$	10,404
Commission revenues from security product sales		—			—
Corporate revenues		—			—
Total revenue	$	9,991		$	10,404
Segment profitability
Lease revenues	$	9,991		$	7,484
Commission revenues from security product sales		(2,245	)		(1,669	)
Corporate revenues		(4,275	)		(4,437	)
Total segment profitability	$	3,471		$	1,378

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 March 31:	2022		2021
Net Sales
United States	$	-	$	-
Denmark		9,991		10,404
Total	$	9,991	$	10,404

As of March 31, 2022 and June 30, 2021	Mar 31, 2022		June 30, 2021
Long-Lived Assets
United States	$	-	$	-
Denmark		601,982		646,078
Total	$	601,982	$	646,078

Nine Months Ending March 31:	2022		2021
Net Sales
United States	$	-	$	-
Denmark		30,039		31,017
Total	$	30,039	$	31,017

Three Months Ending March 31, 2022
	ANV			Sharx			Corporate			Total
Net sales	$	9,991		$	—		$	—		$	9,991
Operating income (loss)	$	9,715		$	(2,245	)	$	(4,275	)	$	3,195
Interest expense	$	(395	)	$	—		$	—		$	(395	)
Total assets	$	696,347		$	2,451		$	675		$	699,473

Three Months Ending March 31, 2021
	ANV			Sharx			Corporate			Total
Net sales	$	10,404		$	—		$	—		$	10,404
Operating (loss) income	$	10,247		$	(1,700	)	$	(4,437	)	$	4,110
Interest expense	$	(652	)	$	—		$	—		$	(652	)
Total assets	$	676,944		$	5,922		$	150		$	683,016
Nine Months Ending March 31, 2022
	ANV			Sharx			Corporate			Total
Net sales	$	30,039		$	—		$	—		$	30,039
Operating income (loss)	$	29,174		$	(2,315	)	$	(18,821	)	$	8,038
Interest expense	$	(1,622	)	$	—		$	—		$	(1,622	)
Total assets	$	696,347		$	2,451		$	675		$	699,473

Nine Months Ending March 31, 2021
	ANV			Sharx			Corporate			Total
Net sales	$	31,017		$	—		$	—		$	31,017
Operating income (loss)	$	30,088		$	(1,560	)	$	(18,177	)	$	10,351
Interest expense	$	(2,087	)	$	—		$	—		$	(2,087	)
Total assets	$	676,944		$	5,922		$	150		$	683,016