SEGMENT AND GEOGRAPHIC INFORMATION

12 Months Ended

Jun. 30, 2022

SEGMENT AND GEOGRAPHIC INFORMATION

SEGMENT AND GEOGRAPHIC INFORMATION

NOTE 9 – 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:

	Year Ended June 30,
	2022			2021
Revenue by segment
Lease revenues	$	39,515		$	41,421
Commission revenues from security product sales		—			—
Corporate revenues		—			—
Total revenue	$	39,515		$	41,421
Segment profitability
Lease income (loss)	$	82,442		$	29,232
Commission income (loss) from security product sales		(2,354	)		(1,603	)
Corporate income (loss)		(23,096	)		(21,883	)
Total segment profitability	$	56,992		$	5,746

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.

Year Ending June 30:	2022		2021
Net Sales
United States	$	—	$	—
Denmark		39,515		41,421
Total	$	39,515	$	41,421
Long-Lived Assets
United States	$	—	$	—
Denmark		566,856		646,078
Total	$	566,856	$	646,078

Year Ended June 30, 2022
	ANV			Sharx			Corporate			Total
Net sales	$	39,515		$	—		$	—		$	39,515
Operating income (loss)		38,528			(2,354	)		(23,095	)		13,079
Interest expense		(1,940	)		—			—			(1,940	)
Goodwill		-			-			-			-
Depreciation and amortization		—			—			—			—
Total assets	$	659,627		$	2,412		$	150		$	662,189

Year Ended June 30, 2021
	ANV			Sharx			Corporate			Total
Net sales	$	41,421		$	—		$	—		$	41,421
Operating (loss) income		40,160			(1,601	)		(21,884	)		16,675
Interest expense		(2,684	)		—			—			(2,684	)
Goodwill		-			-			-			-
Depreciation and amortization		—			—			—			—
Total assets	$	691,303		$	5,878		$	150		$	697,331