SEGMENT AND GEOGRAPHIC INFORMATION

9 Months Ended

Mar. 31, 2023

SEGMENT AND GEOGRAPHIC INFORMATION

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,
	2023			2022
Revenue by segment
Lease revenues	$	28,805		$	30,039
Commission revenues from security product sales		—			—
Corporate revenues		—			—
Total revenue	$	28,805		$	30,039
Segment profitability
Lease income (loss)	$	28,899		$	30,039
Commission income (loss)from security product sales		(2,378	)		(2,315	)
Corporate income (loss)		(19,375	)		(18,821	)
Total segment profitability (loss)	$	(854	)	$	8,903

	Three Months Ending March 31,
	2023			2022
Revenue by segment
Lease revenues	$	10,447		$	9,991
Commission revenues from security product sales		—			—
Corporate revenues		—			—
Total revenue	$	10,447		$	9,991
Segment profitability
Lease income	$	7,300		$	(39,761	)
Commission income (loss)  from security product sales		(2,378	)		(2,245	)
Corporate income (loss)		(4,775	)		(4,275	)
Total segment profitability	$	147		$	(46,281	)

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:	2023		2022
Net Sales
United States	$	-	$	-
Denmark		10,447		9,991
Total	$	10,447	$	9,991

As of March 31, 2023 and June 30, 2022	Mar 31, 2023		June 30, 2022
Long-Lived Assets
United States	$	-	$	-
Denmark		591,018		566,856
Total	$	591,018	$	566,856

Nine Months Ending March 31:	2023		2022
Net Sales
United States	$	-	$	-
Denmark		28,805		30,039
Total	$	28,805	$	30,039

Three Months Ending March 31, 2023
	ANV			Sharx			Corporate			Total
Net sales	$	10,447		$	—		$	—		$	10,447
Operating income (loss)	$	9,541		$	(2,378	)	$	(4,775	)	$	2,388
Interest expense	$	(183	)	$	—		$	—		$	(183	)
Total assets	$	691,782		$	34		$	150		$	691,966

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

Nine Months Ending March 31, 2023
	ANV			Sharx			Corporate			Total
Net sales	$	28,805		$	—		$	—		$	28,805
Operating income (loss)	$	27,461		$	(2,412	)	$	(19,375	)	$	5,674
Interest expense	$	(668	)	$	—		$	—		$	(668	)
Total assets	$	691,782		$	34		$	150		$	691,966

Nine Months Ending March 31, 2022
	ANV			Sharx			Corporate			Total
Net sales	$	30,039		$	—		$	—		$	30,017
Operating income (loss)	$	29,174		$	(2,315	)	$	(18,821	)	$	10,351
Interest expense	$	(1,622	)	$	—		$	—		$	(2,087	)
Total assets	$	696,347		$	2,451		$	675		$	699,473