SEGMENT AND GEOGRAPHIC INFORMATION

3 Months Ended

Sep. 30, 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:

	Three Months Ending September 30,
	2023			2022
Revenue by segment
Lease revenues	$	10,633		$	8,976
Commission revenues from security product sales		—			—
Corporate revenues		—			—
Total revenue	$	10,633		$	8,976
Segment profitability
Lease income (loss)	$	8,002		$	6,590
Commission income (loss) from security product sales		(34	)		(15	)
Corporate income (loss)		(11,074	)		(9,825	)
Total segment profitability	$	(3,106	)	$	(3,250	)

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:	2023		2022
Net Sales
United States	$	-	$	-
Denmark		10,633		8,976
Total	$	10,633	$	8,976

As of September 30, 2023 and June 30, 2023	Sept 30, 2023		June 30, 2023
Long-Lived Assets
United States	$	-	$	-
Denmark		571,822		591,705
Total	$	571,822	$	591,705

Three Months Ending September 30, 2023
	ANV			Sharx			Corporate			Total
Net sales	$	10,633		$	—		$	—		$	10,633
Operating income	$	10,338		$	(35	)	$	(11,074	)	$	(771	)
Interest expense	$	(79	)	$	—		$	—		$	(79	)
Total assets	$	674,199		$	(36	)	$	150		$	674,313

Three Months Ending September 30, 2022
	ANV			Sharx		Corporate			Total
Net sales	$	8,976		$	—	$	—		$	8,976
Operating (loss) income	$	8,714		$	34	$	(9,825	)	$	(1,145	)
Interest expense	$	(265	)	$	—	$	—		$	(265	)
Total assets	$	619,307		$	2,396	$	150		$	621,853