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SEGMENT AND GEOGRAPHIC INFORMATION (Tables)
12 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information

The following table summarizes financial information regarding each reportable segment’s results of operations for the periods presented:

 

    Year Ended June 30,
    2020   2019
                 
Revenue by segment                
   ANV lease revenues   $ 37,280     $ 38,408  
   Sharx commission revenues from security product sales     5,874       —    
   Corporate segment revenues     —         —    
Total revenue   $ 43,154     $ 38,408  
                 
Segment profitability                
   ANV lease revenues   $ 23,089     $ 25,499  
   Sharx commission revenues from security product sales     4,457       —    
   Corporate segment     (130,649 )     (17,388 )
Total segment profitability   $ (103,103 )   $ 8,111  

 

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:   2020   2019
Net Sales                
United States   $ —       $ —    
Denmark     43,154       38,408  
Total   $ 43,154     $ 38,408  
Long-Lived Assets                
United States   $ —       $ —    
Denmark     609,250       615,220  
       Total   $ 609,250     $ 615,220  

 

Year Ended June 30, 2020
    ANV   Sharx   Corporate   Total
                 
Net sales   $ 37,280     $ 5,874     $ —       $ 43,154  
Operating income (loss)     32,894       5,747       (130,649 )     (92,008 )
Interest expense     743       —         —         743  
Depreciation and amortization     —         —         —         —    
Total assets   $ 646,425     $ 7,480     $ 150     $ 654,055  

 

Year Ended June 30, 2019
    ANV   Sharx   Corporate   Total
                                 
Net sales   $ 38,408     $ —       $ —       $ 38,408  
Operating (loss) income     36,874       —         (17,700 )     19,174  
Interest expense     4,182       —         —         4,182  
Depreciation and amortization     —         —         —         —    
Total assets   $ 659,381     $ —       $ 150     $ 659,531