SEGMENT AND GEOGRAPHIC INFORMATION

6 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

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:

	Six Months Ending December 31,
	2020		2019
Revenue by segment
Lease revenues	$	20,613	$	18,610
Commission revenues from security product sales		-		-
Corporate revenues		-		-
Total revenue	$	20,613	$	18,610
Segment profitability
Lease revenues	$	14,357	$	9,390
Commission revenues from security product sales		-		-
Corporate revenues		14,357		(124,753	)
Total segment profitability	$	14,357	$	(124,753	)

	Three Months Ending December 31,
	2020		2019
Revenue by segment
Lease revenues	$	10,284	$	9,281
Commission revenues from security product sales		-		-
Corporate revenues		-		-
Total revenue	$	10,284	$	9,281
Segment profitability
Lease revenues	$	4,204	$	183
Commission revenues from security product sales		-		-
Corporate revenues		4,204		183
Total segment profitability	$	4,204	$	183

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 December 31:	2020		2019
Net Sales
United States	$	-	$	-
Denmark		10,284		9,281
Total	$	10,284	$	9,281

As of December 31, 2020 and June 30, 2020	Dec 31, 2020		June 30, 2020
Long-Lived Assets
United States	$	-	$	-
Denmark		667,293		609,250
Total	$	667,293	$	609,250

Six Months Ending December 31:	2020		2019
Net Sales
United States	$	-	$	-
Denmark		20,613		18,610
Total	$	20,613	$	18,610

Three Months Ending December 31, 2020
	ANV			Sharx			Corporate			Total
Net sales	$	10,284		$	(1	)	$	-		$	10,284
Operating income (loss)	$	10,058		$	(42	)	$	(3,025	)	$	6,992
Interest expense	$	(698	)	$	-		$	-		$	(698	)
Total assets	$	711,184		$	7,622		$	150		$	718,956

Three Months Ending December 31, 2019
	ANV			Sharx		Corporate			Total
Net sales	$	9,281		$	-	$	-		$	9,281
Operating (loss) income	$	5,776		$	-	$	(2,953	)	$	2,823
Interest expense	$	(859	)	$	-	$	-		$	(859	)
Total assets	$	644,911		$	-	$	147		$	645,055

Six Months Ending December 31, 2020
	ANV			Sharx		Corporate			Total
Net sales	$	20,613		$	273	$	-		$	20,613
Operating income (loss)	$	19,839		$	140	$	(13,740	)	$	6,241
Interest expense	$	(1,435	)	$	-	$	-		$	(1,435	)
Total assets	$	711,184		$	7,622	$	150		$	718,956

Six Months Ending December 31, 2019
	ANV			Sharx		Corporate			Total
Net sales	$	18,610		$	-	$	-		$	18,610
Operating income (loss)	$	14,691		$	-	$	(124,754	)	$	(110,063	)
Interest expense	$	(1,755	)	$	-	$	-		$	(1,755	)
Total assets	$	644,911		$	-	$	147		$	645,055