SEGMENT AND GEOGRAPHIC INFORMATION

9 Months Ended

Mar. 31, 2021

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:

	Nine Months Ending March 31,
	2021			2020
Revenue by segment
Lease revenues	$	31,017		$	27,936
Commission revenues from security product sales		—			—
Corporate revenues		—			—
Total revenue	$	31,017		$	27,936
Segment profitability
Lease revenues	$	21,841		$	16,513
Commission revenues from security product sales		(1,560	)		—
Corporate revenues		(18,177	)		(127,700	)
Total segment profitability	$	2,104		$	(111,187	)

	Three Months Ending March 31,
	2021			2020
Revenue by segment
Lease revenues	$	10,404		$	9,326
Commission revenues from security product sales		—			—
Corporate revenues		—			—
Total revenue	$	10,404		$	9,326
Segment profitability
Lease revenues	$	7,484		$	7,123
Commission revenues from security product sales		(1,669	)		—
Corporate revenues		(4,437	)		(2,947	)
Total segment profitability	$	1,378		$	4,176

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:	2021		2020
Net Sales
United States	$	—	$	—
Denmark		10,404		9,326
Total	$	10,404	$	9,326

As of March 31, 2021 and June 30, 2020	March 31, 2021		June 30, 2020
Long-Lived Assets
United States	$	—	$	—
Denmark		636,337		609,250
Total	$	636,337	$	609,250

Nine Months Ending March 31:	2021		2020
Net Sales
United States	$	—	$	—
Denmark		31,017		27,936
Total	$	31,017	$	27,936

Three Months Ending March 31, 2021
	ANV			Sharx			Corporate			Total
Net sales	$	10,404		$	—		$	—		$	10,404
Operating income (loss)	$	10,247		$	(1,700	)	$	(4,437	)	$	4,110
Interest expense	$	(652	)	$	—		$	—		$	(652	)
Total assets	$	676,944		$	5,922		$	150		$	683,016

Three Months Ending March 31, 2020
	ANV			Sharx		Corporate			Total
Net sales	$	9,326		$	—	$	—		$	9,326
Operating (loss) income	$	9,027		$	—	$	(2,946	)	$	6,081
Interest expense	$	(792	)	$	—	$	—		$	(792	)
Total assets	$	633,408		$	—	$	150		$	633,558

Nine Months Ending March 31, 2021
	ANV			Sharx			Corporate			Total
Net sales	$	31,017		$	—		$	—		$	31,017
Operating income (loss)	$	30,088		$	(1,560	)	$	(18,177	)	$	10,351
Interest expense	$	(2,087	)	$	—		$	—		$	(2,087	)
Total assets	$	676,944		$	5,922		$	150		$	683,016

Nine Months Ending March 31, 2020
	ANV			Sharx		Corporate			Total
Net sales	$	27,936		$	—	$	—		$	27,936
Operating income (loss)	$	23,718		$	—	$	(127,700	)	$	(103,982	)
Interest expense	$	(2,547	)	$	—	$	—		$	(2,547	)
Total assets	$	633,408		$	—	$	150		$	633,558