SEGMENT AND GEOGRAPHIC INFORMATION

12 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

SEGMENT AND GEOGRAPHIC INFORMATION

NOTE 9 – 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:

	Year Ended June 30,
	2021			2020
Revenue by segment
Lease revenues	$	41,421		$	37,280
Commission revenues from security product sales		—			5,874
Corporate revenues		—			—
Total revenue	$	41,421		$	43,154
Segment profitability
Lease revenues	$	29,232		$	23,089
Commission revenues from security product sales		(1,603	)		4,457
Corporate revenues		(21,883	)		(130,649	)
Total segment profitability	$	5,746		$	(103,103	)

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:	2021		2020
Net Sales
United States	$	—	$	—
Denmark		41,421		43,154
Total	$	41,421	$	43,154
Long-Lived Assets
United States	$	—	$	—
Denmark		646,078		609,250
Total	$	646,078	$	609,250

Year Ended June 30, 2021
	ANV			Sharx			Corporate			Total
Net sales	$	41,421		$	—		$	—		$	41,421
Operating income (loss)		40,160			(1,601	)		(21,884	)		16,675
Interest expense		(2,684	)		—			—			(2,684	)
Depreciation and amortization		—			—			—			—
Total assets	$	691,303		$	5,878		$	150		$	697,331

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