SEGMENTED INFORMATION

12 Months Ended

Nov. 30, 2021

SEGMENTED INFORMATION

31.  SEGMENTED INFORMATION

During the years ended November 30, 2020 and 2019, the Company had two offices: a head-office in Vancouver, BC, and Majesco’s office in New York, New York. During the year ended November 30, 2021, the Company had three offices: a head office in Vancouver, BC, a satellite office in Toronto, ON, and IndieFlix’s office in Seattle, Washington. In evaluating performance, management does not distinguish or group its sales and cost of sales on a geographic basis. Upon the acquisition of the Platform coding during the year ended November 30, 2020, the Company determined it has two reportable operating segments: the investment in film and television entertainment and the investment in video games.

Revenue derived in the Company’s film and television entertainment and video games segments is earned from a large number of customers located throughout the world but mostly located in the United States of America. During the year ended November 30, 2021, one customer accounted for 43% of the Company’s sales.

Below summarizes the Company’s reportable operating segments for year ended November 30, 2021.

	Film and Television Entertainment		Video Games		Total
	$		$		$
Segment Information
Revenue	761,009		6,781		767,790
Cost of sales	(532,210	)	(239,335	)	(771,545	)
Operating expenses	(464,044	)	(145,813	)	(609,857	)
Other income (expenses)	(3,324,000	)	(1,383,196	)	(4,707,196	)
Tax recovery	7,765		-		7,765
Segment profit (loss)	(3,551,480	)	(1,761,563	)	(5,313,043	)
Corporate expenses:
Operating expenses					(5,520,298	)
Other income (expenses)					(1,946,030	)
Comprehensive loss for the year					(12,779,371	)
Capital expenditures	-		-		-

Below summarizes the Company’s reportable operating segments for the year ended November 30, 2020.

	Film and Television Entertainment		Video Games		Total
	$		$		$
Segment Information
Revenue	12,409		23,078		35,487
Cost of sales	(41,435	)	(527,277	)	(568,712	)
Operating expenses	(378,988	)	(95,869	)	(474,857	)
Discontinued operations	-		(2,081,088	)	(2,081,088	)
Segment profit (loss)	(408,014	)	(2,681,156	)	(3,089,170	)
Corporate expenses:
Operating expenses					(5,425,326	)
Other income (expenses)					2,405,111
Comprehensive loss for the year					(6,109,385	)
Capital expenditures	3,325,000		-		3,325,000

Below summarizes the Company’s reportable operating segments for the year ended November 30, 2019.

	Film and Television Entertainment	Video Games		Total
	$	$		$
Segment Information
Revenue	-	20,427		20,427
Cost of sales	-	(1,380,872	)	(1,380,872	)
Operating expenses	-	(75,397	)	(75,397	)
Other income (expenses)	-	147,049		147,049
Discontinued operations	-	(67,447	)	(67,447	)
Segment profit (loss)	-	(1,356,240	)	(1,356,240	)
Corporate expenses:
Operating expenses				(4,070,653	)
Other income (expenses)				(435,116	)
Tax recovery				122,201
Comprehensive loss for the year				(5,739,808	)
Capital expenditures	-	-		-