SEGMENT REPORTING

3 Months Ended

12 Months Ended

Sep. 30, 2021

Jun. 30, 2021

Segment Reporting [Abstract]

SEGMENT REPORTING

NOTE 16. SEGMENT REPORTING

With the acquisition of Wainwright, Gourmet Foods, Brigadier, and the launch of the Original Sprout business unit of Kahnalytics, the Company has identified four segments for its products and services; U.S.A. investment fund management, U.S.A. beauty products, New Zealand food industry and Canada security alarm systems. Our recently incorporated subsidiary, Marygold, has not begun operations, so its accounts have been consolidated with those of the parent, Concierge, and is not yet identified as a separate segment. The Company’s reportable segments are business units located in different global regions. The Company’s operations in the U.S.A. include the manufacture and wholesale distribution of hair and skin care products by Original Sprout and the income derived from management of various investment funds by our subsidiary Wainwright. In New Zealand operations include the production, packaging and distribution on a commercial scale of gourmet meat pies and related bakery confections, and the printing of specialized food wrappers through our wholly owned subsidiary Gourmet Foods, Ltd. and its subsidiary, Printstock. In Canada, the Company provides security alarm system installation and maintenance services to residential and commercial customers sold through its wholly owned subsidiary, Brigadier. Separate management of each segment is required because each business unit is subject to different operational issues and strategies due to their particular regional location. The Company accounts for intra-company sales and expenses as if the sales or expenses were to third parties and eliminates them in the consolidation. Amounts are adjusted for currency translation as of the balance sheet date and presented in US dollars.

The following table presents a summary of identifiable assets as of September 30, 2021 and June 30, 2021.

	September 30,		June 30,
	2021		2021
Identifiable assets:
Corporate headquarters - including Marygold	$	3,033,606	$	3,513,008
U.S.A. : investment fund management - related party		18,669,464		17,467,044
U.S.A. : beauty products		4,186,931		4,024,803
New Zealand: food industry		3,628,352		3,831,539
Canada: security systems		2,639,006		2,671,286
Consolidated total	$	32,157,359	$	31,507,680

The following table presents a summary of operating information for the three months ended September 30:

	Three Months Ended		Three Months Ended
	September 30, 2021		September 30, 2020
Revenues from external customers:
U.S.A. : investment fund management - related party	$	5,657,027	$	7,036,301
U.S.A. : beauty products		1,021,071		972,744
New Zealand : food industry		2,361,793		2,057,369
Canada : security systems		690,856		678,643
Consolidated total	$	9,730,747	$	10,745,057

Net (loss) income:
U.S.A. : investment fund management - related party	$	(367,906	)	$	3,228,995
U.S.A. : beauty products		4,522			65,272
New Zealand : food industry		153,204			92,298
Canada : security systems		78,406			167,084
Corporate headquarters - including Marygold		(1,749,219	)		(1,334,215	)
Consolidated total	$	(1,880,993	)	$	2,219,434

The following table presents a summary of net capital expenditures for the three month periods ended September 30:

	Three Months Ended		Three Months Ended
	September 30, 2021		September 30, 2020
Capital expenditures:
U.S.A. : investment fund management	$	—	$	—
U.S.A. : beauty products		520		827
New Zealand: food industry (1)		3,040		413,162
Canada: security systems				(7,304	)
U.S.A. : corporate headquarters - including Marygold		—		653
Consolidated	$	3,560	$	407,338

(1) Includes $401,681 related to the acquisition of Printstock in July 2020. See Note 13, Business Combinations

The following table represents the property, plant and equipment in use at each of the Company’s locations as of September 30, 2021 and June 30, 2021:

	As of September 30, 2021			As of June 30, 2021
Asset Location
U.S.A. : investment fund management	$	—		$	—
U.S.A. : beauty products		59,481			58,961
New Zealand: food industry		2,286,231			2,345,569
Canada: security systems		971,716			998,612
U.S.A. : corporate headquarters - including Marygold		17,744			17,744
Total All Locations		3,335,172			3,420,886
Less accumulated depreciation		(1,863,570	)		(1,847,441	)
Net property, plant and equipment	$	1,471,602		$	1,573,445

NOTE 16. SEGMENT REPORTING

With the acquisition of Wainwright, Gourmet Foods, Brigadier, and the launch of the Original Sprout business unit of Kahnalytics, the Company has identified four segments for its products and services; U.S.A. investment fund management, U.S.A. beauty products, New Zealand food industry and Canada security alarm systems. Our recently incorporated subsidiary, Marygold, has not begun operations, so its accounts have been consolidated with those of the parent, Concierge, and is not yet identified as a separate segment. The Company’s reportable segments are business units located in different global regions. The Company’s operations in the U.S.A. include the manufacture and wholesale distribution of hair and skin care products by Original Sprout and the income derived from management of various investment funds by our subsidiary Wainwright. In New Zealand operations include the production, packaging and distribution on a commercial scale of gourmet meat pies and related bakery confections, and the printing of specialized food wrappers through our wholly-owned subsidiary Gourmet Foods, Ltd. and their subsidiary, Printstock. In Canada, the Company provides security alarm system installation and maintenance services to residential and commercial customers sold through its wholly-owned subsidiary, Brigadier. Separate management of each segment is required because each business unit is subject to different operational issues and strategies due to their particular regional location. The Company accounts for intra-company sales and expenses as if the sales or expenses were to third parties and eliminates them in the consolidation. Amounts are adjusted for currency translation as of the balance sheet date and presented in US dollars.

The following table presents a summary of identifiable assets as of June 30, 2021 and June 30, 2020:

	As of June 30, 2021		As of June 30, 2020
Identifiable assets:
Corporate headquarters - including Marygold	$	3,513,008	$	2,891,284
U.S.A. : investment fund management		17,467,044		12,834,581
U.S.A. : beauty products		4,024,803		3,611,471
New Zealand: food industry		3,831,539		2,606,256
Canada: security systems		2,671,286		2,347,327
Consolidated	$	31,507,680	$	24,290,919

The following table presents a summary of operating information for the years ended June 30, 2021 and June 30, 2020:

	Year Ended June 30, 2021		Year Ended June 30, 2020
Revenues:
U.S.A. : investment fund management - related party	$	25,169,182	$	15,459,061
U.S.A. : beauty products		3,756,512		3,883,953
New Zealand : food industry		8,263,267		4,745,821
Canada : security systems		2,715,487		2,660,153
Consolidated	$	39,904,448	$	26,748,988

Net income (loss):
U.S.A. : investment fund management - related party	$	9,983,156		$	2,850,451
U.S.A. : beauty products		(191,857	)		215,620
New Zealand : food industry		469,028			326,448
Canada : security systems		284,151			294,295
Corporate headquarters - including Marygold		(4,695,035	)		(1,913,413	)
Consolidated	$	5,849,443		$	1,773,401

The following table presents a summary of capital expenditures for the year ended June 30:

	2021		2020
Capital expenditures:
U.S.A.: investment fund management	$	—	$	—
U.S.A. : beauty products		41,974		6,242
New Zealand: food industry (1)		436,775		133,975
Canada: security systems		—		416,271
U.S.A. : corporate headquarters - including Marygold		653		2,786
Consolidated	$	479,402	$	559,274

(1) Includes $401,681 related to the acquisition of Printstock. See Note 15, Business Combinations

The following table represents property, plant and equipment in use at each of the Company’s locations as of June 30:

	2021			2020
Asset location:
U.S.A.: investment fund management	$	—		$	—
U.S.A. : beauty products		58,961			16,987
New Zealand: food industry		2,345,569			1,721,195
Canada: security systems		998,612			929,712
U.S.A. : corporate headquarters - including Marygold		17,744			17,091
Total all locations		3,420,886			2,684,985
Less accumulated depreciation		(1,847,441	)		(1,487,793	)
Net property, plant and equipment	$	1,573,445		$	1,197,192