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Note 17 - Segment Reporting
 6 Months Ended
Dec. 31, 2017
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
N
OTE
17
.
SEGMENT REPORTING
 
With the acquisition of Wainwright Holdings, Gourmet Foods, Ltd.
, 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 monitoring. Our 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 all-natural 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 through our wholly owned subsidiary Gourmet Foods, Ltd. and in Canada we provide security alarm system installation and monitoring to residential and commercial customers sold through our 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 summa
ry of identifiable assets as of
December 31, 2017
and
June 30, 2017:
 
   
December
3
1
, 2017
    
June 30,
201
7
  
                 
Identifiable assets:
                
Corporate headquarters
   $
1,419,122
     $
3,302,979
  
U.S.A. : fund management
    
12,597,454
      
12,721,559
  
U.S.A. :
beauty products and other
    
3,725,181
      
89,459
  
New Zealand
: food industry
    
1,962,633
      
2,203,725
  
Canada
: security alarm monitoring
    
1,835,051
      
1,278,161
  
Consolidated total
   $
21,539,441
     $
19,595,883
  
 
 
The following table presents a summary of ope
rating information for the
three
months ended
December 31, 2017
and
2016:
 
   
Three-Months
Ended
December
3
1
, 2017
    
Three Months
Ended
December
3
1
, 2016
  
Revenues from unaffiliated customers:
                
U.S.A. :
beauty products and other
   $
88,485
     $
25,039
  
U.S.A. : investment fund management
    
4,845,624
      
6,472,531
  
New Zealand :
food industry
    
1,235,193
      
1,203,521
  
Canada :
security alarm monitoring
    
1,196,215
      
828,114
  
Consolidated total
   $
7,365,517
     $
8,529,205
  
                 
Net (loss) income after taxes:
                
Corporate headquarters
   $
(700,146
)
   $
(158,992
)
U.S.A. :
beauty products and other
    
(30,071
 )    
(16,035
)
U.S.A. : investment fund management
    
474,172
      
1,068,716
  
New Zealand :
food industry
    
11,311
      
17,154
 
Canada :
security alarm monitoring
    
222,631
      
105,603
  
Consolidated total
   $
(22,103
 )   $
1,016,446
  
 
The following table presents a summary of ope
rating information for the
six
months ended
December 31, 2017
and
2016:
 
   
Six
-Months
Ended
December 31,
2017
    
Six Months
Ended
December 31
,
2016
  
Revenues from unaffiliated customers:
                
U.S.A. :
beauty products and other
   $
110,990
     $
89,566
  
U.S.A. : investment fund management
    
10,003,572
      
12,840,475
  
New Zealand :
food industry
    
2,497,653
      
2,394,081
  
Canada :
security alarm monitoring
    
1,976,116
      
1,641,660
  
Consolidated total
   $
14,588,331
     $
16,965,782
  
                 
Net (loss) income after taxes:
                
Corporate headquarters
   $
(1,372,748
)
   $
(337,906
)
U.S.A. :
beauty products and other
    
(26,085
 )    
(32,867
)
U.S.A. : investment fund management
    
1,898,300
      
2,486,232
  
New Zealand :
food industry
    
18,830
      
(7,640
)
Canada :
security alarm monitoring
    
331,304
      
219,121
  
Consolidated total
   $
849,601
     $
2,326,940
  
 
 
 
The following table presents a summary of capital expenditures, net of disposal gains and losses, for the
three
months ended
December 31, 2017
and
2016:
 
Capital expenditures:
  
Three Months Ended
December
3
1
,
2017
   
Three Months Ended
December
3
1
,
201
6
  
Corporate headquarters
   $
198
     $
-
  
U.S.A.:
beauty products and other
    
-
      
-
  
U.S.A.: investment fund management
    
-
      
-
  
New Zealand
: food industry
    
9,356
      
5,521
  
Canada
: security alarm monitoring
    
- 
      
4,442
  
Consolidated total
   $
9,554
     $
9,963
  
 
 
The following table presents a summary of capital expenditures, net of disposal gains and losses, for the
six
months ended
December 31, 2017
and
2016:
 
Capital expenditures:
  
Six Months Ended December 31,
2017
   
Six Months Ended December 31,
201
6
  
Corporate headquarters
   $
198
     $
-
  
U.S.A.:
beauty products and other
    
-
      
-
  
U.S.A.: investment fund management
    
-
      
-
  
New Zealand
: food industry
    
59,386
      
43,049
  
Canada
: security alarm monitoring
    
187,115
      
4,297
  
Consolidated total
   $
246,699
     $
47,346