Note 15 - Segment Reporting

12 Months Ended

Jun. 30, 2020

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

NOTE 15. 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 systems. 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 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 maintenance services 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 summary of identifiable assets as of

June 30, 2020

 and

June 30, 2019

:

	As of June 30, 2020		As of June 30, 2019
Identifiable assets:
Corporate headquarters	$	3,024,690	$	2,730,805
U.S.A. : fund management		12,834,581		10,878,549
U.S.A. : beauty products		3,611,471		3,780,278
New Zealand: food industry		2,606,256		1,838,800
Canada: security systems		2,347,327		2,025,176
Consolidated	$	24,424,325	$	21,253,608

The following table presents a summary of operating information for the years ended

June 30, 2020

 and

June 30, 2019

:

	Year Ended June 30, 2020			Year Ended June 30, 2019
Revenues:
U.S.A. : beauty products	$	3,883,953		$	3,621,246
U.S.A. : investment fund management		15,459,061			15,021,439
New Zealand : food industry		4,745,821			4,747,358
Canada : security systems		2,660,153			3,558,580
Consolidated	$	26,748,988		$	26,948,623
Net income (loss):
Corporate headquarters	$	(1,913,413	)	$	(1,223,930	)
U.S.A. : beauty products		215,620			406,963
U.S.A. : investment fund management		2,850,451			687,755
New Zealand : food industry		326,448			(13,326	)
Canada : security systems		294,295			404,387
Consolidated	$	1,773,401		$	261,849

The following table presents a summary of net capital expenditures for the year ended

June 30:

	2020		2019
Capital expenditures:
U.S.A. : corporate headquarters	$	2,786	$	-
U.S.A. : beauty products		6,242		5,501
U.S.A.: investment fund management		-		-
New Zealand: food industry		133,975		48,856
Canada: security systems		416,271		(4,192	)
Consolidated	$	559,274	$	50,165

The following table represents property, plant and equipment in use at each of the Company's locations as of

June 30:

	2020			2019
Asset location:
U.S.A. : corporate headquarters	$	17,091		$	14,305
U.S.A. : beauty products		16,987			10,745
U.S.A.: investment fund management		-			-
New Zealand: food industry		1,721,195			1,659,186
Canada: security systems		929,712			348,435
Total all locations		2,684,985			2,032,671
Less accumulated depreciation		(1,487,793	)		(1,275,657	)
Net property, plant and equipment	$	1,197,192		$	757,014