SEGMENT REPORTING (Tables)

3 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

SUMMARY OF IDENTIFIABLE ASSETS AND ASSET LOCATION OF PROPERTY PLANT AND EQUIPMENT

The following table presents a summary of identifiable assets as of September 30, 2023 and June 30, 2023.

	September 30,		June 30,
	2023		2023
Identifiable assets:
U.S.A.: corporate headquarters (1)	$	3,849,377	$	4,133,619
U.S.A.: investment fund management – related party		19,666,773		19,601,960
U.S.A.: beauty products		2,911,041		2,888,721
New Zealand: food industry		3,705,553		3,933,463
Canada: security systems		2,174,608		2,820,798
U.K.: financial services		1,816,148		1,902,266
U.S.A.: financial services (1)		1,341,700		-
Consolidated total	$	35,465,200	$	35,280,827

(1) The assets of Marygold, identified as located in the U.S.A.: financial services segment as of September 30, 2023, were combined with those of the parent, identified as U.S.A.: corporate headquarters, as of June 30, 2023 and totaled $897,024.

The following table represents the property, plant and equipment in use at each of the Company’s locations as of September 30, 2023 and June 30, 2023:

	As of September 30, 2023			As of June 30, 2023
Asset Location
U.S.A.: investment fund management	$	-		$	-
U.S.A. : beauty products		72,174			62,456
New Zealand: food industry		2,208,605			2,240,357
Canada: security systems		877,554			900,123
U.K.: financial services		22,905			23,695
U.S.A.: financial services (1)		36,508			-
U.S.A. : corporate headquarters (1)		18,086			47,080
Total all locations		3,235,832			3,273,711
Less accumulated depreciation		(2,026,093	)		(2,018,409	)
Net property, plant and equipment	$	1,209,739		$	1,255,302

(1) The property, plant and equipment of Marygold, identified as located in the U.S.A.: financial services segment as of September 30, 2023, were combined with those of the parent, identified as U.S.A.: corporate headquarters, as of June 30, 2023 and totaled $31,831.

 

SUMMARY OF OPERATING INFORMATION AND CAPITAL EXPENDITURE

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

	Three Months Ended			Three Months Ended
	September 30, 2023			September 30, 2022
Revenues from external customers:
U.S.A.: investment fund management – related party	$	5,049,550		$	5,419,435
U.S.A.: beauty products		774,626			804,078
New Zealand: food industry		1,730,527			1,937,426
Canada : security systems		553,719			628,892
U.K.: financial services		126,691			133,457
U.S.A.: financial services (1)		401			-
Consolidated total	$	8,235,514		$	8,923,288
Net income (loss):
U.S.A.: investment fund management – related party	$	1,951,786		$	1,785,259
U.S.A.: beauty products		(322,281	)		(19,757	)
New Zealand: food industry		24,889			200,554
Canada : security systems		57,973			107,124
U.K.: financial services		(68,330	)		10,155
U.S.A.: financial services (1)		(1,453,061	)		-
U.S.A.: corporate headquarters (1)		(691,157	)		(1,586,167	)
Consolidated total	$	(500,181	)	$	497,168

(1) The revenues and net income of Marygold, identified as located in the U.S.A.: financial services segment for the three months ended September 30, 2023 were combined with those of the parent, identified as U.S.A.: corporate headquarters, for the three months ended September 30, 2022 where Marygold revenues were $0 and Marygold net loss was ($641,363).

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

	Three Months Ended		Three Months Ended
	September 30, 2023		September 30, 2022
Capital expenditures:
U.S.A.: investment fund management	$	-	$	-
U.S.A.: beauty products		9,718		1,128
New Zealand: food industry		7,957		5,854
Canada: security systems		-		698
U.K.: financial services		-		1,738
U.S.A.: financial services		4,677		-
U.S.A.: corporate headquarters		2,837		-
Consolidated	$	25,189	$	9,418

The following table represents the property, plant and equipment in use at each of the Company’s locations as of September 30, 2023 and June 30, 2023:

	As of September 30, 2023			As of June 30, 2023
Asset Location
U.S.A.: investment fund management	$	-		$	-
U.S.A. : beauty products		72,174			62,456
New Zealand: food industry		2,208,605			2,240,357
Canada: security systems		877,554			900,123
U.K.: financial services		22,905			23,695
U.S.A.: financial services (1)		36,508			-
U.S.A. : corporate headquarters (1)		18,086			47,080
Total all locations		3,235,832			3,273,711
Less accumulated depreciation		(2,026,093	)		(2,018,409	)
Net property, plant and equipment	$	1,209,739		$	1,255,302

(1) The property, plant and equipment of Marygold, identified as located in the U.S.A.: financial services segment as of September 30, 2023, were combined with those of the parent, identified as U.S.A.: corporate headquarters, as of June 30, 2023 and totaled $31,831.