Segment Reporting And Geographic Information

6 Months Ended

Apr. 30, 2022

Segment Reporting And Geographic Information

Segment Reporting And Geographic Information

NOTE 13 – SEGMENT REPORTING AND GEOGRAPHIC INFORMATION               

We operate our business in two operating segments i.e., B2B for charges for usage of the Company’s software, and, royalties charged on the use of third-party gaming content and, the B2C segment which is related to the charges to enter prize competitions in the UK.

All operating segments have been aggregated due to their inter-dependencies, commonality of long-term economic characteristics, products and services, the production processes, class of customer, and distribution processes.

For geographical revenue reporting, revenues are attributed to the geographic location in which the distributors are located. Long-lived assets consist of property, plant and equipment, net, intangible assets, operating lease right-of-use assets, and goodwill, and are attributed to the geographic region in which they are located.

The following is a summary of revenues by geographic region, for the indicated periods (as a percentage of total revenues):

	For the three months ended								For the six months ended
Description	April 30, 2022				April 30, 2021				April 30, 2022				April 30, 2021
Revenues:
Asia Pacific	$	3,365,635	40	%	$	2,639,511	100	%	$	6,746,465	39	%	$	4,590,917	100	%
UK		5,117,108	60	%		-	-			10,613,383	61	%		-	-
Total	$	8,482,743	100	%	$	2,639,511	100	%	$	17,359,848	100	%	$	4,590,917	100	%

The following is a summary of revenues by products for the indicated periods (as a percentage of total revenues):

	For the three months ended								For the six months ended
Description	April 30, 2022				April 30, 2021				April 30, 2022				April 30, 2021
Revenues:
B2B	$	3,365,635	40	%	$	2,639,511	100	%	$	6,746,465	39	%	$	4,590,917	100	%
B2C		5,117,108	60	%		-	-			10,613,383	61	%		-	-
Total	$	8,482,743	100	%	$	2,639,511	100	%	$	17,359,848	100	%	$	4,590,917	100	%

The following is a summary of cost of goods sold (COGS) by geographic region, for the indicated periods (as a percentage of total cost of goods sold):

	For the three months ended								For the six months ended
Description	April 30, 2022				April 30, 2021				April 30, 2022				April 30, 2021
Revenues:
B2B	$	3,365,635	40	%	$	2,639,511	100	%	$	6,746,465	39	%	$	4,590,917	100	%
B2C		5,117,108	60	%		-	-			10,613,383	61	%		-	-
Total	$	8,482,743	100	%	$	2,639,511	100	%	$	17,359,848	100	%	$	4,590,917	100	%

The following is a summary of cost of goods sold by products for the indicated periods (as a percentage of total cost of goods sold):

	For the three months ended								For the six months ended
Description	April 30, 2022				April 30, 2021				April 30, 2022				April 30, 2021
COGS:
Asia Pacific	$	2,457,426	41	%	$	1,493,145	100	%	$	5,003,450	39	%	$	2,447,927	100	%
UK		3,484,755	59	%		-	-			7,791,733	61	%		-	-
Total	$	5,942,181	100	%	$	1,493,145	100	%	$	12,795,183	100	%	$	2,447,927	100	%

Long-lived assets by geographic region as of the dates indicated below were as follows: 

	As of		As of
Description	April 30, 2022		October 31, 2021
Long-lived assets:
Asia Pacific	$	276,492	$	415,446
UK		13,293,751		-
Total	$	13,570,243	$	415,446