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SEGMENT REPORTING
 12 Months Ended
Sep. 30, 2022
SEGMENT REPORTING  
SEGMENT REPORTING

14. SEGMENT REPORTING

 

The management of the Company considers the business to currently have two operating segments (i) the development of the Bio-RFID™” and “ChromaID™” technologies; (ii) Particle, Inc. technology; and (iii) AI sales of NFT products.

 

Particle commenced operations in the year ended September 30, 2020. AI commenced operations during the year ended September 30, 2021.

The reporting for the year ended September 30, 2022 and 2021 was as follows (in thousands):

 

 

 

 

 

 

Segment

 

 

 

 

 

 

 

 

 

Operating

 

 

Segment

 

Segment

 

Revenue

 

 

Profit (Loss)

 

 

Assets

 

Year Ended September 30, 2022

 

 

 

 

 

 

 

 

 

Development of the Bio-RFID™” and “ChromaID™” technologies

 

$-

 

 

$(13,482)

 

$13,360

 

Particle, Inc. technology

 

 

-

 

 

 

(22)

 

 

-

 

Digital asset sales

 

 

4,360

 

 

 

930

 

 

 

398

 

Total segments

 

$4,360

 

 

$(12,574)

 

$13,758

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended September 30, 2021

 

 

 

 

 

 

 

 

 

 

 

 

Development of the Bio-RFID™” and “ChromaID™” technologies

 

$-

 

 

$(9,373)

 

$12,867

 

Particle, Inc. technology

 

 

-

 

 

 

(1,073)

 

 

22

 

Total segments

 

$-

 

 

$(10,446)

 

$12,889

 

  

During years ended September 30, 2022 and 2021, the Company incurred non-cash expenses related to operations of $5,121,290 and $3,978,092.