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SEGMENT INFORMATION
 9 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION

NOTE 4. SEGMENT INFORMATION

 

Accounting Standard Codification (ASC) 280, Segment Reporting, establishes standards for the manner in which companies report financial information about operating segments, products, services, geographic areas and major customers.

 

Our Segments

 

Operating segments are defined as components of an entity for which separate financial information is available and that is regularly reviewed by the Chief Operating Decision Maker (“CODM”) in deciding how to allocate resources to an individual segment and in assessing performance. The Company’s CODM is its Chief Executive Officer.

 

We conduct our business through two operating segments:

 

  1) Commercially available Intelligent Fingerprinting Products (IFPG or IFPG segment)
  2) Development Stage Biosensor Platform Technology (BPT segment)

 

The Company has determined it operates in two operating and reportable segments, as the CODM reviews financial information presented on a consolidated basis accompanied by disaggregated information about revenue and other income by product types for the purpose of allocating resources and evaluating financial performance. Currently, the Company has two products offerings.

 

The IFPG segment accounted for 100% of the Company’s revenue during the three and nine months ended March 31, 2025 and 2024.

 

The following tables set forth the Company’s revenue, government support income, net loss and long-lived assets and inventories by operating and reportable segments.

 

A) Revenue, government support income and net loss

 

             
   Three Months Ended March 31, 2025 
   IFPG   BPT   Total 
Revenue            
United Kingdom  $692,156   $-   $692,156 
Australia   5,284    -    5,284 
Other   31,427    -    31,427 
Total Revenue  $728,867   $-   $728,867 
                
Government Support Income               
United Kingdom  $51,954   $-   $51,954 
Australia   -    121,317    121,317 
Total Government Support Income  $51,954   $121,317   $173,271 
                
Total Revenue and Government Support Income  $780,821   $121,317   $902,138 
                
Net Loss  $(846,314)  $(1,704,360)  $(2,550,674)

 

             
   Three Months Ended March 31, 2024 
   IFPG   BPT   Total 
Revenue            
United Kingdom  $799,811   $-   $799,811 
Australia   8,789    -    8,789 
Other   15,200    -    15,200 
Total Revenue  $823,800   $-   $823,800 
                
Government Support Income               
United Kingdom  $19,767   $-   $19,767 
Australia   -    64,075    64,075 
Total Government Support Income  $19,767   $64,075   $83,842 
                
Total Revenue and Government Support Income  $843,567   $64,075   $907,642 
                
Net Loss  $(1,083,630)  $(1,903,135)  $(2,986,765)

 

             
   Nine Months Ended March 31, 2025 
   IFPG   BPT   Total 
Revenue               
United Kingdom  $2,095,719   $-   $2,095,719 
Australia   11,830    -    11,830 
Other   101,099    -    101,099 
Total Revenue  $2,208,648   $-   $2,208,648 
                
Government Support Income               
United Kingdom  $92,381   $-   $92,381 
Australia   -    340,658    340,658 
Total Government Support Income  $92,381   $340,658   $433,039 
                
Total Revenue and Government Support Income  $2,301,029   $340,658   $2,641,687 
                
Net Loss  $(3,426,522)  $(4,075,748)  $(7,502,270)

 

 

             
   Nine Months Ended March 31, 2024 
   IFPG   BPT   Total 
Revenue               
United Kingdom  $2,210,409   $-   $2,210,409 
Australia   33,676    -    33,676 
Other   139,872    -    139,872 
Total Revenue  $2,383,957   $-   $2,383,957 
                
Government Support Income               
United Kingdom  $126,705   $-   $126,705 
Australia   -    220,212    220,212 
Total Government Support Income  $126,705   $220,212   $346,917 
                
Total Revenue and Government Support Income  $2,510,662   $220,212   $2,730,874 
                
Net Loss  $(2,732,728)  $(4,662,844)  $(7,395,572)

 

B) Long-lived assets and inventories, net

 

             
   As of March 31, 2025 
   IFPG   BPT   Total 
Long-lived assets, net               
United Kingdom  $3,908,314   $-   $3,908,314 
Australia   -    568,882    568,882 
Total Long-Lived Assets  $3,908,314   $568,882   $4,477,196 
                
Inventories, net               
United Kingdom  $649,886   $-   $649,886 
Australia   33,602    -    33,602 
Total Inventories  $683,488   $-   $683,488 
                
Total Long-Lived Assets and Inventories, net  $4,591,802   $568,882   $5,160,684 

 

             
   As of June 30, 2024 
   IFPG   BPT   Total 
Long-lived assets, net               
United Kingdom  $4,626,798   $-   $4,626,798 
Australia   -    617,822    617,822 
Total Long-Lived Assets  $4,626,798   $617,822   $5,244,620 
                
Inventories, net               
United Kingdom  $731,813   $-   $731,813 
Australia   45,724    -    45,724 
Total Inventories  $777,537   $-   $777,537 
                
Total Long-Lived Assets and Inventories, net  $5,404,335   $617,822   $6,022,157