Segment Information

9 Months Ended

Mar. 31, 2021

(13) Segment Information

The Company currently has two reportable business units: 1^st Detect Corporation and AgLAB Inc.

1^st Detect Corporation

1^st Detect is a manufacturer of explosives and narcotics trace detectors developed for use at airports, secured facilities, and borders worldwide.

AgLAB Inc.

AgLAB is developing a series of mass spectrometers for use in the agriculture market for process control and the detection of trace amounts of solvents and pesticides.

All intercompany transactions between business units have been eliminated in consolidation.

Key financial metrics of the Company’s segments are as follows:

	Three Months Ended March 31, 2021							Three Months Ended March 31, 2020
(In thousands)	Revenue		Depreciation		Loss before Income Taxes			Revenue		Depreciation		Loss before Income Taxes
1st Detect	$	54	$	12	$	(1,322	)	$	118	$	48	$	(2,068	)
AgLAB		—		—		(1,081	)		—		—		—
Total	$	54	$	12	$	(2,403	)	$	118	$	48	$	(2,068	)

	Nine Months Ended March 31, 2021							Nine Months Ended March 31, 2020
(In thousands)	Revenue		Depreciation		Loss before Income Taxes			Revenue		Depreciation		Loss before Income Taxes
1st Detect	$	324	$	48	$	(3,563	)	$	324	$	189	$	(6,219	)
AgLAB		—		—		(2,573	)		—		—		—
Total	$	324	$	48	$	(6,136	)	$	324	$	189	$	(6,219	)

	March 31, 2021							June 30, 2020
(In thousands)	Fixed Assets, Net		Total Capital Expenditures (1)			Total Assets		Fixed Assets, Net		Total Capital Expenditures (2)		Total Assets
1st Detect	$	74	$	(16	)	$	33,740	$	99	$	—	$	5,930
AgLAB		8		(8	)		40		—		—		—
Total	$	82	$	(24	)	$	33,780	$	99	$	—	$	5,930

(1)

Total capital expenditures are for the nine months ended March 31, 2021.

(2)

Total capital expenditures are for the twelve months ended June 30, 2020.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details