Quarterly report pursuant to Section 13 or 15(d)

BUSINESS SEGMENT INFORMATION

v3.19.1
BUSINESS SEGMENT INFORMATION
6 Months Ended
Mar. 31, 2019
BUSINESS SEGMENT INFORMATION [Abstract]  
BUSINESS SEGMENT INFORMATION
NOTE 17 - BUSINESS SEGMENT INFORMATION

As of March 31, 2019, the Company had two operating segments, XSport and Shift Now.

The Company’s reportable segments are distinguished by types of service, customers and methods used to provide their services.  The operating results of these business segments are regularly reviewed by the Company’s chief operating decision maker.

The accounting policies of each of the segments are the same as those described in the Summary of Significant Accounting Policies in Note 2.  The Company evaluates performance based primarily on income (loss) from operations.

Operating results for the business segments of the Company were as follows:

   
XSport
   
Shift Now
   
Total
 
                   
Three months ended March 31, 2019
                 
Net sales
 
$
-
   
$
646,141
   
$
646,141
 
Loss from operations
 
$
(619,315
)
 
$
(6,895
)
 
$
(626,210
)
                         
Three months ended March 31, 2018
                       
Net sales
 
$
-
   
$
-
   
$
-
 
Income (loss) from operations
 
$
(252,991
)
 
$
-
   
$
(252,991
)
                         
                         
Six months ended March 31, 2019
                       
Net sales
 
$
-
   
$
1,168,308
   
$
1,168,308
 
Loss from operations
 
$
(935,347
)
 
$
(63,157
)
 
$
(998,704
)
                         
Six months ended March 31, 2018
                       
Net sales
 
$
-
   
$
-
   
$
-
 
Income (loss) from operations
 
$
(488,421
)
 
$
-
   
$
(488,421
)
                         
Total Assets
                       
March 31, 2019
 
$
286,996
   
$
419,150
   
$
706,146
 
September 30, 2018
 
$
283,485
   
$
380,919
   
$
664,404