Quarterly report pursuant to Section 13 or 15(d)

BUSINESS SEGMENT INFORMATION

v3.19.2
BUSINESS SEGMENT INFORMATION
9 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
BUSINESS SEGMENT INFORMATION

As of June 30, 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 June 30, 2019                  
Net sales   $ -     $ 645,850     $ 645,850  
Loss from operations   $ (790,322 )   $ (10,498 )   $ (800,820 )
                         
Three months ended June 30, 2018                        
Net sales   $ -     $ -     $ -  
Income (loss) from operations   $ (356,577 )   $ -     $ (356,577 )
                         
                         
Nine months ended June 30, 2019                        
Net sales   $ -     $ 1,814,158     $ 1,814,158  
Loss from operations   $ (1,725,868 )   $ (73,656 )   $ (1,799,524 )
                         
Nine months ended June 30, 2018                        
Net sales   $ -     $ -     $ -  
Income (loss) from operations   $ (844,998 )   $ -     $ (844,998 )
                         
Total Assets                        
June 30, 2019   $ 248,302     $ 526,031     $ 774,333  
September 30, 2018   $ 283,485     $ 380,919     $ 664,404