Quarterly report pursuant to Section 13 or 15(d)

Segment and Related Information

v3.19.3
Segment and Related Information
3 Months Ended
Aug. 31, 2019
Segment Reporting [Abstract]  
Segment and Related Information

NOTE 10 — SEGMENT AND RELATED INFORMATION

 

Historically, the Company had one operating segment. However, with the acquisition of PLAYLive and the opening of two Company-owned retail stores, the Company’s operations are now managed through three operating segments: Franchise royalties and fees, Company-owned stores and Esports revenue. These three operating segments and corporate are presented below as its reportable segments.

 

Summarized financial information concerning our reportable segments for the three months ended August 31, 2019 is shown in the following table:

 

    Revenues     Net
Income
(loss)
    Depreciation
and
Amortization
    Capital
Expenditures
    Goodwill     Total
Assets
 
                                     
Franchise royalties and fees   $ 47,000     $ 500     $ 400     $ -     $ 2,226,000     $ 2,263,000  
Company-owned stores     4,000       (24,000 )     7,200       97,000       -       440,000  
Esports revenue     23,000       (62,500 )     -       -       4,456,000       5,947,000  
Corporate     -       (197,000 )     1,000       -       -       1,000,000  
Total   $ 74,000     $ (283,000 )   $ 8,600     $ 97,000     $ 6,682,000     $ 9,650,000