Quarterly report pursuant to Section 13 or 15(d)

Segment and Related Information

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Segment and Related Information
6 Months Ended
Nov. 30, 2019
Segment Reporting [Abstract]  
Segment and Related Information

NOTE 9 — SEGMENT AND RELATED INFORMATION

 

Historically, the Company had one operating segment. However, with the acquisition of PLAYlive and the opening of Company-owned retail stores, the Company’s operations are now managed through three operating segments: Franchise royalties and license 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 six months ended November 30, 2019 is shown in the following table:

 

    Revenues     Net
Loss
    Depreciation
and
Amortization
    Capital
Expenditures
    Goodwill     Total
Assets
 
                                     
Franchise royalties and license fees   $ 247,000     $ (9,000 )   $ 2,000     $ -     $ 2,226,000     $ 3,147,000  
Company-owned stores     50,000       (142,000 )     19,000       153,000       -       558,000  
Esports revenue     23,000       (97,000 )     103,000       3,000       4,456,000       5,890,000  
Corporate     -       (607,000 )     -       -       -       569,000  
Total   $ 320,000     $ (855,000 )   $ 124,000     $ 156,000     $ 6,682,000     $ 10,164,000