Note 9 - Segment Reporting

9 Months Ended

Jun. 30, 2017

Segment Reporting Disclosure [Text Block]

Segment reporting

Commencing with the Company’s acquisitions through its joint venture entity, BT-Twiss Transport LLC, in

January 2016,

the Company now operates in

two

business segments. The Commercial Sales segment is focused on sales of Industrial Machinery, ammunition, software and healthcare products. The Transportation segment provides for freight storage and movement throughout the Continental United States.

SEGMENT INFORMATION FOR THE NINE MONTHS ENDED

JUNE 30, 2017

IS AS FOLLOWS:

	Commercial Sales			Transportation			Total

Revenue	$	1,215,580		$	17,778,523		$	18,994,103
Cost of Sales		1,256,387			13,075,656			14,332,043

Gross profit		(40,807	)		4,702,867			4,662,060
Selling, general and administrative expenses		458,192			3,661,473			4,119,665
Depreciation and interest expenses		140,750			1,908,611			2,049,361

Loss from operations		(639,749	)		(867,217	)		(1,506,966	)
Other income (expense)		(5,756	)		(37,375	)		(43,131	)

Net loss	$	(645,505	)	$	(904,592	)	$	(1,550,097	)

Total Assets	$	441,655		$	12,403,303		$	12,844,958

Reconciliation of Segment Amounts Reported to Consolidated Amounts

Total revenues for reportable segments							$	18,994,103
Unallocated amounts relating to corporate operations								-

Total consolidated revenue							$	18,994,103

Net loss
Total loss for reportable segments							$	(1,550,097	)
Unallocated amounts relating to corporate operations
Selling, general and administrative expenses								(1,428,974	)
Stock based compensation								(3,100	)
Income from discontinued operations and deconsolidation of subsidiary								10,763,015
Change in fair value of derivative liability								100,382
Depreciation and interest expense								(4,856,404	)

Total consolidated net loss							$	3,024,822

Assets
Total assets for reportable segments							$	12,844,958
Goodwill								4,789,772
Corporate investments and other assets								685,996

Total consolidated assets							$	18,320,726

Bulova Technologies Group, Inc. 10-Q/A