SEGMENT REPORTING

9 Months Ended

Jun. 30, 2022

NOTE 7 – SEGMENT REPORTING

Reportable segments are components of an enterprise about which separate financial information is available and that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. The Company’s reportable segments are based on products and services, geography, legal structure, management structure, or any other manner in which management disaggregates a company.

The Company operates in the following business segments:

(i) Medical Devices: which stems from PSI, its wholly-owned subsidiary acquired on August 24, 2012, a developer, manufacturer, marketer and distributer of targeted Ultra Violet (“UV”) phototherapy devices for the treatment of skin diseases, and for sanitation purposes.

(ii) Authentication and Encryption Products and Services: which stems from StealthCo, its wholly-owned subsidiary formed on March 18, 2014, which has engaged in the business of selling, licensing or otherwise providing certain authentication and encryption products and services since acquisition of certain assets from SMI on April 4, 2014.

The detailed segment information of the Company is as follows:

Assets By Segment

	Corporate		Medical Devices		Authentication and Encryption		Total
	June 30, 2022
	Corporate		Medical Devices		Authentication and Encryption		Total
ASSETS
Current Assets
Cash	$	1,068	$	37,682	$	3,295	$	42,045
Inventories		-		99,741		-		99,741
Total current assets		1,068		137,423		3,295		141,786

TOTAL ASSETS	$	1,068	$	137,423	$	3,295	$	141,786

Operations by Segment for the Three Months Ended June 30, 2022 and 2021

	Corporate			Medical Devices			Authentication and Encryption			Total
	For the Three Months Ended
	June 30, 2022
	Corporate			Medical Devices			Authentication and Encryption			Total

Trade Sales	$	-		$	107,500		$	-		$	107,500

Cost of goods sold		-			10,400			-			10,400

Gross profit		-			97,100			-			97,100

Operating expenses		105,396			317,313			7,518			430,227

Loss from operations	$	(105,396	)	$	(220,213	)	$	(7,518	)	$	(333,127	)

	WCUI			PSI			Stealthco
	For the Three Months Ended
	June 30, 2021
	WCUI			PSI			Stealthco
	Corporate			Medical Devices			Authentication and Encryption			Total

Trade Sales	$	-		$	78,620		$	-		$	78,620

Cost of goods sold		-			10,400			-			10,400

Gross profit		-			68,220			-			68,220

Operating expenses		42,849			226,575			3,242			272,666

Loss from operations	$	(42,849	)	$	(158,355	)	$	(3,242	)	$	(204,446	)

Operations by Segment for the Nine Months Ended June 30, 2022 and 2021

	Corporate			Medical Devices			Authentication and Encryption			Total
	For the Nine Months Ended
	June 30, 2022
	Corporate			Medical Devices			Authentication and Encryption			Total

Trade Sales	$	-		$	372,042		$	-		$	372,042

Cost of goods sold		-			46,800			-			46,800

Gross profit		-			325,242			-			325,242

Operating expenses		208,518			806,657			13,503			1,028,678

Loss from operations	$	(208,518	)	$	(481,415	)	$	(13,503	)	$	(703,436	)

	WCUI			PSI			Stealthco
	For the Nine Months Ended
	June 30, 2021
	WCUI			PSI			Stealthco
	Corporate			Medical Devices			Authentication and Encryption			Total

Trade Sales	$	-		$	220,769		$	-		$	220,769

Cost of goods sold		-			149,450			-			149,450

Gross profit		-			71,319			-			71,319

Operating expenses		138,619			791,589			13,217			943,425

Loss from operations	$	(138,619	)	$	(720,270	)	$	(13,217	)	$	(872,106	)

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Wellness Center USA, Inc. 10-Q