SEGMENT DISCLOSURES |
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| SEGMENT DISCLOSURES | 4. SEGMENT DISCLOSURES
The Company has identified reportable segments as those consolidated subsidiaries that represent 10% or more of its revenue, EBITDA (as defined below) or total assets, or when the Company believes information about the segment would be useful to the readers of the financial statements. The Company’s chief operating decision maker is its Chief Executive Officer who is charged with management of the Company and is responsible for the evaluation of operating performance and decision making about the allocation of resources to operating segments based on measures, such as revenue and EBITDA.
EBITDA is the primary measure used by the Company’s chief operating decision maker to evaluate segment operating performance. As the Company uses the term, EBITDA is defined as income before interest expense, income taxes, depreciation and amortization. The Company’s chief operating decision maker believes EBITDA is a meaningful measure and is superior to available GAAP measures as it represents a transparent view of the Company’s operating performance that is unaffected by fluctuations in property, equipment and leasehold additions. The Company’s chief operating decision maker uses EBITA to perform periodic reviews and comparison of operating trends and identify strategies to improve the allocation of resources amongst segments.
As of May 31, 2024, the Company’s reportable segments were as follows:
The Other category includes the Company’s corporate headquarters and a less significant operating segment which was the FluidFi acquisition obtained during the year ended August 31, 2023.
Performance Measures of Reportable Segments
Revenue and Net loss of the Company’s reportable segments for the nine months ended May 31, 2024 and 2023 was as follows:
Revenue and Net loss of the Company’s reportable segments for the three months ended May 31, 2024 and 2023 was as follows:
Balance Sheet Data of Reportable Segments
Total assets of the Company’s reportable segments at May 31, 2024 and August 31, 2023 were as follows:
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