v3.25.4
Segment Information
 3 Months Ended 12 Months Ended
Sep. 30, 2025
Jun. 30, 2025
Segment Reporting [Abstract]    
Segment Information

Note 13 – Segment Information

 

General

 

Operating segments are components of the Company for which discrete financial information is available and whose operating results are regularly reviewed by the chief operating decision maker (“CODM”) to allocate resources and assess performance.

 

Reportable Segments

 

Beginning in fiscal 2026, the Company has three (3) reportable segments:

 

1.Foodservice Packaging Distribution
2.Robotics-as-a-Service (RaaS)
3.Hotel Operations

 

The Hotel Operations segment was established following the Company’s acquisitions of the Victorville and Rancho Mirage hotel businesses during the first quarter of fiscal 2026. This segment includes the results of operations from the Company’s owned hotel properties, including lodging, food and beverage, and related hospitality services.

Other Corporate Overhead represents corporate-level activities and shared services (e.g., public company compliance, executive, finance, legal, IT, and other centralized functions). These activities are not included in the CODM’s evaluation of segment performance, are not considered reportable operating segments, and are presented solely for reconciliation to the consolidated financial statements.

 

Basis of Presentation

 

The CODM evaluates segment performance primarily on revenues and operating income (loss) and also reviews segment assets and liabilities. Segment information is prepared on the same basis as the consolidated financial statements and includes intercompany eliminations.

 

Continuing vs. Discontinued Operations

 

The Company’s legacy Snacks and Beverages operations are presented as discontinued operations and excluded from reportable segments. For comparability, the segment tables separately identify discontinued operations. See Note 14 – Discontinued Operations for further detail.

 

Reconciliations

 

The following tables present financial information for the Company’s reportable segments and include reconciling items — such as Other Corporate Overhead, non-operating items, and discontinued operations — so that the totals reconcile directly to the consolidated statements of operations.

 

 

NIGHTFOOD HOLDINGS, INC. AND SUBSIDIARIES

DBA TECHFORCE ROBOTICS

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025

 

   2025   2024 
   For the Three Months Ended
September 30,		 
   2025   2024 
Revenues        
Foodservice Packaging  $418,043   $- 
RaaS   49,800    - 
Hotel   314,184    - 
Other Corporate Overhead   -    - 
Revenues - continuing operations   782,027    - 
Revenues - discontinued operations   -    24,454 
Total  $782,027   $24,454 
           
Costs and expenses          
Foodservice Packaging  $630,153   $- 
RaaS   440,287    33,258 
Hotel   604,925      
Other Corporate Overhead   1,272,543    185,203 
Costs and expenses - continuing operations   2,947,908    218,461 
Costs and expenses - discontinued operations   1,453    120,280 
Total  $2,949,361   $338,741 
           
Income (loss) from operations          
Foodservice Packaging  $(212,110)  $- 
RaaS   (390,487)   (33,258)
Hotel   (290,741)   - 
Other Corporate Overhead   (1,272,543)   (185,203)
Loss from continuing operations   (2,165,881)   (218,461)
Loss from discontinued operations   (1,453)   (95,826)
Total  $(2,167,334)  $(314,287)
           
Other income (expense) - net          
Foodservice Packaging  $3,159   $- 
RaaS   4,925    17,872 
Hotel   (133,268)   - 
Other Corporate Overhead   (1,403,017)   (468,196)
Other expense  - continuing operations   (1,528,201)   (450,324)
Other expense - discontinued operations   -    - 
Total  $(1,528,201)  $(450,324)
           
Net loss          
Foodservice Packaging  $(208,951)  $- 
RaaS   (385,562)   (15,386)
Hotel   (424,009)   - 
Other Corporate Overhead   (2,675,560)   (653,399)
Net loss from continuing operations   (3,694,082)   (668,785)
Net loss from discontinued operations   (1,453)   (95,826)
Total  $(3,695,535)  $(764,611)

 

 

NIGHTFOOD HOLDINGS, INC. AND SUBSIDIARIES

DBA TECHFORCE ROBOTICS

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025

 

   September 30, 2025   June 30, 2025 
         
Total Assets          
Foodservice Packaging  $5,929,979   $5,986,956 
RaaS   1,261,666    1,299,198 
Hotel   121,512,986    - 
Other Corporate Overhead   89,071    38,380 
Assets - continuing operations   128,793,702    7,324,534 
Assets - discontinued operations   -    - 
Total  $128,793,702   $7,324,534 
           
Total Liabilities          
Foodservice Packaging  $1,644,393   $1,642,420 
RaaS   309,230    275,801 
Hotel   28,997,037    - 
Other Corporate Overhead   20,874,011    9,550,421 
Liabilities - continuing operations   51,824,671    11,468,642 
Liabilities - discontinued operations   450,458    479,005 
Total  $40,350,129   $11,947,647 

 

Note 13 – Segment Information

 

General

 

Operating segments are components of the Company for which discrete financial information is available and whose operating results are regularly reviewed by the chief operating decision maker (“CODM”) to allocate resources and assess performance.

 

Reportable Segments.

 

Beginning in fiscal 2025, the Company has two (2) reportable segments:

 

1.Foodservice Packaging Distribution and;
2.Robotics-as-a-Service (RaaS)

 

Other Corporate Overhead represents corporate-level activities and shared services (e.g., public company compliance, executive, finance, legal, IT, and other centralized functions). These activities are not included in the CODM’s evaluation of segment performance and do not meet the criteria to be separately reportable.

 

Basis of Presentation

 

The CODM evaluates segment performance primarily on revenues and operating income (loss) and also reviews segment assets and liabilities. Segment information is prepared on the same basis as the consolidated financial statements and includes intercompany eliminations.

 

Continuing vs. discontinued operations

 

The Company’s legacy Snacks and Beverages activity is presented as discontinued operations and excluded from reportable segments. For comparability, the segment tables separately identify discontinued operations.

 

See Note 14 – Discontinued Operations for further detail.

 

 

NIGHTFOOD HOLDINGS, INC. AND SUBSIDIARIES

DBA TECHFORCE ROBOTICS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2025 AND 2024

 

Reconciliations

 

The following tables present financial information for the Company’s reportable segments and include reconciling items — such as Other Corporate Overhead, non-operating items, and discontinued operations — so that the totals reconcile directly to the consolidated statements of operations.

 

           
   For the Years Ended June 30, 
   2025   2024 
Revenues        
Foodservice Packaging  $466,633   $- 
RaaS   15,652    - 
Other Corporate Overhead   -    - 
Revenues - continuing operations   482,285    - 
Revenues - discontinued operations   41,551    89,272 
Total  $523,836   $89,272 
           
Costs and expenses          
Foodservice Packaging  $737,980   $- 
RaaS   1,334,997    - 
Other Corporate Overhead   2,956,380    712,052 
Costs and expenses - continuing operations   5,029,357    712,052 
Costs and expenses - discontinued operations   214,443    365,887 
Total  $5,243,800   $1,077,939 
           
Loss from operations          
Foodservice Packaging  $(271,347)  $- 
RaaS   (1,319,345)   - 
Other Corporate Overhead   (2,956,380)   (712,052)
Loss from continuing operations   (4,547,072)   (712,052)
Loss from discontinued operations   (172,892)   (276,615)
Total  $(4,719,964)  $(988,667)
           
Other income (expense) - net          
Foodservice Packaging  $(14,648)  $- 
RaaS   (546,729)   - 
Other Corporate Overhead   (2,827,734)   (2,241,410)
Loss from continuing operations   (3,389,111)   (2,241,410)
Loss from discontinued operations   (6,803)   (5,429)
Total  $(3,395,914)  $(2,246,839)
           
Net loss          
Foodservice Packaging  $(285,995)  $- 
RaaS   (1,866,074)   - 
Other Corporate Overhead   (5,784,115)   (2,953,462)
Net loss from continuing operations   (7,936,184)   (2,953,462)
Net loss from discontinued operations   (179,694)   (282,044)
Total  $(8,115,878)  $(3,235,506)

 

           
   For the Years Ended June 30, 
   2025   2024 
         
Total Assets          
Foodservice Packaging  $5,986,956   $- 
RaaS   1,299,198    - 
Other Corporate Overhead   38,380    1,549,258 
Assets - continuing operations   7,324,534    1,549,258 
Assets - discontinued operations   -    93,363 
Total  $7,324,534   $1,642,621 
           
Total Liabilities          
Foodservice Packaging  $1,642,420   $- 
RaaS   275,801    - 
Other Corporate Overhead   9,550,421    4,618,338 
Liabilities - continuing operations   11,468,642    4,618,338 
Liabilities - discontinued operations   479,005    457,610 
Total  $11,947,647   $5,075,948 

 

 

NIGHTFOOD HOLDINGS, INC. AND SUBSIDIARIES

DBA TECHFORCE ROBOTICS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2025 AND 2024