v3.26.3
Segment Information
 12 Months Ended
Jun. 30, 2026
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 - distribution of foodservice packaging products, conducted through SWC Group, Inc. (d/b/a CarryOutSupplies.com), established through the acquisition of SWC on March 31, 2025.
2.Robotics-as-a-Service (RaaS) - development and deployment of robotics solutions, conducted through TechForceRobotics, Inc. (formerly Skytech Automated Solutions, Inc.) and Future Hospitality Ventures Holdings, Inc.
3.Hotel Operations - ownership and operation of hotel properties, including lodging, food and beverage, and related hospitality services, conducted through Victorville Treasure Holdings, LLC and Treasure Mountain Holdings, LLC, the Company’s wholly owned subsidiaries that own the hotel properties. This segment was established following the acquisitions of the Victorville and Rancho Mirage hotel properties during the first quarter of fiscal 2026.

 

 

NIGHTFOOD HOLDINGS, INC. AND SUBSIDIARIES

DBA TECHFORCE ROBOTICS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2026 AND 2025

 

Corporate overhead represents corporate-level activities and shared services, including public company compliance, executive management, finance and legal. These costs are not included in the CODM’s evaluation of segment performance, are not a reportable segment and are presented as a reconciling item to the consolidated financial statements.

 

Basis of Measurement

 

The CODM evaluates segment performance and allocates resources based on segment revenue and operating income (loss), which the CODM uses in the annual budgeting process and in comparing actual results to budget and forecast. The CODM also reviews total assets and total liabilities by segment. Segment information is prepared on the same basis as the consolidated financial statements. There were no material intersegment transactions during the periods presented.

 

The Company’s legacy Snacks and Beverages operations are presented as discontinued operations and are excluded from the reportable segments. See Note 14.

 

Segment Results

 

The following tables present revenue, costs and expenses, other segment items and operating income (loss) for each reportable segment, with reconciling items, including corporate overhead, non-operating items and discontinued operations, to the consolidated statements of operations. Costs and expenses of the Hotel Operations and Foodservice Packaging segments for the year ended June 30, 2026 include the goodwill impairment charges of $61,537,000 and $2,349,000, respectively, described in Note 9:

 

   2026   2025 
   For the Year Ended June 30, 
   2026   2025 
Revenues        
Foodservice Packaging  $1,609,016   $466,633 
RaaS   62,111    15,652 
Hotel   6,455,902    - 
Other Corporate Overhead   -    - 
Revenues - continuing operations   8,127,029    482,285 
Revenues - discontinued operations   -    41,551 
Total  $8,127,029   $523,836 
           
Costs and expenses          
Foodservice Packaging  $4,985,248   $737,980 
RaaS   3,572,377    1,334,997 
Hotel   70,455,932    - 
Other Corporate Overhead   6,724,287    2,956,380 
Costs and expenses - continuing operations   85,737,844    5,029,357 
Costs and expenses - discontinued operations   156    214,443 
Total  $85,738,000   $5,243,800 
           
Loss from operations          
Foodservice Packaging  $

(3,376,232

)  $(271,347)
RaaS   

(3,510,266

)   (1,319,345)
Hotel   

(64,000,030

)   - 
Other Corporate Overhead   (6,724,287)   (2,956,380)
Loss from continuing operations   (77,610,815)   (4,547,072)
Loss from discontinued operations   (156)   (172,892)
Total  $(77,610,971)  $(4,719,964)
           
Other income (expense) - net          
Foodservice Packaging  $(10,181)  $(14,648)
RaaS   (2,094)   (546,729)
Hotel   (1,782,130)   - 
Other Corporate Overhead   (5,245,942)   (2,827,734)
Other expense - continuing operations   (7,040,347)   (3,389,111)
Other expense - discontinued operations   (3,628)   (6,803)
Total  $(7,043,975)  $(3,395,914)
           
Net loss          
Foodservice Packaging  $(3,386,413)  $(285,995)
RaaS   (3,512,360)   (1,866,074)
Hotel   

(65,782,160

)   - 
Other Corporate Overhead   (11,970,229)   (5,784,114)
Net loss from continuing operations   (84,651,162)   (7,936,183)
Net loss from discontinued operations   (3,784)   (179,695)
Total  $(84,654,946)  $(8,115,878)

 

 

NIGHTFOOD HOLDINGS, INC. AND SUBSIDIARIES

DBA TECHFORCE ROBOTICS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2026 AND 2025

 

   June 30, 2026   June 30, 2025 
         
Total Assets          
Foodservice Packaging  $5,205,915   $5,986,956 
RaaS   2,048,395    1,299,198 
Hotel   56,704,231    - 
Other Corporate Overhead   646,073    38,380 
Assets - continuing operations   64,604,614    7,324,534 
Assets - discontinued operations   -    - 
Total  $64,604,614   $7,324,534 
           
Total Liabilities          
Foodservice Packaging  $3,488,467   $1,642,420 
RaaS   663,258    275,801 
Hotel   29,228,933    - 
Other Corporate Overhead   19,050,453    9,550,421 
Liabilities - continuing operations   52,431,111    11,468,642 
Liabilities - discontinued operations   377,825    479,005 
Total  $52,808,936   $11,947,647