v3.26.3
Segments of operations
 12 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segments of operations

3. Segments of operations

 

The Company’s chief operating decision maker is the Company’s Chief Executive Officer (the “CODM”), who makes resource allocation decisions and assesses performance based on financial information prepared on a consolidated basis, accompanied by disaggregated information about revenues, gross profit (loss) and operating loss by the one identified reportable segment.

 

The Company’s reportable segments consist of only one segment,   which is the Gym Equipment segment. Operating loss for the segment includes revenues from third parties, cost of goods sold and operating expenses directly attributable to the segment.

 

The accounting policies of the segment is the same as those described in Note 2, “Summary of Significant Accounting Policies.”

 

   Gym Equipment   Total 
   For the fiscal year ended June 30, 2026 
   Gym Equipment   Total 
         
Revenue  $5,609,615   $5,609,615 
Cost of Goods Sold   (5,129,025)   (5,129,025)
Segment Gross Profit   480,590    480,590 
           
Loss before taxes  $(17,275,818)  $(17,275,818)
           
Supplemental Segment Information:          
Amortization of operating right of use assets   (434,880)   (434,880)
Depreciation expenses   (25,907)   (25,907)
Unrealized loss on digital assets   (2,819,151)   (2,819,151)
Realized loss on digital assets   (2,974,088)   (2,974,088)
Financing cost   (800,000)   (600,000)
           
Unrealized loss on investments in fund   (39,910)   (39,910)
Gain on fair value of convertible notes   3,681,139    3,681,139 
Staking reward income   94,633    94,633 
Loss on extinguishment of debts   (4,818,933)   (4,818,933)
Loss on issuance of derivative and common stock   (1,510,307)   (1,510,307)
Gain on change in fair value of derivative liability   66,754    66,754 
Interest income   171,909    171,909 
Interest expense   (1,204,645)   (1,204,645)
           
Total Assets  $71,456,618   $71,456,618 

 

   Gym Equipment   Total 
   For the fiscal year ended June 30, 2025 
   Gym Equipment   Total 
         
Revenue  $5,200,138   $5,200,138 
Cost of Goods Sold   (3,157,996)   (3,157,996)
Segment Gross Profit   2,042,142    2,042,142 
           
Loss before taxes  $(349,227)  $(349,227)
           
Supplemental Segment Information:          
Amortization of operating right of use assets   (303,869)   (303,869)
Depreciation expense   (9,467)   (9,467)
Change in fair value of warrants   2,024,942    2,024,942 
Loss on extinguishment of warrants   (285,346)   (285,346)
Financing cost   (600,000)   (600,000)
Realized gain on investments   50,675    50,675 
           
Interest income   215,586    215,586 
Interest expense   (114,006)   (114,006)
           
Total Assets  $11,395,509   $11,395,509 

 

Geographic Information

 

The Company attributes revenue to geographic areas based on the principal place of business of its customers at the time revenue is recognized.

 

For the years ended June 30, 2026 and 2025, all of the Company’s revenues were generated from customers located in Australia. No revenues were generated from customers located in the United States.

 

The following table presents revenues by geographic area:

 

   2026   2025 
   For the fiscal year ended June 30 
   2026   2025 
         
United States  $-   $- 
Australia   5,609,615    5,200,138 
Total revenues   5,609,615    5,200,138 

 

The following table presents long-lived assets by geographic area. Long-lived assets mainly consist of property and equipment, operating lease right-of-use assets, note receivables and digital assets.

 

   2026   2025 
   For the fiscal year ended June 30 
   2026   2025 
         
United States  $36,611,405   $- 
Australia   6,009,112    1,806,000 
Total long-lived assets   42,620,517    1,806,000 

 

 

GMEX ROBOTICS CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS