| Summary of Identifiable Assets |
The
following table presents a summary of identifiable assets as of June 30, 2019 and 2018:
| |
|
2019 |
|
|
2018 |
|
| Identifiable assets: |
|
|
|
|
|
|
|
|
| Corporate headquarters |
|
$ |
2,947,727 |
|
|
$ |
2,839,049 |
|
| North America |
|
|
5,730,928 |
|
|
|
5,764,042 |
|
| Europe |
|
|
8,399,033 |
|
|
|
7,242,080 |
|
| Asia - Pacific |
|
|
70,419,331 |
|
|
|
83,929,110 |
|
| Consolidated |
|
$ |
87,497,019 |
|
|
$ |
99,774,281 |
|
|
| Summary of Operating Information |
The
following table presents a summary of operating information for the years ended June 30:
| |
|
2019 |
|
|
2018 |
|
| Revenues from unaffiliated customers: |
|
|
|
|
|
|
|
|
| North America |
|
$ |
3,947,407 |
|
|
$ |
4,036,626 |
|
| Europe |
|
|
8,084,761 |
|
|
|
6,767,845 |
|
| Asia - Pacific |
|
|
54,019,594 |
|
|
|
43,788,074 |
|
| |
|
|
66,051,762 |
|
|
|
54,592,545 |
|
| Revenue from affiliated customers |
|
|
|
|
|
|
|
|
| Europe |
|
|
1,063,404 |
|
|
|
2,111,315 |
|
| Asia - Pacific |
|
|
704,017 |
|
|
|
4,226,398 |
|
| |
|
|
1,767,421 |
|
|
|
6,337,713 |
|
| Consolidated |
|
$ |
67,819,183 |
|
|
$ |
60,930,258 |
|
| |
|
|
|
|
|
|
|
|
| Intercompany revenue |
|
|
|
|
|
|
|
|
| Europe |
|
$ |
574,517 |
|
|
$ |
545,330 |
|
| Asia - Pacific |
|
|
7,511,236 |
|
|
|
2,729,173 |
|
| Eliminated |
|
$ |
8,085,753 |
|
|
$ |
3,274,503 |
|
| |
|
|
|
|
|
|
|
|
| Net income (loss) after taxes and before non-controlling interest: |
|
|
|
|
|
|
|
|
| Corporate headquarters |
|
$ |
(2,296,409 |
) |
|
$ |
(1,899,110 |
) |
| North America |
|
|
(756,510 |
) |
|
|
(237,708 |
) |
| Europe |
|
|
1,473,274 |
|
|
|
1,059,823 |
|
| Asia - Pacific |
|
|
13,597,185 |
|
|
|
8,226,973 |
|
| Consolidated |
|
$ |
12,017,540 |
|
|
$ |
7,149,978 |
|
| |
|
|
|
|
|
|
|
|
| Depreciation and amortization: |
|
|
|
|
|
|
|
|
| North America |
|
$ |
26,275 |
|
|
$ |
43,049 |
|
| Europe |
|
|
329,671 |
|
|
|
249,256 |
|
| Asia - Pacific |
|
|
4,067,711 |
|
|
|
5,281,169 |
|
| Consolidated |
|
$ |
4,423,657 |
|
|
$ |
5,573,474 |
|
| |
|
|
|
|
|
|
|
|
| Interest expense: |
|
|
|
|
|
|
|
|
| Corporate headquarters |
|
$ |
14,074 |
|
|
$ |
10,402 |
|
| North America |
|
|
- |
|
|
|
113 |
|
| Europe |
|
|
6,876 |
|
|
|
15,628 |
|
| Asia - Pacific |
|
|
290,848 |
|
|
|
396,184 |
|
| Consolidated |
|
$ |
311,798 |
|
|
$ |
422,327 |
|
| |
|
|
|
|
|
|
|
|
| Income tax expense: |
|
|
|
|
|
|
|
|
| Corporate headquarters |
|
$ |
1,837 |
|
|
$ |
- |
|
| Europe |
|
|
320,263 |
|
|
|
(8,435 |
) |
| Asia - Pacific |
|
|
735,684 |
|
|
|
881,462 |
|
| Consolidated |
|
$ |
1,057,784 |
|
|
$ |
873,027 |
|
|