Quarterly report pursuant to Section 13 or 15(d)

Operating Segments (Tables)

v3.19.3
Operating Segments (Tables)
3 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Summary of Identifiable Assets

The following table presents a summary of identifiable assets as of September 30, 2019 and June 30, 2019:

 

    As of     As of  
    September 30, 2019     June 30, 2019  
Identifiable assets:                
Corporate headquarters   $ 3,889,608     $ 2,947,727  
North America     5,797,752       5,730,928  
Europe     9,260,282       8,399,033  
Asia - Pacific     69,431,740       70,419,331  
Consolidated   $ 88,379,382     $ 87,497,019  

Summary of Investment Under Equity Method

The following table presents a summary of investment under equity method as of September 30, 2019 and June 30, 2019:

 

    As of     As of  
    September 30, 2019     June 30, 2019  
Investment in associates under equity method:                
Corporate headquarters   $ 630,186     $ 686,504  
Asia - Pacific     1,830,684       1,967,265  
Consolidated   $ 2,460,870     $ 2,653,769  

Summary of Operating Information

The following table presents a summary of operating information for the three months ended September 30:

 

    For the Three Months  
    Ended September 30,  
    2019     2018  
Revenues from unaffiliated customers:                
North America   $ 977,175     $ 843,085  
Europe     2,592,339       1,919,934  
Asia - Pacific     9,919,969       13,403,395  
      13,489,483       16,166,414  
Revenue from affiliated customers                
Asia - Pacific     82,933       230,131  
      82,933       230,131  
Consolidated   $ 13,572,416     $ 16,396,545  
                 
Intercompany revenue                
Europe   $ 146,825     $ 138,653  
Asia - Pacific     1,064,766       3,192,386  
Eliminated   $ 1,211,591     $ 3,331,039  
                 
Net income (loss) after taxes and before non-controlling interest:                
Corporate headquarters   $ (864,210 )   $ (1,218,387 )
North America     (57,987 )     (178,630 )
Europe     381,094       174,088  
Asia - Pacific     (1,720,156 )     2,504,064  
Consolidated   $ (2,261,259 )   $ 1,281,135  

Summary of Capital Expenditures

The following table presents a summary of capital expenditures for the three months ended September 30:

 

    For the Three Months  
    Ended September 30,  
    2019     2018  
Capital expenditures:                
North America   $ -     $ -  
Europe     31,852       98,444  
Asia - Pacific     289,273       464,969  
Consolidated   $ 321,125     $ 563,413