Quarterly report pursuant to Section 13 or 15(d)

Operating Segments (Tables)

v3.21.1
Operating Segments (Tables)
9 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Summary of Identifiable Assets

The following table presents a summary of identifiable assets as of March 31, 2021 and June 30, 2020:

 

    As of     As of  
    March 31, 2021     June 30, 2020  
Identifiable assets:                
Corporate headquarters   $ 2,262,773     $ 4,508,724  
North America     5,798,737       5,949,653  
Europe     10,928,592       10,856,814  
Asia - Pacific     69,325,685       67,157,898  
Consolidated   $ 88,315,787     $ 88,473,089
Summary of Investment Under Equity Method

The following table presents a summary of investment under equity method as of March 31, 2021 and June 30, 2020:

 

    As of     As of  
    March 31, 2021     June 30, 2020  
Investment in associates under equity method:                
Corporate headquarters   $ 401,307     $ 473,692  
Asia - Pacific     2,794,673       1,914,000  
Consolidated   $ 3,195,980     $ 2,387,692
Summary of Operating Information

The following table presents a summary of operating information for the three and nine months ended March 31:

 

    For the Three Months     For the Nine Months  
    Ended March 31,     Ended March 31,  
    2021     2020     2021     2020  
Revenues from unaffiliated customers:                                
North America   $ 1,008,011     $ 1,210,187     $ 2,837,445     $ 3,464,705  
Europe     2,748,945       2,791,238       8,627,042       8,225,906  
Asia - Pacific     10,027,040       9,467,570       28,088,347       30,900,462  
      13,783,996       13,468,995       39,552,834       42,591,073  
Revenue from affiliated customers                                
Asia - Pacific     -       61,842       -       202,199  
      -       61,842       -       202,199  
Consolidated   $ 13,783,996     $ 13,530,837     $ 39,552,834     $ 42,793,272  
                                 
Intercompany revenue                                
Europe   $ 160,970     $ 143,814     $ 426,883     $ 455,040  
Asia - Pacific     3,810,340       2,048,652       9,094,697       5,618,855  
Eliminated   $ 3,971,310     $ 2,192,466     $ 9,521,580     $ 6,073,895  
                                 
Net income (loss) after taxes and before non-controlling interest:                                
Corporate headquarters   $ (804,636 )   $ 240,294     $ 1,536,305     $ (1,003,798 )
North America     57,460       134,390       (271,356 )     230,738  
Europe     (474,629 )     122,974       301,472       927,717  
Asia - Pacific     246,635       971,435       (1,497,302 )     (399,887 )
Consolidated   $ (975,170 )   $ 1,469,093     $ 69,119     $ (245,230 )
Summary of Capital Expenditures

The following table presents a summary of capital expenditures for the nine months ended March 31:

 

    For the Nine Months  
    Ended March 31,  
    2021     2020  
Capital expenditures:                
North America   $ 1,520     $ 2,404  
Europe     388,367       487,693  
Asia - Pacific     1,719,171       521,188  
Consolidated   $ 2,109,058     $ 1,011,285