| SUMMARY OF IDENTIFIABLE ASSETS |
The
following table presents a summary of identifiable assets as of September 30, 2022 and June 30, 2022:
SUMMARY OF IDENTIFIABLE ASSETS
| |
|
As of |
|
|
As of |
|
| |
|
September 30, 2022 |
|
|
June 30, 2022 |
|
| Identifiable assets: |
|
|
|
|
|
|
|
|
| Corporate headquarters |
|
$ |
1,758,935 |
|
|
$ |
844,178 |
|
| North America |
|
|
6,548,741 |
|
|
|
6,442,219 |
|
| Europe |
|
|
8,354,174 |
|
|
|
8,727,530 |
|
| Asia - Pacific |
|
|
49,783,782 |
|
|
|
56,594,705 |
|
| Consolidated |
|
$ |
66,445,632 |
|
|
$ |
72,608,632 |
|
|
| SUMMARY OF INVESTMENT UNDER EQUITY METHOD |
The
following table presents a summary of investment under equity method as of September 30, 2022 and June 30, 2022:
SUMMARY OF INVESTMENT UNDER EQUITY METHOD
| |
|
As of |
|
|
As of |
|
| |
|
September 30, 2022 |
|
|
June 30, 2022 |
|
| Investment in associates under equity method: |
|
|
|
|
|
|
|
|
| Corporate headquarters |
|
$ |
- |
|
|
$ |
- |
|
| Asia - Pacific |
|
|
1,059,368 |
|
|
|
1,059,368 |
|
| Consolidated |
|
$ |
1,059,368 |
|
|
$ |
1,059,368 |
|
|
| SUMMARY OF OPERATING INFORMATION |
The
following table presents a summary of operating information for the three months ended September 30:
SUMMARY OF OPERATING INFORMATION
| |
|
For the Three Months |
|
| |
|
Ended September 30, |
|
| |
|
2022 |
|
|
2021 |
|
| Revenues from unaffiliated customers: |
|
|
|
|
|
|
|
|
| North America |
|
$ |
1,125,288 |
|
|
$ |
930,234 |
|
| Europe |
|
|
2,247,335 |
|
|
|
3,272,899 |
|
| Asia - Pacific |
|
|
9,333,496 |
|
|
|
9,217,628 |
|
| |
|
|
12,706,119 |
|
|
|
13,420,761 |
|
| Revenue from affiliated customers |
|
|
|
|
|
|
|
|
| Asia - Pacific |
|
|
- |
|
|
|
- |
|
| |
|
|
- |
|
|
|
- |
|
| Consolidated |
|
$ |
12,706,119 |
|
|
$ |
13,420,761 |
|
| |
|
|
|
|
|
|
|
|
| Intercompany revenue |
|
|
|
|
|
|
|
|
| Europe |
|
$ |
95,725 |
|
|
$ |
127,198 |
|
| Asia - Pacific |
|
|
1,729,953 |
|
|
|
2,560,100 |
|
| Eliminated |
|
$ |
1,825,678 |
|
|
$ |
2,687,298 |
|
| |
|
|
|
|
|
|
|
|
| Net income (loss) after taxes and before non-controlling interest: |
|
|
|
|
|
|
|
|
| Corporate headquarters |
|
$ |
1,327,200 |
|
|
$ |
128,544 |
|
| North America |
|
|
(18,947 |
) |
|
|
(68,093 |
) |
| Europe |
|
|
(319,755 |
) |
|
|
191,443 |
|
| Asia - Pacific |
|
|
(1,426,469 |
) |
|
|
298,601 |
|
| Consolidated |
|
$ |
(437,971 |
) |
|
$ |
550,495 |
|
| |
|
|
|
|
|
|
|
|
| Depreciation and amortization: |
|
|
|
|
|
|
|
|
| North America |
|
$ |
482 |
|
|
$ |
566 |
|
| Europe |
|
|
75,171 |
|
|
|
98,848 |
|
| Asia - Pacific |
|
|
769,350 |
|
|
|
880,592 |
|
| Consolidated |
|
$ |
845,003 |
|
|
$ |
980,006 |
|
| |
|
|
|
|
|
|
|
|
| Interest expense: |
|
|
|
|
|
|
|
|
| Corporate headquarters |
|
$ |
2,480 |
|
|
$ |
10,441 |
|
| North America |
|
|
- |
|
|
|
- |
|
| Europe |
|
|
3,638 |
|
|
|
3,796 |
|
| Asia - Pacific |
|
|
115,492 |
|
|
|
86,776 |
|
| Consolidated |
|
$ |
121,610 |
|
|
$ |
101,013 |
|
| |
|
|
|
|
|
|
|
|
| Income tax expense: |
|
|
|
|
|
|
|
|
| Corporate headquarters |
|
$ |
- |
|
|
$ |
800 |
|
| North America |
|
|
- |
|
|
|
1,600 |
|
| Europe |
|
|
- |
|
|
|
- |
|
| Asia - Pacific |
|
|
193,348 |
|
|
|
165,227 |
|
| Consolidated |
|
$ |
193,348 |
|
|
$ |
167,627 |
|
|
| SUMMARY OF CAPITAL EXPENDITURES |
The
following table presents a summary of capital expenditures for the three months ended September 30:
SUMMARY OF CAPITAL EXPENDITURES
| |
|
For the Three Months |
|
| |
|
Ended September 30, |
|
| |
|
2022 |
|
|
2021 |
|
| Capital expenditures: |
|
|
|
|
|
|
|
|
| North America |
|
$ |
1,133 |
|
|
$ |
- |
|
| Europe |
|
|
- |
|
|
|
54,380 |
|
| Asia - Pacific |
|
|
1,346,468 |
|
|
|
161,732 |
|
| Consolidated |
|
$ |
1,347,601 |
|
|
$ |
216,112 |
|
|