Quarterly report pursuant to Section 13 or 15(d)

OPERATING SEGMENTS (Tables)

v3.23.3
OPERATING SEGMENTS (Tables)
 3 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
SUMMARY OF IDENTIFIABLE ASSETS

The following table presents a summary of identifiable assets as of September 30, 2023 and June 30, 2023:

 

    As of     As of  
    September 30,
2023		     June 30,
2023		  
Identifiable assets:                
Corporate headquarters   $ 829,095     $ 878,899  
North America     7,107,857       7,344,122  
Europe     8,756,636       8,716,656  
Asia - Pacific     39,171,445       41,439,733  
Consolidated   $ 55,865,033     $ 58,379,410  
SUMMARY OF REVENUE STREAMS

The following table presents a summary of revenue streams by segment for the three months ended September 30, 2023 and 2022:

 

    License fees     Subscription and support     Services     Total     License fees     Subscription and support     Services     Total  
    2023     2022  
    License fees     Subscription and support     Services     Total     License fees     Subscription and support     Services     Total  
                                                 
North America   $ -     $ 1,124,814     $ 283,801       1,408,615     $ 14,000     $ 1,065,048     $ 46,240       1,125,288  
Europe     4,316       713,988       1,843,729       2,562,033       48,355       493,543       1,705,437       2,247,335  
Asia-Pacific     1,276,133       4,673,441       4,321,959       10,271,533       187,605       4,458,243       4,687,648       9,333,496  
Total   $ 1,280,449     $ 6,512,243     $ 6,449,489     $ 14,242,181     $ 249,960     $ 6,016,834     $ 6,439,325     $ 12,706,119  
SUMMARY OF OPERATING INFORMATION

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

 

    2023     2022  
    For the Three Months  
    Ended September 30,  
    2023     2022  
Revenues from unaffiliated customers:                
North America   $ 1,408,615     $ 1,125,288  
Europe     2,562,033       2,247,335  
Asia - Pacific     10,271,533       9,333,496  
Revenue from unaffiliated     14,242,181       12,706,119  
Revenue from affiliated customers                
Asia - Pacific     -       -  
Revenue from affiliated     -       -  
Consolidated   $ 14,242,181     $ 12,706,119  
                 
Intercompany revenue                
Europe   $ 100,317     $ 95,725  
Asia - Pacific     2,620,319       1,729,953  
Eliminated   $ 2,720,636     $ 1,825,678  
                 
Net income (loss) after taxes and before non-controlling interest:                
Corporate headquarters   $ (303,722 )   $ 1,327,200  
North America     (55,947 )     (18,947 )
Europe     (91,884 )     (319,755 )
Asia - Pacific     742,616       (1,426,469 )
Consolidated   $ 291,063     $ (437,971 )
                 
Depreciation and amortization:                
North America   $ 491     $ 482  
Europe     62,901       75,171  
Asia - Pacific     467,394       769,350  
Consolidated   $ 530,786     $ 845,003  
                 
Interest expense:                
Corporate headquarters   $ 6,121     $ 2,480  
Europe     4,642       3,638  
Asia - Pacific     265,254       115,492  
Consolidated   $ 276,017     $ 121,610  
                 
Income tax expense:                
Asia - Pacific   $ 121,895     $ 193,348  
Consolidated   $ 121,895     $ 193,348  
SUMMARY OF CAPITAL EXPENDITURES

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

 

    2023     2022  
    For the Three Months  
    Ended September 30,  
    2023     2022  
Capital expenditures:                
North America   $ -     $ 1,133  
Europe     333,754       -  
Asia - Pacific     37,876       1,346,468  
Consolidated   $ 371,630     $ 1,347,601