| SUMMARY OF IDENTIFIABLE ASSETS |
The following table presents
a summary of identifiable assets as of December 31, 2024 and June 30, 2024:
SUMMARY OF IDENTIFIABLE ASSETS
| |
|
As of |
|
|
As of |
|
| |
|
December 31, 2024 |
|
|
June 30, 2024 |
|
| Identifiable assets: |
|
|
|
|
|
|
|
|
| Corporate headquarters |
|
$ |
906,828 |
|
|
$ |
808,385 |
|
| North America |
|
|
7,246,715 |
|
|
|
6,114,142 |
|
| Europe |
|
|
8,516,144 |
|
|
|
9,410,098 |
|
| Asia - Pacific |
|
|
42,400,442 |
|
|
|
47,853,817 |
|
| Consolidated |
|
$ |
59,070,129 |
|
|
$ |
64,186,442 |
|
| Identifiable
assets |
|
$ |
59,070,129 |
|
|
$ |
64,186,442 |
|
|
| SUMMARY OF REVENUE STREAMS |
The following table presents
a summary of revenue streams by segment for the three months ended December 31, 2024 and 2023:
SUMMARY OF REVENUE STREAMS
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
2024 |
|
|
2023 |
|
| |
|
License fees |
|
|
Subscription and support |
|
|
Services |
|
|
Total |
|
|
License fees |
|
|
Subscription and support |
|
|
Services |
|
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| North America |
|
$ |
- |
|
|
$ |
1,606,262 |
|
|
$ |
1,601,011 |
|
|
$ |
3,207,273 |
|
|
$ |
- |
|
|
$ |
1,168,224 |
|
|
$ |
296,997 |
|
|
$ |
1,465,221 |
|
| Europe |
|
|
72,688 |
|
|
|
1,202,858 |
|
|
|
1,985,634 |
|
|
|
3,261,180 |
|
|
|
4,650 |
|
|
|
874,096 |
|
|
|
1,593,611 |
|
|
|
2,472,357 |
|
| Asia-Pacific |
|
|
- |
|
|
|
5,833,509 |
|
|
|
3,234,699 |
|
|
|
9,068,208 |
|
|
|
2,985,803 |
|
|
|
4,785,461 |
|
|
|
3,529,099 |
|
|
|
11,300,363 |
|
| Total |
|
$ |
72,688 |
|
|
$ |
8,642,629 |
|
|
$ |
6,821,344 |
|
|
$ |
15,536,661 |
|
|
$ |
2,990,453 |
|
|
$ |
6,827,781 |
|
|
$ |
5,419,707 |
|
|
$ |
15,237,941 |
|
The following table presents
a summary of revenue streams by segment for the six months ended December 31, 2024 and 2023:
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
2024 |
|
|
2023 |
|
| |
|
License fees |
|
|
Subscription and support |
|
|
Services |
|
|
Total |
|
|
License fees |
|
|
Subscription and support |
|
|
Services |
|
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| North America |
|
$ |
- |
|
|
$ |
2,868,907 |
|
|
$ |
3,207,027 |
|
|
$ |
6,075,934 |
|
|
$ |
- |
|
|
$ |
2,293,038 |
|
|
$ |
580,798 |
|
|
$ |
2,873,836 |
|
| Europe |
|
|
73,917 |
|
|
|
2,095,630 |
|
|
|
3,586,919 |
|
|
|
5,756,466 |
|
|
|
8,966 |
|
|
|
1,588,084 |
|
|
|
3,437,340 |
|
|
|
5,034,390 |
|
| Asia-Pacific |
|
|
- |
|
|
|
11,870,563 |
|
|
|
6,432,196 |
|
|
|
18,302,759 |
|
|
|
4,261,936 |
|
|
|
9,458,902 |
|
|
|
7,851,058 |
|
|
|
21,571,896 |
|
| Total |
|
$ |
73,917 |
|
|
$ |
16,835,100 |
|
|
$ |
13,226,142 |
|
|
$ |
30,135,159 |
|
|
$ |
4,270,902 |
|
|
$ |
13,340,024 |
|
|
$ |
11,869,196 |
|
|
$ |
29,480,122 |
|
|
| SUMMARY OF OPERATING INFORMATION |
The following table presents
a summary of operating information for the three and six months ended December 31:
SUMMARY OF OPERATING INFORMATION
| |
|
2024 |
|
|
2023 |
|
|
2024 |
|
|
2023 |
|
| |
|
For the Three Months
Ended December 31, |
|
|
For the Six Months
Ended December 31, |
|
| |
|
2024 |
|
|
2023 |
|
|
2024 |
|
|
2023 |
|
| Revenues from unaffiliated customers: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| North America |
|
$ |
3,207,273 |
|
|
$ |
1,465,221 |
|
|
$ |
6,075,934 |
|
|
$ |
2,873,836 |
|
| Europe |
|
|
3,261,180 |
|
|
|
2,472,357 |
|
|
|
5,756,466 |
|
|
|
5,034,390 |
|
| Asia - Pacific |
|
|
9,068,208 |
|
|
|
11,300,363 |
|
|
|
18,302,759 |
|
|
|
21,571,896 |
|
| Revenues from unaffiliated customers |
|
|
15,536,661 |
|
|
|
15,237,941 |
|
|
|
30,135,159 |
|
|
|
29,480,122 |
|
| Revenue from affiliated customers |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Asia - Pacific |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Revenue from affiliated
customers |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Consolidated |
|
$ |
15,536,661 |
|
|
$ |
15,237,941 |
|
|
$ |
30,135,159 |
|
|
$ |
29,480,122 |
|
| Revenue |
|
$ |
15,536,661 |
|
|
$ |
15,237,941 |
|
|
$ |
30,135,159 |
|
|
$ |
29,480,122 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Intercompany revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Europe |
|
$ |
188,756 |
|
|
$ |
100,100 |
|
|
$ |
205,314 |
|
|
$ |
200,417 |
|
| Asia - Pacific |
|
|
4,713,799 |
|
|
|
2,865,277 |
|
|
|
7,983,143 |
|
|
|
5,485,596 |
|
| Eliminated |
|
$ |
4,902,555 |
|
|
$ |
2,965,377 |
|
|
$ |
8,188,457 |
|
|
$ |
5,686,013 |
|
| Revenue |
|
$ |
4,902,555 |
|
|
$ |
2,965,377 |
|
|
$ |
8,188,457 |
|
|
$ |
5,686,013 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income (loss) after taxes and before non-controlling interest: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Corporate headquarters |
|
$ |
(103,088 |
) |
|
$ |
(922,670 |
) |
|
$ |
(765,146 |
) |
|
$ |
(1,226,392 |
) |
| North America |
|
|
(380,582 |
) |
|
|
(13,278 |
) |
|
|
234,261 |
|
|
|
(69,225 |
) |
| Europe |
|
|
(450,678 |
) |
|
|
(150,935 |
) |
|
|
(973,676 |
) |
|
|
(242,819 |
) |
| Asia - Pacific |
|
|
(251,858 |
) |
|
|
2,069,698 |
|
|
|
536,064 |
|
|
|
2,812,314 |
|
| Consolidated |
|
$ |
(1,186,206 |
) |
|
$ |
982,815 |
|
|
$ |
(968,497 |
) |
|
$ |
1,273,878 |
|
| Net
income (loss) after taxes and before non-controlling interest |
|
$ |
(1,186,206 |
) |
|
$ |
982,815 |
|
|
$ |
(968,497 |
) |
|
$ |
1,273,878 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and amortization: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| North America |
|
$ |
599 |
|
|
$ |
407 |
|
|
$ |
1,070 |
|
|
$ |
898 |
|
| Europe |
|
|
53,179 |
|
|
|
57,758 |
|
|
|
112,859 |
|
|
|
120,659 |
|
| Asia - Pacific |
|
|
318,807 |
|
|
|
370,998 |
|
|
|
624,653 |
|
|
|
838,392 |
|
| Consolidated |
|
$ |
372,585 |
|
|
$ |
429,163 |
|
|
$ |
738,582 |
|
|
$ |
959,949 |
|
| Depreciation and amortization |
|
$ |
372,585 |
|
|
$ |
429,163 |
|
|
$ |
738,582 |
|
|
$ |
959,949 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest expense: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Corporate headquarters |
|
$ |
11,059 |
|
|
$ |
6,538 |
|
|
$ |
20,451 |
|
|
$ |
12,659 |
|
| Europe |
|
|
12,059 |
|
|
|
1,834 |
|
|
|
12,059 |
|
|
|
6,476 |
|
| Asia - Pacific |
|
|
213,268 |
|
|
|
281,950 |
|
|
|
462,095 |
|
|
|
547,204 |
|
| Consolidated |
|
$ |
236,386 |
|
|
$ |
290,322 |
|
|
$ |
494,605 |
|
|
$ |
566,339 |
|
| Interest
expense |
|
$ |
236,386 |
|
|
$ |
290,322 |
|
|
$ |
494,605 |
|
|
$ |
566,339 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income tax expense: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Europe |
|
$ |
- |
|
|
$ |
(93,583 |
) |
|
$ |
- |
|
|
$ |
(93,583 |
) |
| Asia - Pacific |
|
|
331,614 |
|
|
|
243,636 |
|
|
|
561,431 |
|
|
|
365,531 |
|
| Consolidated |
|
$ |
331,614 |
|
|
$ |
150,053 |
|
|
$ |
561,431 |
|
|
$ |
271,948 |
|
| Income tax expense
|
|
$ |
331,614 |
|
|
$ |
150,053 |
|
|
$ |
561,431 |
|
|
$ |
271,948 |
|
|