Quarterly report [Sections 13 or 15(d)]

OPERATING SEGMENTS (Tables)

v3.25.1
OPERATING SEGMENTS (Tables)
 9 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
SUMMARY OF IDENTIFIABLE ASSETS

The following table presents a summary of identifiable assets as of March 31, 2025 and June 30, 2024:

 

    As of     As of  
    March 31, 2025     June 30, 2024  
Identifiable assets:                
Corporate headquarters   $ 978,584     $ 808,385  
North America     7,696,063       6,114,142  
Europe     10,981,036       9,410,098  
Asia - Pacific     38,487,896       47,853,817  
Consolidated   $ 58,143,579     $ 64,186,442  
SUMMARY OF REVENUE STREAMS

The following table presents a summary of revenue streams by segment for the three months ended March 31, 2025 and 2024:

 

    License fees     Subscription and support     Services     Total     License fees     Subscription and support     Services     Total  
    2025     2024  
    License fees     Subscription and support     Services     Total     License fees     Subscription and support     Services     Total  
                                                 
North America   $ -     $ 1,340,088     $ 2,529,815     $ 3,869,903     $ -     $ 1,161,417     $ 203,657     $  1,365,074  
Europe     1,198       1,215,438       4,678,504       5,895,140       92,925       869,429       2,083,430       3,045,784  
Asia-Pacific     -       5,332,834       2,446,080       7,778,914       465,415       5,109,512       5,478,731       11,053,658  
Total   $ 1,198     $ 7,888,360     $ 9,654,399     $ 17,543,957     $ 558,340     $ 7,140,358     $ 7,765,818     $ 15,464,516  

 

The following table presents a summary of revenue streams by segment for the nine months ended March 31, 2025 and 2024:

 

    License fees     Subscription and support     Services     Total     License fees     Subscription and support     Services     Total  
    2025     2024  
    License fees     Subscription and support     Services     Total     License fees     Subscription and support     Services     Total  
                                                 
North America   $ -     $ 4,208,995     $ 5,736,842     $ 9,945,837     $ -     $ 3,454,455     $ 784,455     $ 4,238,910  
Europe     75,115       3,311,068       8,265,423       11,651,606       101,891       2,457,513       5,520,770       8,080,174  
Asia-Pacific     -       17,203,397       8,878,276       26,081,673       4,727,351       14,568,414       13,329,789       32,625,554  
Total   $ 75,115     $ 24,723,460     $ 22,880,541     $ 47,679,116     $ 4,829,242     $ 20,480,382     $ 19,635,014     $ 44,944,638  
SUMMARY OF OPERATING INFORMATION

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

 

    2025     2024     2025     2024  
   

For the Three Months

Ended March 31,

    

For the Nine Months

Ended March 31,

  
    2025     2024     2025     2024  
Revenues from unaffiliated customers:                                
North America   $ 3,869,903     $ 1,365,074     $ 9,945,837     $ 4,238,910  
Europe     5,895,140       3,045,784       11,651,606       8,080,174  
Asia - Pacific     7,778,914       11,053,658       26,081,673       32,625,554  
Revenues from unaffiliated customers     17,543,957       15,464,516       47,679,116       44,944,638  
Revenue from affiliated customers                                
Asia - Pacific     -       -       -       -  
Revenue from affiliated customers     -       -       -       -  
Consolidated   $ 17,543,957     $ 15,464,516     $ 47,679,116     $ 44,944,638  
                                 
Intercompany revenue                                
Europe   $ (55,939 )   $ 100,315     $ 149,375     $ 300,732  
Asia - Pacific     5,303,033       2,601,585       13,286,176       8,087,181  
Eliminated   $ 5,247,094     $ 2,701,900     $ 13,435,551     $ 8,387,913  
                                 
Net income (loss) after taxes and before non-controlling interest:                                
Corporate headquarters   $ (209,221 )   $ (1,003,157 )   $ (974,367 )   $ (2,229,549 )
North America     859,320       7,679       1,093,581       (61,546 )
Europe     951,208       14,516       (22,468 )     (228,303 )
Asia - Pacific     233,123       1,296,832       769,187       4,109,146  
Consolidated   $ 1,834,430     $ 315,870     $ 865,933     $ 1,589,748  
                               
Depreciation and amortization:                                
North America   $ 824     $ 407     $ 1,894     $ 1,305  
Europe     41,357       58,469       154,216       179,128  
Asia - Pacific     321,322       332,414       945,975       1,170,806  
Consolidated   $ 363,503     $ 391,290     $ 1,102,085     $ 1,351,239  
                                 
Interest expense:                                
Corporate headquarters   $ 13,795     $ 12,028     $ 34,246     $ 24,687  
Europe     -       508       12,059       6,984  
Asia - Pacific     180,947       277,141       643,042       824,345  
Consolidated   $ 194,742     $ 289,677     $ 689,347     $ 856,016  
                                 
Income tax expense:                                
North America   $ 800     $ 800     $ 800     $ 800  
Europe     -       -       -       (93,583 )
Asia - Pacific     150,534       145,769       711,965       511,300  
Consolidated   $ 151,334     $ 146,569     $ 712,765     $ 418,517  
SUMMARY OF CAPITAL EXPENDITURES

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

 

    2025     2024  
    For the Nine Months  
    Ended March 31,  
    2025     2024  
Capital expenditures:                
North America   $ 17,331     $ -  
Europe     72,551       592,432  
Asia - Pacific     807,861       355,905  
Consolidated   $ 897,743     $ 948,337