Quarterly report pursuant to Section 13 or 15(d)

Note 17 - Segment And Geographic Areas

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Note 17 - Segment And Geographic Areas
 3 Months Ended
Sep. 30, 2012
Segment Reporting Disclosure [Text Block]
NOTE 17 – SEGMENT AND GEOGRAPHIC AREAS

The Company has identified three global regions or segments for its products and services; North America, Europe, and Asia-Pacific.  Our reportable segments are business units located in different global regions. Each business unit provides similar products and services; license fees for leasing and asset-based software, related maintenance fees, and implementation and IT consulting services.  Separate management of each segment is required because each business unit is subject to different operational issues and strategies due to their particular regional location.  We account for intra-company sales and expenses as if the sales or expenses were to third parties and eliminate them in the consolidation.  The following table presents a summary of operating information and certain balance sheet information for the three months ended September 30:

   
2012
   
2011
 
 Revenues from unaffiliated customers:
           
 North America
  $ 1,713,190     $ 909,069  
 Europe
    1,506,001       916,619  
 Asia - Pacific
    7,852,709       4,403,020  
 Consolidated
  $ 11,071,900     $ 6,228,708  
                 
 Operating income (loss):
               
 Corporate headquarters
  $ (900,725 )   $ (905,143 )
 North America
    (233,685 )     28,714  
 Europe
    (23,805 )     (128,395 )
 Asia - Pacific
    2,660,161       178,382  
 Consolidated
  $ 1,501,946     $ (826,442 )
                 
Net income (loss) after taxes and before non-controlling interest:
         
 Corporate headquarters
  $ (1,503,819 )   $ (1,208,576 )
 North America
    (233,936 )     28,526  
 Europe
    (34,970 )     (58,419 )
 Asia - Pacific
    3,034,129       (82,981 )
 Consolidated
  $ 1,261,404     $ (1,321,450 )
                 
 Identifiable assets:
               
 Corporate headquarters
  $ 14,163,394     $ 14,310,339  
 North America
    3,242,885       1,856,622  
 Europe
    5,989,190       4,184,885  
 Asia - Pacific
    73,165,459       60,877,049  
 Consolidated
  $ 96,560,928     $ 81,228,895  
                 
 Depreciation and amortization:
               
 Corporate headquarters
  $ 33,889     $ 17,705  
 North America
    159,901       75,434  
 Europe
    226,983       121,448  
 Asia - Pacific
    879,379       766,191  
 Consolidated
  $ 1,300,152     $ 980,778  
                 
 Capital expenditures:
               
 Corporate headquarters
  $ 720     $ -  
 North America
    36,646       1,444  
 Europe
    13,370       -  
 Asia - Pacific
    1,406,398       1,426,440  
 Consolidated
  $ 1,457,134     $ 1,427,884  

Net revenues by our various products and services provided for the period ended September 30, are as follows:

   
2012
   
2011
 
 Licensing Fees
  $ 3,241,501     $ 1,075,850  
 Maintenance Fees
    2,045,706       2,037,206  
 Services
    5,784,693       3,115,652  
 Total
  $ 11,071,900     $ 6,228,708