Quarterly report pursuant to Section 13 or 15(d)

Note 15 - Segment And Geographic Areas

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Note 15 - Segment And Geographic Areas
 6 Months Ended
Dec. 31, 2013
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
NOTE 15 – 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 identifiable assets as of December 31, 2013 and June 30, 2013:

   
As of December 31,
2013
   
As of June 30,
2013
 
 Identifiable assets:
           
 Corporate headquarters
  $ 13,590,253     $ 14,450,760  
 North America
    3,665,960       2,997,145  
 Europe
    4,669,758       5,366,611  
 Asia - Pacific
    80,143,292       79,889,599  
 Consolidated
  $ 102,069,263     $ 102,704,115  
                 

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

   
For the Three Months
Ended December 31,
   
For the Six Months
Ended December 31,
 
   
2013
   
2012
   
2013
   
2012
 
 Revenues from unaffiliated customers:
                       
 North America
  $ 1,011,605     $ 953,914     $ 2,229,617     $ 2,667,104  
 Europe
    1,559,880       2,413,328       2,768,382       3,919,329  
 Asia - Pacific
    6,136,517       8,440,427       12,767,139       16,293,136  
 Consolidated
  $ 8,708,002     $ 11,807,669     $ 17,765,138     $ 22,879,569  
                                 
 Net income (loss) after taxes and before non-controlling interest:
                               
 Corporate headquarters
  $ (1,270,154 )   $ (337,502 )   $ (2,420,062 )   $ (1,841,321 )
 North America
    (122,256 )     (280,263 )     (161,996 )     (514,199 )
 Europe
    (297,595 )     690,162       (851,313 )     655,192  
 Asia - Pacific
    (250,808 )     3,616,086       1,029,610       6,650,215  
 Consolidated
  $ (1,940,813 )   $ 3,688,483     $ (2,403,761 )   $ 4,949,887  
                                 

The following table presents a summary of Capital expenditure for six months ended December 31:

   
For the Six Months
Ended December 31,
 
   
2013
   
2012
 
 Capital expenditures:
           
 Corporate headquarters
  $ 4,531     $ 2,157  
 North America
    16,386       41,520  
 Europe
    90,423       13,369  
 Asia - Pacific
    5,948,256       3,480,872  
 Consolidated
  $ 6,059,596     $ 3,537,918