Quarterly report pursuant to Section 13 or 15(d)

Note 15 - Operating Segments

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Note 15 - Operating Segments
 9 Months Ended
Mar. 31, 2014
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
NOTE 15 – OPERATING SEGMENTS

The Company has identified three 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 March 31, 2014 and June 30, 2013:

   
As of March 31,
2014
   
As of June 30,
 2013
 
 Identifiable assets:
           
 Corporate headquarters
  $ 15,913,979     $ 14,450,760  
 North America
    2,540,223       2,997,145  
 Europe
    3,011,908       5,366,611  
 Asia - Pacific
    82,222,139       79,889,599  
 Consolidated
  $ 103,688,249     $ 102,704,115  

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

   
For the Three Months
 Ended March 31,
   
For the Nine Months
 Ended March 31,
 
   
2014
   
2013
   
2014
   
2013
 
 Revenues from unaffiliated customers:
                       
 North America
  $ 1,192,372     $ 2,137,965     $ 3,131,894     $ 4,196,360  
 Europe
    2,217,627       1,842,729       4,986,009       5,762,058  
 Asia - Pacific
    5,953,052       8,625,921       18,720,191       24,919,057  
 Consolidated
  $ 9,363,051     $ 12,606,615     $ 26,838,094     $ 34,877,475  
                                 
 Inter segment revenue
                               
 Europe
  $ 76,641     $ -     $ 413,173     $ -  
 Asia - Pacific
    304,986       442,183       1,224,651       2,107,388  
 Eliminated
  $ 381,627     $ 442,183     $ 1,637,824     $ 2,107,388  
                                 
 Net income (loss) after taxes and before non-controlling interest:
                               
 Corporate headquarters
  $ (1,370,839 )   $ (926,559 )   $ (3,790,901 )   $ (2,767,880 )
 North America
    408,517       1,263,476       624,989       1,749,923  
 Europe
    28,614       160,746       (822,699 )     815,938  
 Asia - Pacific
    (2,858,602 )     2,527,550       (1,828,992 )     9,177,765  
 Discontinued operation
    1,480,786       (493,994 )     1,158,752       (1,494,640 )
 Consolidated
  $ (2,311,524 )   $ 2,531,219     $ (4,658,851 )   $ 7,481,106  

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

   
For the Nine Months
 Ended March 31,
 
   
2014
   
2013
 
 Capital expenditures:
           
 Corporate headquarters
  $ 4,531     $ 4,236  
 North America
    16,388       51,195  
 Europe
    460,053       431,417  
 Asia - Pacific
    9,102,691       6,264,154  
 Consolidated
  $ 9,583,663     $ 6,751,002