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
 9 Months Ended
Mar. 31, 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 intracompany 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 nine months ended March 31:

   
2012
   
2011
 
 Revenues from unaffiliated customers:
           
 North America
  $ 3,295,569     $ 3,178,726  
 Europe
    4,370,681       6,284,120  
 Asia - Pacific
    17,779,058       20,192,921  
 Consolidated
  $ 25,445,308     $ 29,655,767  
                 
 Operating income (loss):
               
 Corporate headquarters
  $ (2,409,184 )   $ (2,716,297 )
 North America
    272,796       1,108,925  
 Europe
    464,297       3,027,779  
 Asia - Pacific
    4,226,333       9,308,904  
 Consolidated
  $ 2,554,242     $ 10,729,311  
                 
Net income (loss) after taxes and before non-controlling interest:
         
 Corporate headquarters
  $ (3,157,229 )   $ (3,843,366 )
 North America
    272,233       1,092,798  
 Europe
    507,471       2,929,300  
 Asia - Pacific
    4,558,494       10,113,143  
 Consolidated
  $ 2,180,969     $ 10,291,875  
                 
 Identifiable assets:
               
 Corporate headquarters
  $ 15,921,658     $ 17,378,180  
 North America
    3,431,800       1,726,918  
 Europe
    7,190,639       7,371,237  
 Asia - Pacific
    64,868,497       60,902,121  
 Consolidated
  $ 91,412,594     $ 87,378,456  
                 
 Depreciation and amortization:
               
 Corporate headquarters
  $ 53,130     $ 460,617  
 North America
    234,943       383,200  
 Europe
    559,073       535,116  
 Asia - Pacific
    2,468,996       1,619,510  
 Consolidated
  $ 3,316,142     $ 2,998,443  
                 
 Capital expenditures:
               
 Corporate headquarters
  $ 3,170     $ -  
 North America
    13,686       55,098  
 Europe
    578,537       1,014  
 Asia - Pacific
    3,134,178       6,186,287  
 Consolidated
  $ 3,729,571     $ 6,242,399  

Net revenues by our various products and services provided for the period ended March 31, are as follows:

   
2012
   
2011
 
 Licensing Fees
  $ 6,092,203     $ 10,259,027  
 Maintenance Fees
    5,983,073       5,589,746  
 Services
    13,370,032       13,806,994  
 Total
  $ 25,445,308     $ 29,655,767