Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v2.4.0.8
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
 3 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Net Revenues:    
License fees $ 1,584,553 $ 2,252,567
Maintenance fees 2,848,641 2,380,409
Services 4,397,957 3,320,223
Services - related party 1,396,000 967,543
Total net revenues 10,227,151 8,920,742
Cost of revenues:    
Salaries and consultants 4,116,217 3,259,791
Travel 421,871 388,585
Depreciation and amortization 1,801,567 926,315
Other 674,863 688,544
Total cost of revenues 7,014,518 5,263,235
Gross profit 3,212,633 3,657,507
Operating expenses:    
Selling and marketing 1,132,360 1,055,141
Depreciation and amortization 580,773 426,617
General and administrative 3,675,755 3,407,000
Research and development cost 66,265 58,688
Total operating expenses 5,455,153 4,947,446
Loss from operations (2,242,520) (1,289,939)
Other income and (expenses)    
Loss on sale of assets (11,052) (13,795)
Interest expense (73,093) (69,217)
Interest income 57,919 32,854
Gain on foreign currency exchange transactions 79,220 1,111,423
Other income 379 9,798
Total other income (expenses) 53,373 1,071,063
Net loss before income taxes (2,189,147) (218,876)
Income tax provision (40,076) (11,131)
Net loss from continuing operations (2,229,223) (230,007)
Loss from discontinued operations   (201,249)
Net loss (2,229,223) (431,256)
Non-controlling interest 391,197 (665,859)
Net income (loss) (1,838,026) (1,097,115)
Net loss per share from continuing operations:    
Basic (in Dollars per share) $ (0.20) $ (0.10)
Diluted (in Dollars per share) $ (0.20) $ (0.10)
Net loss per share from discontinued operations:    
Basic (in Dollars per share)   $ (0.02)
Diluted (in Dollars per share)   $ (0.02)
Net loss per common share    
Basic (in Dollars per share) $ (0.20) $ (0.12)
Diluted (in Dollars per share) $ (0.20) $ (0.12)
Weighted average number of shares outstanding    
Basic (in Shares) 9,213,324 8,956,007
Diluted (in Shares) 9,213,324 8,956,007
Loss from continuing operations (1,838,026) (895,866)
Loss from discontinued operations   $ (201,249)