Quarterly report pursuant to Section 13 or 15(d)

Note 15 - Operating Segments

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Note 15 - Operating Segments
 3 Months Ended
Sep. 30, 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. The Company accounts for intra-company sales and expenses as if the sales or expenses were to third parties and eliminates them in the consolidation.  The following table presents a summary of identifiable assets as of September 30, 2014 and June 30, 2014:

   
As of September 30,
2014
   
As of June 30,
2014
 
Identifiable assets:
           
Corporate headquarters
  $ 3,400,548     $ 5,150,823  
North America
    6,472,549       7,406,631  
Europe
    6,087,158       6,169,265  
Asia - Pacific
    76,523,302       76,176,555  
Consolidated
  $ 92,483,557     $ 94,903,274  

The following table presents a summary of operating information for the three months ended September 30:

   
For the Three Months
Ended September 30,
 
   
2014
   
2013
 
Revenues from unaffiliated customers:
           
North America
  $ 1,166,777     $ 1,081,618  
Europe
    1,850,013       1,208,502  
Asia - Pacific
    5,814,361       5,663,079  
      8,831,151       7,953,199  
Revenue from affiliated customers
               
Asia - Pacific
    1,396,000       967,543  
Consolidated
  $ 10,227,151     $ 8,920,742  
                 
Intercompany revenue
               
Europe
  $ 130,528     $ 149,396  
Asia - Pacific
    281,119       303,078  
Eliminated
  $ 411,647     $ 452,474  
                 
Net income (loss) after taxes and before non-controlling interest:
         
Corporate headquarters
  $ (992,556 )   $ (1,149,908 )
North America
    265,723       193,201  
Europe
    16,826       (553,718 )
Asia - Pacific
    (1,519,216 )     1,280,418  
Discontinued operation
    -       (201,249 )
Consolidated
  $ (2,229,223 )   $ (431,256 )

The following table presents a summary of capital expenditures for the three months ended September 30:

   
For the Three Months
Ended September 30,
 
   
2014
   
2013
 
Capital expenditures:
           
Corporate headquarters
  $ 1,786     $ 2,097  
North America
    4,866       7,987  
Europe
    42,918       77,580  
Asia - Pacific
    981,558       2,603,402  
Consolidated
  $ 1,031,128     $ 2,691,066