Annual report pursuant to Section 13 and 15(d)

Segment Information and Geographic Areas (Tables)

v3.7.0.1
Segment Information and Geographic Areas (Tables)
 12 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Summary of Identifiable Assets

The following table presents a summary of identifiable assets as of June 30, 2017 and 2016:

 

    2017     2016  
Identifiable assets:                
Corporate headquarters   $ 2,922,514     $ 3,646,160  
North America     6,717,366       6,845,444  
Europe     6,056,514       7,857,427  
Asia - Pacific     83,980,936       75,000,384  
Consolidated   $ 99,677,330     $ 93,349,415  

Summary of Investment Under Equity Method

The following table presents a summary of investment under equity method as of June 30, 2017 and 2016:

 

    As of June 30,     As of June 30,  
    2017     2016  
Investment in WRLD3D:                
Corporate headquarters   $ 1,111,111     $ 555,556  
Asia - Pacific     1,945,909       164,794  
Consolidated   $ 3,057,020     $ 720,350  

Summary of Operating Information

The following table presents a summary of operating information for the years ended June 30:

 

    For the Year  
    Ended June 30,  
    2017     2016  
Revenues from unaffiliated customers:                
North America   $ 5,624,434     $ 5,464,740  
Europe     5,550,536       5,981,430  
Asia - Pacific     46,000,208       40,254,321  
      57,175,178       51,700,491  
Revenue from affiliated customers                
Europe     1,299,784       4,688,687  
Asia - Pacific     6,891,306       8,161,015  
      8,191,090       12,849,702  
Consolidated   $ 65,366,268     $ 64,550,193  
                 
Intercompany revenue                
Europe   $ 509,328     $ 558,645  
Asia - Pacific     2,599,243       4,807,276  
Eliminated   $ 3,108,571     $ 5,365,921  
                 
Net income (loss) after taxes and before non-controlling interest:                
Corporate headquarters   $ (5,084,078 )   $ (2,611,696 )
North America     (454,297 )     171,628  
Europe     (1,956,137 )     1,081,057  
Asia - Pacific     5,758,076       6,416,152  
Consolidated   $ (1,736,436 )   $ 5,057,141  
                 
Depreciation and amortization:                
North America   $ 47,583     $ 35,268  
Europe     206,407       172,755  
Asia - Pacific     6,308,344       6,944,116  
Consolidated   $ 6,562,334     $ 7,152,139  
                 
Interest expense:                
Corporate headquarters   $ 8,576     $ 6,236  
North America     138       117  
Europe     17,462       40,302  
Asia - Pacific     283,868       217,856  
Consolidated   $ 310,044     $ 264,511  
                 
Income tax expense:                
Europe   $ -     $ 46,691  
Asia - Pacific     931,951       605,855  
Consolidated   $ 931,951     $ 652,546  

Summary of Capital Expenditures

The following table presents a summary of capital expenditures for the years ended June 30:

 

    2017     2016  
Capital expenditures:                
Corporate headquarters   $ -     $ -  
North America     41,340       66,764  
Europe     520,920       417,861  
Asia - Pacific     1,640,943       2,851,296  
Consolidated   $ 2,203,203     $ 3,335,921  

Summary of Geographic Information

Disclosed in the table below is geographic information for each country that comprised greater than five percent of total revenues for the years ended June 30 2017 and 2016.

 

    June 30, 2017     June 30, 2016  
    Revenue     Long-lived Assets     Revenue     Long-lived Assets  
                         
China   $ 22,737,967     $ 341,238     $ 17,276,250     $ 19,851  
Thailand     3,887,089       211,892       6,428,041       309,498  
USA     4,378,433       5,975,412       5,843,204       5,450,684  
UK     13,152,380       4,350,199       16,894,973       4,036,925  
Pakistan & India     1,653,393       44,501,157       1,842,046       43,047,590  
Australia & New Zealand     6,618,930       25,357       4,308,784       30,259  
Mexico     1,835,251       -       1,542,530       -  
Indonesia     3,265,412       -       6,201,642       -  
South Africa     3,451,931       -       387,220       -  
Other Countries     4,385,482       -       3,825,503       2,782  
Total   $ 65,366,268     $ 55,405,255     $ 64,550,193     $ 52,897,589  

Summary of Reconciliation of Revenue

Disclosed in the table below is the reconciliation of revenue by each entity and country disclosed above for the years ended June 30 2017 and 2016.

 

    Revenues 2017  
    Total     China     Thailand     USA     UK     Pakistan & India     Australia & New Zealand     Mexico     Indonesia     South Africa     Other Countries  
                                                                   
North America:   $ 5,624,434     $ -     $ -     $ 3,789,183     $ -     $ -     $ -     $ 1,835,251     $ -     $ -     $ -  
Europe:     6,850,320       -       -       -       6,850,320       -       -       -       -       -       -  
Asia-Pacific:     52,891,514       27,170,305       3,524,911       589,250       6,302,060       1,653,393       4,796,631       -       3,020,990       3,176,885       2,657,089  
Total   $ 65,366,268     $ 27,170,305     $ 3,524,911     $ 4,378,433     $ 13,152,380     $ 1,653,393     $ 4,796,631     $ 1,835,251     $ 3,020,990     $ 3,176,885     $ 2,657,089  

 

    Revenues 2016  
    Total     China     Thailand     USA     UK     Pakistan & India     Australia & New Zealand     Mexico     Indonesia     South Africa     Other Countries  
                                                                   
North America:   $ 5,464,740     $ -     $ -     $ 3,922,210     $ -     $ -     $ -     $ 1,542,530     $ -     $ -     $ -  
Europe:     10,670,117       -       -       -       10,446,098       -       -       -       -               224,019  
Asia-Pacific:     48,415,336       17,276,250       6,428,041       1,920,994       6,448,875       1,842,046       4,308,784       -       6,201,642       387,220       3,601,484  
Total   $ 64,550,193     $ 17,276,250     $ 6,428,041     $ 5,843,204     $ 16,894,973     $ 1,842,046     $ 4,308,784     $ 1,542,530     $ 6,201,642     $ 387,220     $ 3,825,503