Annual report pursuant to Section 13 and 15(d)

Segment Information and Geographic Areas (Tables)

v3.10.0.1
Segment Information and Geographic Areas (Tables)
 12 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Summary of Identifiable Assets

The following table presents a summary of identifiable assets as of June 30, 2018 and 2017:

 

    2018     2017  
Identifiable assets:                
Corporate headquarters   $ 2,839,049     $ 2,922,514  
North America     5,764,042       6,717,366  
Europe     7,242,080       6,056,514  
Asia - Pacific     83,929,110       83,980,936  
Consolidated   $ 99,774,281     $ 99,677,330  

Summary of Investment Under Equity Method

The following table presents a summary of investment under equity method as of June 30, 2018 and 20172017:

 

    2018     2017  
Investment in WRLD3D:                
Corporate headquarters   $ 918,628     $ 1,111,111  
Asia - Pacific     2,298,534       1,945,909  
Consolidated   $ 3,217,162     $ 3,057,020  

Summary of Operating Information

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

 

    2018     2017  
             
Revenues from unaffiliated customers:                
North America   $ 4,036,626     $ 5,624,434  
Europe     6,767,845       5,550,536  
Asia - Pacific     43,788,074       46,000,208  
      54,592,545       57,175,178  
Revenue from affiliated customers                
Europe     2,111,315       1,299,784  
Asia - Pacific     4,226,398       6,891,306  
      6,337,713       8,191,090  
Consolidated   $ 60,930,258     $ 65,366,268  
                 
Intercompany revenue                
Europe   $ 545,330     $ 509,328  
Asia - Pacific     2,729,173       2,599,243  
Eliminated   $ 3,274,503     $ 3,108,571  
                 
Net income (loss) after taxes and before non-controlling interest:                
Corporate headquarters   $ (1,899,110 )   $ (5,084,078 )
North America     (237,708 )     (454,297 )
Europe     1,059,823       (1,956,137 )
Asia - Pacific     8,226,973       5,758,076  
Consolidated   $ 7,149,978     $ (1,736,436 )
                 
Depreciation and amortization:                
North America   $ 43,049     $ 47,583  
Europe     249,256       206,407  
Asia - Pacific     5,281,169       6,308,344  
Consolidated   $ 5,573,474     $ 6,562,334  
                 
Interest expense:                
Corporate headquarters   $ 10,402     $ 8,576  
North America     113       138  
Europe     15,628       17,462  
Asia - Pacific     396,184       283,868  
Consolidated   $ 422,327     $ 310,044  
                 
Income tax expense:                
Europe   $ (8,435 )   $ -  
Asia - Pacific     881,462       931,951  
Consolidated   $ 873,027     $ 931,951  

Summary of Capital Expenditures

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

 

    2018     2017  
Capital expenditures:                
North America   $ 5,184     $ 41,340  
Europe     336,908       520,920  
Asia - Pacific     2,107,357       1,640,943  
Consolidated   $ 2,449,449     $ 2,203,203  

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, 2018 and 2017.

 

    June 30, 2018     June 30, 2017  
    Revenue     Long-lived Assets     Revenue     Long-lived Assets  
                         
China   $ 18,443,294     $ 256,156     $ 22,737,967     $ 341,238  
Thailand     7,049,581       241,284       3,887,089       211,892  
USA     2,932,884       5,642,245       4,378,433       5,975,412  
UK     12,972,855       4,444,416       13,152,380       4,350,199  
Pakistan & India     2,095,734       31,815,109       1,653,393       44,501,157  
Australia & New Zealand     3,553,136       24,175       6,618,930       25,357  
Mexico     1,236,454       -       1,835,251       -  
Indonesia     8,294,934       -       3,265,412       -  
South Africa     2,279,331       -       3,451,931       -  
Other Countries     2,072,055       -       4,385,482       -  
Total   $ 60,930,258     $ 42,423,385     $ 65,366,268     $ 55,405,255  

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, 2018 and 2017.

 

    Revenues 2018  
    Total     China     Thailand     USA     UK     Pakistan & India     Australia & New Zealand     Mexico     Indonesia     South Africa     Other Countries  
                                                                   
North America:   $ 4,036,626     $ -     $ -     $ 2,800,172     $ -     $ -     $ -     $ 1,236,454     $ -     $ -     $ -  
Europe:     8,879,160       -       -       -       8,879,160       -       -       -       -       -       -  
Asia-Pacific:     48,014,472       18,443,294       7,049,581       132,712       4,093,695       2,095,734       3,553,136       -       8,294,934       2,279,331       2,072,055  
                                                                                         
Total   $ 60,930,258     $ 18,443,294     $ 7,049,581     $ 2,932,884     $ 12,972,855     $ 2,095,734     $ 3,553,136     $ 1,236,454     $ 8,294,934     $ 2,279,331     $ 2,072,055  

 

    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       22,737,967       3,887,089       589,250       6,302,060       1,653,393       6,618,930       -       3,265,412       3,451,931       4,385,482  
                                                                                         
Total   $ 65,366,268     $ 22,737,967     $ 3,887,089     $ 4,378,433     $ 13,152,380     $ 1,653,393     $ 6,618,930     $ 1,835,251     $ 3,265,412     $ 3,451,931     $ 4,385,482