NOTE 21 – SEGMENT INFORMATION AND GEOGRAPHIC AREAS

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 June 30, 2019 and 2018:

The following table presents a summary of investment under equity method as of June 30, 2019 and 2018:

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

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

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, 2019 and 2018.

Disclosed in the table below is the reconciliation of revenue by each entity and country disclosed above for the years ended June 30, 2019 and 2018.