Annual report pursuant to Section 13 and 15(d)

Note 20 - Segment Information And Geographic Areas

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Note 20 - Segment Information And Geographic Areas
 12 Months Ended
Jun. 30, 2012
Segment Reporting Disclosure [Text Block]
NOTE 20 – SEGMENT INFORMATION AND GEOGRAPHIC AREAS

The Company has identified three global regions or 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 operational issues and strategies unique to their particular regional location. We account for intercompany sales and expenses as if the sales or expenses were to third parties and eliminate them in consolidation.

The following table presents a summary of operating information and certain year-end balance sheet information for the years ended June 30, 2012 and 2011:

   
2012
   
2011
 
 Revenues from unaffiliated customers:
           
 North America
  $ 4,552,173     $ 4,223,864  
 Europe
    5,676,392       7,158,145  
 Asia - Pacific
    29,546,959       25,165,565  
 Consolidated
  $ 39,775,524     $ 36,547,574  
                 
 Operating income (loss):
               
 Corporate headquarters
  $ (3,408,483 )   $ (3,762,964 )
 North America
    123,979       1,775,501  
 Europe
    (90,689 )     2,705,583  
 Asia - Pacific
    10,639,775       9,446,701  
 Consolidated
  $ 7,264,582     $ 10,164,821  
                 
Net income (loss) after taxes and before non-controlling interest:
         
 Corporate headquarters
  $ (4,470,462 )   $ (5,043,333 )
 North America
    236,865       1,758,835  
 Europe
    (57,655 )     2,601,842  
 Asia - Pacific
    10,940,523       10,385,625  
 Consolidated
  $ 6,649,271     $ 9,702,970  
                 
 Identifiable assets:
               
 Corporate headquarters
  $ 14,059,781     $ 16,790,104  
 North America
    2,814,769       2,316,781  
 Europe
    5,740,243       4,590,556  
 Asia - Pacific
    68,732,421       61,948,938  
 Consolidated
  $ 91,347,214     $ 85,646,379  
                 
 Depreciation and amortization:
               
 Corporate headquarters
  $ 82,074     $ 614,063  
 North America
    397,508       459,219  
 Europe
    638,830       710,022  
 Asia - Pacific
    3,523,575       2,505,206  
 Consolidated
  $ 4,641,987     $ 4,288,510  
                 
 Capital expenditures:
               
 Corporate headquarters
  $ 18,230     $ -  
 North America
    24,693       53,738  
 Europe
    608,226       1,013  
 Asia - Pacific
    4,261,174       9,030,397  
 Consolidated
  $ 4,912,322     $ 9,085,148  

Geographic Information

Disclosed in the table below is geographic information for each country that comprised greater than five percent of our total revenues for fiscal 2012 and 2011.

   
June 30, 2012
   
June 30, 2011
 
   
Revenue
   
Long-lived Assets
   
Revenue
   
Long-lived Assets
 
                         
China
  $ 10,795,330     $ 135,721     $ 11,063,164     $ 134,202  
Thailand
    5,639,182       665,542       5,127,971       154,784.00  
USA
    5,777,841       11,275,337       5,829,118       10,896,290  
UK
    6,544,662       1,904,000       5,300,942       1,044,289  
Pakistan & India
    2,214,905       41,087,552       3,211,605       38,824,246  
Australia & New Zealand
    1,914,654       956       1,995,786       2,130  
Other Countries
    6,888,950       -       4,018,988       -  
Total
  $ 39,775,524     $ 55,069,108     $ 36,547,574     $ 51,055,941