Quarterly report pursuant to Section 13 or 15(d)

OPERATING SEGMENTS (Tables)

v3.24.3
OPERATING SEGMENTS (Tables)
 3 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
SUMMARY OF IDENTIFIABLE ASSETS

The following table presents a summary of identifiable assets as of September 30, 2024 and June 30, 2024:

 

    As of     As of  
   

September 30, 2024

    

June 30, 2024

  
Identifiable assets:                
Corporate headquarters   $ 941,042     $ 808,385  
North America     6,670,569       6,114,142  
Europe     9,028,022       9,410,098  
Asia - Pacific     46,160,026       47,853,817  
Consolidated   $ 62,799,659     $ 64,186,442  
SUMMARY OF REVENUE STREAMS

The following table presents a summary of revenue streams by segment for the three months ended September 30, 2024 and 2023:

 

                                                 
    2024     2023  
    License fees     Subscription and support     Services     Total     License fees     Subscription and support     Services     Total  
                                                 
North America   $ -     $ 1,262,645     $ 1,606,016     $ 2,868,661     $ -     $ 1,124,814     $ 283,801     $ 1,408,615  
Europe     1,229       892,772       1,601,285       2,495,286       4,316       713,988       1,843,729       2,562,033  
Asia-Pacific     -       6,037,054       3,197,497       9,234,551       1,276,133       4,673,441       4,321,959       10,271,533  
Total   $ 1,229     $ 8,192,471     $ 6,404,798     $ 14,598,498     $ 1,280,449     $ 6,512,243     $ 6,449,489     $ 14,242,181  
SUMMARY OF OPERATING INFORMATION

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

 

             
    For the Three Months  
    Ended September 30,  
    2024     2023  
Revenues from unaffiliated customers:                
North America   $ 2,868,661     $ 1,408,615  
Europe     2,495,286       2,562,033  
Asia - Pacific     9,234,551       10,271,533  
Revenues from unaffiliated customers     14,598,498       14,242,181  
Revenue from affiliated customers                
Asia - Pacific     -       -  
Revenue from affiliated customers     -       -  
Consolidated   $ 14,598,498     $ 14,242,181  
                 
Intercompany revenue                
Europe   $ 16,558     $ 100,317  
Asia - Pacific     3,269,344       2,620,319  
Eliminated   $ 3,285,902     $ 2,720,636  
                 
Net income (loss) after taxes and before non-controlling interest:                
Corporate headquarters   $ (662,058 )   $ (303,722 )
North America     614,843       (55,947 )
Europe     (522,998 )     (91,884 )
Asia - Pacific     787,922       742,616  
Consolidated   $ 217,709     $ 291,063  
                 
Depreciation and amortization:                
North America   $ 471     $ 491  
Europe     59,680       62,901  
Asia - Pacific     305,846       467,394  
Consolidated   $ 365,997     $ 530,786  
                 
Interest expense:                
Corporate headquarters   $ 9,392     $ 6,121  
Europe     -       4,642  
Asia - Pacific     248,827       265,254  
Consolidated   $ 258,219     $ 276,017  
                 
Income tax expense:                
Asia - Pacific   $ 229,817     $ 121,895  
Consolidated   $ 229,817     $ 121,895  
SUMMARY OF CAPITAL EXPENDITURES

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

 

             
    For the Three Months  
    Ended September 30,  
    2024     2023  
Capital expenditures:                
North America   $ 3,841     $ -  
Europe     37,494       333,754  
Asia - Pacific     59,402       37,876  
Consolidated   $ 100,737     $ 371,630