Quarterly report pursuant to Section 13 or 15(d)

Note 17 - Segment And Geographic Areas

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Note 17 - Segment And Geographic Areas
 6 Months Ended
Dec. 31, 2011
Segment Reporting Disclosure [Text Block]
NOTE 17 – SEGMENT 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 different operational issues and strategies due to their particular regional location.  We account for intracompany sales and expenses as if the sales or expenses were to third parties and eliminate them in the consolidation.  The following table presents a summary of operating information and certain balance sheet information for the six months ended December 31:

   
2011
   
2010
 
 Revenues from unaffiliated customers:
           
 North America
  $ 1,749,313     $ 2,231,691  
 Europe
    2,506,234       4,576,771  
 Asia - Pacific
    10,579,213       12,019,857  
 Consolidated
  $ 14,834,760     $ 18,828,319  
                 
 Operating income (loss):
               
 Corporate headquarters
  $ (1,664,711 )   $ (1,902,704 )
 North America
    21,932       324,948  
 Europe
    (112,664 )     2,394,818  
 Asia - Pacific
    2,145,505       5,104,842  
 Consolidated
  $ 390,062     $ 5,921,904  
                 
Net income (loss) after taxes and before non-controlling interest:
         
 Corporate headquarters
  $ (2,130,465 )   $ (2,699,654 )
 North America
    21,308       310,018  
 Europe
    (13,771 )     2,332,303  
 Asia - Pacific
    1,947,348       5,617,353  
 Consolidated
  $ (175,580 )   $ 5,560,017  
                 
 Identifiable assets:
               
 Corporate headquarters
  $ 14,077,314     $ 16,839,002  
 North America
    2,460,475       2,620,231  
 Europe
    6,884,161       6,003,011  
 Asia - Pacific
    62,556,489       56,101,924  
 Consolidated
  $ 85,978,439     $ 81,564,168  
                 
 Depreciation and amortization:
               
 Corporate headquarters
  $ 35,353     $ 307,171  
 North America
    150,023       264,698  
 Europe
    300,783       356,337  
 Asia - Pacific
    1,596,160       916,323  
 Consolidated
  $ 2,082,319     $ 1,844,528  
                 
 Capital expenditures:
               
 Corporate headquarters
  $ -     $ -  
 North America
    9,348       40,310  
 Europe
    484,485       905  
 Asia - Pacific
    2,338,379       2,409,007  
 Consolidated
  $ 2,832,212     $ 2,450,222  

Net revenues by our various products and services provided for the period ended December 31, are as follows:

   
2011
   
2010
 
 Licensing Fees
  $ 3,123,705     $ 6,606,856  
 Maintenance Fees
    4,158,488       3,693,428  
 Services
    7,552,567       8,528,035  
 Total
  $ 14,834,760     $ 18,828,319