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Segment Information and Geographic Areas
 12 Months Ended
Jun. 30, 2015
Segment Reporting [Abstract]  
Segment Information and Geographic Areas

NOTE 17 – 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. The 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 identifiable assets as of June 30, 2015 and 2014:

 

    As of     As of  
    June 30, 2015     June 30, 2014  
Identifiable assets:                
Corporate headquarters   $ 4,896,334     $ 5,150,823  
North America     7,162,846       7,406,631  
Europe     6,631,945       6,169,265  
Asia - Pacific     70,271,209       76,176,555  
Consolidated   $ 88,962,334     $ 94,903,274  

 

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

 

    2015     2014  
Revenues from unaffiliated customers:                
North America   $ 5,535,183     $ 4,729,908  
Europe     5,707,127       5,813,744  
Asia - Pacific     32,110,574       20,154,790  
      43,352,884       30,698,442  
Revenue from affiliated customers                
Europe     1,652,077       715,567  
Asia - Pacific     6,043,617       4,970,794  
      7,695,694       5,686,361  
Consolidated   $ 51,048,578     $ 36,384,803  
                 
Intercompany revenue                
Europe   $ 302,812     $ 490,888  
Asia - Pacific     4,620,426       3,680,292  
Eliminated   $ 4,923,238     $ 4,171,180  
                 
Net income (loss) after taxes and before non-controlling interest:                
Corporate headquarters   $ (4,306,400 )   $ (4,372,278 )
North America     685,008       893,947  
Europe     (767,103 )     (2,078,631 )
Asia - Pacific     (860,677 )     (8,539,512 )
Discontinued operation     -       1,158,752  
Consolidated   $ (5,249,172 )   $ (12,937,722 )
                 
Depreciation and amortization:                
Corporate headquarters   $ 16,148     $ 47,932  
North America     165,240       100,875  
Europe     665,826       854,163  
Asia - Pacific     9,496,600       7,727,766  
Consolidated   $ 10,343,814     $ 8,730,736  
                 
Interest expense:                
Corporate headquarters   $ 13,783     $ 34,461  
North America     1,588       6,916  
Europe     52,926       164,569  
Asia - Pacific     98,665       49,731  
Consolidated   $ 166,962     $ 255,677  
                 
Income tax expense:                
Europe   $ 1,244     $ 7,298  
Asia - Pacific     412,254       330,984  
Consolidated   $ 413,498     $ 338,282  

 

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

 

    2015     2014  
Capital expenditures:                
Corporate headquarters   $ 3,439     $ 4,531  
North America     47,497       16,387  
Europe     140,870       523,189  
Asia - Pacific     3,366,906       12,692,029  
Consolidated   $ 3,558,712     $ 13,236,136  

 

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 2015 and 2014.

 

    June 30, 2015     June 30, 2014  
    Revenue     Long-lived Assets     Revenue     Long-lived Assets  
                         
China   $ 15,119,518     $ 27,453     $ 9,924,993     $ 10,420  
Thailand     4,842,577       123,097       3,833,442       612,189  
USA     7,190,905       4,715,670       6,205,706       4,982,884  
UK     10,641,565       4,075,864       8,745,813       4,689,185  
Pakistan & India     1,868,090       48,457,329       1,278,860       57,717,521  
Australia & New Zealand     2,672,265       37,303       1,960,661       28,515  
Mexico     1,202,832       -       1,133,492       -  
Indonesia     5,212,919       -       -       -  
Other Countries     2,297,907       14,953.00       3,301,836       -  
Total   $ 51,048,578     $ 57,451,669     $ 36,384,803     $ 68,040,714  

 

Disclosed in the table below is the reconciliation of revenue from un-affiliated parties by each entity and country disclosed above for the years ended June 30 2015 and 2014.

 

    Revenues 2015  
    Total     China     Thailand     USA     UK     Pakistan & India     Australia & New Zealand     Mexico     Indonesia     Other Countries  
                                                                                 
North America:   $ 5,535,183     $ -     $ -     $ 4,332,351     $ -     $ -     $ -     $ 1,202,832     $ -     $ -  
Europe:     7,375,527       -       -       -       7,094,304       -       -       -       -       281,223  
Asia-Pacific:     38,137,868       15,119,518       4,842,577       2,858,554       3,547,261       1,868,090       2,672,265       -       5,212,919       2,016,684  
Total   $ 51,048,578     $ 15,119,518     $ 4,842,577     $ 7,190,905     $ 10,641,565     $ 1,868,090     $ 2,672,265     $ 1,202,832     $ 5,212,919     $ 2,297,907  

 

    Revenues 2014  
    Total     China     Thailand     USA     UK     Pakistan & India     Australia & New Zealand     Mexico     Indonesia     Other Countries  
                                                                                 
North America:   $ 4,729,909     $ -     $ -     $ 3,596,417     $ -     $ -     $ -     $ 1,133,492     $ -     $ -  
Europe:     6,529,311       -       -       -       6,529,311       -       -       -       -       -  
Asia-Pacific:     25,125,583       9,924,993       3,833,442       2,609,289       2,216,502       1,278,860       1,960,661       -       -       3,301,836  
Total   $ 36,384,803     $ 9,924,993     $ 3,833,442     $ 6,205,706     $ 8,745,813     $ 1,278,860     $ 1,960,661     $ 1,133,492     $ -     $ 3,301,836