OPERATING SEGMENTS (Tables)

6 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

SUMMARY OF IDENTIFIABLE ASSETS

The following table presents a summary of identifiable assets as of December 31, 2023 and June 30, 2023:

	As of		As of
	December 31, 2023		June 30, 2023
Identifiable assets:
Corporate headquarters	$	1,059,682	$	878,899
North America		6,409,946		7,344,122
Europe		9,301,556		8,716,656
Asia - Pacific		40,700,402		41,439,733
Consolidated	$	57,471,586	$	58,379,410

SUMMARY OF REVENUE STREAMS

The following table presents a summary of revenue streams by segment for the three months ended December 31, 2023 and 2022:

	2023								2022
	License fees		Subscription and support		Services		Total		License fees		Subscription and support		Services		Total
North America	$	-	$	1,168,224	$	296,997	$	1,465,221	$	14,000	$	1,111,063	$	472,789	$	1,597,852
Europe		4,650		874,096		1,593,611		2,472,357		1,884		688,562		2,155,255		2,845,701
Asia-Pacific		2,985,803		4,785,461		3,529,099		11,300,363		-		4,703,044		3,243,761		7,946,805
Total	$	2,990,453	$	6,827,781	$	5,419,707	$	15,237,941	$	15,884	$	6,502,669	$	5,871,805	$	12,390,358

The following table presents a summary of revenue streams by segment for the six months ended December 31, 2023 and 2022:

	2023								2022
	License fees		Subscription and support		Services		Total		License fees		Subscription and support		Services		Total
North America	$	-	$	2,293,038	$	580,798	$	2,873,836	$	28,000	$	2,176,111	$	519,029	$	2,723,140
Europe		8,966		1,588,084		3,437,340		5,034,390		50,239		1,182,105		3,860,692		5,093,036
Asia-Pacific		4,261,936		9,458,902		7,851,058		21,571,896		187,605		9,161,287		7,931,409		17,280,301
Total	$	4,270,902	$	13,340,024	$	11,869,196	$	29,480,122	$	265,844	$	12,519,503	$	12,311,130	$	25,096,477

SUMMARY OF OPERATING INFORMATION

The following table presents a summary of operating information for the three and six months ended December 31:

	For the Three Months						For the Six Months
	Ended December 31,						Ended December 31,
	2023			2022			2023			2022
Revenues from unaffiliated customers:
North America	$	1,465,221		$	1,597,852		$	2,873,836		$	2,723,140
Europe		2,472,357			2,845,701			5,034,390			5,093,036
Asia - Pacific		11,300,363			7,946,805			21,571,896			17,280,301
		15,237,941			12,390,358			29,480,122			25,096,477
Revenue from affiliated customers
Asia - Pacific		-			-			-			-
		-			-			-			-
Consolidated	$	15,237,941		$	12,390,358		$	29,480,122		$	25,096,477
Intercompany revenue
Europe	$	100,100		$	93,236		$	200,417		$	188,961
Asia - Pacific		2,865,277			2,545,098			5,485,596			4,544,876
Eliminated	$	2,965,377		$	2,638,334		$	5,686,013		$	4,733,837
Net income (loss) after taxes and before non-controlling interest:
Corporate headquarters	$	(922,670	)	$	(696,938	)	$	(1,226,392	)	$	630,262
North America		(13,278	)		105,326			(69,225	)		86,379
Europe		(150,935	)		(163,633	)		(242,819	)		(483,388	)
Asia - Pacific		2,069,698			(1,646,718	)		2,812,314			(3,073,187	)
Consolidated	$	982,815		$	(2,401,963	)	$	1,273,878		$	(2,839,934	)
Depreciation and amortization:
North America	$	407		$	727		$	898		$	1,209
Europe		57,758			66,431			120,659			141,602
Asia - Pacific		370,998			824,342			838,392			1,593,692
Consolidated	$	429,163		$	891,500		$	959,949		$	1,736,503
Interest expense:
Corporate headquarters	$	6,538		$	5,912		$	12,659		$	8,392
North America		-			-			-			-
Europe		1,834			2,702			6,476			6,340
Asia - Pacific		281,950			193,749			547,204			309,241
Consolidated	$	290,322		$	202,363		$	566,339		$	323,973
Income tax expense:
Corporate headquarters	$	-		$	-		$	-		$	(44,154	)
North America		-			-			-			44,154
Europe		(93,583	)		-			(93,583	)		-
Asia - Pacific		243,636			220,056			365,531			413,404
Consolidated	$	150,053		$	220,056		$	271,948		$	413,404

SUMMARY OF CAPITAL EXPENDITURES

The following table presents a summary of capital expenditures for the six months ended December 31:

	For the Six Months
	Ended December 31,
	2023		2022
Capital expenditures:
North America	$	-	$	4,880
Europe		417,104		-
Asia - Pacific		153,480		1,247,445
Consolidated	$	570,584	$	1,252,325