Segment Information

6 Months Ended

Dec. 31, 2015

Segment Information [Abstract]

Segment Information

Note (8) - Segment Information: The Company reports its results of operations through two reportable segments. The Company's commercial and industrial laundry and dry cleaning equipment and boiler segment is comprised of Steiner-Atlantic Corp. (“Steiner Atlantic”), a wholly-owned subsidiary of the Company which sells commercial and industrial laundry and dry cleaning equipment and boilers to customers in the United States, the Caribbean and Latin American markets. The Company's license and franchise operations segment is comprised of DRYCLEAN USA License Corp., a wholly-owned subsidiary of the Company.

The Company's reportable segments are strategic businesses that offer different products and services. They are managed separately because each business requires different marketing strategies. The Company primarily evaluates the operating performance of its segments based on the categories noted in the table below. The Company has no sales between segments.

Financial information for the Company's business segments is as follows:

	For the six months ended December 31,						For the three months ended December 31,
	2015			2014			2015			2014
	(Unaudited)						(Unaudited)
Revenues:
Commercial and industrial laundry and dry cleaning equipment and boilers	$	14,850,856		$	15,911,337		$	8,621,279		$	6,863,823
License and franchise operations		12,245			97,502			4,622			61,322
Total revenues	$	14,863,101		$	16,008,839		$	8,625,901		$	6,925,145
Operating income (loss):
Commercial and industrial laundry and dry cleaning equipment and boilers	$	1,121,203		$	1,695,672		$	733,582		$	838,554
License and franchise operations		(12,202	)		27,819			4,164			31,755
Corporate		(249,404	)		(203,712	)		(129,943	)		(93,529	)
Total operating income	$	859,597		$	1,519,779		$	607,803		$	776,780

	As of December 31, 2015		As of June 30,
	(Unaudited)		2015
Identifiable assets:
Commercial and industrial laundry and dry cleaning equipment and boilers	$	9,126,720	$	8,392,268
License and franchise operations		144,129		556,331
Corporate		373,871		334,173
Total assets	$	9,644,720	$	9,282,772

The information provided for segment reporting is based on internal reports utilized by management. The presentation and allocation of assets and results of operations may not reflect the actual economic costs of the segments as standalone businesses. If a different basis of allocation were utilized, the relative contributions of the segments might differ but the relative trends in the segments' operating results would, in management's view, likely not be impacted.