| 13. Operating Segments |
During the period from inception through June 30, 2012, the
Company operated as a single business segment. Starting July 1, 2012 Franchise segment was added. Table below reflects
segment information for the first quarter of fiscal year 2013:
| |
|
Operations |
|
|
Franchise |
|
|
Total |
|
| Three Months Ended September 30, 2012 |
|
|
|
|
|
|
|
|
|
| Revenues |
|
$ |
185,795 |
|
|
$ |
- |
|
|
$ |
185,795 |
|
| Franchise fees |
|
|
|
|
|
|
35,000 |
|
|
|
35,000 |
|
| Royalties |
|
|
|
|
|
|
3,143 |
|
|
|
3,143 |
|
| Total Revenues |
|
$ |
185,795 |
|
|
$ |
38,143 |
|
|
$ |
223,938 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Cost of revenues |
|
$ |
143,760 |
|
|
$ |
- |
|
|
$ |
143,760 |
|
| Sales and marketing expenses |
|
|
18,267 |
|
|
|
17,540 |
|
|
|
35,807 |
|
| General and administrative expenses |
|
|
209,680 |
|
|
|
16,703 |
|
|
|
226,383 |
|
| Depreciation and amortization |
|
|
3,162 |
|
|
|
- |
|
|
|
3,162 |
|
| Interest income |
|
|
- |
|
|
|
478 |
|
|
|
478 |
|
| Net income/(loss) |
|
|
(280,974 |
) |
|
|
4,376 |
|
|
|
(276,598 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| As of June 30, 2012 |
|
|
|
|
|
|
|
|
|
|
|
|
| Property and equipment, net |
|
$ |
41,490 |
|
|
$ |
- |
|
|
$ |
41,490 |
|
| Total assets |
|
|
125,962 |
|
|
|
25,982 |
|
|
|
151,944 |
|
|