v2.4.0.8
OPERATING SEGMENTS
 6 Months Ended
Dec. 31, 2013
Notes to Financial Statements  
OPERATING SEGMENTS

NOTE 9. OPERATING SEGMENTS

 

During the period from inception through June 30, 2012, the Company operated as a single business segment. Starting July 1, 2012 the franchise segment was added. Table below reflects segment information for the three and six months ended December 31, 2013 and 2012:

 

    Operations     Franchise     Total  
Three Months Ended December 31, 2013                        
Revenues   $ 167,731     $ -     $ 167,731  
Franchise fees     -       -       -  
Royalties     -       8,643       8,643  
Total Revenues   $ 167,731     $ 8,643     $ 176,374  
                         
Cost of revenues   $ 126,056     $ -     $ 126,056  
Sales and marketing expenses     16,210       10,000       26,210  
General and administrative expenses     97,454       14,441       111,895  
Depreciation and amortization     2,540       -       2,540  
Interest income     -       360       360  
Net income/(loss)   $ (125,118 )   $ (15,438 )   $ (140,556 )
                         
Three Months Ended December 31, 2012                        
Revenues   $ 271,891     $ -     $ 271,891  
Franchise fees     -       35,000       35,000  
Royalties     -       3,788       3,788  
Total Revenues   $ 271,891     $ 38,788     $ 310,679  
                         
Cost of revenues   $ 218,334     $ -     $ 218,334  
Sales and marketing expenses     1,368       -       1,368  
General and administrative expenses     96,301       17,481       113,782  
Depreciation and amortization     3,204       -       3,204  
Interest income     -       443       443  
Net income/(loss)     (295,915 )     21,750       (274,165 )
                         
Six Months Ended December 31, 2013                        
Revenues   $ 504,868     $ -     $ 504,868  
Franchise fees     -       -       -  
Royalties     -       22,691       22,691  
Total Revenues   $ 504,868     $ 22,691     $ 527,559  
                         
Cost of revenues   $ 394,693     $ -     $ 394,693  
Sales and marketing expenses     38,818       20,000       58,818  
General and administrative expenses     183,652       25,081       208,733  
Depreciation and amortization     5,081       -       5,081  
Interest income     -       764       764  
Net income/(loss)   $ (198,172 )   $ (21,627 )   $ (219,799 )
                         
Six Months Ended December 31, 2012                        
Revenues   $ 457,686     $ -     $ 457,686  
Franchise fees     -       70,000       70,000  
Royalties     -       6,931       6,931  
Total Revenues   $ 457,686     $ 76,931     $ 534,617  
                         
Cost of revenues   $ 362,094     $ -     $ 362,094  
Sales and marketing expenses     37,176       -       37,176  
General and administrative expenses     305,972       34,194       340,166  
Depreciation and amortization     6,365       -       6,365  
Interest income     -       921       921  
Net income/(loss)     (594,421 )     43,658       (550,763 )
                         
As of December 31, 2013                        
Property and equipment, net   $ 13,589     $ -     $ 13,589  
Total assets   $ 76,407     $ 38,483     $ 114,890  
                         
As of June 30, 2013                        
Property and equipment, net   $ 24,669     $ -     $ 24,669  
Total assets   $ 161,721     $ 53,828     $ 215,549