v2.4.0.8
OPERATING SEGMENTS
 9 Months Ended
Mar. 31, 2014
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 nine months ended March 31, 2014 and 2013:

 

 

      Operations   Franchise   Total  
Three Months Ended March 31, 2014              
  Revenues $ 181,293 $ - $ 181,293  
  Franchise fees   -   35,952   35,952  
  Royalties   -   4,237   4,237  
         Total Revenues $ 181,293 $ 40,189 $ 221,482  
                 
  Cost of revenues $ 131,820 $ - $ 131,820  
  Sales and marketing expenses   23,228   16,695   39,923  
  General and administrative expenses   63,854   17,883   81,737  
  Depreciation and amortization   1,529   -   1,529  
  Interest income   -   378   378  
  Net income/(loss) $ (75,439) $ 5,989 $ (69,450)  
               
Three Months Ended March 31, 2013              
  Revenues $ 320,474 $ - $ 320,474  
  Franchise fees   -   3,037   3,037  
  Royalties   -   4,265   4,265  
         Total Revenues $ 320,474 $ 7,302 $ 327,776  
                 
  Cost of revenues $ 229,059 $ - $ 229,059  
  Sales and marketing expenses   19,207   500   19,707  
  General and administrative expenses   87,678   19,860   107,538  
  Depreciation and amortization   2,540   -   2,540  
  Interest income   -   491   491  
  Net income/(loss)   (83,485)   (12,566)   (96,051)  
               
Nine Months Ended March 31, 2014              
  Revenues $ 686,161 $ - $ 686,161  
  Franchise fees   -   43,041   43,041  
  Royalties   -   19,840   19,840  
         Total Revenues $ 686,161 $ 62,881 $ 749,042  
                 
  Cost of revenues $ 526,513 $ - $ 526,513  
  Sales and marketing expenses   62,046   36,695   98,741  
  General and administrative expenses   247,507   42,964   290,471  
  Depreciation and amortization   6,609   -   6,609  
  Interest income   1   1,142   1,143  
  Net income/(loss) $ (273,611) $ (15,636) $ (289,247)  
                 
Nine Months Ended March 31, 2013              
  Revenues $ 778,160 $ - $ 778,160  
  Franchise fees   -   73,037   73,037  
  Royalties   -   11,197   11,197  
         Total Revenues $ 778,160 $ 84,234 $ 862,394  
                 
  Cost of revenues $ 591,154 $ - $ 591,154  
  Sales and marketing expenses   56,382   500   56,882  
  General and administrative expenses   391,812   55,892   447,704  
  Depreciation and amortization   8,906   -   8,906  
  Interest income   -   1,413   1,413  
  Net income/(loss)   (676,069)   29,255   (646,814)  
               
As of March 31, 2014              
  Property and equipment, net $ 6,340 $ - $ 6,340  
  Total assets $ 120,331 $ 37,043 $ 157,374  
               
As of June 30, 2013              
  Property and equipment, net $ 24,669 $ - $ 24,669  
  Total assets $ 161,721 $ 53,828 $ 215,549