| Schedule of Operating Segements |
| |
|
|
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 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|