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Segment Information
 3 Months Ended
Sep. 30, 2015
Segment Information [Abstract]  
Segment Information

Note (6) - Segment Information: The Company reports the results of its 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 three months ended
September 30,
2015 2014
(Unaudited) (Unaudited)
Revenues:        
Commercial and industrial laundry and dry cleaning equipment and boilers   $ 6,229,577     $ 9,047,514  
License and franchise operations     7,623       36,180  
                 
Total revenues   $ 6,237,200     $ 9,083,694  
Operating income (loss):                
Commercial and industrial laundry and dry cleaning equipment and boilers   $ 387,621     $ 857,118  
License and franchise operations     (16,366 )     (3,936 )
Corporate     (119,461 )     (110,183 )
                 
Total operating income   $ 251,794     $ 742,999  
                 

 

As of
September 30,
2015

 As of
June 30,
2015
(Unaudited)  
Identifiable assets:          
Commercial and industrial laundry and dry cleaning equipment and boilers $ 12,032,778     $ 8,392,268  
License and franchise operations     146,794       556,331  
Corporate     238,782       334,173  
                 
Total assets   $ 12,418,354     $ 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.