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OPERATING SEGMENTS (Tables)
6 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
SUMMARY OF IDENTIFIABLE ASSETS

The following table presents a summary of identifiable assets as of December 31, 2021 and June 30, 2021:

SUMMARY OF IDENTIFIABLE ASSETS

   As of   As of 
   December 31,
2021
   June 30,
2021
 
Identifiable assets:          
Corporate headquarters  $2,147,024   $2,067,474 
North America   5,978,111    6,073,616 
Europe   9,763,859    10,363,611 
Asia - Pacific   63,609,797    68,101,560 
Consolidated  $81,498,791   $86,606,261 
SUMMARY OF INVESTMENT UNDER EQUITY METHOD

The following table presents a summary of investment under equity method as of December 31, 2021 and June 30, 2021:

SUMMARY OF INVESTMENT UNDER EQUITY METHOD

   As of   As of 
   December 31,
2021
   June 30,
2021
 
Investment in associates under equity method:          
Corporate headquarters  $346,491   $396,403 
Asia - Pacific   2,575,176    2,759,449 
Consolidated  $2,921,667   $3,155,852 
SUMMARY OF OPERATING INFORMATION

The following table presents a summary of operating information for the three and six months ended December 31:

SUMMARY OF OPERATING INFORMATION

   For the Three Months   For the Six Months 
   Ended December 31,   Ended December 31, 
   2021   2020   2021   2020 
Revenues from unaffiliated customers:                    
North America  $1,060,379   $1,016,556   $1,990,613   $1,829,434 
Europe   2,122,094    2,726,206    5,394,993    5,878,097 
Asia - Pacific   12,290,489    9,378,698    21,508,117    18,061,307 
    15,472,962    13,121,460    28,893,723    25,768,838 
Revenue from affiliated customers                    
Asia - Pacific   -    -    -    - 
    -    -    -    - 
Consolidated  $15,472,962   $13,121,460   $28,893,723   $25,768,838 
                     
Intercompany revenue                    
Europe  $116,479   $126,757   $243,677   $265,913 
Asia - Pacific   774,364    3,125,729    3,334,464    5,284,357 
Eliminated  $890,843   $3,252,486   $3,578,141   $5,550,270 
                     
Net income (loss) after taxes and before non-controlling interest:                    
Corporate headquarters  $138,089   $1,173,146   $266,633   $2,340,941 
North America   (58,915)   (47,019)   (127,008)   (328,816)
Europe   (589,882)   173,085    (398,439)   776,101 
Asia - Pacific   2,949,256    (1,378,400)   3,247,857    (1,743,937)
Consolidated  $2,438,548   $(79,188)  $2,989,043   $1,044,289 
                     
Depreciation and amortization:                    
North America  $527   $998   $1,093   $2,952 
Europe   100,646    108,929    199,494    216,937 
Asia - Pacific   840,559    825,394    1,721,151    1,644,471 
Consolidated  $941,732   $935,321   $1,921,738   $1,864,360 
                     
Interest expense:                    
Corporate headquarters  $9,565   $4,897   $20,006   $10,931 
North America   -    726    -    1,935 
Europe   2,488    1,961    6,284    4,027 
Asia - Pacific   78,755    86,657    165,531    180,675 
Consolidated  $90,808   $94,241   $191,821   $197,568 
                     
Income tax expense:                    
Corporate headquarters  $-   $-   $800   $- 
North America   -    -    1,600    - 
Europe   9,524    92,359    9,524    204,037 
Asia - Pacific   191,982    153,075    357,209    305,691 
Consolidated  $201,506   $245,434   $369,133   $509,728 
SUMMARY OF CAPITAL EXPENDITURES

The following table presents a summary of capital expenditures for the six months ended December 31:

SUMMARY OF CAPITAL EXPENDITURES

   For the Six Months 
   Ended December 31, 
   2021   2020 
Capital expenditures:          
North America  $-   $1,521 
Europe   89,451    301,233 
Asia - Pacific   684,502    947,141 
Consolidated  $773,953   $1,249,895