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v3.22.1

OPERATING SEGMENTS (Tables) | 9 Months Ended
--- | ---
Mar. 31, 2022
Segment Reporting [Abstract] |
SUMMARY OF IDENTIFIABLE ASSETS | The following table presents a summary of identifiable assets as of March 31, 2022 and June 30, 2021: SUMMARY OF IDENTIFIABLE ASSETS
|  | As of |  |  | As of |
|  | March 31, 2022 |  |  | June 30, 2021 |
Identifiable assets: |  |  |  |  |  |  |  |
Corporate headquarters |  | $ | 1,765,803 |  |  | $ | 2,067,474 |
North America |  |  | 5,653,292 |  |  |  | 6,073,616 |
Europe |  |  | 9,448,659 |  |  |  | 10,363,611 |
Asia - Pacific |  |  | 65,208,505 |  |  |  | 68,101,560 |
Consolidated |  | $ | 82,076,259 |  |  | $ | 86,606,261 |
SUMMARY OF INVESTMENT UNDER EQUITY METHOD | The following table presents a summary of investment under equity method as of March 31, 2022 and June 30, 2021: SUMMARY OF INVESTMENT UNDER EQUITY METHOD
|  | As of |  |  | As of |
|  | March 31, 2022 |  |  | June 30, 2021 |
Investment in associates under equity method: |  |  |  |  |  |  |  |
Corporate headquarters |  | $ | 337,127 |  |  | $ | 396,403 |
Asia - Pacific |  |  | 2,556,573 |  |  |  | 2,759,449 |
Consolidated |  | $ | 2,893,700 |  |  | $ | 3,155,852 |
SUMMARY OF OPERATING INFORMATION | The following table presents a summary of operating information for the three and nine months ended March 31: SUMMARY OF OPERATING INFORMATION
|  | For the Three Months |  |  | For the Nine Months |
|  | Ended March 31, |  |  | Ended March 31, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Revenues from unaffiliated customers: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 1,113,820 |  |  | $ | 1,008,011 |  |  | $ | 3,104,433 |  |  | $ | 2,837,445 |
Europe |  |  | 2,088,918 |  |  |  | 2,748,945 |  |  |  | 7,483,911 |  |  |  | 8,627,042 |
Asia - Pacific |  |  | 11,607,088 |  |  |  | 10,027,040 |  |  |  | 33,115,205 |  |  |  | 28,088,347 |
|  |  | 14,809,826 |  |  |  | 13,783,996 |  |  |  | 43,703,549 |  |  |  | 39,552,834 |
Revenue from affiliated customers |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asia - Pacific |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
|  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Consolidated |  | $ | 14,809,826 |  |  | $ | 13,783,996 |  |  | $ | 43,703,549 |  |  | $ | 39,552,834 |
Intercompany revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Europe |  | $ | 105,668 |  |  | $ | 160,970 |  |  | $ | 349,345 |  |  | $ | 426,883 |
Asia - Pacific |  |  | 3,104,913 |  |  |  | 3,810,340 |  |  |  | 6,439,377 |  |  |  | 9,094,697 |
Eliminated |  | $ | 3,210,581 |  |  | $ | 3,971,310 |  |  | $ | 6,788,722 |  |  | $ | 9,521,580 |
Net income (loss) after taxes and before non-controlling interest: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate headquarters |  | $ | (394,375 | ) |  | $ | (804,636 | ) |  | $ | (127,742 | ) |  | $ | 1,536,305 |
North America |  |  | (86,722 | ) |  |  | 57,460 |  |  |  | (213,730 | ) |  |  | (271,356 | )
Europe |  |  | (575,533 | ) |  |  | (474,629 | ) |  |  | (973,972 | ) |  |  | 301,472 |
Asia - Pacific |  |  | 1,039,158 |  |  |  | 246,635 |  |  |  | 4,287,015 |  |  |  | (1,497,302 | )
Consolidated |  | $ | (17,472 | ) |  | $ | (975,170 | ) |  | $ | 2,971,571 |  |  | $ | 69,119 |
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 451 |  |  | $ | 701 |  |  | $ | 1,544 |  |  | $ | 3,653 |
Europe |  |  | 88,987 |  |  |  | 139,180 |  |  |  | 288,481 |  |  |  | 356,117 |
Asia - Pacific |  |  | 858,495 |  |  |  | 891,962 |  |  |  | 2,579,646 |  |  |  | 2,536,433 |
Consolidated |  | $ | 947,933 |  |  | $ | 1,031,843 |  |  | $ | 2,869,671 |  |  | $ | 2,896,203 |
Interest expense: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate headquarters |  | $ | 8,105 |  |  | $ | 4,647 |  |  | $ | 28,111 |  |  | $ | 15,578 |
North America |  |  | - |  |  |  | 725 |  |  |  | - |  |  |  | 2,660 |
Europe |  |  | 1,766 |  |  |  | 4,106 |  |  |  | 8,050 |  |  |  | 8,133 |
Asia - Pacific |  |  | 76,045 |  |  |  | 89,178 |  |  |  | 241,576 |  |  |  | 269,853 |
Consolidated |  | $ | 85,916 |  |  | $ | 98,656 |  |  | $ | 277,737 |  |  | $ | 296,224 |
Income tax expense: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate headquarters |  | $ | - |  |  | $ | - |  |  | $ | 800 |  |  | $ | - |
North America |  |  | 400 |  |  |  | 450 |  |  |  | 2,000 |  |  |  | 450 |
Europe |  |  | - |  |  |  | 18,333 |  |  |  | 9,524 |  |  |  | 222,370 |
Asia - Pacific |  |  | 157,204 |  |  |  | 114,373 |  |  |  | 514,413 |  |  |  | 420,064 |
Consolidated |  | $ | 157,604 |  |  | $ | 133,156 |  |  | $ | 526,737 |  |  | $ | 642,884 |
SUMMARY OF CAPITAL EXPENDITURES | The following table presents a summary of capital expenditures for the nine months ended March 31: SUMMARY OF CAPITAL EXPENDITURES
|  | For the Nine Months |
|  | Ended March 31, |
|  | 2022 |  |  | 2021 |
Capital expenditures: |  |  |  |  |  |  |  |
North America |  | $ | - |  |  | $ | 1,520 |
Europe |  |  | 134,450 |  |  |  | 388,367 |
Asia - Pacific |  |  | 1,546,406 |  |  |  | 1,719,171 |
Consolidated |  | $ | 1,680,856 |  |  | $ | 2,109,058 |

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