XML 51 R40.htm IDEA: XBRL DOCUMENT v3.22.2.2

OPERATING SEGMENTS (Tables)

3 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

SUMMARY OF IDENTIFIABLE ASSETS

The following table presents a summary of identifiable assets as of September 30, 2022 and June 30, 2022:

 SUMMARY OF IDENTIFIABLE ASSETS

		As of				As of
		September 30, 2022				June 30, 2022
Identifiable assets:
Corporate headquarters		$	1,758,935			$	844,178
North America			6,548,741				6,442,219
Europe			8,354,174				8,727,530
Asia - Pacific			49,783,782				56,594,705
Consolidated		$	66,445,632			$	72,608,632

SUMMARY OF INVESTMENT UNDER EQUITY METHOD

The following table presents a summary of investment under equity method as of September 30, 2022 and June 30, 2022:

 SUMMARY OF INVESTMENT UNDER EQUITY METHOD

		As of				As of
		September 30, 2022				June 30, 2022
Investment in associates under equity method:
Corporate headquarters		$	-			$	-
Asia - Pacific			1,059,368				1,059,368
Consolidated		$	1,059,368			$	1,059,368

SUMMARY OF OPERATING INFORMATION

The following table presents a summary of operating information for the three months ended September 30:

 SUMMARY OF OPERATING INFORMATION

		For the Three Months
		Ended September 30,
		2022				2021
Revenues from unaffiliated customers:
North America		$	1,125,288			$	930,234
Europe			2,247,335				3,272,899
Asia - Pacific			9,333,496				9,217,628
			12,706,119				13,420,761
Revenue from affiliated customers
Asia - Pacific			-				-
			-				-
Consolidated		$	12,706,119			$	13,420,761
Intercompany revenue
Europe		$	95,725			$	127,198
Asia - Pacific			1,729,953				2,560,100
Eliminated		$	1,825,678			$	2,687,298
Net income (loss) after taxes and before non-controlling interest:
Corporate headquarters		$	1,327,200			$	128,544
North America			(18,947	)			(68,093	)
Europe			(319,755	)			191,443
Asia - Pacific			(1,426,469	)			298,601
Consolidated		$	(437,971	)		$	550,495
Depreciation and amortization:
North America		$	482			$	566
Europe			75,171				98,848
Asia - Pacific			769,350				880,592
Consolidated		$	845,003			$	980,006
Interest expense:
Corporate headquarters		$	2,480			$	10,441
North America			-				-
Europe			3,638				3,796
Asia - Pacific			115,492				86,776
Consolidated		$	121,610			$	101,013
Income tax expense:
Corporate headquarters		$	-			$	800
North America			-				1,600
Europe			-				-
Asia - Pacific			193,348				165,227
Consolidated		$	193,348			$	167,627

SUMMARY OF CAPITAL EXPENDITURES

The following table presents a summary of capital expenditures for the three months ended September 30:

 SUMMARY OF CAPITAL EXPENDITURES

		For the Three Months
		Ended September 30,
		2022				2021
Capital expenditures:
North America		$	1,133			$	-
Europe			-				54,380
Asia - Pacific			1,346,468				161,732
Consolidated		$	1,347,601			$	216,112

X

- Definition

Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

+ Details

Name:	us-gaap_EquityMethodInvestmentsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

+ Details

Name:	us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of each significant reconciling item, other than profit (loss), revenues, or assets, in the reconciliation of totals of such items in reportable segments to the entity's corresponding consolidated amount.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

+ Details

Name:	us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

+ Details

Name:	us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration