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v3.22.4

OPERATING SEGMENTS (Tables) | 6 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
SUMMARY OF IDENTIFIABLE ASSETS | The following table presents a summary of identifiable assets as of December 31, 2022 and June 30, 2022: SUMMARY OF IDENTIFIABLE ASSETS
|  | As of |  |  | As of |
|  | December 31, 2022 |  |  | June 30, 2022 |
Identifiable assets: |  |  |  |  |  |  |  |
Corporate headquarters |  | $ | 1,106,983 |  |  | $ | 844,178 |
North America |  |  | 7,044,788 |  |  |  | 6,442,219 |
Europe |  |  | 8,920,116 |  |  |  | 8,727,530 |
Asia - Pacific |  |  | 47,744,012 |  |  |  | 56,594,705 |
Consolidated |  | $ | 64,815,899 |  |  | $ | 72,608,632 |
SUMMARY OF INVESTMENT UNDER EQUITY METHOD | The following table presents a summary of investment under equity method as of December 31, 2022 and June 30, 2022: SUMMARY OF INVESTMENT UNDER EQUITY METHOD
|  | As of |  |  | As of |
|  | December 31, 2022 |  |  | June 30, 2022 |
Investment in associates under equity method: |  |  |  |  |  |  |  |
Corporate headquarters |  | $ | - |  |  | $ | - |
Asia - Pacific |  |  | 1,064,501 |  |  |  | 1,059,368 |
Consolidated |  | $ | 1,064,501 |  |  | $ | 1,059,368 |
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, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Revenues from unaffiliated customers: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 1,597,852 |  |  | $ | 1,060,379 |  |  | $ | 2,723,140 |  |  | $ | 1,990,613 |
Europe |  |  | 2,845,701 |  |  |  | 2,122,094 |  |  |  | 5,093,036 |  |  |  | 5,394,993 |
Asia - Pacific |  |  | 7,946,805 |  |  |  | 12,290,489 |  |  |  | 17,280,301 |  |  |  | 21,508,117 |
|  |  | 12,390,358 |  |  |  | 15,472,962 |  |  |  | 25,096,477 |  |  |  | 28,893,723 |
Revenue from affiliated customers |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asia - Pacific |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
|  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Consolidated |  | $ | 12,390,358 |  |  | $ | 15,472,962 |  |  | $ | 25,096,477 |  |  | $ | 28,893,723 |
Intercompany revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Europe |  | $ | 93,236 |  |  | $ | 116,479 |  |  | $ | 188,961 |  |  | $ | 243,677 |
Asia - Pacific |  |  | 2,545,098 |  |  |  | 774,364 |  |  |  | 4,275,051 |  |  |  | 3,334,464 |
Eliminated |  | $ | 2,638,334 |  |  | $ | 890,843 |  |  | $ | 4,464,012 |  |  | $ | 3,578,141 |
Net income (loss) after taxes and before non-controlling interest: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate headquarters |  | $ | (696,938 | ) |  | $ | 138,089 |  |  | $ | 630,262 |  |  | $ | 266,633 |
North America |  |  | 105,326 |  |  |  | (58,915 | ) |  |  | 86,379 |  |  |  | (127,008 | )
Europe |  |  | (163,633 | ) |  |  | (589,882 | ) |  |  | (483,388 | ) |  |  | (398,439 | )
Asia - Pacific |  |  | (1,646,718 | ) |  |  | 2,949,256 |  |  |  | (3,073,187 | ) |  |  | 3,247,857 |
Consolidated |  | $ | (2,401,963 | ) |  | $ | 2,438,548 |  |  | $ | (2,839,934 | ) |  | $ | 2,989,043 |
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 727 |  |  | $ | 527 |  |  | $ | 1,209 |  |  | $ | 1,093 |
Europe |  |  | 66,431 |  |  |  | 100,646 |  |  |  | 141,602 |  |  |  | 199,494 |
Asia - Pacific |  |  | 824,342 |  |  |  | 840,559 |  |  |  | 1,593,692 |  |  |  | 1,721,151 |
Consolidated |  | $ | 891,500 |  |  | $ | 941,732 |  |  | $ | 1,736,503 |  |  | $ | 1,921,738 |
Interest expense: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate headquarters |  | $ | 5,912 |  |  | $ | 9,565 |  |  | $ | 8,392 |  |  | $ | 20,006 |
North America |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Europe |  |  | 2,702 |  |  |  | 2,488 |  |  |  | 6,340 |  |  |  | 6,284 |
Asia - Pacific |  |  | 193,749 |  |  |  | 78,755 |  |  |  | 309,241 |  |  |  | 165,531 |
Consolidated |  | $ | 202,363 |  |  | $ | 90,808 |  |  | $ | 323,973 |  |  | $ | 191,821 |
Income tax expense: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate headquarters |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | (43,354 | )
North America |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 45,754 |
Europe |  |  | - |  |  |  | 9,524 |  |  |  | - |  |  |  | 9,524 |
Asia - Pacific |  |  | 220,056 |  |  |  | 191,982 |  |  |  | 413,404 |  |  |  | 357,209 |
Consolidated |  | $ | 220,056 |  |  | $ | 201,506 |  |  | $ | 413,404 |  |  | $ | 369,133 |
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, |
|  | 2022 |  |  | 2021 |
Capital expenditures: |  |  |  |  |  |  |  |
North America |  | $ | 4,880 |  |  | $ | - |
Europe |  |  | - |  |  |  | 89,451 |
Asia - Pacific |  |  | 1,247,445 |  |  |  | 684,502 |
Consolidated |  | $ | 1,252,325 |  |  | $ | 773,953 |

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