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OPERATING SEGMENTS (Tables)
 6 Months Ended
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:

 

   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:

 

   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:

 

   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:

 

   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