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v3.23.3

OPERATING SEGMENTS (Tables) | 3 Months Ended
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Sep. 30, 2023
Segment Reporting [Abstract] |
SUMMARY OF IDENTIFIABLE ASSETS | The following table presents a summary of identifiable assets as of September 30, 2023 and June 30, 2023: SUMMARY OF IDENTIFIABLE ASSETS
|  | As of |  |  | As of |
|  | September 30, 2023 |  |  | June 30, 2023 |
Identifiable assets: |  |  |  |  |  |  |  |
Corporate headquarters |  | $ | 829,095 |  |  | $ | 878,899 |
North America |  |  | 7,107,857 |  |  |  | 7,344,122 |
Europe |  |  | 8,756,636 |  |  |  | 8,716,656 |
Asia - Pacific |  |  | 39,171,445 |  |  |  | 41,439,733 |
Consolidated |  | $ | 55,865,033 |  |  | $ | 58,379,410 |
Identifiable assets |  | $ | 55,865,033 |  |  | $ | 58,379,410 |
SUMMARY OF REVENUE STREAMS | The following table presents a summary of revenue streams by segment for the three months ended September 30, 2023 and 2022: SUMMARY OF REVENUE STREAMS
|  | License fees |  |  | Subscription and support |  |  | Services |  |  | Total |  |  | License fees |  |  | Subscription and support |  |  | Services |  |  | Total |
|  | 2023 |  |  | 2022 |
|  | License fees |  |  | Subscription and support |  |  | Services |  |  | Total |  |  | License fees |  |  | Subscription and support |  |  | Services |  |  | Total |
North America |  | $ | - |  |  | $ | 1,124,814 |  |  | $ | 283,801 |  |  |  | 1,408,615 |  |  | $ | 14,000 |  |  | $ | 1,065,048 |  |  | $ | 46,240 |  |  |  | 1,125,288 |
Europe |  |  | 4,316 |  |  |  | 713,988 |  |  |  | 1,843,729 |  |  |  | 2,562,033 |  |  |  | 48,355 |  |  |  | 493,543 |  |  |  | 1,705,437 |  |  |  | 2,247,335 |
Asia-Pacific |  |  | 1,276,133 |  |  |  | 4,673,441 |  |  |  | 4,321,959 |  |  |  | 10,271,533 |  |  |  | 187,605 |  |  |  | 4,458,243 |  |  |  | 4,687,648 |  |  |  | 9,333,496 |
Total |  | $ | 1,280,449 |  |  | $ | 6,512,243 |  |  | $ | 6,449,489 |  |  | $ | 14,242,181 |  |  | $ | 249,960 |  |  | $ | 6,016,834 |  |  | $ | 6,439,325 |  |  | $ | 12,706,119 |
Revenue |  | $ | 1,280,449 |  |  | $ | 6,512,243 |  |  | $ | 6,449,489 |  |  | $ | 14,242,181 |  |  | $ | 249,960 |  |  | $ | 6,016,834 |  |  | $ | 6,439,325 |  |  | $ | 12,706,119 |
SUMMARY OF OPERATING INFORMATION | The following table presents a summary of operating information for the three months ended September 30: SUMMARY OF OPERATING INFORMATION
|  | 2023 |  |  | 2022 |
|  | For the Three Months |
|  | Ended September 30, |
|  | 2023 |  |  | 2022 |
Revenues from unaffiliated customers: |  |  |  |  |  |  |  |
North America |  | $ | 1,408,615 |  |  | $ | 1,125,288 |
Europe |  |  | 2,562,033 |  |  |  | 2,247,335 |
Asia - Pacific |  |  | 10,271,533 |  |  |  | 9,333,496 |
Revenue from unaffiliated |  |  | 14,242,181 |  |  |  | 12,706,119 |
Revenue from affiliated customers |  |  |  |  |  |  |  |
Asia - Pacific |  |  | - |  |  |  | - |
Revenue from affiliated |  |  | - |  |  |  | - |
Consolidated |  | $ | 14,242,181 |  |  | $ | 12,706,119 |
Revenue |  | $ | 14,242,181 |  |  | $ | 12,706,119 |
Intercompany revenue |  |  |  |  |  |  |  |
Europe |  | $ | 100,317 |  |  | $ | 95,725 |
Asia - Pacific |  |  | 2,620,319 |  |  |  | 1,729,953 |
Eliminated |  | $ | 2,720,636 |  |  | $ | 1,825,678 |
Revenue |  | $ | 2,720,636 |  |  | $ | 1,825,678 |
Net income (loss) after taxes and before non-controlling interest: |  |  |  |  |  |  |  |
Corporate headquarters |  | $ | (303,722 | ) |  | $ | 1,327,200 |
North America |  |  | (55,947 | ) |  |  | (18,947 | )
Europe |  |  | (91,884 | ) |  |  | (319,755 | )
Asia - Pacific |  |  | 742,616 |  |  |  | (1,426,469 | )
Consolidated |  | $ | 291,063 |  |  | $ | (437,971 | )
Net income (loss) after taxes and before non-controlling interest |  | $ | 291,063 |  |  | $ | (437,971 | )
Depreciation and amortization: |  |  |  |  |  |  |  |
North America |  | $ | 491 |  |  | $ | 482 |
Europe |  |  | 62,901 |  |  |  | 75,171 |
Asia - Pacific |  |  | 467,394 |  |  |  | 769,350 |
Consolidated |  | $ | 530,786 |  |  | $ | 845,003 |
Depreciation and amortization |  | $ | 530,786 |  |  | $ | 845,003 |
Interest expense: |  |  |  |  |  |  |  |
Corporate headquarters |  | $ | 6,121 |  |  | $ | 2,480 |
Europe |  |  | 4,642 |  |  |  | 3,638 |
Asia - Pacific |  |  | 265,254 |  |  |  | 115,492 |
Consolidated |  | $ | 276,017 |  |  | $ | 121,610 |
Interest expense |  | $ | 276,017 |  |  | $ | 121,610 |
Income tax expense: |  |  |  |  |  |  |  |
Asia - Pacific |  | $ | 121,895 |  |  | $ | 193,348 |
Consolidated |  | $ | 121,895 |  |  | $ | 193,348 |
Income tax expense |  | $ | 121,895 |  |  | $ | 193,348 |
SUMMARY OF CAPITAL EXPENDITURES | The following table presents a summary of capital expenditures for the three months ended September 30: SUMMARY OF CAPITAL EXPENDITURES
|  | 2023 |  |  | 2022 |
|  | For the Three Months |
|  | Ended September 30, |
|  | 2023 |  |  | 2022 |
Capital expenditures: |  |  |  |  |  |  |  |
North America |  | $ | - |  |  | $ | 1,133 |
Europe |  |  | 333,754 |  |  |  | - |
Asia - Pacific |  |  | 37,876 |  |  |  | 1,346,468 |
Consolidated |  | $ | 371,630 |  |  | $ | 1,347,601 |
Capital expenditures |  | $ | 371,630 |  |  | $ | 1,347,601 |

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