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OPERATING SEGMENTS (Tables) | 6 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
SUMMARY OF IDENTIFIABLE ASSETS | The following table presents a summary of identifiable assets as of December 31, 2023 and June 30, 2023: SUMMARY OF IDENTIFIABLE ASSETS
|  | As of |  |  | As of |
|  | December 31, 2023 |  |  | June 30, 2023 |
Identifiable assets: |  |  |  |  |  |  |  |
Corporate headquarters |  | $ | 1,059,682 |  |  | $ | 878,899 |
North America |  |  | 6,409,946 |  |  |  | 7,344,122 |
Europe |  |  | 9,301,556 |  |  |  | 8,716,656 |
Asia - Pacific |  |  | 40,700,402 |  |  |  | 41,439,733 |
Consolidated |  | $ | 57,471,586 |  |  | $ | 58,379,410 |
Identifiable assets |  | $ | 57,471,586 |  |  | $ | 58,379,410 |
SUMMARY OF REVENUE STREAMS | The following table presents a summary of revenue streams by segment for the three months ended December 31, 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 |  | $ | - |  |  | $ | 1,168,224 |  |  | $ | 296,997 |  |  | $ | 1,465,221 |  |  | $ | 14,000 |  |  | $ | 1,111,063 |  |  | $ | 472,789 |  |  | $ | 1,597,852 |
Europe |  |  | 4,650 |  |  |  | 874,096 |  |  |  | 1,593,611 |  |  |  | 2,472,357 |  |  |  | 1,884 |  |  |  | 688,562 |  |  |  | 2,155,255 |  |  |  | 2,845,701 |
Asia-Pacific |  |  | 2,985,803 |  |  |  | 4,785,461 |  |  |  | 3,529,099 |  |  |  | 11,300,363 |  |  |  | - |  |  |  | 4,703,044 |  |  |  | 3,243,761 |  |  |  | 7,946,805 |
Total |  | $ | 2,990,453 |  |  | $ | 6,827,781 |  |  | $ | 5,419,707 |  |  | $ | 15,237,941 |  |  | $ | 15,884 |  |  | $ | 6,502,669 |  |  | $ | 5,871,805 |  |  | $ | 12,390,358 |
The following table presents a summary of revenue streams by segment for the six months ended December 31, 2023 and 2022:
|  | 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 |  | $ | - |  |  | $ | 2,293,038 |  |  | $ | 580,798 |  |  | $ | 2,873,836 |  |  | $ | 28,000 |  |  | $ | 2,176,111 |  |  | $ | 519,029 |  |  | $ | 2,723,140 |
Europe |  |  | 8,966 |  |  |  | 1,588,084 |  |  |  | 3,437,340 |  |  |  | 5,034,390 |  |  |  | 50,239 |  |  |  | 1,182,105 |  |  |  | 3,860,692 |  |  |  | 5,093,036 |
Asia-Pacific |  |  | 4,261,936 |  |  |  | 9,458,902 |  |  |  | 7,851,058 |  |  |  | 21,571,896 |  |  |  | 187,605 |  |  |  | 9,161,287 |  |  |  | 7,931,409 |  |  |  | 17,280,301 |
Total |  | $ | 4,270,902 |  |  | $ | 13,340,024 |  |  | $ | 11,869,196 |  |  | $ | 29,480,122 |  |  | $ | 265,844 |  |  | $ | 12,519,503 |  |  | $ | 12,311,130 |  |  | $ | 25,096,477 |
Revenue |  | $ | 4,270,902 |  |  | $ | 13,340,024 |  |  | $ | 11,869,196 |  |  | $ | 29,480,122 |  |  | $ | 265,844 |  |  | $ | 12,519,503 |  |  | $ | 12,311,130 |  |  | $ | 25,096,477 |
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
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
|  | For the Three Months |  |  | For the Six Months |
|  | Ended December 31, |  |  | Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Revenues from unaffiliated customers: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 1,465,221 |  |  | $ | 1,597,852 |  |  | $ | 2,873,836 |  |  | $ | 2,723,140 |
Europe |  |  | 2,472,357 |  |  |  | 2,845,701 |  |  |  | 5,034,390 |  |  |  | 5,093,036 |
Asia - Pacific |  |  | 11,300,363 |  |  |  | 7,946,805 |  |  |  | 21,571,896 |  |  |  | 17,280,301 |
Revenues from unaffiliated |  |  | 15,237,941 |  |  |  | 12,390,358 |  |  |  | 29,480,122 |  |  |  | 25,096,477 |
Revenue from affiliated customers |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asia - Pacific |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Revenue from affiliated |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Consolidated |  | $ | 15,237,941 |  |  | $ | 12,390,358 |  |  | $ | 29,480,122 |  |  | $ | 25,096,477 |
Revenue |  | $ | 15,237,941 |  |  | $ | 12,390,358 |  |  | $ | 29,480,122 |  |  | $ | 25,096,477 |
Intercompany revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Europe |  | $ | 100,100 |  |  | $ | 93,236 |  |  | $ | 200,417 |  |  | $ | 188,961 |
Asia - Pacific |  |  | 2,865,277 |  |  |  | 2,545,098 |  |  |  | 5,485,596 |  |  |  | 4,544,876 |
Eliminated |  | $ | 2,965,377 |  |  | $ | 2,638,334 |  |  | $ | 5,686,013 |  |  | $ | 4,733,837 |
Revenue |  | $ | 2,965,377 |  |  | $ | 2,638,334 |  |  | $ | 5,686,013 |  |  | $ | 4,733,837 |
Net income (loss) after taxes and before non-controlling interest: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate headquarters |  | $ | (922,670 | ) |  | $ | (696,938 | ) |  | $ | (1,226,392 | ) |  | $ | 630,262 |
North America |  |  | (13,278 | ) |  |  | 105,326 |  |  |  | (69,225 | ) |  |  | 86,379 |
Europe |  |  | (150,935 | ) |  |  | (163,633 | ) |  |  | (242,819 | ) |  |  | (483,388 | )
Asia - Pacific |  |  | 2,069,698 |  |  |  | (1,646,718 | ) |  |  | 2,812,314 |  |  |  | (3,073,187 | )
Consolidated |  | $ | 982,815 |  |  | $ | (2,401,963 | ) |  | $ | 1,273,878 |  |  | $ | (2,839,934 | )
Net income (loss) after taxes and before non-controlling interest |  | $ | 982,815 |  |  | $ | (2,401,963 | ) |  | $ | 1,273,878 |  |  | $ | (2,839,934 | )
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 407 |  |  | $ | 727 |  |  | $ | 898 |  |  | $ | 1,209 |
Europe |  |  | 57,758 |  |  |  | 66,431 |  |  |  | 120,659 |  |  |  | 141,602 |
Asia - Pacific |  |  | 370,998 |  |  |  | 824,342 |  |  |  | 838,392 |  |  |  | 1,593,692 |
Consolidated |  | $ | 429,163 |  |  | $ | 891,500 |  |  | $ | 959,949 |  |  | $ | 1,736,503 |
Depreciation and amortization |  | $ | 429,163 |  |  | $ | 891,500 |  |  | $ | 959,949 |  |  | $ | 1,736,503 |
Interest expense: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate headquarters |  | $ | 6,538 |  |  | $ | 5,912 |  |  | $ | 12,659 |  |  | $ | 8,392 |
North America |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Europe |  |  | 1,834 |  |  |  | 2,702 |  |  |  | 6,476 |  |  |  | 6,340 |
Asia - Pacific |  |  | 281,950 |  |  |  | 193,749 |  |  |  | 547,204 |  |  |  | 309,241 |
Consolidated |  | $ | 290,322 |  |  | $ | 202,363 |  |  | $ | 566,339 |  |  | $ | 323,973 |
Interest Expense |  | $ | 290,322 |  |  | $ | 202,363 |  |  | $ | 566,339 |  |  | $ | 323,973 |
Income tax expense: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate headquarters |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | (44,154 | )
North America |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 44,154 |
Europe |  |  | (93,583 | ) |  |  | - |  |  |  | (93,583 | ) |  |  | - |
Asia - Pacific |  |  | 243,636 |  |  |  | 220,056 |  |  |  | 365,531 |  |  |  | 413,404 |
Consolidated |  | $ | 150,053 |  |  | $ | 220,056 |  |  | $ | 271,948 |  |  | $ | 413,404 |
Income tax expense |  | $ | 150,053 |  |  | $ | 220,056 |  |  | $ | 271,948 |  |  | $ | 413,404 |
SUMMARY OF CAPITAL EXPENDITURES | The following table presents a summary of capital expenditures for the six months ended December 31: SUMMARY OF CAPITAL EXPENDITURES
|  | 2023 |  |  | 2022 |
|  | For the Six Months |
|  | Ended December 31, |
|  | 2023 |  |  | 2022 |
Capital expenditures: |  |  |  |  |  |  |  |
North America |  | $ | - |  |  | $ | 4,880 |
Europe |  |  | 417,104 |  |  |  | - |
Asia - Pacific |  |  | 153,480 |  |  |  | 1,247,445 |
Consolidated |  | $ | 570,584 |  |  | $ | 1,252,325 |
Capital expenditures |  | $ | 570,584 |  |  | $ | 1,252,325 |

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