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OPERATING SEGMENTS (Tables) | 9 Months Ended
--- | ---
Mar. 31, 2024
Segment Reporting [Abstract] |
SUMMARY OF IDENTIFIABLE ASSETS | The following table presents a summary of identifiable assets as of March 31, 2024 and June 30, 2023: SUMMARY OF IDENTIFIABLE ASSETS
|  | As of |  |  | As of |
|  | March 31, 2024 |  |  | June 30, 2023 |
Identifiable assets: |  |  |  |  |  |  |  |
Corporate headquarters |  | $ | 984,161 |  |  | $ | 878,899 |
North America |  |  | 6,060,509 |  |  |  | 7,344,122 |
Europe |  |  | 9,296,634 |  |  |  | 8,716,656 |
Asia - Pacific |  |  | 46,965,482 |  |  |  | 41,439,733 |
Consolidated |  | $ | 63,306,786 |  |  | $ | 58,379,410 |
Identifiable assets |  | $ | 63,306,786 |  |  | $ | 58,379,410 |
SUMMARY OF REVENUE STREAMS | The following table presents a summary of revenue streams by segment for the three months ended March 31, 2024 and 2023: SUMMARY OF REVENUE STREAMS
|  | License fees |  |  | Subscription and support |  |  | Services |  |  | Total |  |  | License fees |  |  | Subscription and support |  |  | Services |  |  | Total |
|  | 2024 |  |  | 2023 |
|  | License fees |  |  | Subscription and support |  |  | Services |  |  | Total |  |  | License fees |  |  | Subscription and support |  |  | Services |  |  | Total |
North America |  | $ | - |  |  | $ | 1,161,417 |  |  | $ | 203,657 |  |  | $ | 1,365,074 |  |  | $ | - |  |  | $ | 1,075,286 |  |  | $ | 290,270 |  |  | $ | 1,365,556 |
Europe |  |  | 92,925 |  |  |  | 869,429 |  |  |  | 2,083,430 |  |  |  | 3,045,784 |  |  |  | 65,177 |  |  |  | 665,585 |  |  |  | 1,819,610 |  |  |  | 2,550,372 |
Asia-Pacific |  |  | 465,415 |  |  |  | 5,109,512 |  |  |  | 5,478,731 |  |  |  | 11,053,658 |  |  |  | 1,917,808 |  |  |  | 4,915,211 |  |  |  | 2,757,442 |  |  |  | 9,590,461 |
Total |  | $ | 558,340 |  |  | $ | 7,140,358 |  |  | $ | 7,765,818 |  |  | $ | 15,464,516 |  |  | $ | 1,982,985 |  |  | $ | 6,656,082 |  |  | $ | 4,867,322 |  |  | $ | 13,506,389 |
The following table presents a summary of revenue streams by segment for the nine months ended March 31, 2024 and 2023:
|  | License fees |  |  | Subscription and support |  |  | Services |  |  | Total |  |  | License fees |  |  | Subscription and support |  |  | Services |  |  | Total |
|  | 2024 |  |  | 2023 |
|  | License fees |  |  | Subscription and support |  |  | Services |  |  | Total |  |  | License fees |  |  | Subscription and support |  |  | Services |  |  | Total |
North America |  | $ | - |  |  | $ | 3,454,455 |  |  | $ | 784,455 |  |  | $ | 4,238,910 |  |  | $ | 28,000 |  |  | $ | 3,251,397 |  |  | $ | 809,299 |  |  | $ | 4,088,696 |
Europe |  |  | 101,891 |  |  |  | 2,457,513 |  |  |  | 5,520,770 |  |  |  | 8,080,174 |  |  |  | 115,416 |  |  |  | 1,847,690 |  |  |  | 5,680,302 |  |  |  | 7,643,408 |
Asia-Pacific |  |  | 4,727,351 |  |  |  | 14,568,414 |  |  |  | 13,329,789 |  |  |  | 32,625,554 |  |  |  | 2,105,413 |  |  |  | 14,076,498 |  |  |  | 10,688,851 |  |  |  | 26,870,762 |
Total |  | $ | 4,829,242 |  |  | $ | 20,480,382 |  |  | $ | 19,635,014 |  |  | $ | 44,944,638 |  |  | $ | 2,248,829 |  |  | $ | 19,175,585 |  |  | $ | 17,178,452 |  |  | $ | 38,602,866 |
Revenue |  | $ | 4,829,242 |  |  | $ | 20,480,382 |  |  | $ | 19,635,014 |  |  | $ | 44,944,638 |  |  | $ | 2,248,829 |  |  | $ | 19,175,585 |  |  | $ | 17,178,452 |  |  | $ | 38,602,866 |
SUMMARY OF OPERATING INFORMATION | The following table presents a summary of operating information for the three and nine months ended March 31: SUMMARY OF OPERATING INFORMATION
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
|  | For the Three Months |  |  | For the Nine Months |
|  | Ended March 31, |  |  | Ended March 31, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Revenues from unaffiliated customers: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 1,365,074 |  |  | $ | 1,365,556 |  |  | $ | 4,238,910 |  |  | $ | 4,088,696 |
Europe |  |  | 3,045,784 |  |  |  | 2,550,372 |  |  |  | 8,080,174 |  |  |  | 7,643,408 |
Asia - Pacific |  |  | 11,053,658 |  |  |  | 9,590,461 |  |  |  | 32,625,554 |  |  |  | 26,870,762 |
Revenues from unaffiliated customers |  |  | 15,464,516 |  |  |  | 13,506,389 |  |  |  | 44,944,638 |  |  |  | 38,602,866 |
Revenue from affiliated customers |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asia - Pacific |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Revenue from affiliated customers |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Consolidated |  | $ | 15,464,516 |  |  | $ | 13,506,389 |  |  | $ | 44,944,638 |  |  | $ | 38,602,866 |
Revenue |  | $ | 15,464,516 |  |  | $ | 13,506,389 |  |  | $ | 44,944,638 |  |  | $ | 38,602,866 |
Intercompany revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Europe |  | $ | 100,315 |  |  | $ | 103,249 |  |  | $ | 300,732 |  |  | $ | 292,210 |
Asia - Pacific |  |  | 2,601,585 |  |  |  | 3,026,986 |  |  |  | 8,087,181 |  |  |  | 7,720,764 |
Eliminated |  | $ | 2,701,900 |  |  | $ | 3,130,235 |  |  | $ | 8,387,913 |  |  | $ | 8,012,974 |
Revenue |  | $ | 2,701,900 |  |  | $ | 3,130,235 |  |  | $ | 8,387,913 |  |  | $ | 8,012,974 |
Net income (loss) after taxes and before non-controlling interest: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate headquarters |  | $ | (1,003,157 | ) |  | $ | 289,652 |  |  | $ | (2,229,549 | ) |  | $ | 919,914 |
North America |  |  | 7,679 |  |  |  | (3,702 | ) |  |  | (61,546 | ) |  |  | 82,677 |
Europe |  |  | 14,516 |  |  |  | (103,219 | ) |  |  | (228,303 | ) |  |  | (586,607 | )
Asia - Pacific |  |  | 1,296,832 |  |  |  | 4,059,800 |  |  |  | 4,109,146 |  |  |  | 986,613 |
Consolidated |  | $ | 315,870 |  |  | $ | 4,242,531 |  |  | $ | 1,589,748 |  |  | $ | 1,402,597 |
Net income (loss) after taxes and before non-controlling interest |  | $ | 315,870 |  |  | $ | 4,242,531 |  |  | $ | 1,589,748 |  |  | $ | 1,402,597 |
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 407 |  |  | $ | 657 |  |  | $ | 1,305 |  |  | $ | 1,866 |
Europe |  |  | 58,469 |  |  |  | 65,584 |  |  |  | 179,128 |  |  |  | 207,186 |
Asia - Pacific |  |  | 332,414 |  |  |  | 716,725 |  |  |  | 1,170,806 |  |  |  | 2,310,417 |
Consolidated |  | $ | 391,290 |  |  | $ | 782,966 |  |  | $ | 1,351,239 |  |  | $ | 2,519,469 |
Depreciation and amortization |  | $ | 391,290 |  |  | $ | 782,966 |  |  | $ | 1,351,239 |  |  | $ | 2,519,469 |
Interest expense: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate headquarters |  | $ | 12,028 |  |  | $ | 7,834 |  |  | $ | 24,687 |  |  | $ | 16,226 |
North America |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Europe |  |  | 508 |  |  |  | 1,806 |  |  |  | 6,984 |  |  |  | 8,146 |
Asia - Pacific |  |  | 277,141 |  |  |  | 178,497 |  |  |  | 824,345 |  |  |  | 487,738 |
Consolidated |  | $ | 289,677 |  |  | $ | 188,137 |  |  | $ | 856,016 |  |  | $ | 512,110 |
Interest Expense |  | $ | 289,677 |  |  | $ | 188,137 |  |  | $ | 856,016 |  |  | $ | 512,110 |
Income tax expense: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate headquarters |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | (44,154 | )
North America |  |  | 800 |  |  |  | 1,600 |  |  |  | 800 |  |  |  | 45,754 |
Europe |  |  | - |  |  |  | 2,822 |  |  |  | (93,583 | ) |  |  | 2,822 |
Asia - Pacific |  |  | 145,769 |  |  |  | 223,296 |  |  |  | 511,300 |  |  |  | 636,700 |
Consolidated |  | $ | 146,569 |  |  | $ | 227,718 |  |  | $ | 418,517 |  |  | $ | 641,122 |
Income tax expense |  | $ | 146,569 |  |  | $ | 227,718 |  |  | $ | 418,517 |  |  | $ | 641,122 |
SUMMARY OF CAPITAL EXPENDITURES | The following table presents a summary of capital expenditures for the nine months ended March 31: SUMMARY OF CAPITAL EXPENDITURES
|  | 2024 |  |  | 2023 |
|  | For the Nine Months |
|  | Ended March 31, |
|  | 2024 |  |  | 2023 |
Capital expenditures: |  |  |  |  |  |  |  |
North America |  | $ | - |  |  | $ | 4,880 |
Europe |  |  | 592,432 |  |  |  | 31,519 |
Asia - Pacific |  |  | 355,905 |  |  |  | 1,538,660 |
Consolidated |  | $ | 948,337 |  |  | $ | 1,575,059 |
Capital expenditures |  | $ | 948,337 |  |  | $ | 1,575,059 |

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