XML 50 R38.htm IDEA: XBRL DOCUMENT
v3.24.3

OPERATING SEGMENTS (Tables) | 3 Months Ended
--- | ---
Sep. 30, 2024
Segment Reporting [Abstract] |
SUMMARY OF IDENTIFIABLE ASSETS | The following table presents a summary of identifiable assets as of September 30, 2024 and June 30, 2024: SUMMARY OF IDENTIFIABLE ASSETS
|  | As of |  |  | As of |
|  | September 30, 2024 |  |  | June 30, 2024 |
Identifiable assets: |  |  |  |  |  |  |  |
Corporate headquarters |  | $ | 941,042 |  |  | $ | 808,385 |
North America |  |  | 6,670,569 |  |  |  | 6,114,142 |
Europe |  |  | 9,028,022 |  |  |  | 9,410,098 |
Asia - Pacific |  |  | 46,160,026 |  |  |  | 47,853,817 |
Consolidated |  | $ | 62,799,659 |  |  | $ | 64,186,442 |
Identifiable assets |  | $ | 62,799,659 |  |  | $ | 64,186,442 |
SUMMARY OF REVENUE STREAMS | The following table presents a summary of revenue streams by segment for the three months ended September 30, 2024 and 2023: SUMMARY OF REVENUE STREAMS
|  | 2024 |  |  | 2023 |
|  | License fees |  |  | Subscription and support |  |  | Services |  |  | Total |  |  | License fees |  |  | Subscription and support |  |  | Services |  |  | Total |
North America |  | $ | - |  |  | $ | 1,262,645 |  |  | $ | 1,606,016 |  |  | $ | 2,868,661 |  |  | $ | - |  |  | $ | 1,124,814 |  |  | $ | 283,801 |  |  | $ | 1,408,615 |
Europe |  |  | 1,229 |  |  |  | 892,772 |  |  |  | 1,601,285 |  |  |  | 2,495,286 |  |  |  | 4,316 |  |  |  | 713,988 |  |  |  | 1,843,729 |  |  |  | 2,562,033 |
Asia-Pacific |  |  | - |  |  |  | 6,037,054 |  |  |  | 3,197,497 |  |  |  | 9,234,551 |  |  |  | 1,276,133 |  |  |  | 4,673,441 |  |  |  | 4,321,959 |  |  |  | 10,271,533 |
Total |  | $ | 1,229 |  |  | $ | 8,192,471 |  |  | $ | 6,404,798 |  |  | $ | 14,598,498 |  |  | $ | 1,280,449 |  |  | $ | 6,512,243 |  |  | $ | 6,449,489 |  |  | $ | 14,242,181 |
SUMMARY OF OPERATING INFORMATION | The following table presents a summary of operating information for the three months ended September 30: SUMMARY OF OPERATING INFORMATION
|  | For the Three Months |
|  | Ended September 30, |
|  | 2024 |  |  | 2023 |
Revenues from unaffiliated customers: |  |  |  |  |  |  |  |
North America |  | $ | 2,868,661 |  |  | $ | 1,408,615 |
Europe |  |  | 2,495,286 |  |  |  | 2,562,033 |
Asia - Pacific |  |  | 9,234,551 |  |  |  | 10,271,533 |
Revenues from unaffiliated customers |  |  | 14,598,498 |  |  |  | 14,242,181 |
Revenue from affiliated customers |  |  |  |  |  |  |  |
Asia - Pacific |  |  | - |  |  |  | - |
Revenue from affiliated customers |  |  | - |  |  |  | - |
Consolidated |  | $ | 14,598,498 |  |  | $ | 14,242,181 |
Revenue |  | $ | 14,598,498 |  |  | $ | 14,242,181 |
Intercompany revenue |  |  |  |  |  |  |  |
Europe |  | $ | 16,558 |  |  | $ | 100,317 |
Asia - Pacific |  |  | 3,269,344 |  |  |  | 2,620,319 |
Eliminated |  | $ | 3,285,902 |  |  | $ | 2,720,636 |
Revenue |  | $ | 3,285,902 |  |  | $ | 2,720,636 |
Net income (loss) after taxes and before non-controlling interest: |  |  |  |  |  |  |  |
Corporate headquarters |  | $ | (662,058 | ) |  | $ | (303,722 | )
North America |  |  | 614,843 |  |  |  | (55,947 | )
Europe |  |  | (522,998 | ) |  |  | (91,884 | )
Asia - Pacific |  |  | 787,922 |  |  |  | 742,616 |
Consolidated |  | $ | 217,709 |  |  | $ | 291,063 |
Net income (loss) after taxes and before non-controlling interest |  | $ | 217,709 |  |  | $ | 291,063 |
Depreciation and amortization: |  |  |  |  |  |  |  |
North America |  | $ | 471 |  |  | $ | 491 |
Europe |  |  | 59,680 |  |  |  | 62,901 |
Asia - Pacific |  |  | 305,846 |  |  |  | 467,394 |
Consolidated |  | $ | 365,997 |  |  | $ | 530,786 |
Depreciation and amortization |  | $ | 365,997 |  |  | $ | 530,786 |
Interest expense: |  |  |  |  |  |  |  |
Corporate headquarters |  | $ | 9,392 |  |  | $ | 6,121 |
Europe |  |  | - |  |  |  | 4,642 |
Asia - Pacific |  |  | 248,827 |  |  |  | 265,254 |
Consolidated |  | $ | 258,219 |  |  | $ | 276,017 |
Interest expense |  | $ | 258,219 |  |  | $ | 276,017 |
Income tax expense: |  |  |  |  |  |  |  |
Asia - Pacific |  | $ | 229,817 |  |  | $ | 121,895 |
Consolidated |  | $ | 229,817 |  |  | $ | 121,895 |
Income tax expense |  | $ | 229,817 |  |  | $ | 121,895 |
SUMMARY OF CAPITAL EXPENDITURES | The following table presents a summary of capital expenditures for the three months ended September 30: SUMMARY OF CAPITAL EXPENDITURES
|  | For the Three Months |
|  | Ended September 30, |
|  | 2024 |  |  | 2023 |
Capital expenditures: |  |  |  |  |  |  |  |
North America |  | $ | 3,841 |  |  | $ | - |
Europe |  |  | 37,494 |  |  |  | 333,754 |
Asia - Pacific |  |  | 59,402 |  |  |  | 37,876 |
Consolidated |  | $ | 100,737 |  |  | $ | 371,630 |
Capital expenditures |  | $ | 100,737 |  |  | $ | 371,630 |

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of reconciliation of other items from reportable segments to their consolidated amount. Excludes reconciliation of revenue, profit (loss), and assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration