v3.5.0.2
SEGMENT REPORTING
 3 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
Note 14. SEGMENT REPORTING
 
ASC 280, “Segment Reporting,” establishes standards for reporting information about operating segments on a basis consistent with the Company's internal organizational structure as well as information about geographical areas, business segments and major customers in financial statements for details on the Company's business segments.
 
The Company's chief operating decision maker has been identified as the Chief Executive Office who reviews the financial information of separate operating segments when making decisions about allocating resources and assessing performance of the group. As the Company has determined that it has four operating segments: shipping agency & ship management services, shipping & chartering services, inland transportation management services, and freight logistics services. However, due to the downturn of the shipping industry, the Company has decided to temporarily suspend to provide shipping agency & ship management services, and shipping & chartering services.
 
The following tables present summary information by segment for the three months ended September 30, 2016 and 2015, respectively:
 
 
 
For the three months Ended September 30, 2016
 
 
 
 
 
 
 
Inland
 
 
 
 
 
 
 
Shipping Agency &
 
 
 
Transportation
 
 
 
 
 
 
 
Ship Management
 
Shipping & Chartering
 
Management
 
Freight Logistic
 
 
 
 
 
Services
 
Services
 
Services
 
Services
 
Total
 
Revenues
 
$
-
 
$
-
 
$
1,485,735
 
$
458,667
 
$
1,944,402
 
Cost of revenues
 
$
-
 
$
-
 
$
104,001
 
$
202,338
 
$
306,339
 
Gross profit
 
$
-
 
$
-
 
$
1,381,734
 
$
256,329
 
$
1,638,063
 
Depreciation and amortization
 
$
-
 
$
-
 
$
7,972
 
$
5,370
 
$
13,342
 
Total capital expenditures
 
$
-
 
$
-
 
$
-
 
$
-
 
$
-
 
 
 
 
For the three months Ended September 30, 2015
 
 
 
 
 
 
 
Inland
 
 
 
 
 
 
 
Shipping Agency &
 
 
 
Transportation
 
 
 
 
 
 
 
Ship Management
 
Shipping & Chartering
 
Management
 
Freight Logistic
 
 
 
 
 
Services
 
Services
 
Services
 
Services
 
Total
 
Revenues
 
$
1,059,385
 
$
446,218
 
$
1,193,615
 
$
-
 
$
2,699,218
 
Cost of revenues
 
$
847,613
 
$
204,510
 
$
188,553
 
$
-
 
$
1,240,676
 
Gross profit
 
$
211,772
 
$
241,708
 
$
1,005,062
 
$
-
 
$
1,458,542
 
Depreciation and amortization
 
$
9,910
 
$
176
 
$
5,266
 
$
-
 
$
15,352
 
Total capital expenditures
 
$
927
 
$
-
 
$
-
 
$
-
 
$
927
 
 
Total assets as of:
 
 
 
September 30,
 
June 30,
 
 
 
2016
 
2016
 
 
 
 
 
 
 
Shipping Agency and Ship Management Services
 
$
-
 
$
1,271,948
 
Shipping & Chartering Services
 
 
-
 
 
534,896
 
Inland Transportation Management Services
 
 
9,331,229
 
 
7,247,300
 
Freight Logistic Services
 
 
163,112
 
 
-
 
Total Assets
 
$
9,494,341
 
$
9,054,144