Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v2.4.0.8
Segment Information
3 Months Ended
Sep. 30, 2013
Segment Information  
Segment Information

Note (6) - Segment Information: The Company’s reportable segments are strategic businesses that offer different products and services. They are managed separately because each business requires different marketing strategies. The Company primarily evaluates the operating performance of its segments based on the categories noted in the table below. The Company has no sales between segments. Financial information for the Company’s business segments is as follows:

    For the three months ended
September 30,
    2013   2012
    (Unaudited)   (Unaudited)
Revenues:                
Commercial and industrial laundry and dry
cleaning equipment and boilers
  $ 8,420,795     $ 6,460,340  
License and franchise operations     72,435       52,774  
                 
Total revenues   $ 8,493,230     $ 6,513,114  
                 
Operating income (loss):                
Commercial and industrial laundry and dry
cleaning equipment and boilers
  $ 752,718     $ 313,642  
License and franchise operations     36,796       19,678  
Corporate     (106,309 )     (90,896 )
                 
Total operating income   $ 683,205     $ 242,424  

 

    September 30,
2013
  June 30,
2013
    (Unaudited)   (Audited)
Identifiable assets:                
Commercial and industrial laundry and dry
cleaning equipment and boilers
  $ 12,560,852     $ 10,204,113  
License and franchise operations     266,228       647,519  
Corporate     123,629       200,698  
                 
Total assets   $ 12,950,709     $ 11,052,330