| Segment Information |
Note (7) - 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 six months ended
December 31, |
|
For the three months ended
December 31, |
| |
|
2013 |
|
2012 |
|
2013 |
|
2012 |
| |
|
(Unaudited) |
|
(Unaudited) |
| Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial laundry and
dry cleaning equipment and boilers |
|
$ |
18,181,267 |
|
|
$ |
12,869,618 |
|
|
$ |
9,760,472 |
|
|
$ |
6,409,278 |
|
| License and franchise operations |
|
|
147,376 |
|
|
|
89,205 |
|
|
|
74,941 |
|
|
|
36,431 |
|
| Total revenues |
|
$ |
18,328,643 |
|
|
$ |
12,958,823 |
|
|
$ |
9,835,413 |
|
|
$ |
6,445,709 |
|
Operating income (loss): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial laundry and
dry cleaning equipment and boilers |
|
$ |
1,568,902 |
|
|
$ |
603,762 |
|
|
$ |
816,184 |
|
|
$ |
290,121 |
|
| License and franchise operations |
|
|
72,608 |
|
|
|
26,841 |
|
|
|
35,812 |
|
|
|
7,163 |
|
| Corporate |
|
|
(193,311 |
) |
|
|
(191,215 |
) |
|
|
(87,002 |
) |
|
|
(100,319 |
) |
| Total operating income |
|
$ |
1,448,199 |
|
|
$ |
439,388 |
|
|
$ |
764,994 |
|
|
$ |
196,965 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
December 31, 2013 |
|
June 30, 2013 |
| |
|
(Unaudited) |
|
(Audited) |
| Identifiable assets: |
|
|
|
|
|
|
|
|
Commercial and industrial laundry and dry cleaning equipment and
boilers |
|
$ |
10,159,690 |
|
|
$ |
10,204,113 |
|
| License and franchise operations |
|
|
292,867 |
|
|
|
647,519 |
|
| Corporate |
|
|
121,425 |
|
|
|
200,698 |
|
| Total assets |
|
$ |
10,573,982 |
|
|
$ |
11,052,330 |
|
|