| Schedule of segment reporting |
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 |
|
|