Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v2.4.0.6
Segment Information
6 Months Ended
Dec. 31, 2011
Segment Information  
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,
 
    2011     2010     2011     2010  
    (Unaudited)     (Unaudited)  
Revenues:                                
Commercial and industrial laundry and dry cleaning equipment and boilers   $ 11,195,478     $ 10,051,888     $ 4,935,154     $ 5,233,242  
License and franchise operations     94,643       66,371       47,096       30,967  
Total revenues   $ 11,290,121     $ 10,118,259     $ 4,982,250     $ 5,264,209  
Operating income (loss):                                
Commercial and industrial laundry and dry cleaning equipment and boilers   $ 574,279     $ 460,948     $ 115,925     $ 181,038  
License and franchise operations     22,771       54,387       10,253       28,319  
Corporate     (200,774 )     (181,095 )     (102,307 )     (81,760 )
Total operating income   $ 396,276     $ 334,240     $ 23,871     $ 127,597  

 

    December 31, 2011     June 30, 2011  
    (Unaudited)     (Audited)  
Identifiable assets:                
Commercial and industrial laundry and dry cleaning equipment and boilers   $ 9,784,622     $ 10,293,717  
License and franchise operations     544,249       522,012  
Corporate     319,664       179,772  
Total assets   $ 10,648,535     $ 10,995,501