| 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 nine months ended
March 31, |
|
For the three months ended
March 31, |
| |
|
2014 |
|
2013 |
|
2014 |
|
2013 |
| |
|
(Unaudited) |
|
(Unaudited) |
| |
|
|
|
|
|
|
|
|
| Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial laundry, dry
cleaning equipment and boilers |
|
$ |
24,674,874 |
|
|
$ |
19,396,448 |
|
|
$ |
6,493,607 |
|
|
$ |
6,526,830 |
|
| License and franchise operations |
|
|
203,262 |
|
|
|
143,069 |
|
|
|
55,886 |
|
|
|
53,864 |
|
| Total revenues |
|
$ |
24,878,136 |
|
|
$ |
19,539,517 |
|
|
$ |
6,549,493 |
|
|
$ |
6,580,694 |
|
Operating income (loss):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial and industrial laundry, dry
cleaning equipment and boilers |
|
$ |
2,149,139 |
|
|
$ |
1,084,744 |
|
|
$ |
580,237 |
|
|
$ |
480,982 |
|
| License and franchise operations |
|
|
83,984 |
|
|
|
31,793 |
|
|
|
11,376 |
|
|
|
4,952 |
|
| Corporate |
|
|
(280,587 |
) |
|
|
(276,848 |
) |
|
|
(87,276 |
) |
|
|
(85,633 |
) |
| Total operating income |
|
$ |
1,952,536 |
|
|
$ |
839,689 |
|
|
$ |
504,337 |
|
|
$ |
400,301 |
|
| |
|
March 31, 2014 |
|
June 30, 2013 |
| |
|
(Unaudited) |
|
(Audited) |
| Identifiable assets: |
|
|
|
|
|
|
|
|
| Commercial and industrial laundry, dry cleaning equipment and boilers |
|
$ |
8,651,353 |
|
|
$ |
10,204,113 |
|
| License and franchise operations |
|
|
434,510 |
|
|
|
647,519 |
|
| Corporate |
|
|
115,949 |
|
|
|
200,698 |
|
| Total assets |
|
$ |
9,201,812 |
|
|
$ |
11,052,330 |
|
|