Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v2.4.0.8
Segment Information
9 Months Ended
Mar. 31, 2014
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 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