| Schedule of segment reporting |
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 |
|
|