SEGMENT REPORTING

9 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

10. SEGMENT REPORTING

ASC 280, “Segment Reporting”, establishes standards for reporting information about operating segments on a basis consistent with the Company's internal organizational structure as well as information about geographical areas, business segments and major customers in financial statements for details on the Company's business segments.

The Company's chief operating decision maker has been identified as the Chief Executive Officer who reviews the financial information of separate operating segments when making decisions about allocating resources and assessing performance of the group. Based on management's assessment, the Company has determined that it has three operating segments: shipping agency service, shipping and chartering services, and in land transportation management services.

Historically, the Company engages primarily in the delivery of shipping agency services but during fiscal 2014,,it has expanded its service delivery platform to include shipping and chartering services (launched during the quarter ended September 30, 2013) and inland transportation management services (launched during the quarter ended December 31, 2013). These new services are part of the Company’s strategic initiatives to diversify its service offering, broaden its service platform, and improve its operating profit.

The following tables present summary information by segment for the nine and three months ended March 31, 2014 and 2013, respectively:

	For the Nine Months Ended March 31, 2014
	Shipping Agency Service		Shipping & Chartering Services		Inland Transportation Management Services		Total
Revenues	$	4,628,578	$	1,937,196	$	1,316,600	$	7,882,374
Cost of revenues	$	3,598,641	$	1,291,048	$	187,396	$	5,077,085
Gross profit	$	1,029,937	$	646,148	$	1,129,204	$	2,805,289
Depreciation and amortization	$	74,525	$	699	$	27,817	$	103,041
Total capital expenditures	$	193,001	$	-	$	10,701	$	203,702
Total assets	$	3,099,046	$	446,594	$	972,707	$	4,518,347

	For the Nine Months Ended March 31, 2013
	Shipping Agency Service		Shipping & Chartering Services		Inland Transportation Management Services		Total
Revenues	$	16,650,903	$	-	$	-	$	16,650,903
Cost of revenues	$	15,118,150	$	-	$	-	$	15,118,150
Gross profit	$	1,532,753	$	-	$	-	$	1,532,753
Depreciation and amortization	$	139,859	$	-	$	-	$	139,859
Total capital expenditures	$	50,198	$	-	$	-	$	50,198
Total assets	$	7,878,407	$	-	$	-	$	7,878,407

	For the Three Months Ended  March 31, 2014
	Shipping Agency Service		Shipping & Chartering Services		Inland Transportation Management Services		Total
Revenues	$	1,226,015	$	-	$	866,510	$	2,092,525
Cost of revenues	$	825,181	$	-	$	123,333	$	948,514
Gross profit	$	400,834	$	-	$	743,177	$	1,144,011
Depreciation and amortization	$	19,852	$	233	$	9,324	$	29,409
Total capital expenditures	$	1,472	$	-	$	8,861	$	10,333
Total assets	$	3,099,046	$	446,594	$	972,707	$	4,518,347

	For Three Months Ended March 31, 2013
	Shipping Agency Service		Shipping & Chartering Services		Inland Transportation Management Services		Total
Revenues	$	2,339,074	$	-	$	-	$	2,339,074
Cost of revenues	$	1,993,924	$	-	$	-	$	1,993,924
Gross profit	$	345,150	$	-	$	-	$	345,150
Depreciation and amortization	$	86,435	$	-	$	-	$	86,435
Total capital expenditures	$	132	$	-	$	-	$	132
Total assets	$	7,878,407	$	-	$	-	$	7,878,407