SEGMENT REPORTING

9 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

14. 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 and ship management services, shipping and chartering services, and in land transportation management services.

The following tables present summary information by segment for the nine and three months ended March 31, 2015 and 2014, respectively:

	For the nine months ended March 31, 2015
	Shipping Agency and Ship Management Services		Shipping & Chartering Services		Inland Transportation Management Services		Total
Revenues	$	4,690,972	$	-	$	3,534,295	$	8,225,267
Cost of revenues	$	3,756,926	$	-	$	547,665	$	4,304,591
Gross profit	$	934,046	$	-	$	2,986,630	$	3,920,676
Depreciation and amortization	$	132,203	$	-	$	8,261	$	140,464
Total capital expenditures	$	84,086	$	-	$	-	$	84,086
Total assets	$	7,869,985	$	-	$	231,746	$	8,101,731

	For the nine months ended March 31, 2014
	Shipping Agency and Ship Management Services		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 three months ended March 31, 2015
	Shipping Agency and Ship Management Services		Shipping & Chartering Services		Inland Transportation Management Services		Total
Revenues	$	1,231,182	$	-	$	1,295,580	$	2,526,762
Cost of revenues	$	980,136	$	-	$	240,441	$	1,220,577
Gross profit	$	251,046	$	-	$	1,055,139	$	1,306,185
Depreciation and amortization	$	29,511	$	-	$	2,589	$	32,100
Total capital expenditures	$	56,978	$	-	$	-	$	56,978
Total assets	$	7,869,985	$	-	$	231,746	$	8,101,731

	For the three months ended March 31, 2014
	Shipping Agency and Ship Management Services		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	$	46,057
Total capital expenditures	$	1,472	$	-	$	8,861	$	10,333
Total assets	$	3,099,046	$	446,594	$	972,707	$	4,518,347