The chief operating decision makers have been identified as the Chairman, Chief Executive Officer and Chief Financial Officer of the Company. The Company organizes its internal financial reporting structure based on its main product and service offerings.

 

Based on the criteria established by ASC 280, (“ASC 280”), the Company has determined that the reportable segments of the Company consist of (1) IA, (2) Rail, (3) M&E and (4) miscellaneous, in accordance with the Company’s organization and internal financial reporting structure. The chief operating decision makers assess the performance of the operating segments based on the measures of revenues, costs and gross profit. Other than the information provided below, the chief operating decision makers do not use any other measures by segments.

 

Summarized information by segments for the years ended June 30, 2016, 2017, and 2018 is as follows:

  

 

 

 

The Company’s assets are shared among the segments thus no assets have been designated to specific segments.

 

The majority of the Company’s revenues and long-lived assets other than goodwill and intangible assets are derived from and located in the PRC. The following table sets forth the revenues by geographical area:

 

 

The following table sets forth the long-lived assets other than goodwill and intangible assets by geographical area: