Quarterly report pursuant to Section 13 or 15(d)

OTHER CURRENT ASSETS

v3.22.1
OTHER CURRENT ASSETS
 9 Months Ended
Mar. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
OTHER CURRENT ASSETS

NOTE 8 - OTHER CURRENT ASSETS

 

Other current assets consisted of the following:

 

    As of     As of  
    March 31, 2022     June 30, 2021  
             
Prepaid Expenses   $ 1,709,971     $ 1,987,556  
Advance Income Tax     379,638       344,699  
Employee Advances     112,595       28,816  
Security Deposits     252,941       281,464  
Other Receivables     93,628       143,258  
Other Assets     315,969       223,600  
Due From Related Party     1,243,633       1,243,633  
Total      4,108,375       4,253,026  
Less allowance for doubtful account     (1,243,633 )     (1,243,633 )
Net Balance   $ 2,864,742     $ 3,009,393  

 

Due from related party is the amount receivable from WRLD3D for which we have provided an allowance for credit loss for the full amount, leaving a net balance of $0.