Quarterly report pursuant to Section 13 or 15(d)

ACCOUNTING POLICIES (Tables)

v3.23.3
ACCOUNTING POLICIES (Tables)
3 Months Ended
Sep. 30, 2023
Accounting Policies [Abstract]  
SCHEDULE OF FAIR VALUE OF FINANCIAL ASSETS MEASURED ON RECURRING BASIS

The Company’s financial assets that were measured at fair value on a recurring basis as of September 30, 2023, were as follows:

 

    Level 1     Level 2     Level 3     Total Assets  
Revenues in excess of billings - long term   $    -     $    -     $ 724,875     $ 724,875  
Total   $    -     $    -     $ 724,875     $ 724,875  
SCHEDULE OF FAIR VALUE OF FINANCIAL INSTRUMENTS RECONCILIATION

The reconciliation from June 30, 2023 to September 30, 2023 is as follows:

 

    Revenues in excess of billings - long term     Fair value
discount
    Total  
Balance at June 30, 2023   $ -     $ -     $ -  
Additions     827,853       (103,958 )     723,895  
Amortization during the period     -       6,155       6,155  
Effect of Translation Adjustment     (4,875 )     (300 )     (5,175 )
Balance at September 30, 2023   $ 822,978     $ (98,103 )   $ 724,875