Quarterly report pursuant to Section 13 or 15(d)

ACCOUNTING POLICIES (Tables)

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ACCOUNTING POLICIES (Tables)
6 Months Ended
Dec. 31, 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 December 31, 2023, were as follows:

 

    Level 1     Level 2     Level 3     Total Assets  
Revenues in excess of billings - long term   $      -     $     -     $ 734,397     $ 734,397  
Total   $ -     $ -     $ 734,397     $ 734,397  
SCHEDULE OF FAIR VALUE OF FINANCIAL INSTRUMENTS RECONCILIATION

The reconciliation from June 30, 2023 to December 31, 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     -       18,464       18,464  
Effect of Translation Adjustment     (7,968 )     6       (7,962 )
Balance at December 31, 2023   $ 819,885     $ (85,488 )   $ 734,397