Quarterly report pursuant to Section 13 or 15(d)

REVENUE RECOGNITION (Tables)

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REVENUE RECOGNITION (Tables)
 6 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
SCHEDULE OF DISAGGREGATED REVENUE BY CATEGORY

The Company’s disaggregated revenue by category is as follows:

 

    2023     2022     2023     2022  
    For the Three Months     For the Six Months  
    Ended December 31,     Ended December 31,  
    2023     2022     2023     2022  
Core:                        
License   $ 2,990,453     $ 15,884     $ 4,270,902     $ 265,844  
Subscription and support     6,827,781       6,502,669       13,340,024       12,519,503  
Services     4,114,077       4,818,461       9,088,631       10,239,827  
Total core revenue, net     13,932,311       11,337,014       26,699,557       23,025,174  
                                 
Non-Core:                                
Services     1,305,630       1,053,344       2,780,565       2,071,303  
Total non-core revenue, net     1,305,630       1,053,344       2,780,565       2,071,303  
                                 
Total net revenue   $ 15,237,941     $ 12,390,358     $ 29,480,122     $ 25,096,477  
SCHEDULE OF REVENUES IN EXCESS OF BILLINGS AND DEFERRED REVENUE

The Company’s revenues in excess of billings and unearned revenue are as follows:

 

    As of     As of  
   

December 31,

2023

    

June 30,

2023

  
             
Revenues in excess of billings   $ 17,033,684     $ 12,377,677  
                 
Unearned revenue   $ 4,426,008     $ 7,932,306  
SCHEDULE OF UNEARNED REVENUE RECONCILIATION

The Company’s unearned revenue reconciliation is as follows:

 

   

Unearned

Revenue

  
       
Balance at June 30, 2023   $ 7,932,306  
Invoiced     7,323,061  
Revenue Recognized     (10,944,715 )
Adjustments     115,356  
Balance at December 31, 2023   $ 4,426,008