Quarterly report pursuant to Section 13 or 15(d)

REVENUE RECOGNITION (Tables)

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REVENUE RECOGNITION (Tables)
 9 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
SCHEDULE OF DISAGGREGATED REVENUE BY CATEGORY

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

 

                 
    For the Three Months     For the Nine Months  
    Ended March 31,     Ended March 31,  
    2024     2023     2024     2023  
Core:                                
License   $ 558,340     $ 1,982,985     $ 4,829,242     $ 2,248,829  
Subscription and support     7,140,358       6,656,082       20,480,382       19,175,585  
Services     6,477,849       3,869,444       15,566,480       14,109,271  
Total core revenue, net     14,176,547       12,508,511       40,876,104       35,533,685  
                                 
Non-Core:                                
Services     1,287,969       997,878       4,068,534       3,069,181  
Total non-core revenue, net     1,287,969       997,878       4,068,534       3,069,181  
                                 
Total net revenue   $ 15,464,516     $ 13,506,389     $ 44,944,638     $ 38,602,866  

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  
    March 31, 2024     June 30, 2023  
             
Revenues in excess of billings   $ 16,412,388     $ 12,377,677  
                 
Unearned revenue   $ 9,503,548     $ 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     18,714,384  
Revenue Recognized     (17,213,051 )
Adjustments     69,909  
Balance at March 31, 2024   $ 9,503,548