MAJOR CUSTOMERS |
12 Months Ended |
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Jun. 30, 2024 | |
| Risks and Uncertainties [Abstract] | |
| MAJOR CUSTOMERS |
NOTE 6 – MAJOR CUSTOMERS
During the year ended June 30, 2024, revenues from Daimler Financial Services (“DFS”) were $15,670,054 representing 25.5% of revenues. During the year ended June 30, 2023, revenues from Daimler Financial Services (“DFS”) were $14,982,394 representing 28.6% of revenues. The revenues from DFS are shown in the Asia – Pacific segment.
Accounts receivable from DFS at June 30, 2024 and 2023 were $538,648 and $4,368,881, respectively. Revenues in excess of billings at June 30, 2024 and 2023 were $892,109 and $1,961,750, respectively.
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- Definition The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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