NOTE 6 – MAJOR CUSTOMERS

During the three months ended September 30, 2024, revenues from Daimler Financial Services (“DFS”) and BMW Financial (“BMW”) were $3,217,541 and $2,472,701, respectively representing 22.3% and 17.1%, respectively of revenues. During the three months ended September 30, 2023, revenues from DFS and BMW were $3,687,631 and $1,058,137, respectively representing 25.9% and 7.4%, respectively of revenues. The revenues from DFS are shown in the Asia – Pacific segment. The revenues from BMW are shown in the Asia – Pacific and North America segments.

Accounts receivable from DFS and BMW at September 30, 2024, were $478,783 and $161,788, respectively. Accounts receivable from DFS and BMW at June 30, 2024, were $538,648 and $505,875, respectively. Revenues in excess of billings at September 30, 2024, were $716,952 and $542,374, respectively. Revenues in excess of billings at June 30, 2024, were $892,109 and $1,419,997, respectively.