| SCHEDULE OF DISAGGREGATED REVENUE BY CATEGORY |
The
Company’s disaggregated revenue by category is as follows:
SCHEDULE OF DISAGGREGATED REVENUE BY CATEGORY
| |
|
2024 |
|
|
2023 |
|
| |
|
For
the Three Months |
|
| |
|
Ended
September 30, |
|
| |
|
2024 |
|
|
2023 |
|
| Core: |
|
|
|
|
|
|
|
|
| License |
|
$ |
1,229 |
|
|
$ |
1,280,449 |
|
| Subscription
and support |
|
|
8,192,471 |
|
|
|
6,512,243 |
|
| Services |
|
|
5,526,635 |
|
|
|
4,974,554 |
|
| Total
core revenue, net |
|
|
13,720,335 |
|
|
|
12,767,246 |
|
| |
|
|
|
|
|
|
|
|
| Non-Core: |
|
|
|
|
|
|
|
|
| Services |
|
|
878,163 |
|
|
|
1,474,935 |
|
| Total
non-core revenue, net |
|
|
878,163 |
|
|
|
1,474,935 |
|
| |
|
|
|
|
|
|
|
|
| Total
net revenue |
|
$ |
14,598,498 |
|
|
$ |
14,242,181 |
|
|
| SCHEDULE OF REVENUES IN EXCESS OF BILLINGS AND DEFERRED REVENUE |
The
Company’s revenues in excess of billings and unearned revenue are as follows:
SCHEDULE OF REVENUES IN EXCESS OF BILLINGS AND DEFERRED REVENUE
| |
|
As
of |
|
|
As
of |
|
| |
|
September
30, 2024 |
|
|
June
30, 2024 |
|
| |
|
|
|
|
|
|
| Revenues
in excess of billings |
|
$ |
13,609,959 |
|
|
$ |
13,638,547 |
|
| |
|
|
|
|
|
|
|
|
| Unearned
revenue |
|
$ |
6,923,112 |
|
|
$ |
8,752,153 |
|
|
| SCHEDULE OF UNEARNED REVENUE RECONCILIATION |
The
Company’s unearned revenue reconciliation is as follows:
SCHEDULE OF UNEARNED REVENUE RECONCILIATION
| |
|
Unearned
Revenue |
|
| Balance
at June 30, 2024 |
|
$ |
8,752,153 |
|
| Invoiced |
|
|
5,640,585 |
|
| Revenue
Recognized |
|
|
(7,530,607 |
) |
| Adjustments |
|
|
60,981 |
|
| Balance
at September 30, 2024 |
|
$ |
6,923,112 |
|
|