Quarterly report pursuant to Section 13 or 15(d)

ACCOUNTING POLICIES (Tables)

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ACCOUNTING POLICIES (Tables)
6 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
SCHEDULE OF FAIR VALUE OF FINANCIAL ASSETS MEASURED ON RECURRING BASIS

The Company’s financial assets that were measured at fair value on a recurring basis as of December 31, 2024, were as follows:

 

    Level 1     Level 2     Level 3     Total Assets  
Revenues in excess of billings - long term   $      -     $      -     $ 777,428     $ 777,428  
Total   $ -     $ -     $ 777,428     $ 777,428  

 

The Company’s financial assets that were measured at fair value on a recurring basis as of June 30, 2024, are as follows:

 

    Level 1     Level 2     Level 3     Total Assets  
Revenues in excess of billings - long term   $      -     $      -     $ 954,029     $ 954,029  
Total   $ -     $ -     $ 954,029     $ 954,029  
SCHEDULE OF FAIR VALUE OF FINANCIAL INSTRUMENTS RECONCILIATION

The reconciliation from June 30, 2024 to December 31, 2024 is as follows:

 

    Revenues in excess of billings - long term     Fair value discount     Total  
Balance at June 30, 2024   $ 1,106,475     $ (152,446 )   $ 954,029  
Amortization during the period     -       36,734       36,734  
Transfers to short term     (206,964 )     -       (206,964 )
Effect of Translation Adjustment     (6,957 )     586       (6,371 )
Balance at December 31, 2024   $ 892,554     $ (115,126 )   $ 777,428