Quarterly report [Sections 13 or 15(d)]

MAJOR CUSTOMERS

v3.25.1
MAJOR CUSTOMERS
 9 Months Ended
Mar. 31, 2025
Risks and Uncertainties [Abstract]  
MAJOR CUSTOMERS

NOTE 6 – MAJOR CUSTOMERS

 

The following table describes the revenues from major customers:

 

    For the Three Months     For the Nine Months  
    Ended March 31,     Ended March 31,  
    2025     %     2024     %     2025     %     2024     %  
Net Revenues:                                                                
Daimler Financial Services   $ 2,900,468       16.5 %   $ 4,207,409       27.2 %   $ 9,160,858       19.2 %   $ 11,840,101       26.3 %
BMW Financial   $ 3,314,902       18.9 %   $ 1,422,068       9.2 %   $ 8,903,689       18.7 %   $ 3,180,171       7.1 %

 

The following table describes the receivables from major customers:

 

    As of     As of  
    March 31, 2025     June 30, 2024  
Accounts Receivable                
Daimler Financial Services   $ 1,005,108     $ 538,648  
BMW Financial   $ 771,436     $ 505,875  
                 
Revenue in Excess of Billing                
Daimler Financial Services   $ 649,671     $ 892,109  
BMW Financial   $ 2,246,214     $ 1,419,997