Quarterly report [Sections 13 or 15(d)]

ACCOUNTING POLICIES (Tables)

v3.25.1
ACCOUNTING POLICIES (Tables)
9 Months Ended
Mar. 31, 2025
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 March 31, 2025, were as follows:

 

    Level 1     Level 2     Level 3     Total Assets  
Revenues in excess of billings - long term   $ -     $ -     $ 697,486     $ 697,486  
Total   $ -     $ -     $ 697,486     $ 697,486  

 

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 March 31, 2025 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     -       54,833       54,833  
Transfers to short term     (310,446 )     -       (310,446 )
Effect of Translation Adjustment     (1,258 )     328       (930 )
Balance at March 31, 2025   $ 794,771     $ (97,285 )   $ 697,486