Major Customers (Details Narrative) |
12 Months Ended | ||||
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Dec. 21, 2015
USD ($)
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Dec. 21, 2015
EUR (€)
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Jun. 30, 2018
USD ($)
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Jun. 30, 2017
USD ($)
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Dec. 21, 2015
EUR (€)
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Revenues in excess of billings | $ 14,285,778 | $ 19,126,389 | |||
Revenue in excess of billing - long term | 1,206,669 | 5,173,538 | |||
Customer [Member] | Years 1-5 [Member] | |||||
Fixed annual payments | $ 7,697,000 | ||||
Customer [Member] | Years 6-10 [Member] | |||||
Fixed annual payments | $ 10,987,000 | ||||
EURO [Member] | Customer [Member] | Years 1-5 [Member] | |||||
Fixed annual payments | € | € 5,850,000 | ||||
EURO [Member] | Customer [Member] | Years 6-10 [Member] | |||||
Fixed annual payments | € | € 8,350,000 | ||||
Daimler Financial Services [Member] | |||||
Consisting of license | 230,815 | 16,545,603 | |||
Maintenance revenue | 2,708,808 | 2,473,889 | |||
Services revenue | 19,189,945 | 10,016,552 | |||
Accounts receivable, gross | 4,417,709 | 1,620,717 | |||
Revenues in excess of billings | 12,508,815 | 18,579,540 | |||
Revenue in excess of billing - long term | $ 1,206,669 | $ 5,173,538 | |||
Agreement description | On December 21, 2015, the Company entered into a 10-year contract with Daimler Financial Services to provide license, maintenance and services for 12 countries in the Asia Pacific Region. The implementation phase is expected to be over a five-year period with maintenance and support over 10 years. | On December 21, 2015, the Company entered into a 10-year contract with Daimler Financial Services to provide license, maintenance and services for 12 countries in the Asia Pacific Region. The implementation phase is expected to be over a five-year period with maintenance and support over 10 years. | |||
License and maintenance fees | $ 82,558,000 | ||||
Daimler Financial Services [Member] | EURO [Member] | |||||
License and maintenance fees | € | € 71,000,000 | ||||
Daimler Financial Services [Member] | Revenue [Member] | |||||
Concentration risk, percentage | 36.30% | 44.30% |
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- Definition Agreement description. No definition available.
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- Definition Consisting of license. No definition available.
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- Definition Fixed annual payments. No definition available.
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- Definition License and maintenance fees. No definition available.
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- Definition For unclassified balance sheet, amounts due from customers or clients for goods or services that have been delivered or sold in the normal course of business. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of receivable reflecting the cost incurred on uncompleted contracts in excess of related billings which is expected to be collected after one year or beyond the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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- Definition Amount of receivable reflecting the cost incurred on uncompleted contracts in excess of related billings which is expected to be collected within one year or the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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