NOTE 6 – MAJOR CUSTOMERS

During the year ended June 30, 2019, revenues from two customers were $23,912,605 and $12,522,867 representing 35.3% and 18.5% of revenues. During the year ended June 30, 2018, revenues from one customer was $22,129,568 representing 36.3% or revenues. The revenue from these customers are shown in the Asia – Pacific segment.

Accounts receivable from the two customers at June 30, 2019, were $7,917,814 and $159,322, respectively. Accounts receivable at June 30, 2018, were $4,417,709 and $nil, respectively. Revenues in excess of billings at June 30, 2019, were $4,371,081 and $5,472,043, respectively. Revenues in excess of billings at June 30, 2018, were $12,508,815 and $nil, respectively. Included in this amount was $1,281,492 and $1,206,669 shown as long term at June 30, 2019 and 2018, respectively.