Annual report pursuant to Section 13 and 15(d)

Revenue Recognition (Tables)

v3.19.2
Revenue Recognition (Tables)
 12 Months Ended
Jun. 30, 2019
Revenue Recognition and Deferred Revenue [Abstract]  
Schedule of Disaggregated Revenue by Category

The Company’s disaggregated revenue by category is as follows:

 

    For the Years  
    Ended June 30,  
    2019     2018  
Core:            
License   $ 16,768,749     $ 6,598,254  
Maintenance     15,010,171       14,382,309  
Services     28,338,793       28,187,168  
License - related party     -       261,513  
Maintenance fees - related party     511,242       418,444  
Services - related party     981,406       1,842,524  
Total core revenue, net     61,610,361       51,690,212  
                 
Non-Core:                
Services     5,847,199       5,424,814  
Services - related party     361,623       3,815,232  
Total non-core revenue, net     6,208,822       9,240,046  
                 
Total net revenue   $ 67,819,183     $ 60,930,258  
Schedule of Revenues in Excess of Billings and Deferred Revenue

The Company’s revenues in excess of billings and deferred revenue are as follows:

 

    As of     As of  
    June 30, 2019     July 1, 2018  
             
Revenues in excess of billings   $ 16,111,366     $ 6,956,966  
                 
Deferred Revenue   $ 5,977,736     $ 6,167,755