Annual report pursuant to Section 13 and 15(d)

LONG-TERM INVESTMENT (Tables)

v3.22.2.2
LONG-TERM INVESTMENT (Tables)
 12 Months Ended
Jun. 30, 2022
Investments, All Other Investments [Abstract]  
SCHEDULE OF LONG TERM INVESTMENT

The following table reflects the above investments at June 30, 2022.

 

    Drivemate     WRLD3D     Total  
Gross investment   $ 1,800,000     $ 3,888,889     $ 5,688,889  
Cumulative net loss on investment     (740,632 )     (3,238,647 )     (3,979,279 )
Cumulative other comprehensive income (loss)     -       (650,242 )     (650,242 )
Net investment   $ 1,059,368     $ -     $ 1,059,368  

 

The following table reflects the above investments at June 30, 2021.

 

    Drivemate     WRLD3D     Total  
Gross investment   $ 1,800,000     $ 3,888,889     $ 5,688,889  
Cumulative net loss on investment     (38,853 )     (1,924,134 )     (1,962,987 )
Cumulative other comprehensive income (loss)     -       (570,050 )     (570,050 )
Net investment   $ 1,761,147     $ 1,394,705     $ 3,155,852