Annual report pursuant to Section 13 and 15(d)

LONG-TERM INVESTMENT (Tables)

v3.23.3
LONG-TERM INVESTMENT (Tables)
 12 Months Ended
Jun. 30, 2023
Investments, All Other Investments [Abstract]  
SCHEDULE OF LONG TERM INVESTMENT

The following table reflects the above investments at June 30, 2023 and 2022.

 

SCHEDULE OF LONG TERM INVESTMENT

    Investment in  
    Drivemate  
Gross investment at June 30, 2021   $ 1,800,000  
Cumulative net loss on investment     (89,614 )
Impairment     (651,018 )
Net investment at June 30, 2022     1,059,368  
Share of net income for the year     7,510  
Impairment     (1,041,482 )
Net investment at June 30, 2023   $ 25,396