Annual report [Section 13 and 15(d), not S-K Item 405]

MAJOR CUSTOMERS

v3.25.2
MAJOR CUSTOMERS
 12 Months Ended
Jun. 30, 2025
Risks and Uncertainties [Abstract]  
MAJOR CUSTOMERS

NOTE 5 – MAJOR CUSTOMERS

 

The following table describes the revenues from major customers:

 

    For the Years  
    Ended June 30,  
    2025     %     2024     %  
Net Revenues:                        
Daimler Financial Services   $ 12,593,836       19.1 %   $ 15,670,054       25.5 %
BMW Financial   $ 10,671,666       16.1 %   $ 4,334,024       7.1 %

 

The following table describes the receivables from major customers:

 

    As of     As of  
    June 30, 2025     June 30, 2024  
Accounts Receivable                
Daimler Financial Services   $ 1,268,847     $ 538,648  
BMW Financial   $ 850,319     $ 505,875  
                 
Revenue in Excess of Billing                
Daimler Financial Services   $ 489,208     $ 892,109  
BMW Financial   $ 2,303,982     $ 1,419,997