NOTE 7 – MAJOR CUSTOMERS

During the nine months ended March 31, 2019, revenues from two customers were $17,137,545 and $10,339,704 representing 33.9% and 20.5% of revenues. During the nine months ended March 31, 2018, revenues from one customer was $16,242,790 representing 36.7% or revenues. The revenue from these customers are shown in the Asia – Pacific segment.

Accounts receivable from the two customers at March 31, 2019, were $12,178,689 and 163,121, respectively. Accounts receivable at June 30, 2018, were $4,417,709 and $nil, respectively. Revenues in excess of billings at March 31, 2019, were $2,771,761 and $5,572,940, respectively. Revenues in excess of billings at June 30, 2018, were $12,508,815 and $nil, respectively. Included in this amount was $Nil and $1,206,669 shown as long term at March 31, 2019 and June 30, 2018, respectively.