Quarterly report pursuant to Section 13 or 15(d)

OTHER CURRENT ASSETS

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OTHER CURRENT ASSETS
 6 Months Ended
Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
OTHER CURRENT ASSETS

NOTE 8 - OTHER CURRENT ASSETS

 

Other current assets consisted of the following:

 

   

As of

December 31, 2021

    

As of

June 30, 2021

  
             
Prepaid Expenses   $ 1,551,735     $ 1,987,556  
Advance Income Tax     359,964       344,699  
Employee Advances     65,848       28,816  
Security Deposits     253,778       281,464  
Other Receivables     57,605       143,258  
Other Assets     292,471       223,600  
Due From Related Party     1,243,633       1,243,633  
Total      3,825,034       4,253,026  
Less allowance for doubtful account     (1,243,633 )     (1,243,633 )
Net Balance   $ 2,581,401     $ 3,009,393  

 

Due from related party is the amount receivable from WRLD3D for which we have provided an allowance for credit loss for the full amount, leaving a net balance of $0.