Quarterly report pursuant to Section 13 or 15(d)

OTHER CURRENT ASSETS

v3.22.2.2
OTHER CURRENT ASSETS
 3 Months Ended
Sep. 30, 2022
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     As of  
    September 30, 2022     June 30, 2022  
             
Prepaid Expenses   $ 1,356,902     $ 1,389,370  
Advance Income Tax     199,320       202,783  
Employee Advances     90,550       87,627  
Security Deposits     331,301       236,909  
Other Receivables     61,614       21,581  
Other Assets     440,728       285,091  
Due From Related Party     1,243,633       1,243,633  
Total     3,724,048       3,466,994  
Less allowance for doubtful account     (1,243,633 )     (1,243,633 )
Net Balance   $ 2,480,415     $ 2,223,361  

 

 

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