Quarterly report pursuant to Section 13 or 15(d)

LONG TERM INVESTMENT (Tables)

v3.22.4
LONG TERM INVESTMENT (Tables)
 6 Months Ended
Dec. 31, 2022
Investments, All Other Investments [Abstract]  
SCHEDULE OF LONG TERM INVESTMENT

The following table reflects the above investments at December 31, 2022.

 

    Drivemate     WRLD3D     Total  
Gross investment   $ 1,800,000     $ 3,888,889     $ 5,688,889  
Cumulative net loss on investment     (735,499 )     (3,238,647 )     (3,974,146 )
Cumulative other comprehensive income (loss)     -       (650,242 )     (650,242 )
Net investment   $ 1,064,501     $ -     $ 1,064,501  

 

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

 

    Drivemate     WRLD3D     Total  
Gross investment   $ 1,800,000     $ 3,888,889     $ 5,688,889  
Cumulative net loss on investment     (740,632 )     (3,238,647 )     (3,979,279 )
Cumulative other comprehensive income (loss)     -       (650,242 )     (650,242 )
Net investment   $ 1,059,368     $ -     $ 1,059,368