| SCHEDULE OF DISAGGREGATED REVENUE BY CATEGORY |
The Company’s disaggregated
revenue by category is as follows:
SCHEDULE OF DISAGGREGATED REVENUE BY CATEGORY
| |
|
2024 |
|
|
2023 |
|
|
2024 |
|
|
2023 |
|
| |
|
For the Three Months
Ended December 31, |
|
|
For the Six Months
Ended December 31, |
|
| |
|
2024 |
|
|
2023 |
|
|
2024 |
|
|
2023 |
|
| Core: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| License |
|
$ |
72,688 |
|
|
$ |
2,990,453 |
|
|
$ |
73,917 |
|
|
$ |
4,270,902 |
|
| Subscription and support |
|
|
8,642,629 |
|
|
|
6,827,781 |
|
|
|
16,835,100 |
|
|
|
13,340,024 |
|
| Services |
|
|
5,872,590 |
|
|
|
4,114,077 |
|
|
|
11,399,225 |
|
|
|
9,088,631 |
|
| Total core revenue, net |
|
|
14,587,907 |
|
|
|
13,932,311 |
|
|
|
28,308,242 |
|
|
|
26,699,557 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Non-Core: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Services |
|
|
948,754 |
|
|
|
1,305,630 |
|
|
|
1,826,917 |
|
|
|
2,780,565 |
|
| Total non-core revenue, net |
|
|
948,754 |
|
|
|
1,305,630 |
|
|
|
1,826,917 |
|
|
|
2,780,565 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total net revenue |
|
$ |
15,536,661 |
|
|
$ |
15,237,941 |
|
|
$ |
30,135,159 |
|
|
$ |
29,480,122 |
|
|
| SCHEDULE OF REVENUES IN EXCESS OF BILLINGS AND DEFERRED REVENUE |
The Company’s
revenues in excess of billings and unearned revenue are as follows:
SCHEDULE OF REVENUES IN EXCESS OF BILLINGS AND DEFERRED REVENUE
| |
|
As of |
|
|
As of |
|
| |
|
December 31, 2024 |
|
|
June 30, 2024 |
|
| |
|
|
|
|
|
|
| Revenues in excess of billings |
|
$ |
11,438,977 |
|
|
$ |
13,638,547 |
|
| |
|
|
|
|
|
|
|
|
| Unearned revenue |
|
$ |
3,320,286 |
|
|
$ |
8,752,153 |
|
|
| SCHEDULE OF UNEARNED REVENUE RECONCILIATION |
The Company’s
unearned revenue reconciliation is as follows:
SCHEDULE OF UNEARNED REVENUE RECONCILIATION
| |
|
Unearned Revenue |
|
| Balance at June 30, 2024 |
|
$ |
8,752,153 |
|
| Invoiced |
|
|
9,309,191 |
|
| Revenue Recognized |
|
|
(14,644,315 |
) |
| Adjustments |
|
|
(96,743 |
) |
| Balance at December 31, 2024 |
|
$ |
3,320,286 |
|
|