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DEFERRED REVENUE

12 Months Ended

Jun. 30, 2021

Deferred Revenue Disclosure [Abstract]

DEFERRED REVENUE

Deferred revenue consisted of the following at June 30:

		2021				2020
Subscription		$	1,513,729			$	1,596,228
Other			241,612				249,119
		$	1,755,341			$	1,845,347

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- References

No definition available.

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- Definition

The entire disclosure for deferred revenues at the end of the reporting period, and description and amounts of significant changes that occurred during the reporting period. Deferred revenue is a liability as of the balance sheet date related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 430
-URI http://asc.fasb.org/topic&trid=2122452

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