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Contract Liabilities
9 Months Ended
Mar. 31, 2023
Contract Liabilities [Abstract]  
CONTRACT LIABILITIES

8. CONTRACT LIABILITIES

 

As of June 30, 2022 and March 31, 2023, the Company had total contract liabilities of $1,672,051 and $742,247, respectively. These liabilities are advance deposits received from customers after an order has been placed. As of March 31 2023, the Company expects all of the contract liabilities to be settled in less than one year. The decrease in the balance at March 31, 2023 was due to less orders on hand on that date.