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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Dec. 31, 2023
Summary of Significant Accounting Policies  
Schedule of vendor concentration risk percentage

Three Months Ended

 

Six Months Ended

 

December 31, 

 

December 31, 

 

    

2023

  

  

2022

2023

  

  

2022

Vendor A

26

%

21

%

25

%

21

%

Vendor B

10

%

13

%

11

%

12

%

Schedule of revenue by geographical region

Three Months Ended

 

December 31, 

 

2023

 

2022

United States

$

6,070,189

    

58.9

%  

$

5,061,779

58.1

%

Europe

 

3,301,660

 

32.0

%  

 

2,963,155

 

34.0

%

Rest of World

 

941,893

 

9.1

%  

 

691,732

 

7.9

%

Total

$

10,313,742

 

100

%  

$

8,716,666

 

100

%

Six Months Ended

December 31, 

2023

 

2022

United States

$

11,931,113

    

58.6

%  

$

10,104,860

58.1

%

Europe

 

6,457,252

 

31.7

%  

 

5,972,746

 

34.3

%

Rest of World

 

1,986,348

 

9.7

%  

 

1,323,703

 

7.6

%

Total

$

20,374,713

 

100

%  

$

17,401,309

 

100

%

Schedule of accounts receivable by geographical region

As of December 31, 2023

 

As of June 30, 2023

United States

    

$

3,989,404

    

54.7

%  

$

3,727,977

60.6

%

Europe

 

2,317,166

 

31.8

%  

 

1,763,044

 

28.7

%

Rest of World

 

982,678

 

13.5

%  

 

662,042

 

10.8

%

Total

$

7,289,248

 

100

%  

$

6,153,063

 

100

%

Schedule of foreign currency exchange rate

The following table summarizes the exchange rates used:

Six Months Ended

 

Year Ended

December 31, 

 

June 30, 

    

2023

    

2022

 

2023

    

2022

Period end Euro : US Dollar exchange rate

1.10

1.07

1.09

1.05

Average period Euro : US Dollar exchange rate

 

1.08

 

1.01

1.05

 

1.13

Period end GBP : US Dollar exchange rate

1.27

1.21

1.27

1.21

Average period GBP : US Dollar exchange rate

 

1.25

 

1.17

1.20

 

1.34

 

 

 

Period end Mexican Peso : US Dollar exchange rate

 

0.06

 

0.05

0.06

 

0.05

Average period Mexican Peso : US Dollar exchange rate

 

0.06

 

0.05

0.05

 

0.05