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Major Customers | 9 Months Ended
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Mar. 31, 2019
Risks and Uncertainties [Abstract] |
Major Customers | NOTE 7 – MAJOR CUSTOMERS During the nine months ended March 31, 2019, revenues from two customers were $17,137,545 and $10,339,704 representing 33.9% and 20.5% of revenues. During the nine months ended March 31, 2018, revenues from one customer was $16,242,790 representing 36.7% or revenues. The revenue from these customers are shown in the Asia – Pacific segment. Accounts receivable from the two customers at March 31, 2019, were $12,178,689 and 163,121, respectively. Accounts receivable at June 30, 2018, were $4,417,709 and $nil, respectively. Revenues in excess of billings at March 31, 2019, were $2,771,761 and $5,572,940, respectively. Revenues in excess of billings at June 30, 2018, were $12,508,815 and $nil, respectively. Included in this amount was $Nil and $1,206,669 shown as long term at March 31, 2019 and June 30, 2018, respectively.

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- Definition The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -URI http://asc.fasb.org/topic&trid=2134479 + Details
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- References No definition available. + Details
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