XML 41 R30.htm IDEA: XBRL DOCUMENT v3.21.2
ACCOUNTING POLICIES (Tables)
 3 Months Ended
Sep. 30, 2021
Accounting Policies [Abstract]  
SCHEDULE OF FAIR VALUE OF FINANCIAL ASSETS MEASURED ON RECURRING BASIS

The Company’s financial assets that were measured at fair value on a recurring basis as of September 30, 2021, were as follows:

 

   Level 1   Level 2   Level 3   Total Assets 
Revenues in excess of billings - long term  $-   $-   $969,456   $969,456 
Total  $-   $-   $969,456   $969,456 

 

The Company’s financial assets that were measured at fair value on a recurring basis as of June 30, 2021, were as follows:

 

   Level 1   Level 2   Level 3   Total Assets 
Revenues in excess of billing - long term  $-   $-   $957,603   $957,603 
Total  $-   $-   $957,603   $957,603 
SCHEDULE OF FAIR VALUE OF FINANCIAL INSTRUMENTS RECONCILIATION

The reconciliation from June 30, 2021 to September 30, 2021 is as follows:

 

   Revenues in excess of billings - long term   Fair value discount   Total 
Balance at June 30, 2021  $1,024,382   $(66,779)  $957,603 
Amortization during the period   -    9,502    9,502 
Effect of Translation Adjustment   2,452    (101)   2,351 
Balance at September 30, 2021  $1,026,834   $(57,378)  $969,456