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ACCOUNTING POLICIES (Tables)
 6 Months Ended
Dec. 31, 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 December 31, 2021, were as follows:

 

   Level 1   Level 2   Level 3   Total Assets 
Revenues in excess of billings - long term  $-   $-   $985,772   $985,772 
Total  $   -   $   -   $985,772   $985,772 

 

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 December 31, 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   -    19,041    19,041 
Effect of Translation Adjustment   9,460    (332)   9,128 
Balance at December 31, 2021  $1,033,842   $(48,070)  $985,772