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ACCOUNTING POLICIES (Tables)
 3 Months Ended
Sep. 30, 2022
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, 2022, were as follows:

 

   Level 1   Level 2   Level 3   Total Assets 
Revenues in excess of billings - long term  $    -   $     -   $714,458   $714,458 
Total  $-   $-   $714,458   $714,458 

 

The Company’s financial assets that were measured at fair value on a recurring basis as of June 30, 2022, were as follows:

 

   Level 1   Level 2   Level 3   Total Assets 
Revenues in excess of billings - long term  $    -   $     -   $853,601   $853,601 
Total  $-   $-   $853,601   $853,601 
SCHEDULE OF FAIR VALUE OF FINANCIAL INSTRUMENTS RECONCILIATION

The reconciliation from June 30, 2022 to September 30, 2022 is as follows:

 

   Revenues in excess of billings - long term   Fair value discount   Total 
Balance at June 30, 2022  $881,940   $(28,339)  $853,601 
Amortization during the period   -    9,369    9,369 
Transfers to short term   (93,245)   -    (93,245)
Effect of Translation Adjustment   (55,581)   314    (55,267)
Balance at September 30, 2022  $733,114   $(18,656)  $714,458