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INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2023

Income Tax Disclosure [Abstract]

SCHEDULE OF CONSOLIDATED PRE-TAX INCOME (LOSS)

Consolidated pre-tax income (loss) consists of the following:

 SCHEDULE OF CONSOLIDATED PRE-TAX INCOME (LOSS)

		2023				2022
		Years Ended June 30,
		2023				2022
US operations		$	(394,914	)		$	(1,140,443	)
Foreign operations			(2,822,999	)			3,230,184
Net income before income taxes		$	(3,217,913	)		$	2,089,741

SCHEDULE OF COMPONENTS OF PROVISION FOR INCOME TAXES

The components of the provision for income taxes are as follows:

 SCHEDULE OF COMPONENTS OF PROVISION FOR INCOME TAXES

		2023				2022
		Years Ended June 30,
		2023				2022
Current:
Federal		$	-			$	-
State and Local			13,972				2,800
Foreign			912,588				986,138
Deferred:
Federal			-				-
State and Local			-				-
Foreign			-				-
Provision for income taxes		$	926,560			$	988,938

SCHEDULE OF RECONCILIATION OF TAXES AT STATUTORY FEDERAL INCOME TAX RATE INCOME TAX EXPENSE BENEFITS

A reconciliation of taxes computed at the statutory federal income tax rate to income tax expense (benefit) is as follows:

Reconciliation of effective income tax rate

 SCHEDULE OF RECONCILIATION OF TAXES AT STATUTORY FEDERAL INCOME TAX RATE INCOME TAX EXPENSE BENEFITS

		Years Ended June 30,
		2023								2022
Income tax (benefit) provision at statutory rate		$	(675,762	)			21.0	%		$	438,846				21.0	%
State income (benefit) taxes, net of federal tax benefit			(224,610	)			7.0	%			145,864				7.0	%
Foreign earnings taxed at different rates			1,702,463				-52.9	%			82,333				3.9	%
Change in valuation allowance for deferred tax assets			111,473				-3.5	%			318,421				15.2	%
Other			12,996				-0.4	%			3,474				0.2	%
Provision for income taxes		$	926,560				-28.8	%		$	988,938				47.3	%

SCHEDULE OF DEFERRED INCOME TAX ASSETS AND LIABILITIES

Deferred income tax assets and liabilities as of June 30, 2022 and 2021 consist of tax effects of temporary differences related to the following:

Components of deferred tax asset

 SCHEDULE OF DEFERRED INCOME TAX ASSETS AND LIABILITIES

		2023				2022
		Years Ended June 30,
		2023				2022
Net operating loss carry forwards		$	8,281,162			$	7,885,333
Other			184,916				80,311
Net deferred tax assets			8,466,078				7,965,644
Valuation allowance for deferred tax assets			(8,466,078	)			(7,965,644	)
Net deferred tax assets		$	-			$	-

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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-Topic 740
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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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-Section S99
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