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ACCOUNTING POLICIES (Tables)

6 Months Ended

Dec. 31, 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 December 31, 2022, were as follows:

SCHEDULE OF FAIR VALUE OF FINANCIAL ASSETS MEASURED ON RECURRING BASIS

		Level 1				Level 2				Level 3				Total Assets
Revenues in excess of billings - long term		$	-			$	-			$	604,358			$	604,358
Total		$	-			$	-			$	604,358			$	604,358

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 December 31, 2022 is as follows:

SCHEDULE OF FAIR VALUE OF FINANCIAL INSTRUMENTS RECONCILIATION

		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			-				18,657				18,657
Transfers to short term			(268,116	)			-				(268,116	)
Effect of Translation Adjustment			(90	)			306				216
Balance at December 31, 2022		$	613,734			$	(9,376	)		$	604,358

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- References

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- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045

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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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