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MAJOR CUSTOMERS | 9 Months Ended
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Mar. 31, 2025
Risks and Uncertainties [Abstract] |
MAJOR CUSTOMERS | NOTE 6 – MAJOR CUSTOMERS The following table describes the revenues from major customers: SCHEDULE OF REVENUES AND RECEIVABLES FROM MAJOR CUSTOMERS
|  | For the Three Months |  |  | For the Nine Months |
|  | Ended March 31, |  |  | Ended March 31, |
|  | 2025 |  |  | % |  |  | 2024 |  |  | % |  |  | 2025 |  |  | % |  |  | 2024 |  |  | % |
Net Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Daimler Financial Services |  | $ | 2,900,468 |  |  |  | 16.5 | % |  | $ | 4,207,409 |  |  |  | 27.2 | % |  | $ | 9,160,858 |  |  |  | 19.2 | % |  | $ | 11,840,101 |  |  |  | 26.3 | %
BMW Financial |  | $ | 3,314,902 |  |  |  | 18.9 | % |  | $ | 1,422,068 |  |  |  | 9.2 | % |  | $ | 8,903,689 |  |  |  | 18.7 | % |  | $ | 3,180,171 |  |  |  | 7.1 | %
The following table describes the receivables from major customers:
|  | As of |  |  | As of |
|  | March 31, 2025 |  |  | June 30, 2024 |
Accounts Receivable |  |  |  |  |  |  |  |
Daimler Financial Services |  | $ | 1,005,108 |  |  | $ | 538,648 |
BMW Financial |  | $ | 771,436 |  |  | $ | 505,875 |
Revenue in Excess of Billing |  |  |  |  |  |  |  |
Daimler Financial Services |  | $ | 649,671 |  |  | $ | 892,109 |
BMW Financial |  | $ | 2,246,214 |  |  | $ | 1,419,997 |

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- Definition The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 275 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/275/tableOfContent + Details
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- References No definition available. + Details
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