XML 30 R20.htm IDEA: XBRL DOCUMENT v3.23.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 9 Months Ended
Mar. 31, 2023
Accounting Policies [Abstract]  
SCHEDULE OF COMPONENTS OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH

The components of cash, cash equivalents and restricted cash on the consolidated statements of cash flows as of March 31, 2023 and 2022 are as follows:

 

SCHEDULE OF COMPONENTS OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH

   As of March 31,   As of March 31, 
   2023   2022 
Cash and cash equivalents  $6,048,001   $18,043,040 
Restricted cash   2,000,000    2,000,000 
Total  $8,048,001   $20,043,040 
SCHEDULE OF TIMING REVENUE RECOGNITION

The timing of revenue recognition for the three and nine months ended March 31, 2023 and 2022 was as follows:

 

SCHEDULE OF TIMING REVENUE RECOGNITION

   2023   2022   2023   2022 
   For the Three Months Ended   For the Nine Months Ended 
   March 31,   March 31, 
   2023   2022   2023   2022 
Products and services transferred at a point in time  $2,957,634   $994,650   $8,195,906   $3,585,399 
Products and services transferred/recognized over time   714,756    1,057,678    2,378,055    1,179,464 
Total Revenue  $3,672,390   $2,052,328   $10,573,961   $4,764,863