XML 35 R25.htm IDEA: XBRL DOCUMENT v3.23.3
DEFERRED COSTS/CONTRACT ASSETS and DEFERRED REVENUE/CONTRACT LIABILITIES (Tables)
3 Months Ended
Sep. 30, 2023
Revenue from Contract with Customer [Abstract]  
SCHEDULE OF RECONCILIATION OF COST IN EXCESS OF BILLING FOR CONTRACT RECOGNIZED OVER TIME

The following table shows the reconciliation of the costs in excess of billings and billings in excess of costs for contracts recognized over time:

 

   As of
September 30,
2023
   As of
June 30,
2023
 
         
Cost incurred on uncompleted contracts  $186,540   $78,771 
Estimated earnings   378,040    226,096 
Earned revenue   564,580    304,867 
Less: billings to date   503,864    311,750 
Billings in excess of costs, net  $60,716   $(6,883)
           
Balance Sheet Classification          
Contract assets includes, costs and estimated earnings in excess of billings on uncompleted contracts  $63,824   $- 
Contract liabilities includes, billings in excess of costs and estimated earnings on uncompleted contracts   (3,108)   (6,883)
Billings in excess of costs, net  $60,716   $(6,883)