XML 30 R19.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Mar. 31, 2024
Accounting Policies [Abstract]  
SCHEDULE OF COMPONENTS OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH

The components of cash, cash equivalents and restricted cash on the condensed consolidated statements of cash flows as of March 31, 2024 and 2023 are as follows:

  

   As of March 31,   As of March 31, 
   2024   2023 
Cash and cash equivalents  $4,285,343   $6,048,001 
Restricted cash   -    2,000,000 
Total  $4,285,343   $8,048,001 
SCHEDULE OF TIMING REVENUE RECOGNITION

The timing of revenue recognition for the three and nine months ended March 31, 2024 and 2023 was as follows:

 

   2024   2023   2024   2023 
   For the Three Months Ended   For the Nine Months Ended  
   March 31,   March 31, 
   2024   2023   2024   2023 
Products and services transferred at a point in time  $1,783,717   $2,957,636   $5,861,004   $8,172,165 
Products and services transferred/recognized over time   111,926    714,754    1,215,944    2,401,796 
Total Revenue  $1,895,643   $3,672,390   $7,076,948   $10,573,961