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Prepayments, Deposits and Other Assets, Net
 12 Months Ended
Jun. 30, 2021
Deferred Costs Capitalized Prepaid And Other Assets Disclosure Abstract  
PREPAYMENTS, DEPOSITS AND OTHER ASSETS, NET

NOTE 5 – PREPAYMENTS, DEPOSITS AND OTHER ASSETS, NET

 

Prepayments, deposits and other assets, net consisted of the following:

 

   As of June 30, 
   2021   2020 
Prepaid expenses  $1,559,176   $388,010 
Advances and deposits to suppliers   651,402    633,706 
Contract assets   513,199    233,149 
Deferred contract costs   376,138    106,734 
Due from Infogain   185,906    
-
 
Note receivables   127,027    110,744 
Advances to employees   13,755    53,011 
Due from Judge Asia   
-
    212,447 
Less: allowance for doubtful accounts   
-
    (212,447)
Total   3,426,603    1,525,354 
Less: non-current portion   (896,145)   (244,387)
Prepayments, deposits and other assets – current portion  $2,530,458   $1,280,967 

 

The movement of the allowance for doubtful accounts is as follows:

 

   As of June 30, 
   2021   2020 
Balance at the beginning of the year  $212,447   $147 
Provision (reversal) for doubtful accounts   
-
    213,422 
Write-off   (230,032)   (144)
Foreign currency translation adjustment   17,585    (978)
Balance at the end of the year  $-   $212,447