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Segment Information and Revenue Analysis
 12 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
SEGMENT INFORMATION AND REVENUE ANALYSIS

NOTE 20 – SEGMENT INFORMATION AND REVENUE ANALYSIS

 

The Company follows ASC Topic 280, Segment Reporting, which requires that companies to disclose segment data based on how management makes decision about allocating resources to each segment and evaluating their performances. The Company has one reporting segment. The Company’s chief operating decision maker has been identified as the Chief Executive Officer, who reviews consolidated results when making decisions about allocating resources and assessing performance of the Company. The Company’s revenue and net income are substantially derived from enterprise application services and financial industry IT services.

 

The Company’s operations are primarily based in China, where the Company derives a substantial portion of their revenues. The following table presents revenues generated in domestic and overseas markets for the years ended June 30, 2021, 2020 and 2019.

 

   For the years ended June 30, 
   2021   2020   2019 
Mainland China  $112,511,341   $78,840,635   $60,398,820 
Singapore   9,613,026    7,369,345    2,525,489 
Hong Kong   3,728,039    3,071,857    1,961,763 
Malaysia   148,128    125,748    
-
 
United States   34,740    
-
    
-
 
Japan   26,419    5,394    
-
 
Australia   
-
    2,167    46,865 
India   
-
    652    
-
 
Total  $126,061,693   $89,415,798   $64,932,937 

 

The following table presents revenues by the service lines for the years ended June 30, 2021, 2020 and 2019.

 

   For the years ended June 30, 
   2021   2020   2019 
IT consulting service  $122,273,395   $87,136,754   $61,755,355 
Customized IT solution service   3,130,646    1,844,892    3,041,482 
Other   657,652    434,152    136,100 
Total  $126,061,693   $89,415,798   $64,932,937