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Segment Information | 12 Months Ended
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Jun. 30, 2023
Segment Information [Abstract] |
SEGMENT INFORMATION | NOTE 21 – SEGMENT INFORMATION 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, 2023, 2022 and 2021.
|  | For the years ended June 30, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Mainland China |  | $ | 134,185,815 |  |  | $ | 137,915,276 |  |  | $ | 112,511,341 |
Singapore |  |  | 8,733,344 |  |  |  | 9,559,951 |  |  |  | 9,613,026 |
Hong Kong |  |  | 4,311,182 |  |  |  | 3,365,491 |  |  |  | 3,728,039 |
United States |  |  | 2,779,313 |  |  |  | 883,478 |  |  |  | 34,740 |
Japan |  |  | 254,601 |  |  |  | 137,053 |  |  |  | 26,419 |
Malaysia |  |  | 92,284 |  |  |  | 161,132 |  |  |  | 148,128 |
Total |  | $ | 150,356,539 |  |  | $ | 152,022,381 |  |  | $ | 126,061,693 |
The following table presents revenues by the service lines for the years ended June 30, 2023, 2022 and 2021.
|  | For the years ended June 30, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
IT consulting service |  | $ | 144,286,502 |  |  | $ | 144,092,811 |  |  | $ | 122,273,395 |
Customized IT solution service |  |  | 4,554,200 |  |  |  | 6,738,118 |  |  |  | 3,130,646 |
Other |  |  | 1,515,837 |  |  |  | 1,191,452 |  |  |  | 657,652 |
Total |  | $ | 150,356,539 |  |  | $ | 152,022,381 |  |  | $ | 126,061,693 |
Long-lived assets by geographic area are presented as follows:
|  | As of June 30, |
|  | 2023 |  |  | 2022 |
Hong Kong |  | $ | 15,124,060 |  |  | $ | 15,468,306 |
Singapore |  |  | 4,665,463 |  |  |  | 4,586,546 |
Mainland China |  |  | 315,347 |  |  |  | 541,766 |
India |  |  | 6,857 |  |  |  | 3,153 |
Japan |  |  | 578 |  |  |  | 1,327 |
|  | $ | 20,112,305 |  |  | $ | 20,601,098 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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