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Segment Information
 12 Months Ended
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