v3.22.4
Summary of significant accounting policies (Tables)
 3 Months Ended
Sep. 30, 2022
Accounting Policies [Abstract]  
Schedule of foreign currency translation exchange rate
Translation of foreign currencies into US$1 have been made at the following exchange rates for the respective periods:
 
 
 
As of
 
 
 
September 30,
2022
 
 
June 30,
2022
 
 
 
 
 
 
 
 
 
Period-average MYR: US$1 exchange rate
 
 
4.64
 
 
 
4.41
 
 
 
 
For the Three Months ended September 30,
 
 
 
2022
 
 
2021
 
 
 
 
 
 
 
 
Period-average MYR: US$1 exchange rate
 
 
4.48
 
 
 
4.20
 
Schedule of property plant and equipment useful life The estimated useful lives are as follows:
 
Expected useful lives
Computer and office equipment
5 years
Furniture and fixtures
3-5 years
Motor vehicles
5 years
Leasehold improvement
3 years
Schedule of disaggregated revenues by products or services
Disaggregated information of revenues by products/services are as follows:
 
 
 
For the three months ended
September 30, 2022
 
 
 
 
2022
 
 
2021
 
 
 
(Unaudited)
 
 
(Unaudited)
 
Gift card or “E-voucher” revenue (1)
 
$
15,435,331
 
 
$
20,247,090
 
Health care products and computer products revenue (1)
 
 
12,300
 
 
 
715
 
Loyalty program revenue (1)
 
 
25,183
 
 
 
106,627
 
Transaction revenue (1)
 
 
15,218
 
 
 
14,071
 
Agent subscription revenue (1)
 
 
-
 
 
 
15
 
Member subscription revenue (2)
 
 
68,308
 
 
 
-
 
Total revenues
 
$
15,556,340
 
 
$
20,368,518
 
 
(1)
Revenue recognized at a point in time.
(2)
Revenue recognized over time.