Concentrations

6 Months Ended

Dec. 31, 2022

Concentrations [Abstract]

CONCENTRATIONS

Note 17. CONCENTRATIONS

Major Customers

For the three months ended December 31, 2022, two customers accounted for approximately 26.3% and 63.8% of the Company’s gross revenues, respectively.

For the three months ended December 31, 2021, four customers accounted for approximately 32.3%, 29.6%, 21.5% and 16.7% of the Company’s revenues.

For the six months ended December 31, 2022, two customers accounted for 12.7% and 77.6% of the Company’s gross revenues.  As of December 31, 2022, one customer accounted for 74.1% of the Company’s accounts receivable, net.

For the six months ended December 31, 2021, four customers accounted for approximately 55.6%, 18.1%, 14.2% and 12.0% of the Company’s revenues, respectively. As of December 31, 2021, three customers accounted for approximately 38.1%, 15.2% and 11.2% of the Company’s accounts receivable, net.

Major Suppliers

For the three months ended December 31, 2022, one supplier accounted for approximately 60.1% of the total gross purchases.

For the three months ended December 31, 2021, three suppliers accounted for approximately 54.7%, 22.8% and 11.7% of the total costs of revenue.

For the six months ended December 31, 2022, one supplier accounted for approximately 74.9% of the gross purchases.

For the six months ended December 31, 2021, two suppliers accounted for approximately 36.2% and 27.0% of the total cost of revenues.