Segment Information

3 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Segment Information

Note 12 – Segment Information

ASC 280, “Segment Reporting,” establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organizational structure as well as information about geographical areas, business segments and major customers in financial statements for details on the Company’s business segments. The Company uses the “management approach” in determining reportable operating segments. The management approach considers the internal organization and reporting used by the Company’s chief operating decision maker for making operating decisions and assessing performance as the source for determining the Company’s reportable segments. Management, including the chief operating decision maker, reviews operation results by the revenue of different products. Based on management’s assessment, the Company has determined that it has two operating segments: products sales and service.

The following tables present summary information by segment for the three months ended September 30, 2022 and 2021, respectively:

	For the Three Months Ended September 30,
	2022		2021
Revenue - Products Sales	$	2,605,046	$	743,677
Revenue - Service		297,968		-
Total Revenue	$	2,903,014	$	743,677

	For the Three Months Ended September 30, 2022
	Products Sales		Service		Total
Revenue	$	2,605,046	$	297,968	$	2,903,014
Cost of revenue		2,364,008		14,548		2,378,556
Gross profit	$	241,038	$	283,420	$	524,458
Depreciation and amortization	$	4,670	$	-	$	4,670

	As of September 30, 2022		As of June 30, 2022
Total assets:				(audited)
Products Sales	$	12,158,074	$	12,839,205
Service		328,061		47,083
Total Assets	$	12,486,135	$	12,886,288