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Revenue
12 Months Ended
Jun. 30, 2022
Disclosure Of Disaggregation Of Revenue From Contracts With Customers [Abstract]  
Revenue

Note 3 Revenue

(a)
Revenue from contracts with customers

The group derives revenue from the transfer of goods and services over time and at a point in time in the following major product lines and segments :

 

 

 

Segments

 

 

 

 

Year Ended June 30, 2022

 

Graphite
Mining and
exploration

 

 

Battery
Technology

 

 

Battery
Materials

 

 

Total

 

Hardware sales

 

$

 

 

$

3,517,271

 

 

$

 

 

$

3,517,271

 

Consulting sales

 

 

 

 

 

4,900,492

 

 

 

 

 

 

4,900,492

 

Revenue from external customers

 

$

 

 

$

8,417,763

 

 

$

 

 

$

8,417,763

 

Timing of revenue recognition

 

 

 

 

 

 

 

 

 

 

 

 

At a point in time

 

 

 

 

 

3,517,271

 

 

 

 

 

 

3,517,271

 

Over time

 

 

 

 

 

4,900,492

 

 

 

 

 

 

4,900,492

 

 

 

$

 

 

$

8,417,763

 

 

$

 

 

$

8,417,763

 

 

Year Ended June 30, 2021

 

Segments

 

 

 

 

 

 

Graphite
Mining and
exploration

 

 

 

Battery
Technology

 

 

Battery
Materials

 

 

Total

 

Hardware sales

 

$

 

 

 

$

1,405,086

 

 

$

 

 

$

1,405,086

 

Consulting sales

 

 

 

 

 

 

3,822,261

 

 

 

 

 

 

3,822,261

 

Revenue from external customers

 

$

 

$

 

$

5,227,347

 

 

$

 

 

$

5,227,347

 

Timing of revenue recognition

 

 

 

 

 

 

 

 

 

 

 

 

 

At a point in time

 

 

 

 

 

 

1,405,086

 

 

 

 

 

 

1,405,086

 

Over time

 

 

 

 

 

 

3,822,261

 

 

 

 

 

 

3,822,261

 

 

 

$

 

 

 

$

5,227,347

 

 

$

 

 

$

5,227,347

 

 

Year Ended June 30, 2020

 

Segments

 

 

 

 

 

 

Graphite
Mining and
exploration

 

 

 

Battery
Technology

 

 

Battery
Materials

 

 

Total

 

Hardware sales

 

$

 

 

 

$

2,113,416

 

 

$

 

 

$

2,113,416

 

Consulting sales

 

 

 

 

 

 

2,140,019

 

 

 

 

 

 

2,140,019

 

Revenue from external customers

 

$

 

$

 

$

4,253,435

 

 

$

 

 

$

4,253,435

 

Timing of revenue recognition

 

 

 

 

 

 

 

 

 

 

 

 

 

At a point in time

 

 

 

 

 

 

2,113,416

 

 

 

 

 

 

2,113,416

 

Over time

 

 

 

 

 

 

2,140,019

 

 

 

 

 

 

2,140,019

 

 

 

$

 

 

 

$

4,253,435

 

 

$

 

 

$

4,253,435

 

 

Revenues from external customers come from the sale of battery testing hardware equipment and the provision of battery testing and development consulting services.

(i)
Assets and liabilities related to contracts with customers

The Group has recognized the following assets and liabilities related to contracts with customers:

 

 

 

At June 30,

 

 

 

2022

 

 

2021

 

Contract liabilities – Hardward sales

 

$

3,938

 

 

$

310,102

 

Total other current liabilities

 

$

3,938

 

 

$

310,102

 

 

Revenue recognized in relation to contract liabilities

The following table shows how much of the revenue recognized in the current reporting period relates to brought-forward contract liabilities.

 

 

 

Year Ended June 30,

 

 

 

2022

 

 

2021

 

 

2020

 

Revenue recognized that was included in the contract
liability balance at the beginning of the period

 

 

 

 

 

 

 

 

 

Hardware sales

 

$

310,102

 

 

$

98,783

 

 

$

580,845

 

 

The Group had no contract assets as of June 30, 2022 and June 30, 2021. See Note 11, Trade and other receivables, for trade receivables.

 

The Group had no remaining performance obligations which have an original expected term of more than one year.