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Disaggregation of Revenue
3 Months Ended 12 Months Ended
Sep. 30, 2024
Jun. 30, 2024
Disaggregation of Revenue [Abstract]    
Disaggregation of Revenue

Note 4 - Disaggregation of Revenue

 

Disaggregation of Revenue

 

The Company recognizes revenue when control of the promised products or services is transferred to its customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those products or services. The Company derives revenue from software sales. The Company’s revenue from contracts with customers are mainly sourced from the United Kingdom, Switzerland, France, and Italy.

 

Revenues consisted of the following:

 

   For the Three Months Ended
September 30,
 
  

2024

(Unaudited)

  

2023

(Unaudited)

 
         
Recurring revenue  $61,202   $49,826 
Non-recurring revenue   40,767    48,082 
   $101,969   $97,908 

 

   For the Three Months Ended
September 30,
 
  

2024
(Unaudited)

   2023
(Unaudited)
 
         
Revenue recognized at a point in time (1)  $40,767   $48,082 
Revenue recognized over time (2)   61,202    49,826 
Total  $101,969   $97,908 

 

(1)Software’s performance obligation is satisfied at a point in time when access to the software is provided to the customer.

 

(2)Performance obligation from right to access software sales is satisfied evenly over the service period using a time-based measure because the Company is providing continuous access to its service and service is recognized over time.

Note 3 - Disaggregation of Revenue

 

Disaggregation of Revenue

 

The Company recognizes revenue when control of the promised products or services is transferred to its customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those products or services. The Company derives revenue from software sales. The Company’s revenue from contracts with customers are mainly sourced from the United Kingdom, Switzerland, France, and Italy.

 

Revenues consisted of the following:

 

   For the Years Ended June 30, 
   2024   2023   2022 
             
Recurring revenue  $202,031   $179,775   $268,121 
Non-recurring revenue   134,531    212,073    187,955 
Total Revenue  $336,562   $391,848   $456,076 

 

   For the Years Ended June 30, 
   2024   2023   2022 
             
Revenue recognized at a point in time (1)  $134,531   $212,073   $187,955 
Revenue recognized over time (2)   202,031    179,775    268,121 
Total  $336,562   $391,848   $456,076 

 

(1) Software’s performance obligation is satisfied at a point in time when access to the software is provided to the customer.

 

(2) Performance obligation from right to access software sales is satisfied evenly over the service period using a time-based measure because the Company is providing continuous access to its service and service is recognized over time.