CONTRACT ASSETS AND LIABILITIES

12 Months Ended

Jun. 30, 2022

Regulated Operations [Abstract]

CONTRACT ASSETS AND LIABILITIES

NOTE 4 – CONTRACT ASSETS AND LIABILITIES

Information relating to uncompleted contracts as of June 30, 2022 and 2021 about contract assets and contract (liabilities) is as follows:

	As of June 30,
	2022		2021
Costs incurred on uncompleted contracts	$	—	$	294,783
Estimated earnings		—		567,978
Costs and estimated earnings on uncompleted contracts		—		862,761
Less: Billings to date		—		877,500
Costs and estimated earnings in excess of billings on uncompleted contracts	$	—	$	(14,739	)