| DEFERRED REVENUE |
NOTE
15 – DEFERRED REVENUE
The
Company’s deferred revenue for the three and nine months ended June 30, 2025, and 2024, were as follows:
SCHEDULE OF DEFERRED REVENUE
| | |
For the three months ended | | |
For the nine months ended | |
| | |
June 30, 2025 | | |
June 30, 2024 | | |
June 30, 2025 | | |
June 30, 2024 | |
| | |
| | |
| | |
| | |
| |
| Deferred revenue at beginning of period | |
$ | 1,689,418 | | |
$ | 2,059,225 | | |
$ | 1,955,635 | | |
$ | 2,311,334 | |
| Net additions: | |
| | | |
| | | |
| | | |
| | |
| Deferred software revenues | |
| 661,917 | | |
| 502,136 | | |
| 1,471,444 | | |
| 1,649,519 | |
| Recognized as revenue: | |
| | | |
| | | |
| | | |
| | |
| Deferred software revenues | |
| (531,387 | ) | |
| (645,092 | ) | |
| (1,607,131 | ) | |
| (2,044,584 | ) |
| Deferred revenue at end of period | |
| 1,819,948 | | |
| 1,916,269 | | |
| 1,819,948 | | |
| 1,916,269 | |
| Less: current portion | |
| 1,329,902 | | |
| 1,284,688 | | |
| 1,329,902 | | |
| 1,284,688 | |
| Long-term deferred revenue at end of period | |
$ | 490,046 | | |
$ | 631,581 | | |
$ | 490,046 | | |
$ | 631,581 | |
For
the three months ended June 30, 2025, and 2024, the Company recognized revenue of $453,205, and $571,660, respectively. For the nine
months ended June 30, 2025, and 2024, the Company recognized revenue of $1,167,080 and $1,364,475, respectively, that was previously
included in the beginning balance of deferred revenues.
|