The
following table shows the net activity of deferred cost and deferred revenue for the years ended June 30, 2025 and 2024:
SCHEDULE
OF RECONCILIATION OF COST IN EXCESS OF BILLING FOR CONTRACT RECOGNIZED OVER TIME
| | |
2025 | | |
2024 | |
| | |
As
of and for the Years ended June 30, | |
| | |
2025 | | |
2024 | |
| | |
| | |
| |
| Deferred
costs - beginning of year | |
$ | 170,781 | | |
$ | 158,552 | |
| Deferred
cost recognized as cost of goods sold during year | |
$ | (170,781 | ) | |
| (158,552 | ) |
| Costs
incurred and not yet recognized as cost of goods sold | |
$ | 48,971 | | |
| 170,781 | |
| Deferred
cost - end of year | |
$ | 48,971 | | |
$ | 170,781 | |
| | |
| | | |
| | |
| Deferred
revenue - beginning of year | |
$ | 72,788 | | |
$ | 466,393 | |
| Deferred
revenue recognized as revenue during year | |
$ | (72,788 | ) | |
| (466,393 | ) |
| Payments
received and not yet recognized as revenue | |
$ | 52,576 | | |
| 72,788 | |
| Deferred
revenue - end of year | |
$ | 52,576 | | |
$ | 72,788 | |
|