CONTRACT LIABILITIES |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue from Contract with Customer [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| CONTRACT LIABILITIES | NOTE 11 — CONTRACT LIABILITIES
A contract liability is an entity’s obligation to transfer goods or services to a customer for which the entity has received consideration or an amount of consideration is due from the customer. For the years ended June 30, 2025 and 2024, certain customers made advances to the Company before equipment delivered or services provided. The advance payments were transferred into revenues upon revenue recognition.
For the years ended June 30, 2025 and 2024, the movement of contract liabilities was as follows:
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