| CONTRACT LIABILITIES |
NOTE
10 – CONTRACT LIABILITIES
The
balances of contract liabilities are as follows:
SCHEDULE OF CONTRACT LIABILITIES
| | |
2025 | | |
2024 | |
| | |
As of June 30, | |
| | |
2025 | | |
2024 | |
| Contract liabilities, current | |
$ | 5,007,811 | | |
$ | 7,032,566 | |
| Total | |
$ | 5,007,811 | | |
$ | 7,032,566 | |
Movement
of contract labilities were as followings:
SCHEDULE
OF MOVEMENT OF CONTRACT LIABILITIES
| | |
2025 | | |
2024 | |
| | |
For the years ended June 30, | |
| | |
2025 | | |
2024 | |
| Beginning Balance | |
$ | 7,032,566 | | |
$ | 9,426,113 | |
| Addition during the year, net | |
| 3,209,501 | | |
| 3,681,685 | |
| Redemptions recognized as revenue during the year | |
| (2,154,986 | ) | |
| (2,589,166 | ) |
| Expired recognized as revenue during the year | |
| (3,057,412 | ) | |
| (3,516,607 | ) |
| Translation difference | |
| (21,858 | ) | |
| 30,541 | |
| Ending Balance | |
$ | 5,007,811 | | |
$ | 7,032,566 | |
|