v3.26.1
DEFERRED COSTS AND DEFERRED REVENUE
 9 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
DEFERRED COSTS AND DEFERRED REVENUE

NOTE 11. DEFERRED COSTS AND DEFERRED REVENUE

 

As of March 31, 2026 and June 30, 2025, deferred costs totaling $2,129 and $48,971, respectively, consists of costs deferred under contracts not completed and recognized at a point in time. As of March 31, 2026 and June 30, 2025, deferred revenue, totaling $306,418 and $52,576, respectively, consists of revenue deferred under contracts not completed and recognized at a point in time ($189,167 and $52,576, respectively), and billings in excess of costs under contracts not completed and recognized over time ($117,251 and $0, respectively).

 

The following table shows the net activity of deferred cost and deferred revenue for the nine months ended March 31, 2026 and the year ended June 30, 2025:

    

  

As of and for the

nine months ended

March 31, 2026

  

As of and for the

year ended

June 30, 2025

 
         
Deferred costs - beginning of period  $48,971   $170,781 
Deferred cost recognized as cost of goods sold/expense during period   (48,699)   (170,781)
Costs incurred and not yet recognized as cost of goods sold   1,857    48,971 
Deferred cost - end of period  $2,129   $48,971 
           
Deferred revenue - beginning of period  $52,576   $72,788 
Deferred revenue recognized as revenue during period   (52,576)   (72,788)
Billing in excess of costs   117,251    - 
Payments received and not yet recognized as revenue   189,167    52,576 
Deferred revenue - end of period  $306,418   $52,576