CONTRACT ASSETS – NON-CURRENT

12 Months Ended

Jun. 30, 2026

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

NOTE 7 – CONTRACT ASSETS – NON-CURRENT

The Company records non-current contract assets at present value using a discounted cash flow method based on the expected timing of future cash flows. The discount rates used reflect the applicable borrowing rates at the time the related contract assets are initially recognized. The Company used discount rates ranging from 4.5% to 6.6% for contract assets initially recognized during the year ended June 30, 2026 and from 4.2% to 17.5% for contract assets initially recognized during the year ended June 30, 2025. The resulting discount is accreted over the period until the expected billing date, with the accretion recognized as interest income. During the years ended June 30, 2026 and 2025, the Company recognized $98,197 and $73,066, respectively, of interest income related to the accretion of the discount.

The reconciliation for the years ended June 30, 2026 and 2025 is as follows:

	Contract assets, non-current			Present value discount			Total
Balance at June 30, 2024	$	1,106,475		$	(152,446	)	$	954,029
Additions		559,032			(128,921	)		430,111
Accretion of discount		-			73,066			73,066
Transfers to current		(521,875	)		-			(521,875	)
Effect of translation adjustment		(31,829	)		264			(31,565	)
Balance at June 30, 2025	$	1,111,803		$	(208,037	)	$	903,766
Contract assets, non-current, balance	$	1,111,803		$	(208,037	)	$	903,766
Additions		2,521,608			(270,726	)		2,250,882
Accretion of discount		-			98,197			98,197
Transfers to current		(707,890	)		-			(707,890	)
Effect of translation adjustment		(85,284	)		7,347			(77,937	)
Balance at June 30, 2026	$	2,840,237		$	(373,219	)	$	2,467,018
Contract assets, non-current, balance	$	2,840,237		$	(373,219	)	$	2,467,018