| SCHEDULE OF DISAGGREGATED REVENUE BY CATEGORY |
The
Company’s disaggregated revenue by category is as follows:
SCHEDULE OF DISAGGREGATED REVENUE BY CATEGORY
| | |
2026 | | |
2025 | |
| | |
For
the Years | |
| | |
Ended
June 30, | |
| | |
2026 | | |
2025 | |
| Core: | |
| | | |
| | |
| License | |
$ | 4,954,378 | | |
$ | 598,633 | |
| Subscription
and support | |
| 35,799,842 | | |
| 32,934,648 | |
| Services | |
| 30,568,111 | | |
| 28,921,965 | |
| Total
core revenue, net | |
| 71,322,331 | | |
| 62,455,246 | |
| | |
| | | |
| | |
| Non-Core: | |
| | | |
| | |
| Services | |
| 3,049,049 | | |
| 3,632,983 | |
| Total
non-core revenue, net | |
| 3,049,049 | | |
| 3,632,983 | |
| | |
| | | |
| | |
| Total
net revenue | |
$ | 74,371,380 | | |
$ | 66,088,229 | |
|
| SCHEDULE OF CONTRACT ASSETS AND CONTRACT LIABILITIES |
The
Company’s contract assets and contract liabilities are as follows:
SCHEDULE OF CONTRACT ASSETS AND CONTRACT LIABILITIES
| | |
As
of | | |
As
of | |
| | |
June
30, 2026 | | |
June
30, 2025 | |
| | |
| | |
| |
| Contract
assets | |
$ | 18,707,582 | | |
$ | 19,134,385 | |
| | |
| | | |
| | |
| Contract
liabilities | |
$ | 10,287,225 | | |
$ | 3,029,850 | |
|
| SCHEDULE OF CONTRACT LIABILITIES RECONCILIATION |
The
Company’s contract liabilities reconciliation is as follows:
SCHEDULE OF CONTRACT LIABILITIES RECONCILIATION
| | |
Contract
Liabilities | |
| | |
| |
| Balance
at June 30, 2024 | |
$ | 8,752,153 | |
| Invoiced | |
| 23,567,456 | |
| Revenue
Recognized | |
| (29,201,839 | ) |
| Adjustments | |
| (87,920 | ) |
| Balance
at June 30, 2025 | |
$ | 3,029,850 | |
| Invoiced | |
| 40,414,180 | |
| Revenue
Recognized | |
| (33,023,905 | ) |
| Adjustments | |
| (132,900 | ) |
| Balance
at June 30, 2026 | |
$ | 10,287,225 | |
|