| SCHEDULE OF CONTRACT ASSETS - NON-CURRENT RECONCILIATION |
The
reconciliation for the years ended June 30, 2026 and 2025 is as follows:
SCHEDULE OF CONTRACT ASSETS - NON-CURRENT RECONCILIATION
| | |
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 | |
|