Contract Liabilities |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Contract Liabilities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| CONTRACT LIABILITIES | NOTE 9. CONTRACT LIABILITIES
As of June 30, 2026 and 2025, the Company had total contract liabilities of $1,886,012 and $4,861,250, respectively. These liabilities are advance deposits received from customers after an order has been placed. The decrease in the balance at June 30, 2026 was due to less orders on hand on that date. The amount of revenue recognized in the year ended June 30, 2026, that was included in the opening contract liability balance was $4,275,147.
Changes in the contract liabilities is below:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||