Contract Liabilities |
9 Months Ended |
---|---|
Mar. 31, 2024 | |
Contract Liabilities [Abstract] | |
CONTRACT LIABILITIES | 10. CONTRACT LIABILITIES
As of June 30, 2023, and March 31, 2024, the Company had total contract liabilities of $988,556 and $1,327,371, respectively. These liabilities are advance deposits received from customers after an order has been placed. As of March 31, 2024, the Company expects all of the contract liabilities to be settled in less than one year. The increase in the balance at March 31, 2024 was due to more orders on hand on that date. |