Unearned Revenue

12 Months Ended

Jun. 30, 2020

Notes to Financial Statements

Unearned Revenue

16. Unearned Revenue

Unearned revenue amounted $53,248 and $61,672 as of June 30, 2020 and 2019, respectively. Unearned revenues are mainly due to contracts with extended payment terms, acceptance provisions and future delivery obligation.