Unearned Revenue

3 Months Ended

Sep. 30, 2020

Notes to Financial Statements

Unearned Revenue

15. Unearned Revenues

Unearned revenue amounted to $47,536 and $53,248 as of September 30, 2020 and June 30, 2020, respectively. Unearned revenues are mainly due to contracts with extended payment terms, acceptance provisions and future delivery obligation.