Initial general form for registration of a class of securities pursuant to Section 12(g)

Revenue

v3.22.1
Revenue
 6 Months Ended
Dec. 31, 2021
Revenue from Contract with Customer [Abstract]  
Revenue

Note 10 – Revenue

 

The Company had no revenue for the six months ended December 31, 2020. Revenue consists of the following for the six months ended December 31, 2021:

 Schedule Of Revenue

    December 31,  
    2021  
       
Dashboards   $ 41,106  
IT Managed Services     51,480  
Software and Interfaces     49,959  
Support and Maintenance     48,959  
vCIO Services     20,313  
Software Licenses Fees     31,494  
Other     2,680  
Total Revenue   $ 245,991  

 

Generally, work is billed monthly by the hour at agreed upon hour rates for all of the above revenue streams.

 

For all of the Company’s services, the Company typically has one performance obligation; however, it also provides the customer with an option to acquire additional services. The Company typically provides a menu of offerings from which the customer may choose to purchase. The price of each service is separate and distinct and provides a separate and distinct value to the customer. Pricing is generally consistent for each service irrespective of the other services or quantities requested by the customer.

 

When the Company receives consideration from a customer prior to transferring services to the customer under the terms of the contract, it records deferred revenues on the Company’s consolidated balance sheet, which represents a contract liability.

 

The Company has an internal sales force compensation program where remuneration is based solely on the revenues recognized in the period and does not represent an incremental cost to the Company which provides a future benefit expected to be longer than one year and would meet the criteria to be capitalized and presented as a contract asset on the Company’s consolidated balance sheet.