Concentrations of Risk	6 Months Ended
Dec. 31, 2023
Concentrations of Risk [Abstract]
Concentrations of risk	Note 15 – Concentrations of risk Credit Risk The Company is exposed to credit risk from its cash in banks and advances on performance obligations. As of December 31, 2023 and June 30, 2023, $0 was deposit with a bank located in the US or PRC subject to credit risk. In the US, the insurance coverage of each bank is USD $250,000. In PRC, the insurance coverage of each bank is RMB 500,000 (approximately $71,000). Prepayments and advances are subject to credit evaluation. An allowance will be made for allowance on estimated unrecoverable amounts which have been determined by reference to past default experience and the current economic environment. Vendor Concentration Risk As of December 31, 2023 and June 30, 2023, one vendor accounted for 100% of the Company’s accounts payable. For the six months ended December 31, 2023, two vendors accounted for 76% and 23% of the Company’s total purchases, respectively. There were no purchases for the six months ended December 31, 2022. Customer Concentration Risk For the six months ended December 31, 2023, no customer accounted for more than 10% of the Company’s total revenue. There was no revenue for the six months ended December 31, 2022.

Concentrations of Risk

6 Months Ended

Dec. 31, 2023

Note 15 – Concentrations of risk

Credit Risk

The Company is exposed to credit risk from its cash in banks and advances on performance obligations.

As of December 31, 2023 and June 30, 2023, $0 was deposit with a bank located in the US or PRC subject to credit risk. In the US, the insurance coverage of each bank is USD $250,000. In PRC, the insurance coverage of each bank is RMB 500,000 (approximately $71,000).

Prepayments and advances are subject to credit evaluation. An allowance will be made for allowance on estimated unrecoverable amounts which have been determined by reference to past default experience and the current economic environment.

Vendor Concentration Risk

As of December 31, 2023 and June 30, 2023, one vendor accounted for 100% of the Company’s accounts payable.

For the six months ended December 31, 2023, two vendors accounted for 76% and 23% of the Company’s total purchases, respectively. There were no purchases for the six months ended December 31, 2022.

Customer Concentration Risk

For the six months ended December 31, 2023, no customer accounted for more than 10% of the Company’s total revenue. There was no revenue for the six months ended December 31, 2022.