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Leases | 12 Months Ended
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Jun. 30, 2025
Leases [Abstract] |
LEASES |
| 11. | LEASES
The Group has entered into various non-cancellable operating lease agreements for certain offices, factories and warehouses which are substantially located in PRC. The Group determines if an arrangement is a lease, or contains a lease, at inception and record the leases in the consolidated financial statements upon lease commencement, which is the date when the lessor makes the underlying asset available for use by the lessee. The Group does not have any sales-type or direct financing leases for the years ended June 30, 2025, 2024 and 2023. The balances for the operating leases are presented as follows within the consolidated balance sheets:
|  | As of June 30, |
|  | 2025 |  |  | 2024 |
Right-of-use assets |  | $ | 126,173 |  |  | $ | 283,607 |
Lease liabilities – current |  |  | 131,141 |  |  |  | 167,592 |
Lease liabilities – non-current |  |  | - |  |  |  | 86,758 |
Total operating lease liabilities |  | $ | 131,141 |  |  | $ | 254,350 |
The operating lease expense is recognized as cost of sales, selling, general and administrative expenses and research and development expenses.
|  | For the years ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Operating leases expense excluding short-term lease expense |  | $ | 168,408 |  |  | $ | 226,840 |  |  | $ | 256,008 |
Short-term lease expense |  |  | 127,311 |  |  |  | 35,900 |  |  |  | 156,717 |
Total |  | $ | 295,719 |  |  | $ | 262,740 |  |  | $ | 412,725 |
Supplemental information related to operating lease was as follows:
|  | For the years ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Weighted-average remaining lease term |  |  | 0.8 |  |  |  | 1.8 |  |  |  | 2.5 |
Weighted-average discount rate |  |  | 4.65 | % |  |  | 4.65 | % |  |  | 4.60 | %
Cash paid for amounts included in the measurement of lease liabilities |  | $ | 139,253 |  |  | $ | 217,619 |  |  | $ | 275,890 |
There was no addition of operating lease assets for the years ended June 30, 2025, 2024 and 2023. As of June 30, 2025, the maturities of the Group’s operating lease liabilities are as follows:
For the year ending June 30, |  | Amount |
2026 |  | $ | 132,168 |
Total minimum lease payment |  |  | 132,168 |
Less: interest |  |  | (1,027 | )
Present value of lease obligation |  | $ | 131,141 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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