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Accounts Receivable, Net | 12 Months Ended
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Jun. 30, 2025
Accounts Receivable, Net [Abstract] |
ACCOUNTS RECEIVABLE, NET |
| 4. | ACCOUNTS RECEIVABLE, NET
Accounts receivable, net consisted of the following:
|  | As of June 30, |
|  | 2025 |  |  | 2024 |
Accounts receivable |  | $ | 2,661,416 |  |  | $ | 2,085,535 |
Less: Provision for credit losses |  |  | (80,686 | ) |  |  | (79,535 | )
Accounts receivable, net |  | $ | 2,580,730 |  |  | $ | 2,006,000 |
As of June 30, 2025, the Group has pledged accounts receivable in total of US$2,629,554 (RMB18,837,074), owned or entitled to dispose of by law as the pledged assets to provide guarantee for the short-term loan contracts of US$2,093,919 (RMB15,000,000) in the aggregate, signed with China Everbright Bank and Bank of Shanghai (Note 10). Provisions for credit losses of nil, US$73,310 and US$6,953 were recorded for the years ended June 30, 2025, 2024 and 2023, respectively. Movement of provision for credit losses was as follows:
|  | For the years ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Balance at beginning of the year |  | $ | 79,535 |  |  | $ | 6,668 |  |  | $ | - |
Add: Provision for credit losses |  |  | - |  |  |  | 73,310 |  |  |  | 6,953 |
Foreign currency translation adjustment |  |  | 1,151 |  |  |  | (443 | ) |  |  | (285 | )
Balance at the end of the year |  | $ | 80,686 |  |  | $ | 79,535 |  |  | $ | 6,668 |

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- Definition The entire disclosure for accounts receivable, contract receivable, receivable held-for-sale, and nontrade receivable. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/310/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/326/tableOfContent + Details
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