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Prepaid Expenses and Other Current Assets, Net (Tables) | 12 Months Ended
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Jun. 30, 2025
Prepaid Expenses and Other Current Assets, Net [Abstract] |
Schedule of Prepayments and Other Current Assets | Prepayments and other current assets, net consist of the following:
|  | As of June 30, |
|  | 2025 |  |  | 2024 |
Loans to third parties (1) |  | $ | - |  |  | $ | 1,409,774 |
Advances for services |  |  | 330,820 |  |  |  | 122,987 |
Advances for raw materials |  |  | 276,472 |  |  |  | 581,478 |
Deductible input VAT |  |  | 362,334 |  |  |  | 424,624 |
Staff advances |  |  | 18,901 |  |  |  | 42,050 |
Deposits |  |  | 42,824 |  |  |  | 30,944 |
Loans to Finnovate Sponsor L.P. before Business Combination |  |  | - |  |  |  | 169,844 |
Loans to Finnovate Acquisition Corp. before Business Combination (2) |  |  | - |  |  |  | 200,000 |
Others |  |  | 224,026 |  |  |  | 81,498 |
Gross amount |  |  | 1,255,377 |  |  |  | 3,063,199 |
Less: Provision for credit losses |  |  | (179,540 | ) |  |  | (206,168 | )
Total prepaid expenses and other current assets, net |  | $ | 1,075,837 |  |  | $ | 2,857,031 |
| (1) | Loans to third parties represents interest free loans provided to third parties. All of the loans shall be repaid within 1 year since the payment date of each loan, and were due between July 2024 and September 2025. Since July 2023, Scage International Group provided multiple non-interest-bearing loans to a couple of third-party borrowers (“the Borrowers”), who are business partners of 3A Partners Limited, an affiliate of a consultant of Finnovate. The aggregate balance was nil and US$1,409,774 as of June 30, 2025 and 2024, respectively. Before the consummation of Business Combination, the Borrowers utilized the funds to support the financial needs of Sunorange Limited, which is the general partner of the sponsor of Finnovate. The repayment obligation to the Borrowers was fully settled as of June 30, 2025.
| (2) | On January 26, 2024, Scage International accepted an unsecured promissory note (the “January 2024 Promissory Note”) in the aggregate principal amount of up to US$1,500,000 from Finnovate, for the Finnovate’s working capital needs. The January 2024 Promissory Note does not bear interest and matured upon the closing of the Business Combination. As of June 30, 2025 and 2024, the Group had nil and US$200,000 outstanding under the January 2024 Promissory Note, respectively.
Schedule of Movement of Provision for Credit Losses | Movement of provision for credit losses was as follows:
|  | For the years ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Balance at beginning of the year |  | $ | 206,168 |  |  | $ | - |  |  | $ | - |
Changes in credit losses |  |  | (29,401 | ) |  |  | 207,378 |  |  |  | 29,573 |
Write-offs |  |  | - |  |  |  | - |  |  |  | (29,573 | )
Foreign currency translation adjustment |  |  | 2,773 |  |  |  | (1,210 | ) |  |  | - |
Balance at the end of the year |  | $ | 179,540 |  |  | $ | 206,168 |  |  | $ | - |

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- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
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- Definition Tabular disclosure of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer; the aggregate carrying amount of current assets, not separately presented elsewhere in the balance sheet; and other deferred costs. + References No definition available. + Details
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