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Prepaid Expenses and Other Current Assets | 6 Months Ended
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Dec. 31, 2023
Prepaid Expenses and Other Current Assets [Abstract] |
PREPAID EXPENSES AND OTHER CURRENT ASSETS | 7. PREPAID EXPENSES AND OTHER CURRENT ASSETS As of June 30, 2023, and December 31, 2023, prepaid expenses and other current assets consisted of the following:
|  | As of June 30, |  |  | As of December 31, |
|  | 2023 |  |  | 2023 |
Prepayment for inventory purchases |  | $ | 3,209,413 |  |  | $ | 1,123,166 |
Other receivable |  |  | 142,230 |  |  |  | 130,162 |
Prepayments |  |  | 26,974 |  |  |  | 1,363,801 |
Prepaid provisional profit tax – Hong Kong |  |  | - |  |  |  | 440,094 |
Interest receivable |  |  | - |  |  |  | 125,992 |
Total |  | $ | 3,378,617 |  |  | $ | 3,183,215 |
Prepayments primarily consist of prepayment for production testers and jigs for Ispire Malaysia, and prepayments for marketing services.

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