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Other Receivables
 3 Months Ended
Sep. 30, 2024
Receivables [Abstract]  
Other Receivables

Note 7 – Other Receivables

 

The other receivables consist of the following as of September 30, 2024 and June 30, 2024:

 

   September 30, 2024   June 30, 2024 
Other advance   94,454    94,454 
Employee retention credit   46,440    46,440 
Total other receivables  $140,894   $140,894 

 

The Company paid $106,846 federal income taxes on behalf of a foreign investor in Legacy, and the amount due back to the Company was $94,454 as of September 30, 2024 and June 30, 2024.

 

During the fiscal year ended June 30, 2021, the Company applied for certain Employee Retention Credits (“ERTC”) under the CARES Act in the approximate amount of $2.9 million. The remaining balance of the ERTC receivable as of September 30, 2024 and June 30, 2024 was $46,440.