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Accounts Receivable, Net (Tables) | 12 Months Ended
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Jun. 30, 2024
Accounts Receivable, Net [Abstract] |
Schedule of Accounts Receivable | As of June 30, 2024 and 2023, accounts receivable consisted of the following:
|  | As of June 30, |
|  | 2024 |  |  | 2023 |
Accounts receivable |  |  |  |  |  |
- third parties |  | $ | 34,334,313 |  |  | $ | 24,000,374 |
- related parties |  |  | 2,130,263 |  |  |  | - |
Less: allowance for credit losses |  |  |  |  |  |  |  |
- third parties |  |  | (12,160,121 | ) |  |  | (4,358,037 | )
- related parties |  |  | (1,513 | ) |  |  | - |
Accounts receivable, net |  | $ | 24,302,942 |  |  | $ | 19,642,337 |
Schedule of Allowance for Credit Losses | An analysis of the allowance for credit losses for accounts receivable – third parties was as follows:
|  | As of June 30, |
|  | 2024 |  |  | 2023 |
Balance at beginning of the year |  | $ | 4,358,037 |  |  | $ | 1,815,665 |
Adoption ASU 2016-13 |  |  | 1,258,718 |  |  |  | - |
Additional provision charged to expense |  |  | 8,312,150 |  |  |  | 2,795,662 |
Written-off |  |  | (1,575,814 | ) |  |  | - |
Decrease on disposal of a subsidiary |  |  | (137,592 | ) |  |  | - |
Foreign exchange |  |  | (55,378 | ) |  |  | (253,290 | )
Balance at the end of the year |  | $ | 12,160,121 |  |  | $ | 4,358,037 |
An analysis of the allowance for credit losses for accounts receivable – related parties was as follows:
|  | As of June 30, |
|  | 2024 |  |  | 2023 |
Balance at beginning of the year |  | $ | - |  |  | $ | - |
Provision |  |  | 1,522 |  |  |  | - |
Foreign exchange |  |  | (9 | ) |  |  | - |
Balance at the end of the year |  | $ | 1,513 |  |  | $ | - |

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- Definition Tabular disclosure of allowance for credit loss on accounts 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 various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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