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Bank Loans (Tables) | 12 Months Ended
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Jun. 30, 2024
Bank Loans [Abstract] |
Schedule of Short-Term Bank Loans | Summary of short-term bank loans and current portion of long-term loans are as follows:
|  | Annual Interest |  |  |  |  |  | As of June 30, |
|  | Rate |  |  | Maturities |  |  | 2024 |  |  | 2023 |
Short-term loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bank of China Ltd. (2) |  |  | 4.25 | % |  | May 24, 2024 |  |  |  | - |  |  |  | 979,135 |
ICBC (4) |  |  | 3.45 | % |  | August 30, 2024 |  |  |  | 688,023 |  |  |  | - |
Xiamen International Bank (1) |  |  | 4.50 | % |  | October 8, 2024 |  |  |  | 784,346 |  |  |  | - |
Industrial Bank Co., Ltd. (1) |  |  | 4.60 | % |  | December 26, 2024 |  |  |  | 1,100,837 |  |  |  | - |
Xiamen Bank (1) |  |  | 3.50 | % |  | June 16, 2025 |  |  |  | 550,418 |  |  |  | - |
Bank of China Ltd. (5) |  |  | 4.05 | % |  | May 16, 2025 |  |  |  | 853,148 |  |  |  |  |
Xiamen International Bank (1) |  |  | 4.50 | % |  | February 28, 2025 |  |  |  | 275,210 |  |  |  |  |
Industrial Bank Co., Ltd.(1) |  |  | 4.80 | % |  | December 7, 2023 |  |  |  | - |  |  |  | 1,379,063 |
China Merchants Bank (3) |  |  | 4.93 | % |  | March 29, 2024 |  |  |  | - |  |  |  | 372,347 |
Xiamen Bank (1) |  |  | 4 | % |  | June 25, 2024 |  |  |  | - |  |  |  | 551,625 |
Industrial and Commercial Bank (4) |  |  | 3.65 | % |  | September 23, 2023 |  |  |  | - |  |  |  | 689,532 |
Subtotal |  |  |  |  |  |  |  |  |  | 4,251,982 |  |  |  | 3,971,702 |
Long-term loans-current portion: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bank of China Ltd. (2) |  |  | 3.80 | % |  | November 26, 2023 |  |  |  | - |  |  |  | 330,975 |
Bank of China Ltd. (5) |  |  | 4.35 | % |  | May 5, 2027 |  |  |  | 33,026 |  |  |  | - |
Bank of China Ltd. (5) |  |  | 4.35 | % |  | December 3, 2026 |  |  |  | 192,646 |  |  |  | - |
Bank of China Ltd. (5） |  |  | 4.35 | % |  | December31, 2026 |  |  |  | 189,894 |  |  |  | - |
Bank of China Ltd. (2) |  |  | 4.15 | % |  | December 29, 2023 |  |  |  | - |  |  |  | 772,275 |
Bank of China Ltd. (2) |  |  | 5.10 | % |  | April 15, 2024 |  |  |  | - |  |  |  | 55,163 |
Subtotal |  |  |  |  |  |  |  |  | $ | 415,566 |  |  | $ | 1,158,413 |
Summary of long-term bank loans is as follows:
|  | Annual Interest |  |  |  |  |  | As of June 30, |
|  | Rate |  |  | Maturities |  |  | 2024 |  |  | 2023 |
Long-term loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bank of China Ltd. (5) |  |  | 4.35 | % |  | May 5, 2027 |  |  |  | 132,100 |  |  |  | - |
Bank of China Ltd. (5) |  |  | 4.35 | % |  | December 31, 2026 |  |  |  | 712,104 |  |  |  | - |
Bank of China Ltd. (5) |  |  | 4.35 | % |  | December 3, 2026 |  |  |  | 674,263 |  |  |  | - |
Total |  |  |  |  |  |  |  |  | $ | 1,518,467 |  |  | $ | - |
(1) | Loans from Xiamen Bank, Industrial Bank Co., Ltd. and Xiamen International Bank were personally guaranteed by Mr. Zhuoqin Huang, the chief executive officer of the Company, and his spouse.
(2) | Loans from Bank of China were jointly guaranteed by Mr. Zhuoqin Huang, the chief executive officer of the Company, and Pop Culture.
(3) | The loan was guaranteed by Mr. Zhuoqin Huang.
(4) | The loan was guaranteed by Pop Culture and Guangzhou Financing Re-guarantee Co., LTD.
(5) | Loans from Bank of China were jointly guaranteed by Mr. Zhuoqin Huang, the chief executive officer of the Company, Guangzhou Shuzhi, and Pop Culture.
Schedule of Future Long Term Loan Obligations | As of June 30, 2024, the Company’s future long-term loan obligations according to the terms of the loan agreement were as follows:
|  | USD |
Within 1 year |  |  | 415,566 |
1-2 year |  |  | 415,566 |
2-3 year |  |  | 1,102,901 |
Total |  |  | 1,934,033 |

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- Definition Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. + 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(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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