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Bank Loans (Tables)

12 Months Ended

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

X

- Definition

Tabular disclosure of contractual obligation by timing of payment due. Includes, but is not limited to, long-term debt obligation, lease obligation, and purchase obligation.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-X (SX)
-Number 210
-Section 12
-Subsection 04
-Subparagraph (a)
-Publisher SEC

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

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- References

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X

- 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

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