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Note 7 - Leases | 12 Months Ended
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Jun. 30, 2025
Notes to Financial Statements |
Lessee, Operating Leases [Text Block] |
7. | Leases
Operating leases as lessee The Company entered into operating lease agreements primarily for offices. As of June 30, 2025, the operating leases was mutually terminated in January 2025 and which is early before the maturity date of the right-of-use asset. A loss from early termination loss from continuing operations for the years ended June 30, 2023, 2024 and 2025 was recognized approximately nil, nil and US$273, respectively. As of June 30, 2024, the Company’s operating leases had a weighted average remaining lease term of 1.17 years. As of the same date, the Company’s operating leases had a weighted average discount rate of 3.50%. The following tables show right-of-use asset and lease liability, and the associated financial statement line items:
|  | As of June 30, |
|  | 2024 |  |  | 2025 |
|  | US$ |  |  | US$ |
Assets |  |  |  |  |  |  |  |
Right-of-use asset, net |  |  | 1,235 |  |  |  | - |
Liability |  |  |  |  |  |  |  |
Lease liability, current |  |  | 1,059 |  |  |  | - |
Lease liability, non-current |  |  | 250 |  |  |  | - |
The components of lease expenses are as follows:
|  | For the year ended June 30 |
|  | 2024 |  |  | 2025 |
|  | US$ |  |  | US$ |
Operating lease expense |  |  |  |  |  |  |  |
Amortization of right-of-use asset |  |  | 963 |  |  |  | 495 |
Interest of lease liability |  |  | 61 |  |  |  | 17 |
Total |  |  | 1,024 |  |  |  | 512 |
Maturities of lease liability were as follows:
|  | As of June 30, |
|  | 2024 |  |  | 2025 |
|  | US$ |  |  | US$ |
Twelve months ending June 30, |  |  |  |  |  |  |  |
2025 |  |  | 1,085 |  |  |  | - |
2026 |  |  | 250 |  |  |  | - |
Total lease payments |  |  | 1,335 |  |  |  | - |
Less: imputed interest |  |  | 26 |  |  |  | - |
Total |  |  | 1,309 |  |  |  | - |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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