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Loans receivable, net | 12 Months Ended
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Jun. 30, 2025
Loans receivable, net |
Loans receivable, net | Note 5 – Loans receivable, net Outstanding balances on loans receivable consist of the following as of June 30, 2025 and 2024: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ |  | ​ |  |  | June 30, |  | June 30,
Third party | ​ | Maturity | ​ | Interest rate | ​ | Collateral/Guarantee | ​ | 2025 | ​ | 2024
A | ​ | December 15, 2024 (Fully repaid in October and December 2024, respectively) | ​ | 15.0 | % | None | ​ | $ | — |  | $ | 950,000
A | ​ | January 5, 2026 | ​ | 10.0 | % | None | ​ |  | 499,934 |  |  | 500,000
A | ​ | April 30, 2025 (Extended to April 30, 2026 on April 30, 2025) | ​ | 10.0 | % | None | ​ | ​ | 1,600,000 |  | ​ | 1,600,000
B | ​ | October 28, 2024 (Fully repaid in October 2024) | ​ | 0.0 | % | None | ​ | ​ | — | ​ | ​ | 595,822
Loans receivable from third parties | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 2,099,934 |  | ​ | 3,645,822
Allowance for credit losses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (209,993) | ​ | ​ | (275,500)
Loans receivable, net | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 1,889,941 | ​ | $ | 3,370,322
​ Movements of allowance for credit losses are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | For the year ended |  | For the year ended |  | For the year ended
​ | ​ | June 30, | ​ | June 30, | ​ | June 30,
​ | ​ | 2025 | ​ | 2024 | ​ | 2023
Beginning balance | ​ | $ | 275,500 | ​ | $ | — | ​ | $ | —
(Recovery) addition | ​ |  | (65,507) | ​ |  | 275,500 | ​ |  | —
Ending balance | ​ | $ | 209,993 | ​ | $ | 275,500 | ​ | $ | —
​ Interest income of the above loans receivable for the years ended June 30, 2025, 2024 and 2023 amounted to $210,000, $97,917 and nil, respectively. These loans were refundable and made in relation to establishing relationship for potential service providers of cryptocurrency operations.

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