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v3.25.3

Other receivables, net (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2025
Other receivables, net |
Schedule of other receivables, net | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, | ​ | June 30,
​ |  | 2025 |  | 2024
Advances to third parties[1] or employees | ​ | $ | 1,202,601 | ​ | $ | 1,996,944
Interest receivables | ​ | ​ | 236,667 | ​ | ​ | 97,917
Receivable due from buyer of disposed entities | ​ |  | — | ​ |  | 2,582,761
Total other receivables | ​ | ​ | 1,439,268 | ​ | ​ | 4,677,622
Less: allowance for credit losses | ​ | ​ | (403,403) | ​ | ​ | (2,972,289)
Total other receivables, net | ​ | $ | 1,035,865 | ​ | $ | 1,705,333
[1] Non-trade advances to third parties are short term in nature and are due on demand with no interest bearing. These advances were refundable and made in relation to establishing relationship for potential service providers of cryptocurrency operations.
Schedule of movements of allowance for credit losses | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | For the year ended |  | For the year ended |  | For the year ended
​ | ​ | June 30, | ​ | June 30, | ​ | June 30,
​ | ​ | 2025 | ​ | 2024 | ​ | 2023
Beginning balance | ​ | $ | 2,972,289 | ​ | $ | 2,582,761 | ​ | $ | —
Addition | ​ |  | 13,875 | ​ |  | 389,528 | ​ |  | 2,582,761
Write-off | ​ |  | (2,582,761) | ​ |  | — | ​ |  | —
Ending balance | ​ | $ | 403,403 | ​ | $ | 2,972,289 | ​ | $ | 2,582,761
​

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