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Loans receivable, net
 12 Months Ended
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.