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

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