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Related Party Balances and Transactions (Tables) | 12 Months Ended
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Jun. 30, 2024
Related Party Balances and Transactions [Line Items] |
Schedule of Related Party | Amount due from related party
Name of Related Party |  | Relationship |  | Nature |  | June 30, 2024 |  |  | June 30, 2023 |
Company A |  | Owned by the executives of the Company |  | Paid on behalf fees |  | $ | 140 | (1) |  | $ | — |
| (1) | As of the date of this report, such balance was repaid by Company A.
Other payable — related party consists of the following:
Name of Related Party |  | Relationship |  | Nature |  | June 30, 2024 |  |  | June 30, 2023 |
Company A(1) |  | Owned by the executives of the Company |  | Consulting fees |  | $ | — |  |  | $ | 25,000 |
Company B(2) |  | Controlled by the immediate family member of the executive of the Company |  | Research and development fees |  | $ | 51,168 |  |  |  | — |
| (1) | On September 1, 2022, the Company entered into a consulting agreement to receive consulting services provided by a consulting company which is owned by the executives of the Company.
| (2) | On September 1, 2022, the Company entered into an agreement with Company B for the research and development project.
As of June 30, 2024 and 2023, the outstanding short-term loan from related party consists of the following:
|  | June 30, 2024 |  |  | June 30, 2023 |
Executive(1) |  | $ | — |  |  | $ | 91,235 |
| (1) | On July 23, 2019, the Company entered into a loan agreement with the executive of the Company. The loan agreement allows the Company to draw up to $1,000,000 and is non-interest bearing. The Company’s imputed interest is immaterial. During the year ended June 30, 2024, the Company made a full repayment to the related party with a total amount of $91,235.
Research and development expenses
Name of Related Party |  | Relationship |  | For the Year Ended June 30, 2024 |  |  | For the Year Ended June 30, 2023 |
Company B(1) |  | Controlled by the immediate family member of the executive of the Company |  | $ | 91,168 |  |  | $ | 272,080 |
| (1) | On September 1, 2022, the Company entered into an agreement with Company B for the research and development project.
Consulting expense
Name of Related Party |  | Relationship |  | For the Year Ended June 30, 2024 |  |  | For the Year Ended June 30, 2023 |
Company A(1) |  | Owned by the executives of the Company |  | $ | 324,000 |  |  | $ | 25,000 |
| (1) | On September 1, 2022, the Company entered into a consulting agreement to receive consulting services provided by a consulting company which is owned by the executives of the Company.

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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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