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Short-Term Loans | 12 Months Ended
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Jun. 30, 2024
Short-Term Loans [Abstract] |
Short-term loans | Note 12 — Short-term loans As of June 30, 2024 and 2023, the outstanding short-term loan from third parties consists of the following:
|  | June 30, 2024 |  |  | June 30, 2023 |
Lender A(1) |  | $ | 261,208 |  |  | $ | 261,208 |
Lender B(2) |  |  | 30,000 |  |  |  | 30,000 |
Total short-term loan |  | $ | 291,208 |  |  | $ | 291,208 |
| (1) | On December 30, 2020, the Company entered into a loan agreement with a third-party lender. The agreement allows the Company to draw up to $600,000 and is non-interest bearing. The Company’s imputed interest is immaterial. During the years ended June 30, 2024 and 2023, the Company neither drew money from the lender, nor made any repayment.
| (2) | On November 11, 2019, the Company entered into a loan agreement for an amount of $50,000 with a third-party lender. This loan is non-interest bearing. The Company’s imputed interest is immaterial. This loan had an original due date in February 2020 and automatically converted into a due on demand term thereafter. During the years ended June 30, 2024 and 2023, the Company neither drew money from the lender, nor made any repayment.

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- Definition The entire disclosure for short-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 470 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/470/tableOfContent + Details
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