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Long-Term Loan | 12 Months Ended
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Jun. 30, 2024
Long-Term Loan [Abstract] |
Long-term loan | Note 14 — Long-term loan In February 2023, Foxx purchased and financed a vehicle, for which the lender put a lien on the title and will be taken as collateral in the situation if Foxx is unable to make repayment and default on the loan, with a six-year loan for a total of approximately $137,000. As of June 30, 2024, the carrying value of the asset that has been pledged as a collateral is $91,231. The monthly payments are $2,694 from March 2023 to February 2029, with an interest rate of 11.85% per annum. The obligation is payable as follows:
Twelve months ended June 30, |  | Amount |
2025 |  | $ | 19,539 |
2026 |  |  | 22,024 |
2027 |  |  | 24,826 |
2028 |  |  | 27,984 |
2029 |  |  | 20,608 |
Total long-term debt payment |  |  | 114,981 |
Current portion of long-term debt |  |  | (19,539 | )
Long-term debt – non-current portion |  | $ | 95,442 |
Interest expense for years ended June 30, 2024 and 2023 for the above loan amounted to $14,989 and $5,442, respectively.

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- Definition The entire disclosure for long-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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