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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Jun. 30, 2023
Summary of Significant Accounting Policies [Abstract] |
Schedule of Estimated Useful Lives of Assets | Property and equipment, net, are stated at cost less accumulated depreciation and impairment, if any. The straight-line method is used to compute depreciation over the estimated useful lives of the assets, as follows:
|  | Useful life
Leasehold improvements |  | The shorter of remaining lease terms or the estimated useful lives
Automobiles |  | 5 years
Equipment and office furniture |  | 1-5 years
Building |  | 31 or 50 years
Office building related facility, machinery and equipment |  | 1-5 years
Schedule of Amortization is Computed Using the Straight-Line Method | Amortization is computed using the straight-line method over the following estimated useful lives:
|  | Useful life
Customer contracts |  | 10 years
Customer relationship |  | 5 – 10 years
Software |  | 3 – 10 years
Schedule of Consolidated Balance Sheet | The cumulative effect of the changes made to the Group’s consolidated balance sheet as of July 1, 2022 for the adoption of ASU 2016-02 is as follows:
|  | Balance as of |  |  | Adjustments due to |  |  | Balance as of |
|  | June 30, |  |  | the adoption of |  |  | July 1, |
|  | 2022 |  |  | ASU 2016-02 |  |  | 2022 |
|  | US$ |  |  | US$ |  |  | US$ |
Assets: |  |  |  |  |  |  |  |  |
Prepayments and other current assets |  |  | 4,215,414 |  |  |  | (1,000 | ) |  |  | 4,214,414 |
Operating lease ROU assets |  |  | - |  |  |  | 1,607,044 |  |  |  | 1,607,044 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Operating lease liabilities (current) |  |  | - |  |  |  | 928,675 |  |  |  | 928,675 |
Operating lease liabilities (non-current) |  |  | - |  |  |  | 710,602 |  |  |  | 710,602 |
Accrued expenses and other liabilities |  |  | 352,402 |  |  |  | (33,233 | ) |  |  | 319,169 |
|  |  |  |  |  |  |  | Effect of the |
|  |  |  |  |  |  |  | adoption of |
|  |  |  |  |  |  |  | ASU 2016-02 |
|  | As reported |  |  | Legacy GAAP |  |  | Higher/(lower) |
|  | US$ |  |  | US$ |  |  | US$ |
Assets: |  |  |  |  |  |  |  |  |
Operating lease ROU assets |  |  | 815,324 |  |  |  | - |  |  |  | 815,324 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Operating lease liabilities (current) |  |  | 712,302 |  |  |  | - |  |  |  | 712,302 |
Operating lease liabilities (non-current) |  |  | 104,114 |  |  |  | - |  |  |  | 104,114 |
Accrued expenses and other liabilities |  |  | 324,021 |  |  |  | 325,113 |  |  |  | (1,092 | )

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- Definition Tabular disclosure of public utility physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation expense and method used, including composite depreciation, and accumulated depreciation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 980 -SubTopic 20 -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481834/980-20-45-1 + Details
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