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Leases | 12 Months Ended
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Jun. 30, 2025
Leases [Abstract] |
Leases | (8) Leases Our operating leases primarily consist of leases of office, factories buildings and factory equipment. Our finance leases consist of lease of motor vehicles. The recognition of whether a contract contains a lease is made by evaluating whether the arrangement conveys the right to use an identified asset and whether we obtain substantially all the economic benefits from and has the ability to direct the use of the asset. Our lease assets and liabilities are included in the lease right-of-use assets, net, lease liabilities, current portion, and lease liabilities, non-current portion on the consolidated balance sheets. We follow ASU No. 2016-02 and related standards (collectively ASC 842, Leases). We used the implicit rate and incremental borrowing rate from 3.18% to 4.75% as the discount rate, based on the information available at commencement date in determining the present value of lease payments. Supplemental balance sheet information related to leases was as follows:
|  | As of June 30, |
|  | 2025 |  |  | 2024 |
|  | $ |  |  | $ |
Right-of-use assets(“ROU”), net |  |  | 3,177,674 |  |  |  | 3,474,737 |
Operating lease ROU |  |  | 3,126,045 |  |  |  | 3,406,861 |
Finance lease ROU |  |  | 51,629 |  |  |  | 67,876 |
Lease liabilities - current |  |  | 223,543 |  |  |  | 218,578 |
Current operating lease obligation |  |  | 207,904 |  |  |  | 203,347 |
Current finance lease obligation |  |  | 15,639 |  |  |  | 15,231 |
Lease liabilities – non-current |  |  | 187,355 |  |  |  | 456,933 |
Non-current operating lease obligation |  |  | 160,161 |  |  |  | 413,871 |
Non-current finance lease obligation |  |  | 27,194 |  |  |  | 43,062 |
Total lease obligation |  |  | 410,898 |  |  |  | 675,511 |
Operating and finance lease expenses for the years ended June 30, 2025, 2024 and 2023 were US$350,209, US$834,423 and US$790,417, respectively. The following table shows the remaining contractual maturities of the Group’s operating and finance lease liabilities As of June 30, 2025 by years:
|  | Operating |  |  | Finance |
|  | $ |  |  | $ |
Year ending June 30, 2026 |  |  | 220,861 |  |  |  | 16,774 |
Year ending June 30, 2027 |  |  | 163,829 |  |  |  | 16,774 |
Year ending June 30, 2028 |  |  | - |  |  |  | 11,183 |
Total undiscounted lease obligations |  |  | 384,690 |  |  |  | 44,731 |
Less: imputed interest |  |  | 16,625 |  |  |  | 1,898 |
Lease liabilities recognized in the consolidated balance sheet |  |  | 368,065 |  |  |  | 42,833 |
The lease obligations will end between July 1, 2025 and April 25, 2054. The weighted-average discount rate used to determine the operating lease liabilities as of June 30, 2025 was 4.37%.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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