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Accounts Receivable, Net
 3 Months Ended
Sep. 30, 2024
Accounts Receivable, Net [Abstract]  
ACCOUNTS RECEIVABLE, NET

NOTE 3 — ACCOUNTS RECEIVABLE, NET

 

Accounts receivable, net consists of the following:

 

   September 30,
2024		   June 30,
2024		 
Accounts receivable – third-party customers  $1,839,243   $2,122,107 
Less: allowance for credit loss – third-party customers   (52,792)   (39,955)
Accounts receivable from third-party customers, net  $1,786,451   $2,082,152 
           
Add: accounts receivable – related party customers  $519,472   $777,396 
Less: allowance for credit loss – related party customers   (14,111)   (14,111)
Total accounts receivable, net  $505,361   $763,285 

 

Approximately $1.5 million or 65.3% of the accounts receivable balance has been collected as of the report date.

 

The movement of allowance for credit loss for the three months ended September 30, 2024 and the year ended June 30, 2024 is as follows:

 

   September 30,
2024		   June 30,
2024		 
Beginning balance  $54,066   $25,909 
Addition of provision   12,837    28,157 
Ending balance  $66,903   $54,066 

 

The Company recorded addition of allowance for credit loss of $12,837 and $ 52,122 for the three months ended September 30, 2024 and 2023, respectively.