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Related Party Transactions | 12 Months Ended
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Jun. 30, 2025
Related Party Transactions [Abstract] |
RELATED PARTY TRANSACTIONS | NOTE 14 — RELATED PARTY TRANSACTIONS The relationship of related parties is summarized as follows:
Name of Related Party |  | Relationship with the Company
Mr. Henry Liu |  | CEO, and an ultimate shareholder of the Company
Mr. Shuai Li |  | President, and an ultimate shareholder of the Company
Weship Transport Inc. (“Weship”) |  | Controlled by Mr. Henry Liu
American Bear Logistics (Wuhan) Co., Ltd. (“ABL Wuhan”) |  | The Company owns 5% of equity interest
American Bear Logistics (Shenzhen) Co., Ltd. (“ABL Shenzhen”) |  | 100% owned subsidiary of ABL Wuhan
LLL Intermodal Inc. (“Intermodal”) |  | Controlled by Mr. Henry Liu
ABL LAX LLC. (“ABL LAX”) |  | Controlled by Mr. Henry Liu and Mr. Shuai Li
| a) | Other receivable from related parties
Other receivable from related parties consists of balances with the parties listed below, arising from interest receivable, storage income, rental income, contractor salaries charged by related parties, other expenses paid on their behalf:
|  | June 30, 2025 |  |  | June 30, 2024 |
Other receivable from Weship |  | $ | 753,116 |  |  | $ | 422,742 |
Other receivable from Intermodal |  |  | 99,635 |  |  |  | 18,537 |
Other receivable from ABL LAX |  |  | 18,291 |  |  |  | — |
Other payable to ABL Shenzhen |  |  | (1,612 | ) |  |  | — |
Total |  | $ | 869,430 |  |  | $ | 441,279 |
The Company has fully collected receivable from ABL LAX and collected approximately $59,000 from Weship and $54,000 from Intermodal as of the October 8, 2025, and is planning to collect the remaining receivable balance from three related parties by the end of December 2025.
| b) | Summary of balances payable to related parties
|  | June 30, 2025 |  |  | June 30, 2024 |
Account payable to Weship |  | $ | 35,003 |  |  | $ | 175,172 |
Account payable to ABL Wuhan |  |  | 9,012 |  |  |  | 52,000 |
Account payable to Intermodal |  |  | 21,222 |  |  |  | 550 |
Total |  | $ | 65,237 |  |  | $ | 227,722 |
| c) | Summary of balances receivable from related parties
|  | June 30, 2025 |  |  | June 30, 2024 |
Accounts receivable from Weship |  | $ | 8,853 |  |  | $ | 32,435 |
Accounts receivable from ABL Shenzhen |  |  | 129,588 |  |  |  | — |
Accounts receivable from ABL Wuhan |  |  | 257,890 |  |  |  | 744,961 |
Total |  | $ | 396,331 |  |  | $ | 777,396 |
The Company has fully collected the accounts receivables from the related parties as of October 8, 2025.
| d) | Loan receivable from related parties
|  | June 30, 2025 |  |  | June 30, 2024 |
Loan receivable from Weship |  | $ | 148,000 |  |  | $ | - |
Loan receivable from ABL LAX |  |  | 129,741 |  |  |  | - |
Total |  | $ | 277,741 |  |  | $ | - |
During the fiscal year ended June 30, 2025, the Company entered into a loan agreement with related parties to support working capital needs. The loan bears interest at an annual rate of 8.99%, with the outstanding principal not exceeding US$1.0 million. The loan matures within twelve months from the date of execution. As of June 30, 2025, the total loan receivable from related parties was $0.3 million.
| d) | Summary of related parties’ transactions
|  | For the years ended June 30, |
|  | 2025 |  |  | 2024 |
Revenue from Weship (a) |  | $ | 8,241 |  |  | $ | 28,870 |
Revenue from ABL Wuhan (a) |  | $ | 1,196,119 |  |  | $ | 1,835,377 |
Revenue from ABL Shenzhen (a) |  | $ | 698,371 |  |  |  | - |
Revenue from ABL LAX |  | $ | 3,084 |  |  |  | - |
Cost of revenue charged by Weship (b) |  | $ | 869,975 |  |  | $ | 1,555,680 |
Rental income from Weship (c) |  | $ | 331,665 |  |  | $ | 288,185 |
Rental income from Intermodal (d) |  | $ | 20,021 |  |  |  | - |
Cost of revenue charged by Intermodal (e) |  | $ | 673,823 |  |  | $ | 564,519 |
Cost of revenue charged by ABL Wuhan (f) |  | $ | 133,403 |  |  | $ | 162,625 |
Cost of revenue charged by ABL LAX (g) |  | $ | 2,737 |  |  |  |  |
Interest expense charge by ABL Shenzhen (see Note 11) |  | $ | 2,418 |  |  |  | - |
During the years ended June 30, 2025 and 2024, the Company had the following transactions with its related parties — Weship, ABL Wuhan, ABL Shenzhen, ABL LAX and Intermodal
(a) | The Company provides logistic forwarding services to Weship, ABL Wuhan and ABL Shenzhen and charges Weship, ABL Wuhan and ABL Shenzhen at its regular market rate for the services provided.
(b) | Weship is one of the Company’s vendors for truck delivery service.
(c) | The Company subleased portion of its warehouse space to Weship for rental income. The Company subleased its warehouse in Chicago to Weship in July 2023 and again for the period from January 2024 to June 2025. The Company also subleased another warehouse with monthly rent of $6,500 from August 01, 2023 to October 31, 2024.
(d) | The Company subleased portion of its warehouse space to Intermodal for four months and another warehouse for twelve months.
(e) | Intermodal is one of the Company’s vendors, providing truck delivery service and provides labour forces.
(f) | ABL Wuhan provides labor force and certain cross-border freight consolidation and forwarding services and is one of our cross-border freight consolidation and forwarding service providers.
(g) | ABL LAX provides service of arranging goods in and out of warehouse.
| e) | Due to shareholders
|  | June 30, 2025 |  |  | June 30, 2024 |
Due to shareholders, end |  | $ | — |  |  | $ | (1,018,281 | )
The balance with the shareholders is unsecured, interest free, and due on demand. The Company had balance of due to shareholder Henry Liu of $nil and $986,923 and Shuai Li of $nil and $31,358 as of June 30, 2025 and 2024, respectively.
| f) | Dividend payable to shareholders
|  | June 30, 2025 |  |  | June 30, 2024 |
Dividend payable to Mr. Henry Liu |  | $ | — |  |  | $ | (27,056 | )
Dividend payable to Mr. Shuai Li |  |  | — |  |  |  | (71,794 | )
Total |  | $ | — |  |  | $ | (98,850 | )
No dividend was declared to shareholders for the years ended June 30, 2025. As of June 30, 2025, non-taxable dividends payable of $98,850 were offset against balances due from shareholders.
| g) | Salaries and employee benefits paid to major shareholders
|  | For the years ended June 30, |
|  | 2025 |  |  | 2024 |
Mr. Henry Liu |  | $ | 110,205 |  |  | $ | 97,597 |
Mr. Shuai Li |  |  | 115,282 |  |  |  | 104,628 |
Total |  | $ | 225,487 |  |  | $ | 202,225 |

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