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Prepayment, Deposit and Other Receivable – Third Party
6 Months Ended
Dec. 31, 2025
Prepayment, Deposit and Other Receivable – Third Party [Abstract]  
PREPAYMENT, DEPOSIT AND OTHER RECEIVABLE – THIRD PARTY

NOTE 6 — PREPAYMENT, DEPOSIT AND OTHER RECEIVABLE – THIRD PARTY

 

   December 31,
2025
   June 30,
2025
 
Prepayment and other deposits (a)  $3,747,303   $282,704 
Rent deposits   271,486    271,207 
Advance to suppliers (b)   2,873,260    
 
Ending balance   6,892,049    553,911 
Less: non-current portion   (98,927)   (103,934)
Current portion  $6,793,122   $449,977 

 

(a)The Company entered several consulting agreements with third parties and issued shares for the services to be provided from July 2025 to December 2026. As of December 31, 2025, balance mainly represented the prepaid consulting services of $3.5 million.

 

(b)The Company entered a purchase agreement with a third party to purchase $2.9 million steel bar on September 15, 2025. As of December 31, 2025, $2.9 million has been paid to the supplier and the delivery is expected to be completed within 180 days after the prepayment.