XML 54 R43.htm IDEA: XBRL DOCUMENT v3.25.4
Related Party Transactions (Tables)
 6 Months Ended
Dec. 31, 2025
Related Party Transactions [Abstract]  
Schedule of Related Party

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
ABWL Group   Controlled by Mr. Henry Liu and Mr. Shuai Li

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:

 

   December 31,
2025		   June 30,
2025		 
Other receivable from Weship  $947,914    753,116 
Other receivable from Intermodal   115,950    99,635 
Other receivable from ABL LAX   13,746    18,291 
Other payable to ABL Shenzhen   (1,612)   (1,612)
Total  $1,075,998    869,430 
Summary of balances payable to related parties
   December 31,
2025		   June 30,
2025		 
Account payable to Weship  $127,984    35,003 
Account payable to ABL Wuhan   53,945    9,012 
Account payable to Intermodal   18,505    21,222 
Total  $200,434    65,237 
Summary of balances receivable from related parties
   December 31,
2025		   June 30,
2025		 
Accounts receivable from Weship  $20,617    8,853 
Accounts receivable from ABL Shenzhen   101,298    129,588 
Accounts receivable from ABL LAX   320    
—
 
Accounts receivable from ABL Wuhan   321,706    257,890 
Total  $443,941    396,331 
Loan receivable from related parties
   December 31,
2025		   June 30,
2025		 
Loan receivable from Weship  $148,000    148,000 
Loan receivable from ABL LAX   238,541    129,741 
Total  $386,541    277,741 

Amounts due to a related party consists of balances with the parties listed below, arising from other expenses paid on behalf of ABL Chicago:

 

   December 31,
2025		   June 30,
2025		 
Amounts due to ABL Wuhan  $260,144    
       -
 
Summary of related parties’ transactions
   For the Three Months Ended
December 31,		 
   2025   2024 
Revenue from Weship (a)  $11,764   $330 
Revenue from ABL Wuhan (a)  $417,380   $22,379 
Revenue from ABL Shenzhen (a)  $212,424   $252,518 
Rental income from Weship (c)  $76,182   $81,542 
Cost of revenue charged by Weship (b)  $127,003   $169,098 
Cost of revenue charged by Intermodal (e)  $205,630   $168,544 
Cost of revenue charged by ABL Wuhan (f)  $22,998   $18,678 
Interest expense charge by ABL Shenzhen (see Note 12)  $2,418   $
—
 

 

   For the Six Months Ended
December 31,		 
   2025   2024 
Revenue from Weship (a)  $11,764   $1,762 
Revenue from ABL Wuhan (a)  $742,992   $447,206 
Revenue from ABL Shenzhen (a)  $464,387   $308,026 
Revenue from ABL LAX (a)  $2,585   $
—
 
Rental income from Weship (c)  $152,364   $178,854 
Rental income from Intermodal (d)  $4,099   $
—
 
Cost of revenue charged by Weship (b)  $377,319   $515,113 
Cost of revenue charged by Intermodal (e)  $359,966   $341,009 
Cost of revenue charged by ABL Wuhan (f)  $84,852   $64,928 
Interest expense charge by ABL Shenzhen (see Note 12)  $4,836   $
—
 
  (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 December 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 six months ended December 31, 2025.
     
  (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.
Due to shareholders
   December 31,
2025		   June 30,
2025		 
Due to shareholders, beginning  $
—
   $
—
 
Addition   174,626    
—
 
Due to shareholders, end  $174,626   $
—
 
Salaries and employee benefits paid to major shareholders
    For the Three Months Ended
December 31,		  
    2025     2024  
Mr. Henry Liu   $ 19,708       11,262  
Mr. Shuai Li     22,584       12,905  
Total   $ 42,292       24,167  

 

    For the Six Months Ended
December 31,		  
    2025     2024  
Mr. Henry Liu   $ 42,231       33,785  
Mr. Shuai Li     48,394       38,715  
Total   $ 90,625       72,500