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Prepayments and other current assets, net | 3 Months Ended
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Sep. 30, 2024
Prepayments And Other Current Assets Net |
Prepayments and other current assets, net | Note 7 – Prepayments and other current assets, net As of September 30, 2024 and June 30, 2024, prepayments and other current assets consisted of the following:
Schedule of prepayments and other current assets |  |  |  |  |  |
|  | September 30, 2024 |  |  | June 30, 2024 |
Advance to suppliers |  | $ | 1,953,093 |  |  | $ | 1,567,528 |
Prepaid income taxes |  |  | 16,687 |  |  |  | 31,496 |
Prepaid expenses and other receivables |  |  | 839,134 |  |  |  | 747,510 |
Less: Allowance for credit losses |  |  | – |  |  |  | – |
Total |  | $ | 2,808,914 |  |  | $ | 2,346,534 |
Other receivables consisted of delivery fees of $2,786 and $3,995 from a third party for using the Company’s courier accounts at September 30, 2024 and June 30, 2024. The changes in allowance for credit losses on other receivables are summarized below:
Schedule of changes in allowance for credit losses on other receivables |  |  |  |
|  | Allowance for Credit Losses |
Balance at June 30, 2023 |  | $ | 249,128 |
Allowance recorded during the three months ended September 30, 2023 |  |  | – |
Balance at September 30, 2023 |  | $ | 249,128 |
Balance at June 30, 2024 |  | $ | – |
Allowance recorded during the three months ended September 30, 2024 |  |  | – |
Balance at September 30, 2024 |  | $ | – |
During the year ended June 30, 2024, the Company collected $249,128 of aged other receivables and recorded a reduction of bad debts expense as a reversal of the allowance of credit loss.

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