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Commitments (Tables)
3 Months Ended
Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Guo Hao Century Entered into a Lease for the Office in Hangzhou City On May 10, 2023, Guo Hao Century entered into a lease for the office in Hangzhou City, China from May 10, 2023 to May 9, 2025. The security deposit is RMB 115,311 ($7,670). The quarterly rent is as follows:
Start Date  End Date  Rent expense 
      RMB   USD 
5/10/2023  8/9/2023   43,786   $6,060 
8/10/2023  11/9/2023   66,038    9,139 
11/10/2023  2/9/2024   66,038    9,139 
2/10/2024  5/9/2024   64,602    8,940 
5/10/2024  8/9/2024   66,038    9,139 
8/10/2024  11/9/2024   66,038    9,139 
11/10/2024  2/9/2025   66,038    9,139 
2/10/2025  5/9/2025   63,884   $8,841 

 

Schedule of Components of Lease Costs The components of lease costs, lease term and discount rate with respect of the Company’s office lease and the senior officers’ dormitory lease with an initial term of more than 12 months are as follows:
   Three Months
Ended
September 30,
2023
   Three Months
Ended
September 30,
2022
 
Operating lease expense  $74,181   $203,111 
         
   September 30,
2023
   June 30,
2023
 
Right-of-use assets  $65,854   $137,856 
Lease liabilities - current   34,367    126,640 
Lease liabilities - noncurrent   17,781    26,449 
Weighted average remaining lease term   0.36 years    0.67 years 
Weighted average discount rate   6.25%   6.25%
Schedule of Maturities of the Operating Lease Liabilities The following is a schedule, by years, of maturities of the operating lease liabilities as of September 30, 2023:
12 Months Ending September 30,  Minimum
Lease
Payment
 
2023  $36,591 
2024   18,096 
Total undiscounted cash flows   54,687 
Less: imputed interest   (2,539)
Present value of lease liabilities  $52,148