XML 30 R20.htm IDEA: XBRL DOCUMENT
v3.25.1

Due From/(To) Related Parties | 6 Months Ended
--- | ---
Dec. 31, 2024
Related Party Transactions [Abstract] |
Due From/(To) Related Parties | 14. Due From/(To) Related Parties The following is a list of the related parties with whom the Group conducted transactions during the six months ended December 31, 2024 and 2023, and their relation with the Group:
Name of the related parties |  | Relation with the Group
Mr. Joseph Shu Sang Law |  | Chairman of board of director
Mr. Tingjun Yang |  | Co-chief executive officer and director
Mr. Ye Tao |  | Co-chief executive officer
Mr. Zhiyong Lin |  | Chief technical officer
Ms. Hui Wang |  | Former chief financial officer
|  | As of December 31, 2024 |  |  | As of June 30, 2024 |
|  | US$ |  |  | US$ |
Due from related parties – current |  |  |  |  |  |
Mr. Ye Tao |  | $ | 5,936 |  |  | $ | 5,962 |
Ms. Hui Wang |  |  | — |  |  |  | 25,614 |
Mr. Zhiyong Lin |  |  | — |  |  |  | 437 |
|  | $ | 5,936 |  |  | $ | 32,013 |
Due from related parties represents cash advanced to these related parties to use for the Company’s operations.
|  | As of December 31, 2024 |  |  | As of June 30, 2024 |
|  | US$ |  |  | US$ |
Due to a related party – current |  |  |  |  |  |
Mr. Tingjun Yang |  | $ | 63,000 |  |  | $ | — |
|  | $ | 63,000 |  |  | $ | — |
Due to a related party – non-current |  |  |  |  |  |  |  |
Mr. Joseph Shu Sang Law |  | $ | 85,567 |  |  | $ | 402,202 |
|  | $ | 85,567 |  |  | $ | 402,202 |
Due to a related party – current represented the payment from this related party on behalf of the Company for the Company’s operation. Due to a related party – non-current represents interest-free loan payable on money borrowed by the Company and used for daily operation. The payable is interest-free and has maturity date on September 30, 2027. As of the date of this financial statement, nil of the payable has been settled. The major related party transactions with Mr. Joseph Shu Sang Law are summarized as follows:
|  | Amount due to |
|  | US$ |
Balance as of July 1, 2024 |  | $ | 402,202 |
Loan borrowed from related party |  |  | 50,859 |
Repayment of loan to related party |  |  | (370,541 | )
Exchange rate translation difference |  |  | 3,047 |
Balance as of December 31, 2024 |  | $ | 85,567 |

X
- References No definition available. + Details
Name: | us-gaap_RelatedPartyTransactionsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480990/946-20-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480990/946-20-50-5 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480990/946-20-50-6 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477968/946-235-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477968/946-235-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(2)(g)(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(2)(c)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(2)(e)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/850/tableOfContent Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-6 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 + Details
Name: | us-gaap_RelatedPartyTransactionsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration