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Income Taxes (Tables) | 6 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of the Income Tax Rate of the Group’s PRC Subsidiaries | For the six months ended December 31, 2024 and 2023, the income tax rate of the Group’s PRC subsidiaries is 25%.
|  | For the six months ended December 31 |
|  | 2024 |  |  | 2023 |
|  | US$ |  |  | US$ |
Current tax expense |  |  | 132,142 |  |  |  | 25,228 |
Deferred tax expense |  |  | 65,626 |  |  |  | 91,275 |
Income tax expenses |  |  | 197,768 |  |  |  | 116,503 |
Schedule of Reconciliation of the Income Tax Expense Determined at the PRC Statutory Income Tax Rate | A reconciliation of the income tax expense determined at the PRC statutory income tax rate to the Group’s actual income tax expense is as follows:
|  | For the six months ended December 31, |
|  | 2024 |  |  | 2023 |
|  | US$ |  |  | US$ |
Income before income tax expense |  |  | 1,267,095 |  |  |  | 800,896 |
PRC statutory income tax rate |  |  | 25 | % |  |  | 25 | %
Income tax at PRC statutory income tax rate |  |  | 316,774 |  |  |  | 200,224 |
Difference due to preferential tax |  |  | (94,614 | ) |  |  | (53,863 | )
Super deduction of qualified R&D expenditures |  |  | (37,446 | ) |  |  | (29,859 | )
Non-deductible items |  |  | 110 |  |  |  | — |
Utilization of tax loss carried forward |  |  | (61,887 | ) |  |  | (91,275 | )
Realization of deferred tax assets |  |  | 74,831 |  |  |  | 91,275 |
Income tax expense |  |  | 197,768 |  |  |  | 116,503 |
Schedule of Deferred Tax Assets | The Group’s deferred tax assets at December 31, 2024 and June 30, 2024 were as follows:
|  | As of December 31, 2024 |  |  | As of June 30, 2024 |
|  | US$ |  |  | US$ |
Deferred tax assets |  |  | 39,872 |  |  |  | 104,857 |
Less, valuation allowance |  |  | — |  |  |  | — |
Deferred tax assets, net |  |  | 39,872 |  |  |  | 104,857 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
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