v3.23.3
Other Long-Term Assets – Deposits, Net
 3 Months Ended
Sep. 30, 2023
Other Long-Term Assets – Deposits, Net [Abstract]  
OTHER LONG-TERM ASSETS – DEPOSITS, NET

Note 8. OTHER LONG-TERM ASSETS – DEPOSITS, NET

 

The Company’s other long-term assets – deposits are as follows:

 

   September 30,   June 30, 
   2023   2023 
Rental and utilities deposits  $246,290   $244,923 
Less: allowances for deposits   (58,133)   (8,157)
Other long-term assets- deposits, net  $188,157   $236,766 

 

Movements of allowance for deposits are as follows:

 

   September 30,   June 30, 
   2023   2023 
Beginning balance  $8,157   $8,832 
Allowance for deposits   50,000    
-
 
Less: Write-off   
-
    
-
 
Exchange rate effect   (24)   (675)
Ending balance  $58,133   $8,157