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Other Long-Term Assets – Deposits, Net
 6 Months Ended
Dec. 31, 2024
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:

 

   December 31,   June 30, 
   2024   2024 
Rental and utilities deposits  $93,061   $206,692 
Less: allowances for deposits   (8,106)   (8,142)
Other long-term assets- deposits, net  $84,955   $198,550 

 

Movements of allowance for deposits are as follows:

 

   December 31,   June 30, 
   2024   2024 
Beginning balance  $8,142   $8,157 
Provision for expected credit losses, net of recovery   
-
    50,000 
Less: Write-off   
-
    (50,000)
Exchange rate effect   (36)   (15)
Ending balance  $8,106   $8,142