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Other Payables and Accrued Liabilities
 3 Months Ended
Sep. 30, 2023
Other Payables and Accrued Liabilities [Abstract]  
Other payables and accrued liabilities

Note 10 – Other payables and accrued liabilities

 

  

As of

September 30,

2023

  

As of

June 30,

2023

 
    (Unaudited)  

(Audited) 

 
Accrued professional fees (i)  $242,122   $233,600 
Accrued promotion expenses (ii)   4,004    39,538 
Accrued payroll   152,036    157,542 
Accrued interest (iii)   107,097    79,936 
Payables to merchant from ZCITY platform (iv)   175,568    174,056 
Others   36,773    38,724 
Total other payables and accrued liabilities  $717,600   $723,396 

 

(i)Accrued professional fees

 

The balance of accrued professional fees represented amount due to third parties service providers which include marketing consulting service, IT related professional service, audit fee, tax filing fee, and consulting fee related to capital raising.

 

(ii)Accrued promotion expense

 

The balance of accrued promotion expense represented the balance of profit sharing payable to the Company’s merchant and subscribed agents to promote business growth.

 

(iii)Accrued interest

 

The balance of accrued interest represented the balance of interest payable from convertible notes aforementioned in Note 9.

 

(iv)Payables to merchants from ZCITY platform

 

The balance of payables to merchants from ZCITY platform represented the amount the Company collected on behalf of merchant from its customer through the Company’s ZCITY platform.