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Other Receivables and Other Current Assets (Details) - Schedule of Other Receivables and Other Current Assets - USD ($)
Mar. 31, 2024
Jun. 30, 2023
Jun. 30, 2022
Schedule of Other Receivables and Other Current Assets [Abstract]      
Deposits $ 117,830 [1] $ 59,486 [1],[2] $ 6,020 [2]
Prepaid tax 5,287 1,595 2,760
Prepaid expense [3] 152,840 552,044  
Software development deposit [4] 84,701  
Total other receivables and other current assets $ 360,658 $ 613,125 $ 8,780
[1] The balance of deposits mainly represented deposit made by the Company to a third-party service provider to secure the service, security deposit consists of rent and utilities, and others. As of March 31, 2024 and 2023, no allowance was recorded against doubtful receivables.
[2] The balance of deposits mainly represented deposit made by the Company to a third party service provider to secure the service, security deposit consists of rent and utilities, and others. As of June 30, 2023 and 2022, no allowance was recorded against doubtful receivables.
[3]

The balance of prepaid expense mainly represented prepayment made by the Company to third parties for cyber security service, director & officer liability insurance (“D&O Insurance”) or other professional service.

 

In July 2022, the Company entered into an IT service agreement (“Service Agreement”) with a third party. Pursuant to the Service Agreement, the third party will provide IT and advisory service to the Company to enhance its cyber security for a two-year period with a consideration of $477,251. The Company amortized the prepaid expense related to Service Agreement based on the service performed and completed during each period. As of March 31, 2024, the balance of prepaid expense pertained to the Service Agreement amounted to $62,495.

 

In February 2024, the Company purchased a D&O Insurance premium amounting $74,078 which covers a period of twelve months, to be expired on February 24, 2025. As of March 31, 2024, the balance of prepaid expenses pertaining to the D&O Insurance amounted to $67,904.
[4] On July 20, 2023, the Company entered into a software development agreement (the “Agreement”) with Nexgen Advisory Sdn Bhd (“Nexgen”), an unrelated third party. Pursuant to the Agreement, the Company engaged with Nexgen in software development related to the creation of an artificial intelligence-powered travel platform. As of September 30, 2023, the Company had made a $209,768 service deposit to Nexgen; however, the service had not yet commenced. On September 25, 2023, the Company terminated the Agreement with Nexgen. As of March 31, 2024, the Company has collected $125,067 of the service deposit as mentioned above and expected to collect the remaining by the end of June 2024.