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Investment in Marketable Securities | 9 Months Ended
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Mar. 31, 2025
Investment in Marketable Securities [Abstract] |
Investment in marketable securities | Note 10 – Investment in marketable securities On July 19, 2023 (“Commencement Date”), the Company entered into a software developing agreement (“Developing Agreement”) with VCI Global Limited (“VCI”), an unrelated third party for collaboration and co-operating in the development of an artificial intelligence powered travel platform, the (“Platform”). Pursuant to the Software Development Agreement, VCI shall remit payment of cash in $1,000,000 or issuance and the allotment of ordinary shares in VCI with an equivalent value of $1,000,000 (“VCIG Shares”) within ten business days from the Commencement Date to the Company as service consideration. Both the Company and VCI had agreed that VCI to issued 286,533 shares of VCIG Shares at $3.49 per share based on 5-day volume weighted average price to the Company as a service consideration in developing above mentioned Platform. The VCIG Shares shall be issued on a restricted stock basis for a period of six (6) months from the commencement date of the Software Developing Agreement. Movements in investment in marketable securities are as follows:
|  | As of March 31, 2025 |  |  | As of June 30, 2024 |
At fair value |  | (Unaudited) |  |  |  |
Beginning balance |  | $ | 171,633 |  |  | $ | - |
Addition |  |  | - |  |  |  | 1,000,000 |
Fair value loss recognized for the year |  |  | (169,183 | ) |  |  | (828,367 | )
Closing balance |  | $ | 2,450 |  |  | $ | 171,633 |
For the three months ended March 31, 2025 and 2024, unrealized loss on marketable equity securities were $501,848 and $346,705, respectively. For the nine months ended March 31, 2025 and 2024, unrealized loss on marketable equity securities were $169,183 and $699,140, respectively.

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- Definition The entire disclosure for investment. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/320/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 321 -Publisher FASB -URI https://asc.fasb.org/321/tableOfContent Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 325 -Publisher FASB -URI https://asc.fasb.org/325/tableOfContent + Details
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- References No definition available. + Details
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