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Leases
3 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Leases

Note 16 – Leases

 

As of September 30, 2025 and June 30, 2025, the Company has engaged in multiple offices leases which were classified as operating leases.

 

The Company occupies various offices under operating lease agreements with a term shorter than twelve months which it elected not to recognize lease assets and lease liabilities under ASC 842. Instead, the Company recognized the lease payments in profit or loss on a straight-line basis over the lease term and variable lease payments in the period in which the obligation for those payments is incurred.

 

The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants.

 

The Company recognized lease expense on a straight-line basis over the lease term for operating lease.

 

Operating lease expense for the three months ended September 30, 2025 and 2024 were $13,673, and $9,217, respectively.

 

As of September 30, 2025 and June 30, 2025, the weighted-average lease term is 2.0 and 2.3 years for the remaining leases, respectively. Weighted-average discounted rated related to leases were 6.0% as of September 30, 2025 and June 30, 2025, respectively.

 

The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. The Company’s lease liabilities under the remaining operating leases as of September 30, 2025 for the next five years is as follows:

 

   September 30,
2025
 
2026  $53,390 
2027   69,408 
2028   
-
 
Total undiscounted lease payments   122,798 
Less imputed interest   (7,452)
Total lease liabilities  $115,346