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Long Term Payable | 12 Months Ended
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Jun. 30, 2025
Long Term Payable [Abstract] |
LONG TERM PAYABLE | NOTE 9 – LONG TERM PAYABLE On February 7, 2023, Beijing Haoxi signed an auto loan with Mercedes-Benz Auto Finance Co., Ltd. for RMB800,000 ($112,252) to purchase a car worth RMB1,000,000 ($140,315) with a down payment of RMB200,000 ($28,063). The loan repayment period is 3 years with a monthly installment of RMB24,698 ($3,466). Mr. Xu Lei was the guarantor. As of June 30, 2025 and 2024, long-term payable were $26,496 and $66,365 (current portion of $40,477 and noncurrent portion of $25,888), respectively. As of June 30, 2025 and 2024, the unrecognized financing expense amortized was 3,211 and $5,706, respectively. The remaining unrecognized financing expense was $1,105 and $4,336, respectively.
|  | As of June 30, 2025 |
Long-term accounts payable-current |  | $ | 27,601 |
Unrecognized financing expense |  |  | (1,105 | )
Long-term accounts payable-current, net |  | $ | 26,496 |
|  | As of June 30, 2024 |
Long-term accounts payable-current |  | $ | 41,587 |
Unrecognized financing expense |  |  | (1,110 | )
Long-term accounts payable-current, net |  | $ | 40,477 |
|  | As of June 30, 2024 |
Long-term accounts payable-non-current |  | $ | 29,114 |
Unrecognized financing expense |  |  | (3,226 | )
Long-term accounts payable-non-current, net |  | $ | 25,888 |
The weighted-average remaining loan term and the required rate of return required by the lender is as follows:
|  | As of June 30, 2025 |
Weighted-average remaining lease term |  |  | 8 months |
The required rate of return required by the lender |  |  | 6.99 | %
The repayment schedule is as follows:
|  | Payments due by period |
|  | Total |  |  | Less than 1 year |  |  | 1-2 years |  |  | 2-3 years |  |  | More than 3 years |
As of June 30, 2025 |  | $ | 41,587 |  |  | $ | 41,587 |  |  | $ | — |  |  | $ | — |  |  | $ | — |

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 470 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/470/tableOfContent + Details
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