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Long Term Payable
 12 Months Ended
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   $
—
   $
—
   $
—