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Prepayments, Receivables and Other Assets, Net (Tables)
12 Months Ended
Jun. 30, 2025
Prepaid Expenses and Other Current Assets, Net [Abstract]  
Schedule of Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets, net consisted of the following:

 

   As of June 30, 
   2025   2024 
Loans to third parties(1)  $4,585,103   $3,087,665 
Other receivables   268,924    263,445 
Subtotal   4,854,027    3,351,110 
Less: allowance for doubtful accounts   (27,938)   (28,063)
Prepaid expenses and other current assets  $4,826,089   $3,323,047 

 

(1)

These loans mainly include two categories:

 

The first category is loans issued to business partners for short-term working capital. The loan term is within 1 year, with an annual interest rate of 8%, and interest is paid semi-annually.

 

Among these, the US$1.5 million loan of Borrower A was extended on March 11, 2025, with the maturity date of the extended loan being March 12, 2026. The US$1.02 million loan of Borrower B was extended on February 15, 2025, and the maturity date of the extended loan is February 15, 2026.

 

The second category is the funds facilitated to a third party for higher yield of idle funds. As of June 30, 2025, the company has paid a total of $500,000. The maturity date of this entrusted fund is 203 days, with a yield rate of 4.3%. Among this, $150,000 matured on August 13, 2025. The company re-entrusted the total matured principal and earnings of $153,587, and the updated maturity date is March 14, 2026. The maturity date of the remaining $350,000 entrusted fund is October 28, 2025.

Schedule of Individual Loan Exceeding of Current Assets

Individual loan exceeding 5% of current assets are as following:

 

   June 30, 2025

 

 

Name of The Borrowers

  Principal Amount   Annual Interest Rate   Interest Receivable As of June 30, 2025   Contract
Term
Borrowers A  $1,500,000    8%  $5,836   2025.03.11-2026.03.12
Borrowers A   1,000,000    8%  $20.411   2024.11.12-2025.11.11
Borrowers B  $1,020,000    8%  $31,199   2025.02.15-2026.02.15

 

   June 30, 2024

 

 

Name of The Borrowers

  Principal Amount   Annual Interest Rate   Interest Receivable As of June 30, 2024   Contract
Term
Borrowers A  $1,500,000    8%  $35,836   2024.03.13-2025.03.13
Borrowers B  $1,020,000    8%  $30,404   2024.02.15-2025.02.15
Schedule of Movement of Allowance of Doubtful Accounts

The movement of allowance of doubtful accounts is as follows:

 

   Years Ended
June 30,
 
   2025   2024 
Balance at beginning of the year  $28,063    37,366 
Current year addition   (125)   (9,303)
Balance at end of the year  $27,938   $28,063