Advances to Suppliers

6 Months Ended

Dec. 31, 2023

Advances to Suppliers [Abstract]

ADVANCES TO SUPPLIERS

Note 6. ADVANCES TO SUPPLIERS  

The Company’s advances to suppliers – third parties are as follows:

	December 31,			June 30,
	2023			2023
Freight fees (1)	$	323,355		$	428,032
Less: allowances for credit losses		(300,000	)		(300,000	)
Advances to suppliers-third parties, net	$	23,355		$	128,032

(1) The advanced freight fee is the Company’s prepayment made for various shipping costs for shipments from January 1, 2023 to December 31, 2023. The Company provided an allowance of $300,000 for the year ended June 30, 2022, and there was no change in the fiscal year 2023 and for the six months ended December 31, 2023.