Concentrations

6 Months Ended

Dec. 31, 2023

Concentrations [Abstract]

CONCENTRATIONS

Note 17. CONCENTRATIONS  

Major Customers

For the three months ended December 31, 2023, one customer accounted for 69.1% of the Company’s gross revenues.

For the three months ended December 31, 2022, two customers accounted for approximately 26.3% and 63.8% of the Company’s gross revenues. 

For the six months ended December 31, 2023, one customer accounted for 73.8% of the Company’s gross revenues. As of December 31, 2023, two customers accounted for 63.3% and 20.1% of the Company’s accounts receivable, net.

For the six months ended December 31, 2022, two customers accounted for 12.7% and 77.6% of the Company’s gross revenues. As of December 31, 2022, one customers accounted for 74.1% of the Company’s accounts receivable, net.

Major Suppliers

For the three months ended December 31, 2023, two suppliers accounted for approximately 27.8% and 24.8% of the total gross purchases.

For the three months ended December 31, 2022, one supplier accounted for approximately 60.1% of the gross purchases.

For the six months ended December 31, 2023, two suppliers accounted for approximately 24.8% and 19.8% of the total gross purchases.

For the six months ended December 31, 2022, one supplier accounted for approximately 74.9% of the total gross purchases.