Advances to Suppliers

9 Months Ended

Mar. 31, 2024

Advances to Suppliers [Abstract]

ADVANCES TO SUPPLIERS

Note 6. ADVANCES TO SUPPLIERS 

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

	March 31,			June 30,
	2024			2023
Freight fees (1)	$	478,718		$	428,032
Less: allowances for credit losses		(300,000	)		(300,000	)
Advances to suppliers-third parties, net	$	178,718		$	128,032

(1) The advanced freight fee is the Company’s prepayment made for various shipping costs for shipments from July 1, 2021 to March 31, 2024. The Company provided an allowance of $300,000 for the year ended June 30, 2022, and there was no change in the fiscal year ended June 30, 2023 and for the nine months ended March 31, 2024.