Concentrations

6 Months Ended

Dec. 31, 2024

Concentrations [Abstract]

CONCENTRATIONS

Note 17. CONCENTRATIONS

Major Customers

For the three months ended December 31, 2024, one customer accounted for 100% of the Company’s gross revenues. For the six months ended December 31, 2024, one customer accounted for 96.0% of the Company’s gross revenues. As of December 31, 2024, two customers accounted for 69.1% and 22.8% of the Company’s accounts receivable, net.

For the three months ended December 31, 2023, one customer accounted for 69.1% 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.

Major Suppliers

For the three months ended December 31, 2024, three suppliers accounted for approximately 43.71%, 18.68% and 18.45% of the total gross purchases. For the six months ended December 31, 2024, three suppliers accounted for approximately 29.5%, 20.5% and 13.3% of the total gross purchases.

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