Related Party Balance and Transactions (Tables)

9 Months Ended

Mar. 31, 2025

Related Party Balance and Transactions [Abstract]

Schedule of Outstanding Amounts Due from Related Parties

As of March 31, 2025 and June 30, 2024, the outstanding amounts due from related parties consist of the following:

	March 31,			June 30,
	2025			2024
Zhejiang Jinbang Fuel Energy Co., Ltd (1)	$	383,189		$	382,949
Shanghai Baoyin Industrial Co., Ltd (2)		1,069,975			1,066,003
LSM Trading Ltd (3)		-			570,000
Rich Trading Co. Ltd (4)		-			103,424
Less: allowance for credit losses		(1,449,860	)		(2,122,376	)
Total	$	3,304		$	-

(1) As of March 31, 2025 and June 30, 2024, the Company advanced $383,189 and $382,949 to Zhejiang Jinbang Fuel Energy Co., Ltd (“Zhejiang Jinbang”) which is 30% owned by Mr. Wang Qinggang, CEO and legal representative of Trans Pacific Shanghai. The advance is non-interest bearing and due on demand. The Company provided allowance of $383,189 and $382,949 for the balance of the receivable as of March 31, 2025 and June 30, 2024, and the allowance changes as a result of changes in exchange rates.

(2) As of March 31, 2025 and June 30, 2024, the Company advanced approximately $1,069,975 and $1,066,003 to Shanghai Baoyin Industrial Co., Ltd. which is 30% owned by Qinggang Wang, CEO and legal representative of Trans Pacific Logistic Shanghai Ltd. The advance is non-interest bearing and due on demand. The Company provided allowance of $1,066,671 and $1,066,003 for the balance of the receivable as of March 31, 2025 and June 30, 2024, and the allowance changes as a result of changes in exchange rates.

(3) As of March 31, 2025 and June 30, 2024, the Company advanced $570,000 to LSM Trading Ltd, which is 40% owned by the Company. The advance is non-interest bearing and due on demand. The Company provided full credit losses for the balance of the receivable as of June 30, 2024. As of March 31,2025, this receivable was fully written off, as the company deems  the amount unrecoverable

(4) On November 16, 2021, the Company entered into a project cooperation agreement with Rich Trading Co. Ltd USA (“Rich Trading”) for the trading of computer equipment. Rich Trading’s bank account was controlled by now-terminated members of the Company’s management and was, at the time, an undisclosed related party. According to the agreement, the Company was to invest $4.5 million in the trading business operated by Rich Trading and the Company would be entitled to 90% of profits generated by the trading business. The Company advanced $3,303,424 for this project, of which $3,200,000 has been returned to the Company. The Company provided allowance of $103,424 for the balance of the receivable as of June 30, 2024. As of March 31, 2025, this receivable was fully written off, as the company deems the amount unrecoverable.

Schedule of Movement of Allowance for Credit Losses

Movement of allowance for credit losses are as follows:

	March 31,			June 30,
	2025			2024
Beginning balance	$	2,122,376		$	2,138,276
Less: write-off		(673,424	)		-
Exchange rate effect		908			(15,900	)
Ending balance	$	1,449,860		$	2,122,376