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Leases
3 Months Ended
Sep. 30, 2025
Leases [Abstract]  
LEASES

Note 7. LEASES

 

The Company leases its office in Shanghai City from a third party for its operations.

 

As of September 30, 2025 and June 30, 2025, the remaining lease term was an average of 1.3 and 1.5 years, respectively. The Company’s lease agreements do not provide a readily determinable implicit rate nor is it available to the Company from its lessors. Instead, the Company estimates its incremental borrowing rate based on actual incremental borrowing interest rates from financial institutions in order to discount lease payments to present value. The discount rate of the Company’s operating leases was 10.74% and 10.74% per annum, as of September 30, 2025 and June 30, 2025, respectively.

 

Supplemental balance sheet information related to operating leases was as follows:

 

   As of   As of 
   September 30,   June 30, 
   2025   2025 
Right-of-use assets  $71,677   $84,370 
           
Lease liabilities, current   56,565    53,286 
Lease liabilities, non-current   15,112    31,084 
Total lease liabilities  $71,677   $84,370 

 

As of September 30, 2025, maturities of lease liability were as follows:

 

   As of 
   September 30, 
Twelve months ending June 30,  2025 
For the remaining fiscal year of 2026  $46,150 
2027   30,767 
Total future minimum lease payments   76,917 
Less: Imputed interest   (5,240)
Total lease liabilities  $71,677