XML 57 R38.htm IDEA: XBRL DOCUMENT v3.25.2
Lease (Tables)
12 Months Ended
Jun. 30, 2024
Lease [Abstract]  
Schedule of Lease

The following table provides a summary of leases as of June 30, 2024 and June 30, 2023:

 

Assets/liabilities  June 30,
2024
   June 30,
2023
 
Assets        
Operating lease right-of-use assets  $105,614   $
-
 
Total lease assets  $105,614   $
-
 
           
Liabilities          
Operating lease liability - current  $67,055   $
-
 
Operating lease liability – non-current  $66,685   $
-
 
Total lease liabilities  $133,740   $
-
 
Schedule of Operating Lease Expense

The operating lease expense for the years ended June 30, 2024 and 2023 was as follows:

 

      For the years ended
June 30,
 
Lease Cost  Classification  2024   2023 
Operating lease cost             
Lease expenses  Cost of revenues  $5,941   $
      -
 
Lease expenses  General and administrative   22,350    
-
 
Total lease cost     $28,291   $
-
 
Schedule of Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities as of June 30, 2024 were as follows:

 

Maturity of Lease Liabilities  Operating lease 
2024  $70,316 
2025   28,126 
2026   28,126 
2027   14,064 
2028 and thereafter   
-
 
Total lease payments   140,632 
Less: Interest   (6,892)
Present value of lease payments  $133,740 
Schedule of Supplemental Information Related to Operating Leases

Supplemental information related to operating leases was as follows:

 

   For the years ended
June 30,
 
   2024   2023 
Cash paid for amounts included in the measurement of lease liabilities  $
-
   $
-
 
New operating lease assets obtained in exchange for operating lease liabilities   129,478    
-
 
           
Weighted average remaining operating lease term   4.00 years    
-
 
Weighted average discount rate for operating lease   4.20%   
-