RELATED PARTY TRANSACTIONS (Tables)

6 Months Ended

Dec. 31, 2024

Related Party Transactions [Abstract]

SCHEDULE OF RELATED PARTIES

Name of Related Party	Relationship to the Company
Yun-Kuang Kung	Son of Shang-Chiai Kung, who is the Chairman of Vivic Corp.
Kung Hwang Liu Shiang	Director and Spouse of Shang-Chiai Kung, who is the Chairman of Vivic Corp.
Shang-Chiai Kung	Chairman of Vivic Corp.
Kun-Teng Liao*	Former Secretary and Board Member
Tse-Ling Wang	Director and Secretary of the Company
Guangdong Weiguan Ship	Yun-Kuang Kung acquired 100% ownership of this entity from Vivic Corp. in July 2023
Jiazhou Yacht Company Limited	Yun-Kuang Kung has 100% ownership of this entity

* On October 9, 2024, Kun-Teng Liao resigned from his positions with the Company and ceased to be Secretary and a Board Member. Mr. Kun-Teng Liao began to function in the capacity of the Company’s Chief Operating Officer and was officially appointed as the Company’s Chief Operating Officer effective January 25, 2025.

SCHEDULE OF DUE FROM RELATED PARTY

Due from related parties consisted of the following:

Name	December 31, 2024		June 30, 2024
Guangdong Weiguan Ship 1)	$	2,497,567	$	2,365,420
Yun-Kuang Kung 2)		-		186,948
Total	$	2,497,567	$	2,552,368

As of December 31, 2024, the due from related parties consisted of the following:

1)	The Company had a receivable from Weiguan Ship for $2,497,567 as of December 31, 2024. Because Weiguan Ship was owned by the Company as of June 30, 2023, any amount due was eliminated at consolidation.
2)	On June 16, 2023, the Company loaned $0.31 million to Yun-Kuang Kung. The amount is non-interest bearing and is payable on May 31, 2026. As collateral security for the amount due, Yun-Kuang Kung has agreed to grant the Company a lien on a yacht with a book value of approximately $400,000. During the six months ended December 31, 2024, Yun-Kuang Kung repaid the amount due to the Company in full.

SCHEDULE OF DUE TO RELATED PARTIES

Due to related parties consisted of the following:

Name	December 31, 2024		June 30, 2024
Kung Hwang Liu Shiang	$	48,576	$	2,815
Yun-Kuang Kung		148,891		-
Shang-Chiai Kung		166,101		183,816
Total	$	363,568	$	186,631