XML 81 R56.htm IDEA: XBRL DOCUMENT v3.25.0.1
SCHEDULE OF DUE FROM RELATED PARTIES (Details) (Parenthetical) - USD ($)
Jun. 16, 2023
Dec. 31, 2024
Jun. 30, 2024
Guangdong Weiguan Ship Tech Co., Ltd [Member]      
Related Party Transaction [Line Items]      
Due from related parties [1]   $ 2,497,567 $ 2,365,420
Yun-Kuang Kung [Member]      
Related Party Transaction [Line Items]      
Due from related parties [2]   $ 186,948
Company loaned $ 310,000    
Debt instrument, maturity date May 31, 2026    
Collateral amount $ 400,000    
[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.