Prepayments, Deposits and Other Assets, Net

12 Months Ended

Jun. 30, 2025

Prepayments, Deposits and Other Assets, Net [Abstract]

PREPAYMENTS, DEPOSITS AND OTHER ASSETS, NET

NOTE 5 – PREPAYMENTS, DEPOSITS AND OTHER ASSETS, NET

Prepayments, deposits and other assets, net consisted of the following:

	As of June 30,
	2025			2024
Prepaid expenses*		1,106,120			901,567
Contract assets		320,348			690,554
Advances and deposits to suppliers*		756,241			968,151
Deferred contract costs**		5,027,030			726,691
Note receivables		335,193			1,376,357
Advances to employees		371,799			408,480
Prepaid VAT		8,359			59,647
Less: allowance for credit losses		(1,764	)		(39,266	)
Total		7,923,326			5,092,181
Less: non-current portion		(481,761	)		(594,603	)
Prepayments, deposits and other assets – current portion		7,441,565			4,497,578

* Prepaid expenses, advances and deposits to suppliers primarily consist of advances and deposits to suppliers for purchasing goods or services that have not been received or provided.

** Deferred contract costs represent incremental costs incurred in connection with obtaining or fulfilling customer contracts that are expected to be recoverable. The increase in deferred contract costs is primarily due to an increased number of revenue contracts which the performance obligation was not satisfied as of June 30, 2025.

The movement of the allowance for credit losses is as follows:

	For the year ended
	2025			2024
Balance at beginning of the year		39,266			7,316
Provision for other receivable and contract assets		5,151			31,900
Recovery of other receivable and contract assets		(42,955	)		-
Foreign currency translation adjustment		302			50
Balance at end of the year		1,764			39,266