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Other Receivable and Other Receivable from Related Party
3 Months Ended
Sep. 30, 2022
Other Receivable And Other Receivable From Related Party  
Other Receivable and Other Receivable from Related Party

Note 5 – Other Receivable and Other Receivable from Related Party

 

Other receivable was $61,018 and $0 as of September 30, 2022 and June 30, 2022, respectively. Other receivable is money advanced to the Company’s financial advisor; the advance is used to pay the Company’s expenses related to professional service.

 

Other receivable from related party was $196,809 and $209,014 as of September 30, 2022 and June 30, 2022, respectively; resulting from payments made by the Company on behalf of Shengda Network Technology Co., Ltd., which is an entity 100% owned by the Company’s CEO.