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Prepayments and Other Assets (Tables)
12 Months Ended
Jun. 30, 2025
Prepayments and Other Assets, Net [Abstract]  
Schedule of Prepayments and Other Current and Non-current Assets

Prepayments and other current assets consisted of the following:

 

   As of
June 30,
2025
   As of
June 30,
2024
 
Advance to crew  $172,133   $267,165 
Advance to employee   57,408    211,375 
Rental deposit(1)   500,000    
 
Other   58,810    76,530 
Total  $788,351   $555,070 

Prepayments and other non-current assets consisted of the following:

 

   As of
June 30,
2025
   As of
June 30,
2024
 
Rental deposit(1)  $
   $500,000 
Loan security deposit(2)   475,000    475,000 
Total  $475,000   $975,000 

 

(1)Rental deposit represents a deposit of $500,000 paid to the lessor of Top Advancer (see Note 8), which is expected to be received in December 2025 upon the lease’s expiration.

 

(2)This is long-term loan security deposit of $475,000, which is expected to be collected at the end of long-term loan agreement (see Note 9).