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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).