Other Non-Current Assets

9 Months Ended

Mar. 31, 2025

Other Non-Current Assets [Abstract]

OTHER NON-CURRENT ASSETS

NOTE 7 – OTHER NON-CURRENT ASSETS

Other non-current assets mainly include advance payments related to leasing land for use by the Company. As of March 31, 2025, the balance of other non-current assets was $12,389,739 and $1,883,761 was the lease fee advances for agriculture lands that the Company engaged in Shiquan County from 2027 to 2028.

In March 2017, Jinong entered into a lease agreement for approximately 3,400 mu, and 2600-hectare agriculture lands in Shiquan County, Shaanxi Province. The lease was from April 2017 and was renewable for every ten-year period up to 2066. The aggregate leasing fee was approximately RMB 13 million per annum, The Company had made 10-year advances of leasing fee per lease terms. The Company has amortized $1.4 million and $1.4 million as expenses for the nine months ended March 31, 2025 and 2024, respectively.

Estimated amortization expenses of the lease advance payments for the next three twelve-month periods ended March 31 and thereafter are as follows:

Twelve months ending March 31,
2026	$	1,850,636
2027	$	1,850,636
2028	$	33,125