Loan Payables

9 Months Ended

Mar. 31, 2025

Loan Payables [Abstract]

LOAN PAYABLES

NOTE 10 – LOAN PAYABLES

As of March 31, 2025, the short-term and long-term loan payables consisted of ten loans which mature on dates ranging from June 24, 2025 through June 13, 2027 with interest rates ranging from 3.55% to 5.00%. No. 1 to 2 below were collateralized by Tianjuyuan’s land use right and building ownership right and guaranteed by the cash deposit. No. 3 and 4 were guaranteed by Jinong. No.5 was collateralized by Kingtone Information’s building ownership right. No. 6 to 8 below were collateralized by Jinong’s land use right and building ownership right. No. 9 to 10 were collateralized by Kingtone Information’s building ownership right and guaranteed by the legal representative of Yuxing.

No.	Payee	Loan period per agreement	Interest Rate			March 31, 2025
1	Beijing Bank -Pinggu Branch	June 28, 2024-June 27, 2025		3.95	%		1,240,650
2	Beijing Bank -Pinggu Branch	July 31, 2024-June 27, 2025		3.95	%		137,850
3	Huaxia Bank -HuaiRou Branch	June 28, 2024-June 28, 2025		3.65	%		1,378,500
4	Pinggu New Village Bank	June 28, 2024-June 27, 2025		5.00	%		964,950
5	Industrial Bank Co. Ltd	July 5, 2024-July 4, 2026		3.55	%		419,064
6	Industrial Bank Co. Ltd	August 21, 2024-June 24, 2025		3.55	%		937,380
7	Xi’an Bank Co. Ltd	September 26, 2024-September 25, 2026		3.70	%		1,378,500
8	Xi’an Bank Co. Ltd	September 26, 2024-September 25, 2026		3.70	%		1,378,500
9	Chang’An Bank	June 14, 2024-June 13, 2027		4.00	%		1,964,363
10	Qinnong Bank	August 5, 2024-August 4, 2026		3.80	%		2,757,000
	Total					$	12,556,757

The interest expense from loans was $347,974 and $216,828 for the nine months ended March 31, 2025 and 2024, respectively.