9. LEASES
As of March 31, 2025, the
Company has two finance leases for motor vehicles.
SCHEDULE OF RIGHT-OF-USE ASSETS AND LEASE LIABILITIES OF OPERATING AND FINANCE LEASE
| | |
As of March 31, 2025 | |
As of June 30, 2024 |
| | |
| |
|
| Right-of-use assets-finance leases | |
| 59,146 | | |
| 73,461 | |
| Total right-of-use assets | |
$ | 59,146 | | |
$ | 73,461 | |
| | |
| | | |
| | |
| Finance lease liabilities – current | |
| 21,137 | | |
| 18,866 | |
| Finance lease liabilities – non-current | |
| 28,340 | | |
| 41,686 | |
| Total lease liabilities | |
$ | 49,477 | | |
| 60,552 | |
The components of lease expense and supplemental cash
flow information related to leases for the nine months ended March 31, 2025 and 2024 are as follows:
SCHEDULE OF LEASE EXPENSE AND SUPPLEMENTAL CASH FLOW INFORMATION RELATED TO LEASES
| Other information for the nine months ended | |
March 31, 2025 | | |
March 31, 2024 | |
| | |
| | |
| |
| Cash paid for amounts included in the measurement of lease obligations | |
| | | |
| | |
| Cash payments for operating lease | |
$ | - | | |
$ | 44,455 | |
| Cash payments for finance lease | |
| 17,574 | | |
| 33,178 | |
| Weighted average remaining lease term (in years) | |
| | | |
| | |
| Operating leases | |
| - | | |
| - | |
| Finance leases | |
| 3.27 | | |
| 3.27 | |
| Weighted average discount rate | |
| | | |
| | |
| Operating leases | |
| 7.31 | % | |
| 7.31 | % |
| Finance leases | |
| 8.77 | % | |
| 8.77 | % |
The undiscounted future minimum payments under the
Company’s operating and finance lease liabilities and reconciliation to the operating and finance lease liabilities recognized on
the consolidated balance sheet as of March 31, 2025 are as follows:
SCHEDULE OF FUTURE MINIMUM PAYMENTS
| | |
Operating lease | | |
Finance lease | |
| | |
| | |
| |
| Year ending | |
| | | |
| | |
| 2026 | |
$ | - | | |
$ | 23,432 | |
| 2027 | |
| - | | |
| 14,853 | |
| 2028 | |
| - | | |
| 10,565 | |
| Thereafter | |
| - | | |
| 4,402 | |
| Total lease payment | |
| - | | |
| 53,252 | |
| Less: Imputed interest | |
| - | | |
| (3,775 | ) |
| Total lease obligations | |
$ | - | | |
| 49,477 | |
| Current | |
| - | | |
| (21,137 | ) |
| Long term | |
$ | - | | |
$ | 28,340 | |
|