PREPAID EXPENSES AND OTHER CURRENT ASSETS

9 Months Ended

12 Months Ended

Mar. 31, 2025

Jun. 30, 2024

PREPAID EXPENSES AND OTHER CURRENT ASSETS

Note 5 — PREPAID EXPENSES AND OTHER CURRENT ASSETS

Prepaid expenses and other current assets consisted of the following:

	March 31, 2025		June 30 2024
	As of
	March 31, 2025		June 30 2024
Prepaid expenses	$	-	$	6,677
Rental and other deposits		142,867		139,038
Accounts receivable collected by other third parties		2,433,181		1,885,077
Others		127,612		10,320
Total prepaid expenses and other current assets	$	2,703,660	$	2,041,112

The Company assessed the collectability of prepaid expenses and other current assets, and the Company did not provide any allowance for credit losses. As of the date of these financial statements, approximately 20.7% of the balance of accounts receivable collected by other third parties as of March 31, 2025 had been collected. As of the date of these financial statements, all the accounts receivable collected by other third parties outstanding as of June 30, 2024 had been collected.

Gamehaus Inc [Member]

PREPAID EXPENSES AND OTHER CURRENT ASSETS

Note 5 — PREPAID EXPENSES AND OTHER CURRENT ASSETS

Prepaid expenses and other current assets consisted of the following:

	2024		2023
	As of June 30,
	2024		2023
Prepaid expenses	$	6,677	$	935,211
Rental and other deposits		139,038		139,660
Accounts receivable collected by other third parties		1,885,077		1,651,378
Others		10,320		5,516
Total prepaid expenses and other current assets	$	2,041,112	$	2,731,765

The Company assessed the collectability of prepaid expenses and other current assets, and the Company did not provide any allowance for credit losses. As of the date of these financial statements, the Company had collected substantially all the balance of accounts receivable as of June 30, 2024 and 2023, respectively.