v3.25.2
Other Non-Current Assets
 6 Months Ended
Dec. 31, 2024
Other Non-Current Assets [Abstract]  
OTHER NON-CURRENT ASSETS

11. OTHER NON-CURRENT ASSETS

 

As of December 31, 2024 and June 30, 2024, other non-current assets consisted of the following:

 

   As of
December 31,		   As of
June 30,		 
   2024   2024 
Prepayment of brand authorization  $4,600,000   $4,600,000 
Prepaid consulting fees or other expenses   
-
    16,430 
Lease deposit   550,751    
-
 
Other long-term receivables   195,478    195,477 
    5,346,229    4,811,907 
Impairment   (4,600,000)   (4,600,000)
   $746,229   $211,907 

 

Equity investments, which were included in the “Other non-current assets” presented in the balance sheets as of June 30, 2024, were separately disclosed as a balance sheet item as of December 31, 2024. Therefore, prior period figures were reclassified to align with current period presentation.