Loans From Third Parties |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||
| Loans From Third Parties [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||
| LOANS FROM THIRD PARTIES | Note 9. LOANS FROM THIRD PARTIES
The Company’s loans from third parties are as follows:
As of June 30, 2025, loans from third parties amounted to $1.5 million with a weighted average interest rate of 12% and a weighted average maturity of one year.
For the years ended June 30, 2025 and 2024, interest expenses were $146,370 and nil, respectively. |
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- References No definition available.
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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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