v3.25.4
Income Taxes (Tables)
12 Months Ended
Jun. 30, 2025
Income tax disclosure [Abstract]  
Schedule of Income Before Income Taxes

Per the consolidated statements of income and comprehensive income, the income tax expenses for the Company can be reconciled to the income before income taxes for the fiscal years ended June 30, 2025, 2024 and 2023 as follows:

 

2025

 

2024

 

2023

Income before taxes

 

$

1,308,714

 

 

$

841,301

 

 

$

(241,286

)

PRC EIT tax rates

 

 

15

%

 

 

15

%

 

 

15

%

Tax at the PRC EIT tax rates

 

$

196,307

 

 

 

138,499

 

 

 

 

Tax effect of non-deductible expenses

 

 

4,059

 

 

 

(2,762

)

 

 

31,813

 

Tax effect of R&D expense deduction

 

 

(200,366

)

 

 

(135,737

)

 

 

 

Income tax (refund) expenses

 

$

 

 

$

 

 

$

31,813

 

Schedule of Income Taxes Continuing Operations

Income taxes for the fiscal years ended June 30, 2025 and 2024 are attributed to the Company’s continuing operations in China and consisted of:

 

2025

 

2024

 

2023

Current income tax

 

$

 

$

 

$

36,260

 

Deferred income tax

 

 

 

 

 

 

(4,447

)

Total income tax (refund) expense

 

$

 

$

 

$

31,813

 

Schedule of Deferred Tax Assets and Deferred Tax Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities as of June 30, 2025 and 2024 are presented below:

 

As of June 30,

   

2025

 

2024

 

2023

Deferred tax assets:

 

 

   

 

   

 

 

Bad debts and impairment provisions

 

 

80,714

 

 

79,563

 

 

79,738

Safety production funds

 

 

395,569

 

 

389,930

 

 

390,785

Total

 

$

476,283

 

$

469,493

 

$

470,523