v3.26.1
COMMITMENTS AND CONTINGENCIES
 12 Months Ended
Jun. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES

NOTE 18 — COMMITMENTS AND CONTINGENCIES

 

Contractual Commitments

 

As of June 30, 2025, the Company’s contractual obligations consist of the following:

 

Contractual Obligations  Total   Less than
1 year		   2 years   3 years   4 years   5 years   More than
5 years		 
Operating lease obligations  $1,411,138    673,681    685,475    51,982    -    -    - 
Loan obligations   799,868    127,561    131,441    135,402    139,558    138,072    127,834 
Provision for reinstatement   114,555    53,072    -    61,483    -    -    - 
Total  $2,325,561   $854,314   $816,916   $248,867   $139,558   $138,072   $127,834 

 

Contingencies

 

The Company may be involved in certain legal proceedings, claims and disputes arising from the commercial operations, which, in general, are subject to uncertainties and in which the outcomes are not predictable. The Company determines whether an estimated loss from a contingency should be accrued by assessing whether a loss is deemed probable and can be reasonably estimated. The Company has no pending claims, litigation or other disputes for the year ended June 30, 2025 and 2024.