v3.26.1
OTHER RECEIVABLES, DEPOSITS AND PREPAYMENTS
9 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
OTHER RECEIVABLES, DEPOSITS AND PREPAYMENTS

NOTE 7 – OTHER RECEIVABLES, DEPOSITS AND PREPAYMENTS

 

Other receivables, deposits and prepayments as of March 31, 2026, and June 30, 2025, consist of the following:

 

  

March 31,

2026

  

June 30,

2025

 
         
Deposits  $6,921   $6,781 
Other receivables   37,482    41,976 
Total  $44,403   $48,757 
Less: impairment on other receivables   (34,728)   (33,110)
Other receivables and deposits, net  $9,675   $15,647 
Prepayments   85,154    46,605 
Prepaid share based compensation - nonemployees (current portion)   140,604    455,291 
Total Other receivables, deposits and prepayments  $235,433   $517,543 
           
Prepaid share based compensation - nonemployees (non-current portion)  $187,829   $126,047 

 

The Company accounts for share-based compensation in accordance with ASC 718 based on the grant-date fair value of the awards. When awards are granted to nonemployees in advance of the related services, the Company records the fair value as prepaid share-based compensation and recognizes the expense over the service period. Share-based compensation for employees is recognized over the requisite service period without the recognition of a prepaid asset. The portion of prepaid share-based compensation to nonemployees expected to be recognized within twelve months is classified as a current asset, with the remainder classified as non-current. This classification reflects the expected timing of the underlying service periods as defined in the applicable agreements.