v3.26.1
Leases
9 Months Ended
Mar. 31, 2026
Leases [Abstract]  
LEASES

Note 7. LEASES

 

The Company leases its office in Shanghai City from a third party for its operations.

 

As of March 31, 2026 and June 30, 2025, the remaining lease term was 0.8 and 1.5 years, respectively. The Company’s lease agreements do not provide a readily determinable implicit rate nor is it available to the Company from its lessors. Instead, the Company estimates its incremental borrowing rate based on actual incremental borrowing interest rates from financial institutions in order to discount lease payments to present value. The discount rate of the Company’s operating leases was 10.74% and 10.74% per annum, as of March 31, 2026 and June 30, 2025, respectively.

 

Supplemental balance sheet information related to operating leases was as follows:

 

    As of     As of  
    March 31,     June 30,  
    2026     2025  
Right-of-use asset   $ 45,565     $ 84,370  
                 
Lease liability, current     45,565       53,286  
Lease liability, non-current    
-
      31,084  
Total lease liability   $ 45,565     $ 84,370  

 

As of March 31, 2026, maturities of lease liability were as follows:

 

    As of  
    March 31,  
Twelve months ended June 30,   2026  
For the remaining fiscal year of 2026   $ 15,876  
Fiscal year 2027     31,753  
Total future minimum lease payments     47,629  
Less: Imputed interest     (2,064 )
 Total lease liability   $ 45,565