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