Prepaid Expenses and Other Current Assets

9 Months Ended

Mar. 31, 2026

Prepaid Expenses and Other Current Assets [Abstract]

Prepaid expenses and other current assets

Note 8 — Prepaid expenses and other current assets

As of March 31, 2026 and June 30, 2025, prepaid expenses and other current assets consist of the following:

	March 31, 2026			June 30, 2025
	(Unaudited)
Other receivables⁽¹⁾	$	213,565		$	177,814
Prepaid rent		-			355,677
Prepaid research and development fees		259,828			198,328
Prepaid insurance and subscriptions		391,265			153,659
Prepaid professional fee		13,364			96,839
Prepayment to be refunded⁽²⁾		616,116			1,116,116
Advances to a third party		18,500			19,500
Other prepaid expenses		6,956			37,161
Less: allowance for credit losses ^{(1) (2)}		(829,681	)		(317,282	)
Total prepaid expenses and other current assets	$	689,913		$	1,837,812

⁽¹⁾	This represents receivables from payments made on behalf of a vendor and other fees and bank fee receivables. $213,565 and $48,317 allowance for credit losses was recorded for the balances due to aging of the receivables as of March 31, 2026 and June 30, 2025, respectively.

⁽²⁾	This represents prepayment to be refunded resulting from the cancellation of purchase orders. $616,116 and $268,965 allowance for credit losses was recorded for the balances due to aging of the prepayments as of March 31, 2026 and June 30, 2025, respectively.

For the three months ended March 31, 2026 and 2025, the Company recognized $200,751 and $0 on provision of allowance on credit losses for prepaid expenses and other current assets, respectively. For the nine months ended March 31, 2026 and 2025, the Company recognized $401,695 and $0 on provision of allowance on credit losses for prepaid expenses and other current assets, respectively.

Movement of allowance for credit losses consisted of the following for the period ended the date indicated:

	For the Three Months Ended March 31,
	2026		2025
	(Unaudited)		(Unaudited)
Balance as of the beginning of the period	$	518,226	$	-
Addition		311,455		-
Balance as of the end of the period	$	829,681	$	-

	For the Nine Months Ended March 31,
	2026		2025
	(Unaudited)		(Unaudited)
Balance as of the beginning of the period	$	317,282	$	-
Addition		512,399		-
Balance as of the end of the period	$	829,681	$	-