v3.26.1
Long-Term Loan
 9 Months Ended
Mar. 31, 2026
Long-Term Loan [Abstract]  
Long-term loan

Note 14 — Long-term loan

 

In February 2023, the Company purchased and financed a vehicle, for which the lender put a lien on the title and will be taken as collateral in the situation if the Company is unable to make repayment and default on the loan, with a six-year loan for a total of approximately $137,000. As of March 31, 2026, the carrying value of the asset that has been pledged as a collateral is $46,677. The monthly payments are $2,694 from March 2023 to February 2029, with an interest rate of 11.85% per annum.

 

The obligation is payable as follows:

 

    Amount  
For the three months ending June 30, 2026   $ 5,756  
For the twelve months ending June 30, 2027     24,826  
For the twelve months ending June 30, 2028     27,984  
Thereafter     20,608  
Total long-term debt payment     79,174  
Current portion of long-term debt     (24,094 )
Long-term debt – non-current portion   $ 55,080  

 

Interest expense for the three months ended March 31, 2026 and 2025 for the above loan amounted to $2,495 and $3,125, respectively. Interest expense for the nine months ended March 31, 2026 and 2025 for the above loan amounted to $7,973 and $9,809, respectively.