v3.26.1
Prepaid Expenses and Other Current Assets (Tables)
9 Months Ended
Mar. 31, 2026
Prepaid Expenses and Other Current Assets [Abstract]  
Schedule of 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.
Schedule of Allowance for Credit Losses

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     $           -