| 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. |
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| 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 | | | $ | - | |
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