v3.26.1
OTHER RECEIVABLE, DEPOSITS AND PREPAYMENTS
12 Months Ended
Jun. 30, 2025
Receivables [Abstract]  
OTHER RECEIVABLE, DEPOSITS AND PREPAYMENTS

NOTE 6 – OTHER RECEIVABLE, DEPOSITS AND PREPAYMENTS

 

Other receivables, deposits and prepayments as of June 30, 2025 and 2024 consisted of the following:

 

   2025   2024 (revised) 
   As of June 30, 
   2025   2024 (revised) 
         
Deposits   6,781    4,775 
Other receivables   41,976    31,929 
Total    48,757    36,704 
Less: impairment on other receivables   (33,110)   (29,842)
Other receivables and deposits, net   15,647    6,862 
Prepayments   46,605    26,507 
Prepaid share based compensation – nonemployees (current portion)   455,291    135,144 
Total Other receivables, deposits and prepayments   $517,543   $168,513 
           
Prepaid share based compensation – nonemployees (non-current portion)  $126,047   $65,522 

 

The Company accounts for share-based compensation in accordance with ASC 718 based on the grant-date fair value of the awards. When awards are granted to nonemployees in advance of the related services, the Company records the fair value as prepaid share-based compensation and recognizes the expense over the service period. Share-based compensation for employees is recognized over the requisite service period without the recognition of a prepaid asset. The portion of prepaid share-based compensation to nonemployees expected to be recognized within twelve months is classified as a current asset, with the remainder classified as non-current. This classification reflects the expected timing of the underlying service periods as defined in the applicable agreements