v3.26.1
Other receivables, net
6 Months Ended
Dec. 31, 2025
Other receivables, net  
Other receivables, net

Note 4 – Other receivables, net

Other receivables, net consist of the following:

December 31,

June 30,

  ​ ​ ​

2025

  ​ ​ ​

2025

(unaudited)

Advances to third parties[1] or employees

$

1,107,124

$

1,202,601

Interest receivables

 

446,667

 

236,667

Total other receivables

1,553,791

1,439,268

Less: allowance for credit losses

(413,903)

(403,403)

Total other receivables, net

$

1,139,888

$

1,035,865

[1] Non-trade advances to third parties are short term in nature and are due on demand with no interest bearing. These advances were refundable and made in relation to establishing relationship for potential service providers of cryptocurrency operations.

Movements of allowance for credit losses are as follows:

  ​ ​ ​

December 31,

  ​ ​ ​

June 30,

2025

2025

(unaudited)

Beginning balance

$

403,403

$

2,972,289

Addition

 

10,500

 

13,875

Write-off

 

 

(2,582,761)

Ending balance

$

413,903

$

403,403