Loans receivable, net |
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| Loans receivable, net | Note 5 – Loans receivable, net Outstanding balances on loans receivable consist of the following as of December 31, 2025 and June 30, 2025:
Movements of allowance for credit losses are as follows:
Interest income of the above loans receivable for both the six months ended December 31, 2025 and 2024 amounted to $105,000. These loans were advanced to third party in connection with the Company’s contemplated business cooperation with the counterparty. During the six months ended December 31, 2025, the maturity dates of the loans were further extended based on mutual agreement, primarily to align with the revised implementation timeline of the contemplated cooperation and related operational arrangements. As of December 31, 2025, the loans remained unsecured and non-collateralized. Management continues to monitor the status of the counterparties and the contemplated cooperation, and has considered the relevant facts and circumstances in assessing the recoverability of the outstanding balances and the related allowance for credit losses. |
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