v3.26.3
OTHER RECEIVABLE, DEPOSITS AND PREPAYMENTS
 12 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
OTHER RECEIVABLE, DEPOSITS AND PREPAYMENTS

NOTE 7 – OTHER RECEIVABLE, DEPOSITS AND PREPAYMENTS

 

Other receivables, deposits and prepayments as of June 30, 2026 and 2025 consisted of the following:

 

       
   As of June 30, 
   2026   2025 
Current portion          
Deposits  $6,892   $6,781 
Other receivables   37,647    41,976 
Total   44,539    48,757 
Less: impairment on other receivables   (34,390)   (33,110)
Other receivables and deposits, net   10,149    15,647 
Prepayments   175,306    46,605 
Prepaid share based compensation – nonemployees   114,358    455,291 
Total Other receivables, deposits and prepayments   $299,813   $517,543 
           
Non-current portion          
Prepaid share based compensation – nonemployees   160,326    126,047 
Prepayments   87,500    - 
Other receivables, deposits and prepayments  $

247,826

   $

126,047

 

 

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 non-employees 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 non-employees 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.

 

 

VERDE RESOURCES, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)