INCOME TAX (Tables)
|
12 Months Ended |
Jun. 30, 2026 |
| Income Tax Disclosure [Abstract] |
|
| SCHEDULE OF LOCAL AND FOREIGN COMPONENTS OF LOSS BEFORE INCOME TAXES |
For
the years ended June 30, 2026, and 2025, the local (“U.S. of America”) and foreign components of loss before income taxes
were comprised of the following:
SCHEDULE
OF LOCAL AND FOREIGN COMPONENTS OF LOSS BEFORE INCOME TAXES
| | |
2026 | | |
2025 | |
| | |
Years
ended June 30, | |
| | |
2026 | | |
2025 | |
| Tax jurisdiction from: | |
| | | |
| | |
| Local (U.S. regime) | |
$ | (3,195,379 | ) | |
$ | (4,845,138 | ) |
| Foreign, including | |
| | | |
| | |
| British Virgin Island | |
| 121,074 | | |
| 472,865 | |
| Malaysia | |
| (319,809 | ) | |
| (398,431 | ) |
| Singapore | |
| (8,516 | ) | |
| - | |
| Labuan,
Malaysia | |
| 20,603 | | |
| (12,309 | ) |
| Tax jurisdiction foreign | |
| 20,603 | | |
| (12,309 | ) |
| | |
| | | |
| | |
|
| SCHEDULE OF PROVISION FOR INCOME TAXES |
The
provision for income taxes consisted of the following:
SCHEDULE
OF PROVISION FOR INCOME TAXES
| | |
2026 | | |
2025 | |
| | |
Years
ended June 30, | |
| | |
2026 | | |
2025 | |
| | |
| | | |
| | |
| Current tax: | |
$ | - | | |
$ | - | |
| Local | |
| - | | |
| - | |
| Foreign | |
| - | | |
| - | |
| | |
| | | |
| | |
| Deferred tax | |
| | | |
| | |
| Local | |
| - | | |
| - | |
| Foreign | |
| - | | |
| - | |
| | |
| | | |
| | |
| Income
tax expense (benefit) | |
$ | - | | |
$ | - | |
|
| SCHEDULE OF INCOME TAX RATE AND TAX PROVISION |
A
reconciliation of the income tax expense, net, computed using the applicable statutory income tax rates in the jurisdictions in which
the Company operates to the Company’s actual income tax expense is as follows:
SCHEDULE OF INCOME TAX RATE AND TAX PROVISION
| | |
USD | | |
% | | |
USD | | |
% | |
| | |
Years
Ended | |
| | |
June
30, 2026 | | |
June
30, 2025 | |
| | |
USD | | |
% | | |
USD | | |
% | |
| Statutory income tax
rate | |
| 21 | % | |
| | | |
| 21 | % | |
| | |
| Foreign tax rate differential
(1) | |
| | | |
| | | |
| | | |
| | |
| Malaysia(1) | |
| (9,594 | ) | |
| 0.3 | % | |
| (11,953 | ) | |
| 0.2 | % |
| Singapore(1) | |
| 341 | | |
| 0 | % | |
| - | | |
| 0 | % |
| Foreign
tax rate differential | |
| 341 | | |
| 0 | % | |
| - | | |
| 0 | % |
| Foreign tax rate differential, percent | |
| | | |
| | | |
| | | |
| | |
| Increases (decreases)
due to: | |
| | | |
| | | |
| | | |
| | |
| Non-deductible expenses | |
| 182,474 | | |
| (5.4 | )% | |
| 82,412 | | |
| (1.7 | )% |
| Non-taxable income | |
| (29,752 | ) | |
| 0.9 | % | |
| (2,585 | ) | |
| 0.1 | % |
| Temporary differences | |
| (103,774 | ) | |
| 3.1 | % | |
| 131,585 | | |
| (2.8 | )% |
| Change
in valuation allowance | |
| 670,531 | | |
| (19.9 | )% | |
| 804,974 | | |
| (16.8 | )% |
| Income
tax expense | |
$ | - | | |
| - | % | |
$ | - | | |
| - | % |
| |
(1) |
Represents the impact of
varying tax jurisdictions, primarily the rate differentials between the Malaysia statutory rate (subject to 24%) and Singapore statutory
rate (subject to 17%). |
|
| SCHEDULE OF DEFERRED TAX ASSETS |
The
following table sets forth the significant components of the deferred tax assets of the Company:
SCHEDULE OF DEFERRED TAX ASSETS
| | |
2026 | | |
2025 | |
| | |
As
of June 30, | |
| | |
2026 | | |
2025 | |
| Deferred tax liability: | |
| | | |
| | |
| Share based compensation | |
$ | (49,185 | ) | |
$ | (152,959 | ) |
| | |
| | | |
| | |
| Deferred tax assets: | |
| | | |
| | |
| Net operating loss carry forwards, from | |
| | | |
| | |
| US tax regime | |
$ | 2,553,462 | | |
$ | 1,996,240 | |
| Malaysia tax regime | |
| 258,276 | | |
| 249,972 | |
| Singapore tax regime | |
| 1,231 | | |
| - | |
| Net operating loss carryforwards | |
| 1,231 | | |
| - | |
| Less: valuation allowance | |
| (2,763,784 | ) | |
| (2,093,253 | ) |
| Deferred
tax assets, net | |
$ | - | | |
$ | - | |
|