Note 8 - Investment Properties |
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| Investment Property In China [Text Block] |
8. INVESTMENT PROPERTIES
The following table presents the Company’s investment in properties in China as of June 30, 2026 and June 30, 2025. The exchange rate is based on the market rate as of June 30, 2026 and June 30, 2025.
Rental Property I - MaoYe
MaoYe property generated a rental income of $13 and $25 for both Fiscal 2026 and 2025, respectively.
A lease agreement was entered into on April 15, 2026 for a period of 2 years at a monthly rate of or approximately $2.
Depreciation expense for MaoYe was $14 for both Fiscal 2026 and 2025.
Rental Property II - JiangHuai
JiangHuai properties generated a rental income of $6 and $2 for Fiscal 2026 and 2025, respectively. On January 1, 2025, the Company entered into a three-year lease agreement with a monthly rental payment of or approximately On September 17, 2025, the Company entered into another one-year lease with a monthly rental of or approximately Additionally, on October 30, 2025, the Company executed three separate lease agreements with terms of three years each and a monthly rental of or approximately The Company had commenced collecting rental income from the two of the three leased units. Rental income for the remaining unit has not yet commenced, as the unit is pending completion of utility connections.
Depreciation expense for JiangHuai was $25 for both Fiscal 2026 and 2025.
Rental Property III – FuLi
FuLi properties generated a rental income of $14 and $9 for Fiscal 2026 and 2025, respectively.
A lease agreement was entered into October 10, 2024 for a period of four years at a monthly rate of or approximately $1. Pursuant to the agreement, monthly rental will increase by 5% after the second year.
Depreciation expense for FuLi was $29 and $28 for Fiscal 2026 and 2025, respectively.
Summary
Total rental income for all in China was $33 and $36 for Fiscal 2026 and 2025, respectively.
Depreciation expense for all in China was $68 and $67 for both Fiscal 2026 and 2025, respectively.
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