v3.26.3
Leases
12 Months Ended
Jun. 30, 2026
Leases [Abstract]  
LEASES

NOTE 9 — LEASES

 

The Company has two lease agreements for offices. During the year ended June 30, 2026, the Company terminated an office lease before its original expiration date and derecognized the related operating lease right-of-use asset and lease liability. No gain or loss was recognized upon termination. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants.

 

Total operating lease expenses on offices for the years ended June 30, 2026 and 2025 were $94,413 and $80,419, respectively.

 

The following table includes supplemental cash flow and non-cash information related to leases:

 

    For the Years Ended
June 30,
 
    2026     2025  
Cash paid of amounts included in the measurement of lease liabilities:            
Operating cash flows from operating leases   $ 82,497     $ 91,969  
Right-of-use assets obtained in exchange for lease obligations:                
Operating lease liabilities   $ -     $ 341,961  

 

The weighted average remaining lease terms and discount rates for all of operating lease is as follows:

 

    June 30,
2026
    June 30,
2025
 
Weighted-average remaining lease term (years):            
Operating lease     3.50 years       3.63 years  
                 
Weighted average discount rate:                
Operating lease     4.42 %     4.42 %

 

The following is a schedule of maturities of operating lease liabilities as of June 30, 2026:

 

Operating leases

 

Twelve months ending June 30,   Repayment  
2027   $ 48,192  
2028     48,192  
2029     48,192  
2030     24,095  
Total future minimum lease payments     168,671  
Less: imputed interest     (9,435 )
Total operating lease liabilities   $ 159,236