v3.26.3
Commitments and Contingencies
 12 Months Ended
Jun. 30, 2026
Commitments and Contingencies [Abstract]  
COMMITMENTS AND CONTINGENCIES

NOTE 21 — COMMITMENTS AND CONTINGENCIES

 

Contractual Commitments

 

As of June 30, 2026, the Company’s contractual obligations consist of the following:

 

Contractual Obligations   Total     Less than
1 year		     1 – 3
years		     3 – 5
years		     More than
5 years		  
Operating lease obligations   $ 168,671     $ 48,192       96,384       24,095       —  
Vehicle loans     64,453       16,758       30,937       16,758       —  
Other loans     172,031       172,031       —       —       —  
Convertible debts     85,085       85,085       —       —       —  
Total   $ 490,240     $ 322,066       127,321       40,853       —  

 

Contingencies

 

The Company may be involved in certain legal proceedings, claims and disputes arising from the commercial operations, which, in general, are subject to uncertainties and in which the outcomes are not predictable. The Company determines whether an estimated loss from a contingency should be accrued by assessing whether a loss is deemed probable and can be reasonably estimated. Although the Company can give no assurances about the resolution of pending claims, litigation or other disputes and the effect such outcomes may have on the Company, the Company believes that any ultimate liability resulting from the outcome of such proceedings, to the extent not otherwise provided or covered by insurance, will not have a material adverse effect on the Company’s unaudited consolidated financial position or results of operations or liquidity as of June 30, 2026.