| Schedule of Loan Receivable from Third Parties |
Loan receivable from third parties, net consists of the following: | | | June 30,
2026 | | | June 30,
2025 | | | Unrelated individual A (1) | | $ | 8,854,057 | | | $ | 11,380 | | | Unrelated individual B (2) | | | 574,789 | | | | — | | | Unrelated individual C | | | 9,138 | | | | — | | | Gross loan receivable | | | 9,437,984 | | | | 11,380 | | | Less: allowance for credit loss | | | (2,256,647 | ) | | | — | | | Loan receivable, net | | | 7,181,337 | | | | 11,380 | | | (1) | On October 8, 2024, the Company entered into a loan agreement with a third party providing for a principal amount of up to $2 million at a fixed interest rate of 4.35% per annum. This agreement was subsequently amended on July 3, 2025, to increase the available principal to $6 million and extend the maturity date at July 9, 2026, while remaining the same fixed interest rate. On December 25, 2025, the facility was further expanded to a maximum principal amount of $10 million. On July 3, 2026, the maturity date was extended to July 8, 2027. The loan is unsecured and without a pledge or guarantee from the third party. As of June 30, 2026 and 2025, the gross loan balance was $8,854,057 and $11,380, respectively. Management expect to collect the loan receivable before June 30, 2027. | | (2) | During the year ended June 30, 2026, the Company entered into a loan agreement with a third party with a principal of $574,789 (RMB3,900,000), interest-free, with maturity date of December 31, 2026. |
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