Note
5 — ADVANCES TO SUPPLIERS
SCHEDULE OF ADVANCED TO SUPPLIERS
| | |
2026 | | |
2025 | |
| | |
As of June 30, | |
| | |
2026 | | |
2025 | |
| Advances to suppliers-third parties | |
$ | 10,708,483 | | |
$ | 8,621,580 | |
| Advances to suppliers-related parties | |
| 876,092 | | |
| 841,070 | |
| Less: allowance for credit losses | |
| (42,113 | ) | |
| (20,268 | ) |
| Total advances to
suppliers | |
$ | 11,542,462 | | |
$ | 9,442,382 | |
| Other non-current asset | |
| 4,116,201 | | |
| - | |
| Advances to suppliers, current | |
$ | 7,426,261 | | |
$ | 9,442,382 | |
The
movement of allowance for credit losses for the years ended June 30, 2026, 2025 and 2024 were as following:
SCHEDULE
OF ALLOWANCE FOR CREDIT LOSSES
| | |
2026 | | |
2025 | | |
2024 | |
| | |
For the years ended June 30, | |
| | |
2026 | | |
2025 | | |
2024 | |
| Balance at the beginning of the year | |
$ | 20,268 | | |
$ | - | | |
$ | - | |
| Additions | |
| 23,239 | | |
| 20,123 | | |
| - | |
| Recovery | |
| (3,144 | ) | |
| - | | |
| - | |
| Foreign currency translation | |
| 1,750 | | |
| 145 | | |
| - | |
| Balance at the end of the year | |
$ | 42,113 | | |
$ | 20,268 | | |
$ | - | |
|