NOTE 4 – ADVANCES TO SUPPLIERS, NET Advances to suppliers, net consisted of the following: | | | As of
June 30, | | | | | 2026 | | | 2025 | | | Advances for products and services purchased from third parties | | $ | 7,172,691 | | | $ | 5,699,738 | | | Less: allowance for doubtful accounts* | | | (1,427,202 | ) | | | — | | | Advances to suppliers, net | | $ | 5,745,489 | | | $ | 5,699,738 | | | * | As the Company discontinued the expansion of its overseas user acquisition and traffic investment business, the advances previously paid to overseas traffic suppliers are no longer expected to be recoverable. Accordingly, the Company has recognized an allowance for doubtful accounts related to such advances. |
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