v3.26.3
Prepaid Expenses and Other Current Assets, Net
 12 Months Ended
Jun. 30, 2026
Prepaid Expenses and Other Current Assets, Net [Abstract]  
PREPAID EXPENSES AND OTHER CURRENT ASSETS, NET
6. PREPAID EXPENSES AND OTHER CURRENT ASSETS, NET

 

Prepaid expenses and other current assets consisted of the following:

 

    As of
June 30,
2026		     As of
June 30,
2025		  
Other receivables     490,000       —  
Amount due from former subsidiaries     15,032,243       —  
Advances to suppliers     2,000       —  
Prepayment     —       1,837,705  
Total prepaid expenses and other current assets     15,524,243       1,837,705  
Less: Allowance for expected credit losses     (2,160,266 )     -  
Total prepaid expenses and other current assets, net     13,363,977       1,837,705  

 

Amounts due from former subsidiaries. Following the dispositions of its former subsidiaries, amounts previously recorded as intercompany receivables became receivables from the former subsidiaries. As of June 30, 2026, these receivables comprised $8,602,603 due from Advanced Biomed Inc. (Taiwan), $3,134,595 due from Advanced Biomed HK Limited and $3,295,045 due from Shanghai Sglcell Biotech Co., Ltd. After an allowance for expected credit losses of $2,072,417, the net amount due from former subsidiaries was $12,959,826.

 

Movement of allowance for expected credit losses was shown below:

 

    As of
June 30,
2026		     As of
June 30,
2025		  
Beginning balance, July 1     —       —  
Provision for allowance for expected credit losses for the year     2,918,909       —  
Written off during the year     (758,643 )     —  
Ending balance, June 30     2,160,266       —