Leases |
12 Months Ended | |||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | ||||||||||||||||||||||||||||||||||||
| Leases [Abstract] | ||||||||||||||||||||||||||||||||||||
| Leases | Note 19 – Leases
As of June 30, 2026 and 2025, the Company has engaged in multiple offices leases which were classified as operating leases. The Company occupies various offices under operating lease agreements with a term shorter than twelve months which it elected not to recognize lease assets and lease liabilities under ASC 842. Instead, the Company recognized the lease payments in profit or loss on a straight-line basis over the lease term and variable lease payments in the period in which the obligation for those payments is incurred.
The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants.
The Company recognized lease expense on a straight-line basis over the lease term for operating lease.
Operating lease expense for the years ended June 30, 2026 and 2025 were $4,375, and $4,375, respectively.
As of June 30, 2026 and 2025, the weighted-average lease term is 3.0 and 2.3 years for the remaining leases, respectively. Weighted-average discount rated related to leases were 3.24% and 6.0% as of June 30, 2026 and 2025, respectively.
The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. The Company’s lease liabilities under the remaining operating leases as of June 30, 2026 is as follows:
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