v3.26.1
Contract Liabilities
6 Months Ended
Dec. 31, 2025
Contract Liabilities [Abstract]  
CONTRACT LIABILITIES

11. CONTRACT LIABILITIES

 

For service contracts where the performance obligation is not completed, contract liabilities were recorded for any payments received in advance of the performance obligation. The payments received in advance will not be refunded and will be amortized in future when met performance obligations. The VIP subscription of Online Promotion revenue stream usually last for a year.

 

Contract liabilities is comprised of the following:

 

   As of 
   December 31,
2025
   June 30,
2025
 
Unearned online promotion revenue - current   1,581,832    2,033,096 
Premium business solutions revenue related   13,462    
-
 
Value-Added Services revenue related   7,235    92,299 
Shared office rental and management revenue related   122,608    123,588 
Digital marketing revenue related   74,625    
-
 
Subtotal   1,799,762    2,248,983 
Unearned online promotion revenue – non-current   71,320    135,209 
Total   1,871,082    2,384,192 

 

For the six-months ended December 31, 2025 and 2024, revenue amounting to $2,257,422 and $1,539,345 were included in the contract liabilities balance at the beginning of the respective period.