v3.26.1
Concentration, Risk and Uncertainties
6 Months Ended
Dec. 31, 2025
Concentration, Risk and Uncertainties [Abstract]  
CONCENTRATION, RISK AND UNCERTAINTIES

19. CONCENTRATION, RISK AND UNCERTAINTIES

 

Concentration of credit risk

 

Financial instruments that potentially expose the Company to concentrations of credit risk consist primarily of cash in bank and accounts receivable. The Company places its cash with financial institutions with high credit ratings and quality.

 

The Company conducts credit evaluations of customers, and generally does not require collateral or other security from its customers. The Company establishes an allowance for expected credit losses primarily based upon the factors surrounding the credit risk of specific customers.

 

Concentration of customers and suppliers

 

The following table sets forth a summary of single customers who represent 10% or more of the Company’s total accounts receivable as of December 31, 2025 and June 30, 2025.

 

   As of 
   December 31,
2025
   June 30,
2025
 
Percentage of the Company’s accounts receivable        
Customer A   76%   
-
 
Customer B   16%     
Customer C   
-
    50%
Customer D   
-
    20%
Customer E   
-
    18%

 

The following table sets forth a summary of single customers who represent 10% or more of the Company’s total sales:

 

  

For the six-months ended

December 31,

 
   2025   2024 
Percentage of the Company’s sales        
Customer F   11%   
-
 
           

The following table sets forth a summary of single suppliers who represent 10% or more of the Company’s accounts payable as of December 31, 2025 and June 30, 2025.

 

   As of 
   December 31,
2025
   June 30,
2025
 
Percentage of the Company’s accounts payable        
Supplier A   98%   86%
Supplier B   
-
    12%

 

The following table sets forth a summary of single suppliers who represent 10% or more of the Company’s total purchases:

 

  

For the six-months ended

December 31,

 
   2025   2024 
Percentage of the Company’s purchase        
Supplier C   *    11%
Supplier D   *    17%
Supplier E   12%   * 
Supplier F   12%   * 
Supplier G   12%   * 

 

*Less than 10% of total purchase