| Schedule of Accrued Expenses And Other Liabilities |
Accrued expenses and other liabilities consists of the following:
| | |
As of | |
| | |
December 31,
2025 | | |
June 30,
2025 | |
| Deposits | |
$ | 75,107 | | |
$ | 95,627 | |
| Social funds payable | |
| - | | |
| 1,536 | |
| Rental payable | |
| 157,012 | | |
| - | |
| Accrued expenses | |
| - | | |
| 8,500 | |
| Share subscription advance payment * | |
| 6,449,214 | | |
| - | |
| Accrued payroll | |
| 1,085,977 | | |
| 855,639 | |
| Tax payable | |
| 22,409 | | |
| 118,343 | |
| Others | |
| 86,546 | | |
| 8,846 | |
| Accrued expenses and other liabilities | |
$ | 7,876,265 | | |
$ | 1,088,491 | |
| * | On December 8, 2025, the Company entered into a securities purchase agreement with certain investors for a private placement offering of 10,000,000 Class A ordinary shares of the Company at the subscription price of US$1.42 per Class A Ordinary Share with gross amount of $14.2 million. As of December 31, 2025, certain investors injected their subscription amount into the Company, while the Company has not issued the shares to investors. Thus, such amount is recorded as “share subscription advance payment”. |
|