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OTHER CURRENT ASSETS, NET (Tables)
9 Months Ended
Mar. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
SCHEDULE OF OTHER CURRENT ASSETS

Other current assets, net consisted of the following:

 

   March 31, 2024   June 30, 2023 
         
Loans to third parties (1)  $2,576,064   $1,481,101 
Other receivables (2)   2,440,400    2,629,733 
Prepayment for business acquisition (3)   -    2,000,000 
Short-term deposit   44,841    37,015 
Prepaid expenses   2,101    1,629 
Subtotal   5,063,406    6,149,478 
Less: allowance for credit losses   (2,503,102)   (3,287,793)
Total other current assets, net   2,560,304    2,861,685 
Less: other current assets, net, held for discontinued operations   -    (34,643)
Other current assets, net, held for continuing operations  $2,560,304   $2,827,042 
SCHEDULE OF ALLOWANCE FOR DOUBTFUL ACCOUNTS

Movement of allowance for credit losses is as follows:

 

   March 31, 2024   June 30, 2023 
         
Beginning balance  $3,287,793   $2,545,565 
Acquisition of subsidiaries   35,990    14,504 
Charge to allowance   83,103    1,867,474 
Less: disposal of VIEs   (605,786)   - 
Less: write-off   -    (964,509)
Foreign currency translation adjustments   (297,998)   (175,241)
Ending balance  $2,503,102   $3,287,793