XML 86 R56.htm IDEA: XBRL DOCUMENT v3.24.3
Loans (Details) - Schedule of Short-Term Loans - USD ($)
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Short-Term Debt [Line Items]    
Principal Amount $ 833,521 $ 511,409 [1]
Annual Interest Rate 8.00%  
Loan term 1 year  
China Construction Bank [Member]    
Short-Term Debt [Line Items]    
Principal Amount [2] $ 203,457  
Annual Interest Rate [2] 3.95%  
Loan term 12/12/2023 - 12/12/2024  
China Construction Bank One [Member]    
Short-Term Debt [Line Items]    
Principal Amount [2] $ 77,173 $ 200,670
Annual Interest Rate [2] 3.95% 3.95%
Loan term 12/27/2023 - 12/27/2024 01/05/2023 - 01/05/2024
Subsequent Disposition   Extended
China Construction Bank Three [Member]    
Short-Term Debt [Line Items]    
Principal Amount [2] $ 121,420 $ 119,756
Annual Interest Rate [2] 3.95% 3.95%
Loan term 12/26/2023 - 12/26/2024 01/24/2023 - 01/24/2024
Subsequent Disposition   Extended
China Construction Bank Four [Member]    
Short-Term Debt [Line Items]    
Principal Amount [2] $ 110,428  
Annual Interest Rate [2] 3.95%  
Loan term 01/31/2024 - 01/31/2025  
China Construction Bank Five [Member]    
Short-Term Debt [Line Items]    
Principal Amount [2] $ 68,474  
Annual Interest Rate [2] 3.85%  
Loan term 12/12/2023 - 12/12/2024  
Bank of China [Member]    
Short-Term Debt [Line Items]    
Principal Amount [3] $ 14,032 $ 13,839
Annual Interest Rate [3] 4.15% 4.15%
Loan term 06/28/2023 - 12/28/2024 06/28/2023 - 12/28/2023
Bank of China One [Member]    
Short-Term Debt [Line Items]    
Principal Amount [3] $ 238,537 $ 13,839
Annual Interest Rate [3] 4.15% 4.15%
Loan term 06/28/2023 - 06/28/2025 06/28/2023 - 06/28/2024
Subsequent Disposition   Repaid
Bank of Communications [Member]    
Short-Term Debt [Line Items]    
Principal Amount [4]   $ 27,679
Annual Interest Rate [4]   3.80%
Loan term   11/17/2022 - 11/17/2023
Subsequent Disposition   Repaid
Bank of Communications One [Member]    
Short-Term Debt [Line Items]    
Principal Amount [4]   $ 59,509
Annual Interest Rate [4]   3.80%
Loan term   11/23/2022 - 11/23/2023
Subsequent Disposition   Repaid
China Construction Bank Two [Member]    
Short-Term Debt [Line Items]    
Principal Amount [2]   $ 76,116
Annual Interest Rate [2]   3.95%
Loan term   01/25/2023 - 01/25/2024
Subsequent Disposition   Extended
Bank of China Two [Member]    
Short-Term Debt [Line Items]    
Principal Amount   $ 13,839
Subsequent Disposition   Repaid
[1] The disposition of loan balances as of June 30, 2023 included $115,934 which was subsequently repaid, and $395,475 which was extended.
[2] These loans with China Construction Bank carry a fixed interest rate and are unsecured.
[3] In connection with the loan with the Bank of China, Mr. Lei Xu provided a guarantee for the repayment of the loan. In addition, Beijing Capital Financing Guarantee Co., Ltd. provided a joint guarantee with Mr. Xu.
[4] These loans carry a fixed interest rate and are unsecured.