Accounts Receivable, Net |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Receivable, Net [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ACCOUNTS RECEIVABLE, NET | 4. ACCOUNTS RECEIVABLE, NET
As of December 31, 2024 and June 30, 2024, accounts receivable consisted of the following:
The Company recorded $4,183,998 and $1,900,797 bad debt expense for the three months ended December 31, 2024 and 2023, respectively. The Company recorded $7,286,079 and $2,126,284 bad debt expense for the six months ended December 31, 2024 and 2023, respectively. For the three months ended December 31, 2024 and 2023, the Company wrote off accounts receivable against allowance for credit losses of $257,488 and $311,379, respectively. For the six months ended December 31, 2024 and 2023, the Company wrote off accounts receivable against allowance for credit losses of $1,866,205 and $706,160, respectively.
Activity in the allowance for credit losses is below:
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