NOTE 5 — LOAN RECEIVABLE FROM A THIRD PARTY, NET

On October 8, 2024, the Company entered into a loan agreement with a third party providing for a principal amount of up to $2 million at a fixed interest rate of 4.35% per annum. This agreement was subsequently amended on July 3, 2025, to increase the available principal to $6 million, carrying a twelve-month maturity and the same fixed interest rate. On December 25, 2025, the facility was further expanded to a maximum principal amount of $10 million. As of March 31, 2026, all other terms and conditions of the original agreement remain unchanged, with the facility continuing to bear interest at a fixed rate of 4.35% per annum. The loan is unsecured and without a pledge or guarantee from the third party. As of March 31, 2026, and June 30, 2025, the gross loan balance was $8,679,194 and $11,380, respectively. 

For the nine months ended March 31, 2026, the Company recognized an expected credit loss allowance of $350,000 against the loan balance. The net carrying value of the loan as of March 31, 2026 was $8,329,194 and the Company expected to collect this amount in twelve months.

The Company recognized interest income of $77,713 and $177,765 in connection with this loan receivable from a third party for the three and nine months ended March 31, 2026.