v3.26.1
Commitments and Contingencies
 9 Months Ended
Mar. 31, 2026
Commitments and Contingencies [Abstract]  
COMMITMENTS AND CONTINGENCIES

NOTE 19 — COMMITMENTS AND CONTINGENCIES

 

Contractual Commitments

 

As of March 31, 2026, the Company’s contractual obligations consist of the following:

 

Contractual Obligations  Total   Less than
1 year		   1 – 3
years		   3 – 5
years		   More than
5 years		 
Operating lease obligations  $214,004   $83,646    94,806    35,552    
—
 
Vehicle loans   67,201    16,483    30,431    20,287    
—
 
Other loans   169,216    169,216    —-    
—
    
—
 
Convertible debts   70,000    70,000    
—
    
—
    
—
 
Total  $520,421   $339,345    125,237    55,839    
—
 

 

Contingencies

 

The Company may be involved in certain legal proceedings, claims and disputes arising from the commercial operations, which, in general, are subject to uncertainties and in which the outcomes are not predictable. The Company determines whether an estimated loss from a contingency should be accrued by assessing whether a loss is deemed probable and can be reasonably estimated. Although the Company can give no assurances about the resolution of pending claims, litigation or other disputes and the effect such outcomes may have on the Company, the Company believes that any ultimate liability resulting from the outcome of such proceedings, to the extent not otherwise provided or covered by insurance, will not have a material adverse effect on the Company’s unaudited consolidated financial position or results of operations or liquidity as of March 31, 2026.