| Other receivables, net |
Note 4 – Other receivables, net Other receivables, net consist of the following: | | | | | | | | | June 30, | | June 30, | | | 2026 | | 2025 | Advances to a third party | | $ | 376,007 | | $ | 1,202,601 | Interest receivables | | | 446,667 | | | 236,667 | Total other receivables | | | 822,674 | | | 1,439,268 | Less: allowance for credit losses | | | (278,693) | | | (403,403) | Total other receivables, net | | $ | 543,981 | | $ | 1,035,865 |
Movements of allowance for credit losses are as follows: | | | | | | | | | | | | For the year ended | | For the year ended | | For the year ended | | | June 30, | | June 30, | | June 30, | | | 2026 | | 2025 | | 2024 | Beginning balance | | $ | 403,403 | | $ | 2,972,289 | | $ | 2,582,761 | Addition | | | 603,839 | | | 13,875 | | | 389,528 | Write-off | | | (728,549) | | | (2,582,761) | | | — | Ending balance | | $ | 278,693 | | $ | 403,403 | | $ | 2,972,289 |
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