| Number | Supplier Name | % of total cost for the year ended June 30, 2023 | |||||
| 1 | Gaoda Food Equipment Co., Ltd. | 6.0 | % | ||||
| 2 | Yiyali Catering Equipment (Shanghai) Co., Ltd. | 4.4 | % | ||||
| 3 | Wuxi Penghe Stainless Steel Co., Ltd. | 3.6 | % | ||||
| 2024 | 2023 | |||||||
| US$ | US$ | |||||||
| Amounts due to related parties: | ||||||||
| Fan Hu (1) | $ | 107,476 | $ | 111,705 | ||||
| Huang Feng (1) | 24,098 | 43,807 | ||||||
| $ | 131,574 | $ | 155,512 | |||||
| Ordinary shares | Subscription | Additional paid-in | Statutory | Retained | Accumulated other comprehensive | Total shareholders’ | Non-controlling | Total | ||||||||||||||||||||||||||||||||
| Shares | Amount | receivable | capital | reserves | earnings | income (loss) | equity | interests | equity | |||||||||||||||||||||||||||||||
| US$ | US$ | US$ | US$ | US$ | US$ | US$ | US$ | US$ | ||||||||||||||||||||||||||||||||
| Balance as of June 30, 2021 | 17,000,000 | $ | 1,700 | $ | (1,699) | $ | 2,236,677 | $ | 374,975 | $ | 2,811,381 | $ | 283,393 | $ | 5,706,427 | $ | (59,290) | $ | 5,647,137 | |||||||||||||||||||||
| Net income | - | - | - | - | - | 848,117 | - | 848,117 | (3,014) | 845,103 | ||||||||||||||||||||||||||||||
| Appropriation to statutory reserves | - | - | - | - | 207,400 | (207,400) | - | - | - | - | ||||||||||||||||||||||||||||||
| Dividends declared | - | - | - | - | - | (941,073) | - | (941,073) | - | (941,073) | ||||||||||||||||||||||||||||||
| Foreign currency translation adjustment | - | - | - | - | - | - | (200,864) | (200,864) | 2,334 | (198,530) | ||||||||||||||||||||||||||||||
| Balance as of June 30, 2022 | 17,000,000 | 1,700 | (1,699) | 2,236,677 | 582,375 | 2,511,025 | 82,529 | 5,412,607 | (59,970) | 5,352,637 | ||||||||||||||||||||||||||||||
| Net income | - | - | - | - | - | 616,818 | - | 616,818 | (2,698) | 614,120 | ||||||||||||||||||||||||||||||
| Appropriation to statutory reserves | - | - | - | - | 172,725 | (172,725) | - | - | - | - | ||||||||||||||||||||||||||||||
| Foreign currency translation adjustment | - | - | - | - | - | - | (422,092) | (422,092) | 4,375 | (417,717) | ||||||||||||||||||||||||||||||
| Balance as of June 30, 2023 | 17,000,000 | 1,700 | (1,699) | 2,236,677 | 755,100 | 2,955,118 | (339,563) | 5,607,333 | (58,293) | 5,549,040 | ||||||||||||||||||||||||||||||
| Net income | - | - | - | - | - | (1,371,141) | - | (1,371,141) | (2,746) | (1,373,887) | ||||||||||||||||||||||||||||||
| Foreign currency translation adjustment | - | - | - | - | - | - | 80,656 | 80,656 | (812) | 79,844 | ||||||||||||||||||||||||||||||
| Balance as of June 30, 2024 | 17,000,000 | $ | 1,700 | $ | (1,699) | $ | 2,236,677 | $ | 755,100 | $ | 1,583,977 | $ | (258,907) | $ | 4,316,848 | $ | (61,851) | $ | 4,254,997 | |||||||||||||||||||||
| Due date of accounts receivable - non current | Amount | |||
| 1-2 years | $ | 448,845 | ||
| 2-3 years | 211,226 | |||
| 3-4 years | 10,075 | |||
| Total | $ | 670,146 | ||
| For the Years Ended June 30, | ||||||||||||
| 2024 | 2023 | 2022 | ||||||||||
| US$ | US$ | US$ | ||||||||||
| Balance at beginning of the year | $ | (1,596,858) | $ | (463,981) | $ | (193,705) | ||||||
| Current year addition | (942,762) | (1,165,908) | (277,529) | |||||||||
| Foreign exchange difference | (22,183) | 33,030 | 7,253 | |||||||||
| Balance at end of the year | $ | (2,561,803) | $ | (1,596,858) | $ | (463,981) | ||||||
