v3.24.1.1.u2

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2024	Jun. 30, 2023
Assets
Cash and cash equivalents	$ 46,705	$ 43,394
Other assets	19,694	19,988
Other receivables	42,086	13,685
Total current assets	108,485	77,067
Property, plant and equipment, net of accumulated depreciation
Right-of-use assets, net of accumulated amortization	130,407	182,744
Total non-current asset	130,407	182,744
Total assets	238,892	259,811
Liabilities
Accrued and other liabilities	77,551	80,486
Borrowings	28,762	9,303
Lease liabilities	59,733	63,601
Total current liabilities	166,046	153,390
Lease liabilities	94,237	151,513
Total non-current liability	94,237	151,513
Total liabilities	260,283	304,903
Deficit
Common stock, $0.000001 par value, 500,000,000 shares authorized, 373,950,544 shares issued and outstanding as of March 31, 2024, and June 30, 2023, respectively	356	356
Additional paid in capital	157,150	157,150
Other comprehensive loss	(9,443)	(9,312)
Accumulated losses	(169,454)	(193,286)
Total Stockholders’ (Deficit)	(21,391)	(45,092)
Total liabilities and Stockholders’ (Deficit)	$ 238,892	$ 259,811

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Arem Pacific Corp 10-Q