| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 6 Months Ended |
| Dec. 31, 2023 |
| Accounting Policies [Abstract] | |
| Basis of Accounting | 1.2
Basis of Accounting The accompanying consolidated financial statements
include the accounts of our wholly-owned subsidiary Sanyi Group Pty Ltd which is a company domiciled in Australia. These consolidated
financial statements have been prepared in accordance with the accounting principles generally accepted in the United States (“GAAP”)
and Regulation S-X published by the U.S. Securities and Exchange Commission (the “SEC”). All intercompany accounts and transactions
have been eliminated. The Group has evaluated events or transactions through the date of issuance of this report in conjunction with the
preparation of these consolidated financial statements. All amounts presented are in US dollars, unless otherwise noted. The consolidated financial statements, except for
cash flow information, have been prepared on an accrual basis and are based on historical costs, modified, where applicable, by the measurement
at fair value of selected non-current assets, financial assets and financial liabilities. The amounts presented in the consolidated financial
statements have been rounded to the nearest dollar. |
| Going Concern Basis | 1.3
Going Concern Basis These consolidated financial statements have been
prepared on a going concern basis, which assumes the Group will continue its operations in the foreseeable future and that the Group will
be able to realize its assets and discharge its liabilities in the normal course of operations. The Group had net current liabilities
as of December 31, 2023 of US$ 43,626 9,296 159,641 The Group believes that there are reasonable grounds
to support the fact that it will be able to pay its debts as and when they become due and payable. In forming this opinion, the Group
has considered the following factors:
(i) As of December 31, 2023, US$ 16,439
(ii) The Group has received a Letter of Support from Xin Jin, in which he offers to provide continuing financial support to Sanyi Group to enable it to cover its liabilities as and when they become due and payable for a period of not less than twelve (12) months from the date of the financial statements. The loan of $ 16,439 If the Group is unable to continue as a going concern,
it may be required to realize its assets and extinguish its liabilities outside of the ordinary course of business, and at amounts different
from those stated in the consolidated financial statements. The consolidated financial statements do not include adjustments relating
to the recoverability and classification of recorded asset amounts or to the amounts and classification of liabilities that might be necessary
should the Group not continue as a going concern. Arem Pacific Corporation Notes to Unaudited Condensed Consolidated Financial
Statements For The Quarterly Period Ended December 31,
2023 |
| Use of Estimates | 1.4
Use of Estimates The preparation of consolidated financial statements
in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities
and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts
of revenues and expenses during the reporting period. Actual results could differ from those estimates. |
| Foreign Currency Translation | 1.5
Foreign Currency Translation The functional currency of our foreign subsidiary
is its local currency. Assets and liabilities of the foreign subsidiary are translated into U.S. dollars at period-end exchange rates,
stockholders’ equity is translated at the historical rates and the consolidated statement of operations and cash flows are translated
at average exchange rates during the reporting periods. Resulting translation adjustments are recorded in accumulated other comprehensive
income, a separate component of stockholders’ equity. A component of accumulated other comprehensive income will be released into
income when the Group executes a partial or complete sale of an investment in a foreign subsidiary or a group of assets of a foreign subsidiary
considered a business and/or when the Group no longer holds a controlling financial interest in a foreign subsidiary or group of assets
of a foreign subsidiary considered a business. Transactions denominated in currencies other than
the local currency are recorded based on exchange rates at the time such transactions arise. Subsequent changes in exchange rates result
in foreign currency transaction gains and losses that are reflected in results of operations as unrealized (based on period end translation)
and realized (upon settlement of the transactions) and reported under other general expenses in the consolidated statement of operations. |
| Cash and Cash Equivalents and Concentration of Credit Risk | 1.6 Cash
and Cash Equivalents and Concentration of Credit Risk The Group considers all highly liquid short-term investments
with original maturities of three months or less at the date of acquisition to be cash equivalents. The carrying value of cash and cash
equivalents approximates fair value due to the short-term nature of these instruments. The Group's financial instruments exposed to concentrations
of credit risk consist primarily of cash and cash equivalents. Cash and cash equivalents are held in several Australian bank accounts
and time deposit accounts. The Group regularly assesses the level of credit risk we are exposed to and whether there are better ways of
managing credit risk. The Group invests its cash and cash equivalents with reputable financial institutions. The Group has not incurred
any losses related to these deposits. |
| Other Receivables | 1.7 Other
Receivables Other receivables represent amounts that the Group
has paid in advance of receiving benefits or services. Other receivables include tax recoverable from the Australian Taxation Office and
prepayments. Prepayments are recognized as an expense over the general contractual period. |
| Plant and Equipment | 1.8 Plant
and Equipment Plant and equipment are recorded at cost. Costs
of renewal and improvements that substantially extend the useful lives of assets are capitalized. Maintenance and repair costs are expensed
when incurred. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets as detailed below: Furniture and Fittings Office Equipment Computers Motor Vehicles Plant and Equipment Lease Improvements
Furniture and fittings 5
Office equipment 10
Computers 2
Motor vehicles 5
Plant and equipment 3
Lease improvements 3 Derecognition An item of plant and equipment is derecognized upon
disposal or when no further economic benefits are expected from its use or disposal. Arem Pacific Corporation Notes to Unaudited Condensed Consolidated Financial
Statements For The Quarterly Period Ended December 31,
2023 |
| Leases | 1.9
Leases The Group assesses at contract inception whether a
contract is, or contains, a lease. That is, if the contract conveys the right to control the use of an identified asset for a period of
time in exchange for consideration. As lessee The Group applies a single recognition and measurement
approach for all leases, except for short-term leases and leases of low-value assets. The Group recognizes lease liabilities representing
the obligations to make lease payments and right-of-use assets representing the right to use the underlying leased assets. Right-of-use asset The Group recognizes right-of-use asset at the commencement
date of the lease (i.e. the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated
depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of right-of-use assets includes
the amount of lease liabilities recognized, initial direct costs incurred, and lease payments made at or before the commencement date
less any lease incentives received. Right-of-use assets are depreciated on a straight-line basis over the shorter of the lease term and
the estimated useful lives of the assets. If ownership of the leased asset transfers to the
Group at the end of the lease term or the cost reflects the exercise of a purchase option, depreciation is calculated using the estimated
useful life of the asset. The right-of-use assets are also subject to impairment. The accounting policy for impairment is disclosed in
Key Judgements. Lease liability At the commencement date of the lease, the
Group recognizes lease liability measured at the present value of lease payments to be made over the lease term. The lease payments include
fixed payments (including in-substance fixed payments) less any lease incentives receivable, variable lease payments that depend on an
index or a rate, and amounts expected to be paid under residual value guarantees. The lease payments also include the exercise price of
a purchase option reasonably certain to be exercised by the Group and payments of penalties for terminating the lease, if the lease term
reflects the Group exercising the option to terminate. Variable lease payments that do not depend on an index or a rate are recognized
as expenses (unless they are incurred to produce inventories) in the period in which the event or condition that triggers the payment
occurs. In calculating the present value of lease payments,
the Group uses its incremental borrowing rate at the lease commencement date because the interest rate implicit in the lease is not readily
determinable. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced
for the lease payments made. In addition, the carrying amount of lease liabilities is remeasured if there is a modification, a change
in the lease term, a change in the lease payments (e.g. changes to future payments resulting from a change in an index or rate used to
determine such lease payments) or a change in the assessment of an option to purchase the underlying asset. |
| Payables | 1.10 Payables Other payables represent liabilities for goods
and services provided to the Group prior to the end of the financial year which are unpaid. They are classified as current liabilities
if payment is due within one year or less (or in the normal operating cycle of the business if longer). Otherwise they are presented as
non-current liabilities. Other payables are initially recognized at fair
value and subsequently carried at amortized cost using the effective interest method. |
| Provisions | 1.11 Provisions Provisions are recognized when the Group has a legal
or constructive obligation, as a result of past events, for which it is probable that an outflow of economic benefits will result and
that outflow can be reliably measured. Provisions are measured using the best estimate of the amounts required to settle the obligation
at the end of the reporting period. Arem Pacific Corporation Notes to Unaudited Condensed Consolidated Financial
Statements For The Quarterly Period Ended December
31, 2023 |
| Loans and Borrowings | 1.12 Loans
and Borrowings All loans and borrowings are initially recognized
at cost, being the fair value of the consideration received net of issue costs associated with the borrowing. After initial recognition, interest-bearing loans
and borrowings are subsequently measured at amortized cost using the effective interest method. Amortized cost is calculated by taking
into account any issue costs, and any discount or premium on settlement. The Group’s current liabilities include a loan
from a significant shareholder which is not interest bearing. The shareholder has provided a letter of support to Sanyi Group, which states
that the loan to the Group will not be recalled without giving at least thirteen (13) months’ notice. This loan is not evidenced
by a promissory note. Loans are classified as current liabilities unless
the Group has an unconditional right to defer settlement of the liability for at least twelve (12) months after the reporting date. |
| Revenue Recognition | 1.13 Revenue
Recognition Revenue is measured at the fair value of the consideration
received or receivable after taking into account any discounts. The Group derives revenue primarily through the provision
of therapeutic health services from its Oriental holistic health centers. Revenue is recognized when persuasive evidence of an arrangement
exists, the services have been rendered to customers, the pricing is fixed or determinable and collection is reasonably assured. This
is generally based on the completion of services provided to the customers at the Oriental holistic health centers and settlement of the
transactions either by cash or credit card payments. Interest revenue is recognized using the effective
interest method, which for floating rate financial assets is the rate inherent in the instrument. Dividend revenue is recognized when
the right to receive a dividend has been established. All revenue is stated net of the amount of goods and
services tax. |
| Income Tax | 1.14 Income
Tax Taxes payable is based on taxable profit for the period
which excludes items of income or expense that are taxable or deductible in other periods. Taxable profit also excludes items that are
never taxable or deductible. The Group’s liability for current tax is calculated using tax rates that have been enacted or substantively
enacted as of the balance sheet date. Deferred income tax expense is calculated using the
liability method in accordance with ASC 740 Income Taxes. Deferred tax assets and liabilities are classified as non-current in the balance
sheet and are measured based on the difference between the carrying value of assets and liabilities for financial reporting and their
tax basis when such differences are considered temporary in nature. Temporary differences related to intercompany profits are deferred
using the buyer’s tax rate. Deferred tax assets are reviewed for recoverability every balance sheet date, and the amount probable
of recovery is recognized. Deferred income tax expense represents the change
in deferred tax asset and liability balances during the periods discussed except for the deferred tax related to items recognized in other
comprehensive income or resulting from a business combination or disposal. Changes resulting from amendments and revisions in tax laws
and tax rates are recognized when the new tax laws or rates become effective or are substantively enacted. Uncertain tax positions are
recognized in the financial statements based on management’s expectations. Deferred tax assets and liabilities are offset when
there is a legally enforceable right to set off current tax assets against current tax liabilities, when they are related to income taxes
levied by the same taxation authority, and when the Group intends to settle its current tax assets and liabilities on a net basis. Deferred taxes are not provided on undistributed earnings
of subsidiaries when the timing of the reversal of this temporary difference is controlled by the Group and is not expected to happen
in the foreseeable future. This is applicable for the majority of the Group’s subsidiaries. Arem Pacific Corporation Notes to Unaudited Condensed Consolidated Financial
Statements For The Quarterly Period Ended December 31,
2023 |
| Goods and Services Tax (“GST”) | 1.15 Goods and Services
Tax (“GST”) Revenues, expenses and assets are recognized net of
the amount of GST, except where the amount of GST incurred is not recoverable from the Australian Taxation Office (“ATO”). Receivables and payables are stated inclusive of the
amount of GST receivable or payable. The net amount of GST recoverable from, or payable to, the ATO is included with other receivables
or payables in the statement of financial position. Cash flows are presented on a gross basis. The GST
components of cash flows arising from investing or financing activities, which are recoverable from or payable to the ATO, are presented
as operating cash flows included in receipts from customers or payments to suppliers. |
| Earnings per Common Share | 1.16 Earnings
per Common Share Basic earnings per common share is computed by dividing
income or losses available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted
earnings (loss) per common share is computed similar to basic net income or losses per share except that the denominator is increased
to include the number of additional common shares that would have been outstanding if all the potential common shares, warrants and stock
options had been issued and of the additional common shares were dilutive. Diluted earnings (loss) per common share is based on the assumption
that all dilutive convertible shares and stock options were converted or exercised. Dilution is computed by applying the treasury stock
method for the outstanding options and the if-converted method for the outstanding convertible preferred shares. Under the treasury stock
method, options and warrants are assumed to be exercised at the beginning of the period (or at the time of issuance, if later), and as
if funds obtained thereby were used to purchase common stock at the average market price during the periods discussed. Under the if–converted
method, convertible outstanding instruments are assumed to be converted into common stock at the beginning of the period (or at the time
of issuance, if later). |
| Accumulated Total Comprehensive Income (Loss) | 1.17 Accumulated
Total Comprehensive Income (Loss) Comprehensive income (loss) is presented net of applicable
income taxes in the accompanying consolidated statements of stockholders' deficit and comprehensive income (loss). Other comprehensive
income (loss) is comprised of revenues, expenses, gains, and losses that under GAAP are reported as separate components of stockholders'
deficit instead of net income (loss). |
