v3.25.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 2,314,740 $ 6,040,394
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 749,357 698,781
Amortization of right-of-use assets 265,212 323,592
Plant and equipment written off 3,696
Share of net loss from equity investees 7,800 29,321
Changes in operating assets and liabilities:    
Accounts receivable (308,607) 3,413,201
Advanced to suppliers (2,431,474) 1,628,709
Prepaid expenses and other current assets (664,369) 324,772
Accounts payable 552,259 (8,364,239)
Accrued expenses and other current liabilities 64,593 (278,299)
Contract liabilities 511,593 99,792
Operating lease liabilities (336,202) (351,897)
Taxes payable 30,817 111,878
NET CASH PROVIDED BY OPERATING ACTIVITIES 755,719 3,679,701
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of plant and equipment (15,689) (104,716)
Purchase of intangible assets (213,752) (301,644)
NET CASH USED IN INVESTING ACTIVITIES (229,441) (406,360)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net cash paid on reverse recapitalization (2,495,690)
Net cash paid for public offering (1,077,260) (837,140)
Repayment to related parties (108,298)
NET CASH USED IN FINANCING ACTIVITIES (3,681,248) (837,140)
EFFECT OF EXCHANGE RATE CHANGE ON CASH 43,385 68,957
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (3,111,585) 2,505,158
CASH, CASH EQUIVALENTS AND RESTRICTED CASH — beginning of the period 18,820,140 16,017,992
CASH, CASH EQUIVALENTS AND RESTRICTED CASH — end of the period 15,708,555 18,523,150
Reconciliation of cash to the consolidated balance sheets:    
Cash and cash equivalents 15,703,740 18,515,638
Restricted cash 4,815 7,512
Total cash, cash equivalents and restricted cash 15,708,555 18,523,150
Supplemental disclosures of cash flow information:    
Cash paid for income tax 124,539 85,066
Cash paid for interest 3,406 472
Supplemental disclosures of non-cash flow information:    
Lease liabilities arising from obtaining operating lease right-of-use assets $ 353,370 $ 771,267