v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Jun. 30, 2024
Jun. 30, 2023
CURRENT ASSETS:      
Cash and cash equivalents $ 15,703,740 $ 18,816,535  
Restricted cash 4,815 3,605  
Accounts receivable 11,346,858 11,024,450  
Advanced to suppliers 12,136,967 9,708,899  
Prepaid expenses and other current assets 2,703,660 2,041,112  
TOTAL CURRENT ASSETS 41,896,040 41,594,601  
NON-CURRENT ASSETS:      
Plant and equipment, net 109,955 133,558  
Intangible assets, net 4,808,447 5,293,126  
Operating lease right-of-use assets, net 433,281 695,571  
Deferred offering costs 1,571,328  
Equity investments 1,987,358 1,992,206  
TOTAL NON-CURRENT ASSETS 7,339,041 9,685,789  
TOTAL ASSETS 49,235,081 51,280,390  
CURRENT LIABILITIES:      
Accounts payable 13,672,062 13,034,836  
Contract liabilities 3,342,088 2,830,068  
Accrued expenses and other current liabilities 620,649 555,714  
Operating lease liabilities 345,932 336,046  
Due to related party 107,361  
Taxes payable 50,089 19,466  
TOTAL CURRENT LIABILITIES 18,030,820 16,883,491  
NON-CURRENT LIABILITY:      
Operating lease liabilities 9,189 351,856  
TOTAL NON-CURRENT LIABILITY 9,189 351,856  
TOTAL LIABILITIES 18,040,009 17,235,347  
SHAREHOLDERS’ EQUITY:      
Additional paid-in capital 10,856,609 16,203,206  
Retained earnings 21,958,617 19,581,470  
Accumulated other comprehensive loss (1,591,078) (1,772,669)  
TOTAL GAMEHAUS’ SHAREHOLDERS’ EQUITY 31,229,505 34,017,007  
Non-controlling interests (34,433) 28,036  
TOTAL SHAREHOLDERS’ EQUITY 31,195,072 34,045,043 $ 25,560,711
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 49,235,081 51,280,390  
Gamehaus Inc [Member]      
CURRENT ASSETS:      
Cash and cash equivalents   18,816,535 16,009,655
Restricted cash   3,605 8,337
Accounts receivable   11,024,450 16,551,204
Advanced to suppliers   9,708,899 11,812,878
Prepaid expenses and other current assets   2,041,112 2,731,765
TOTAL CURRENT ASSETS   41,594,601 47,113,839
NON-CURRENT ASSETS:      
Plant and equipment, net   133,558 164,381
Intangible assets, net   5,293,126 5,767,473
Operating lease right-of-use assets, net   695,571 402,423
Deferred offering costs   1,571,328 270,896
Equity investments   1,992,206 2,001,219
TOTAL NON-CURRENT ASSETS   9,685,789 8,606,392
TOTAL ASSETS   51,280,390 55,720,231
CURRENT LIABILITIES:      
Accounts payable   13,034,836 25,936,807
Contract liabilities   2,830,068 2,986,364
Accrued expenses and other current liabilities   555,714 806,463
Operating lease liabilities   336,046 387,118
Due to related party   107,361
Taxes payable   19,466 30,594
TOTAL CURRENT LIABILITIES   16,883,491 30,147,346
NON-CURRENT LIABILITY:      
Operating lease liabilities   351,856 12,174
TOTAL NON-CURRENT LIABILITY   351,856 12,174
TOTAL LIABILITIES   17,235,347 30,159,520
SHAREHOLDERS’ EQUITY:      
Ordinary shares, value   7,541 7,541
Preferred shares, value   7,474 7,474
Additional paid-in capital   16,193,191 16,193,191
Retained earnings   19,581,470 11,333,048
Accumulated other comprehensive loss   (1,772,669) (1,665,966)
TOTAL GAMEHAUS’ SHAREHOLDERS’ EQUITY   34,017,007 25,875,288
Non-controlling interests   28,036 (314,577)
TOTAL SHAREHOLDERS’ EQUITY   34,045,043 25,560,711
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY   51,280,390 $ 55,720,231
Common Class A [Member]      
SHAREHOLDERS’ EQUITY:      
Ordinary shares, value [1] 3,797 3,440  
Common Class B [Member]      
SHAREHOLDERS’ EQUITY:      
Ordinary shares, value $ 1,560 $ 1,560  
[1] Presented on a retroactive basis to reflect the reverse recapitalization that is discussed in Note 1.