SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
|
9 Months Ended |
12 Months Ended |
Mar. 31, 2025 |
Jun. 30, 2024 |
| SCHEDULE OF OPENING AND CLOSING BALANCES IN CONTRACT LIABILITIES AND ACCOUNTS RECEIVABLE |
The following table summarizes the Company’s
opening and closing balances in contract liabilities and accounts receivable:
SCHEDULE OF OPENING AND CLOSING BALANCES IN CONTRACT LIABILITIES
AND ACCOUNTS RECEIVABLE
| |
|
Accounts
Receivable |
|
|
Contract
Liabilities |
|
| Balance as of June 30, 2024 |
|
|
11,024,450 |
|
|
|
2,830,068 |
|
| Balance as of March 31, 2025 |
|
|
11,346,858 |
|
|
|
3,342,088 |
|
|
|
| SCHEDULE OF PLANT AND EQUIPMENT |
Plant and equipment are recorded at cost. Depreciation
is provided in amounts sufficient to recognize the cost of the related assets over their useful lives using the straight-line method,
as follows:
SCHEDULE OF PLANT AND EQUIPMENT
| Category | |
Estimated
useful lives | |
Residual
value | |
| Electronic equipment | |
3 years | |
| 5 | % |
| Transportation equipment | |
5 years | |
| 5 | % |
|
|
| SCHEDULE OF INTANGIBLE ASSETS USEFUL LIFE |
Intangible assets acquired are recorded at cost
less accumulated amortization. Amortization is provided in amounts sufficient to recognize the cost of the related assets over their useful
lives using the straight-line method, as follows:
SCHEDULE OF INTANGIBLE ASSETS USEFUL LIFE
| |
|
Useful life |
|
| Developed games |
|
2-7 years |
|
| Royalties |
|
5-8 years |
|
| Copyright |
|
8-10 years |
|
|
|
| SCHEDULE OF FOREIGN CURRENCY TRANSLATION |
SCHEDULE OF FOREIGN CURRENCY TRANSLATION
| |
|
March 31,
2025 |
|
|
June 30,
2024 |
|
| Balance sheet items, except for equity accounts |
|
$1=RMB7.2567 |
|
|
$1=RMB7.2672 |
|
| |
|
For the
Nine Months Ended
March 31 |
|
| |
|
2025 |
|
|
2024 |
|
| Items in the statements of income and cash flows |
|
$1=RMB7.2070 |
|
|
$1=RMB7.2193 |
|
|
|
| Gamehaus Inc [Member] |
|
|
| SCHEDULE OF CONDENSED BALANCE SHEET |
|
SCHEDULE OF CONDENSED BALANCE SHEET
| | |
As of August
31, 2023 (Termination date
of former VIE) | | |
As
of
June 30, 2023 | |
| Total current assets | |
$ | 47,166,299 | | |
$ | 47,427,874 | |
| Total assets | |
$ | 53,373,577 | | |
$ | 55,420,349 | |
| Total current liabilities | |
$ | 42,047,344 | | |
$ | 48,814,652 | |
| Total liabilities | |
$ | 42,047,344 | | |
$ | 48,827,831 | |
|
| SCHEDULE OF CONDENSED OPERATIONS |
|
SCHEDULE OF CONDENSED OPERATIONS
| | |
For
the two months from July 1, to August
31, 2023 | | |
For the year ended
June 30,
2023 | |
| Revenue from in-app purchases | |
$ | 5,460,907 | | |
$ | 130,881,024 | |
| Revenue from advertisement | |
| 709,339 | | |
| 10,044,169 | |
| Total revenue | |
$ | 6,170,246 | | |
$ | 140,925,193 | |
| Net income | |
$ | 9,985 | | |
$ | 501,521 | |
|
| SCHEDULE OF CONDENSED CASH FLOWS |
|
SCHEDULE OF CONDENSED CASH FLOWS
| | |
For
the two months from July 1, to August
31, 2023 | | |
For the year ended
June 30,
2023 | |
| Net cash (used in) provided by operating activities | |
$ | (4,380,861 | ) | |
$ | 24,630,245 | |
| Net cash used in investing activities | |
$ | - | | |
$ | (3,522,229 | ) |
| Net cash provided by financing activities | |
$ | - | | |
$ | 1,320,336 | |
|
| SCHEDULE OF OPENING AND CLOSING BALANCES IN CONTRACT LIABILITIES AND ACCOUNTS RECEIVABLE |
|
The
following table summarizes the Company’s opening and closing balances in contract liabilities and accounts receivable:
SCHEDULE OF OPENING AND CLOSING BALANCES IN CONTRACT LIABILITIES AND ACCOUNTS RECEIVABLE
| | |
Accounts Receivable | | |
Contract Liabilities | |
| Balance as of June 30, 2023 | |
| 16,551,204 | | |
| 2,986,364 | |
| Balance as of June 30, 2024 | |
| 11,024,450 | | |
| 2,830,068 | |
|
| SCHEDULE OF PLANT AND EQUIPMENT |
|
Plant
and equipment are recorded at cost. Depreciation is provided in amounts sufficient to recognize the cost of the related assets over their
useful lives using the straight-line method, as follows:
SCHEDULE OF PLANT AND EQUIPMENT
| Category | |
Estimated
useful lives | |
Residual
value | |
| Electronic equipment | |
3 years | |
| 5 | % |
| Transportation equipment | |
5 years | |
| 5 | % |
|
| SCHEDULE OF INTANGIBLE ASSETS USEFUL LIFE |
|
Intangible
assets acquired are recorded at cost less accumulated amortization. Amortization is provided in amounts sufficient to recognize the cost
of the related assets over their useful lives using the straight-line method, as follows:
SCHEDULE OF INTANGIBLE ASSETS USEFUL LIFE
| | |
Useful life |
| Developed games | |
5-10 years |
| Royalties | |
5-8 years |
| Copyright | |
8-10 years |
|
| SCHEDULE OF FOREIGN CURRENCY TRANSLATION |
|
SCHEDULE OF FOREIGN CURRENCY TRANSLATION
| |
|
June 30, 2024 |
|
June 30, 2023 |
| Balance
sheet items, except for equity accounts |
|
|
$1=RMB7.2672 |
|
|
|
$1=RMB7.2513 |
|
| Items
in the statements of income and cash flows |
|
|
$1=RMB7.2248 |
|
|
|
$1=RMB6.9536 |
|
| Balance
sheet items, except for equity accounts |
|
|
$1=HK$7.8083 |
|
|
|
$1=HK$7.8363 |
|
| Items
in the statements of income and cash flows |
|
|
$1=HK$7.8190 |
|
|
|
$1=HK$7.8373 |
|
|