v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Dec. 31, 2024
Jun. 30, 2024
CURRENT ASSETS:    
Cash $ 1,041,318 $ 230,563
Investment in films-current 885,800 885,800
Accounts receivable – third parties, net 29,699,601 22,174,192
Accounts receivable – related parties, net 379,710 2,128,750
Advances to suppliers 7,885,942 12,697,192
Digital assets 140,586 140,586
Prepaid expenses and other current assets 3,374,795 2,025,820
TOTAL CURRENT ASSETS 43,407,752 40,932,053
Property and equipment, net 1,217,087 465,378
Equity investment 10,027,856 54,289
Investment in film, non-current 535,857 535,857
Operating right-of-use asset 42,266,949 35,273
Deferred tax assets
Other non-current assets 746,229 211,907
TOTAL ASSETS 98,201,730 42,234,757
CURRENT LIABILITIES:    
Short-term bank loans 4,507,282 4,251,982
Long-term bank loans –current portion 413,738 415,566
Accounts payable – third parties 10,735,511 11,807,997
Accounts payable – related parties 10,159
Contract liability – third parties 607,725 265,577
Contract liability – related parties 1,178,003 2,906,209
Taxes payable 4,137,545 4,117,521
Accrued liabilities and other payables – third parties 508,936 190,480
Accrued liabilities and other payables – related parties 1,545,435 1,390,515
Operating lease liability – current 39,730 45,269
TOTAL CURRENT LIABILITIES 23,684,064 25,391,116
Long-term bank loans – non-current 1,304,920 1,518,467
Other long-term liabilities 547,998
Operating lease liability – non-current 43,817,804
TOTAL LIABILITIES 69,354,786 26,909,583
Commitments and contingencies
SHAREHOLDERS’ EQUITY    
Ordinary shares (par value $0.01 per share; 64,400,000 Class A ordinary shares authorized; 14,362,733 and 3,362,733 Class A ordinary shares issued and outstanding as of December 31, 2024 and June 30, 2024, respectively; 10,600,000 Class B ordinary shares authorized, 576,308 Class B ordinary shares issued and outstanding as of December 31, 2024 and June 30, 2024, 1,000,000 Class C ordinary shares authorized, nil Class C shares issued and outstanding as of December 31, 2024 and June 30, 2024) 149,390 39,390
Subscription receivable (15,441) (15,441)
Additional paid-in capital 53,413,337 42,459,143
Statutory reserve 1,538,443 1,538,443
Retained earnings (24,466,310) (27,006,989)
Accumulated other comprehensive (loss) income (1,805,707) (1,705,614)
TOTAL POP CULTURE GROUP CO., LTD SHAREHOLDERS’ EQUITY 28,813,712 15,308,932
Non-controlling interests 33,232 16,242
TOTAL SHAREHOLDERS’ EQUITY 28,846,944 15,325,174
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 98,201,730 42,234,757
Related Party    
CURRENT ASSETS:    
Due from related parties $ 649,150