| Schedule of Equity Investments |
As
of December 31, 2024 and June 30, 2024, equity investments consisted of the following:
| | |
| | |
As of
December 31, | | |
As of
June 30, | |
| Equity method investment | |
% of interest | | |
2024 | | |
2024 | |
| Junpu Jiyuan (Xiamen) Digital Co., Ltd. (i) | |
| 30 | % | |
$ | 26,497 | | |
$ | 26,650 | |
| Xiamen
Hualiu Boying Film and Television Media Co., Ltd. (“Hualiu Boying”) (i) | |
| 40 | % | |
$ | 1,759 | | |
$ | 27,639 | |
| Subtotal | |
| | | |
$ | 28,256 | | |
$ | 54,289 | |
| Other equity investment | |
| | | |
| | | |
| | |
| Shenzhen Jambox (ii) | |
| 20 | % | |
| - | | |
| - | |
| China Ailia International Holdings Co. Ltd. (“China Ailia”) (ii) | |
| 10 | % | |
$ | 9,999,600 | | |
| - | |
| Subtotal | |
| | | |
$ | 9,999,600 | | |
| | |
| Total equity investment | |
| | | |
$ | 10,027,856 | | |
$ | 54,289 | |
| (i) | The investees are significantly influenced by the Company. As a result, equity method is adopted to record
the equity investments. |
| (ii) | The Company accounts for its investment in Jambox and China Ailia as other equity investments using the
measurement alternative, since they are equity securities without a readily determinable fair value that do not qualify for
the net asset value practical expedient. Under the measurement alternative, the equity securities are measured at cost minus impairment,
if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment
of the same issuer. |
|