v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net Income $ 2,558,051 $ (2,517,519)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
(Reversal) allowance for credit loss (2,016,645) 1,386,885
Depreciation and amortization 36,608 373,068
Operating lease expenses 320,863 24,330
Investment loss 26,235  
Deferred tax benefit (10,617)
Changes in assets and liabilities:    
Accounts receivable (3,976,742) (1,439,834)
Advance to suppliers 4,851,717 (2,572,054)
Prepaid expenses and other current assets 377,945 (35,407)
Other non-current assets (543,523) 231,483
Other non-current liabilities 557,359
Accounts payable (1,029,488) 2,749,836
Contract liability (1,395,549) 1,319,581
Taxes payable 38,591 (83,343)
Accrued liabilities and other payables 460,037 15,710
Operating lease liability (123,910) (28,212)
Net cash provided by (used in) operating activities 141,549 (586,093)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (12,634) (16,771)
Increase on acquisition of subsidiaries 9,968
Proceeds on disposition of equity investment 12,053
Proceeds from related party on disposal of a subsidiary 250,812
Repayment from related party 394,471
Investment of equity investments (9,999,600)
Redemption of short-term investment (535,834)
Net cash (used in) provided by investing activities (9,344,930) (552,605)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from short-term bank loans 2,981,872 124,400
Repayments of short-term bank loans (2,703,192)
Repayments of long-term bank loans (210,403) (27,644)
Issuance of Class A Ordinary Shares 10,000,000
Repayments of related party loan 13,311
Payment for offering cost (35,806)
Net cash provided by financing activities 10,032,471 110,067
Effect of exchange rate changes (18,335) (34,666)
Net increase (decrease) in cash 810,755 (1,063,297)
Cash at beginning of period 230,563 2,751,309
Cash at end of period 1,041,318 1,688,012
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Income tax paid 12,821 52,789
Interest expense paid 133,546 108,853
NONE CASH ACTIVITIES:    
Shares issued for acquisition of a subsidiary 1,100,000
Cash not paid on acquisition of a subsidiary 27,102
Right-of-use assets obtained in exchange for operating new lease liabilities $ 43,117,875