v3.25.2
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Jun. 30, 2025
Summary of Significant Accounting Policies [Abstract]  
Schedule of Cost and Accumulated Depreciation are Removed from the Accounts

When assets are retired or disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gains or losses are included in income/loss in the year of disposition. Estimated useful lives are as follows:

 

    Estimated Useful Life
Office and other equipment   3 - 5 years
Furniture and fixtures   7 years
Leasehold improvements   Shorter of the term of the lease or
the estimated useful life of the assets
Schedule of Net Sales Disaggregated by Region The net sales disaggregated by region for the years ended June 30, 2025 and 2024, were as follows:
   For the year ended
June 30,
 
   2025   2024 
Europe  $74,107,249   $65,260,478 
North America (the U.S. and Canada)   32,567,795    63,079,961 
Asia Pacific (excluding PRC)   12,274,022    17,588,597 
Others   8,545,238    5,979,655 
Total   127,494,304    151,908,691 
Schedule of Potentially Dilutive Shares could Dilute Basic EPS Potentially dilutive shares could dilute basic EPS in the future that were not included in the computation of diluted EPS because to do so would have been antidilutive for the years ended June 30, 2025 and 2024. Potentially dilutive shares were as follows:
   As of
June 30,
   As of
June 30,
 
Dilutive securities:  2025   2024 
Share options   1,438,125    3,255,000 
Unvested restricted stock units   404,970    483,606 
Warrants   173,211    173,211 
Total   2,016,306    3,911,817 
Schedule of Company’s Consolidated Revenue

For the years ended June 30, 2025 and 2024, the Company’s major customers, who accounted for more than 10% of the Company’s consolidated revenue, were as follows: 

 

   Year Ended
June 30,
 
   2025   2024 
Major Customers        
A   26%   30%
Schedule of Company’s Suppliers

For the years ended June 30, 2025 and 2024, the Company’s suppliers, who accounted for more than 10% of the Company’s total purchases, were as follows:

 

    Year Ended
June 30,
 
    2025     2024  
Major Suppliers            
B(1)     91 %     78 %

 

(1)Major supplier B is Shenzhen Yi Jia, a Chinese company that is 95% owned by the Company’s co-chief executive officer and principal stockholder. See Note 12.
Schedule of Accounts Receivable

As of June 30, 2025 and 2024, the Company’s customers, whose accounts receivable balances accounted for more than 10% of the Company’s total accounts receivable, net, were as follows:

 

   As of
June 30,
   As of
June 30,
 
Customers  2025   2024 
C   16%   16%
D   17%   * 

 

*Represents the percentage was below 10%.