v3.25.2
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Statement of Cash Flows [Abstract]    
Net loss $ (39,240,226) $ (14,767,822)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 812,483 505,653
Credit loss expenses 22,034,812 6,015,752
Right-of-use assets amortization 1,460,104 1,211,899
Stock-based compensation expenses 5,616,282 6,380,282
Inventory impairment 754,976 205,594
Loss from equity method investment 732,502 117,905
Right-of-use assets impairment 151,516
Debt issuance cost amortization 38,478
Changes in operating assets and liabilities:    
Accounts receivable (9,331,350) (41,299,642)
Inventories (1,037,552) 901,120
Prepaid expenses and other current assets (547,085) 1,937,029
Accounts payable and accounts payable – related party 10,766,537 17,891,667
Contract liabilities 2,643,084 1,248,687
Accrued liabilities and other payables (555,383) 2,456,979
Operating lease liabilities (1,358,074) (1,043,556)
Prepaid income tax/income tax payable (315,189) (63,853)
Net cash used in operating activities (7,374,085) (18,302,306)
Cash flows from investing activities:    
Purchase of property, plant and equipment (1,100,704) (1,969,961)
Acquisition of intangible assets (939,075) (1,173,302)
Maturity of short term investment 9,133,707
Acquisition of other investment (2,000,000)
Acquisition of equity method investment (1,000,000)
Repayment of acquisition payable (3,158,826)
Net cash (used in) provided by investing activities (5,198,605) 2,990,444
Cash flows from financing activities:    
Common stock repurchased (60,488)
Proceeds from equity offerings 12,300,000
Issuance costs of equity offerings (1,514,094)
Proceeds from borrowing 2,080,863
Repayment of borrowing (167,214)
Repayments of advances from a related party (703,323)
Net cash provided by financing activities 1,853,161 10,082,583
Net decrease in cash (10,719,529) (5,229,279)
Cash – beginning of year 35,071,294 40,300,573
Cash – end of year 24,351,765 35,071,294
Supplemental non-cash investing and financing activities    
Leased assets obtained in exchange for operating lease liabilities 3,062,902 537,307
Reclassification of accounts receivable to accounts receivable – non current 7,367,158
Reclassification of accounts payable – related party to amount due to a related party 25,000,000
Unpaid equity method investment in accrued liabilities and other payables 9,000,000
Warrants issued in connection with equity method investment 365,953
Unpaid intangible assets in accrued liabilities and other payables 232,382
Supplemental disclosures    
Cash paid for income taxes 1,531,924 1,355,110
Cash paid for interest $ 150,285 $ 15,229