v3.25.3
Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Jun. 30, 2024
Current assets    
Cash $ 14,533,829 $ 14,641,967
Restricted cash 3,118,067 3,094,092
Notes receivable 32,548
Accounts receivable, net 396,744 267,165
Other receivables, net 612
Prepaid expenses 52,068 243,636
Total current assets 18,134,340 18,247,523
Property and equipment, net 183,639
Right-of-use assets 84,370 98,327
Other long-term assets - deposits 10,192 198,550
Total non-current assets 94,562 480,516
Total Assets 18,228,902 18,728,039
Current Liabilities    
Loans from third parties 999,940
Deferred revenue 66,423
Accounts payable 701,080 566,770
Lease liabilities - current 53,286 177,263
Taxes payable 3,250,473 3,206,893
Judgment debt payable 488,586
Accrued expenses and other current liabilities 1,256,969 1,037,187
Total current liabilities 7,274,565 5,343,001
Loans from third parties 466,321
Lease liabilities - non-current 31,084 131,355
Total non-current liabilities 497,405 131,355
Total liabilities 7,771,970 5,474,356
Commitments and Contingencies
Shareholders’ Equity:    
Preferred share, 2,000,000 shares authorized, no par value, no shares issued and outstanding as of June 30, 2025 and 2024, respectively
Common share, 50,000,000 shares authorized, no par value; 4,203,492 and 3,503,492 shares issued and outstanding as of June 30, 2025 and 2024, respectively 105,333,048 104,192,048
Additional paid-in capital 2,334,962 2,334,962
Accumulated deficits (94,597,445) (90,684,966)
Accumulated other comprehensive (loss) income (596,914) 159,272
Total Shareholders’ Equity attributable to controlling shareholders of the Company 12,473,651 16,001,316
Non-controlling Interest (2,016,719) (2,747,633)
Total Equity 10,456,932 13,253,683
Total Liabilities and Equity 18,228,902 18,728,039
Third Parties    
Current assets    
Advances to suppliers - third parties, net 1,084 51
Related Party    
Current Liabilities    
Accounts payable - related party 63,434
Due to related parties $ 524,231 $ 225,031