v3.25.3
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating Activities    
Net loss $ (3,314,531) $ (5,471,774)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 48,871 132,195
Non-cash lease expense 26,044 284,299
Allowance for credit losses, net 87,629
Gain on disposal of subsidiaries (359,781)
Property and equipment written off 133,765 69,338
Impairment loss of cryptocurrencies 72,179
Interest expenses related to convertible note 21,917
Changes in assets and liabilities    
Notes receivable (32,320)
Accounts receivable (125,256) (27,340)
Other receivables 614 180,766
Advances to suppliers - third parties (1,025) 133,429
Prepaid expenses and other current assets 192,668 8,412
Other long-term assets - deposits 188,789 (11,143)
Due from related parties 293,861
Deferred revenue (66,747) (1,715)
Accounts payable 62,704 57,777
Taxes payable (1,605) (118,585)
Lease liabilities (236,335) (268,059)
Judgment debt payable 488,586
Accrued expenses and other current liabilities (350,765) 801,765
Net cash used in operating activities (2,692,682) (4,408,691)
Investing Activities    
Acquisition of property and equipment (589)
Repayment from related parties 76,169
Net cash provided by investing activities 75,580
Financing Activities    
Proceeds from issuance of common shares 1,141,000 9,860,000
Payment of accrued interest related to convertible notes (403,424)
Repayment of convertible notes (5,000,000)
Proceeds from third parties loans 2,066,261
Repayment of third parties loans (600,000)
Net cash provided by financing activities 2,607,261 4,456,576
Net (decrease) increase in cash (85,421) 123,465
Cash and restricted cash, beginning of year 17,736,059 17,390,156
Effect of changes of foreign exchange rate on cash and restricted cash 1,258 222,438
Cash and restricted cash, end of year 17,651,896 17,736,059
Representing:    
Cash, end of year 14,533,829 14,641,967
Restricted cash, end of year 3,118,067 3,094,092
Total cash and restricted cash, end of year 17,651,896 17,736,059
Supplemental information    
Income taxes paid 30,230
Interest paid 41,914
Non-cash transactions of operating and investing activities    
Initial recognition of right-of-use assets and lease liabilities $ 109,820