| SCHEDULE I-CONDENSED BALANCE SHEETS |
SCHEDULE I- BALANCE SHEETS
| | |
As of
June 30, | |
| | |
2025 | | |
2024 | |
| ASSETS | |
| | |
| |
| Cash | |
$ | 6,635,163 | | |
$ | 3,566,438 | |
| Due from intercompany | |
| 12,069,820 | | |
| 409,820 | |
| Other receivables | |
| - | | |
| 9,395,453 | |
| Investment in subsidiaries | |
| 354,260 | | |
| 555,114 | |
| Total Assets | |
$ | 19,059,243 | | |
$ | 13,926,825 | |
| | |
| | | |
| | |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | |
| | | |
| | |
| Accrued expenses and other current liabilities | |
$ | 40,327 | | |
$ | 52,827 | |
| Total Current Liabilities | |
| 40,327 | | |
| 52,827 | |
| | |
| | | |
| | |
| Shareholders’ Equity | |
| | | |
| | |
| Ordinary shares ($0.0016 par value, 625,000,000 authorized, 20,784,142 and 1,687,500 shares issued and outstanding as of June 30, 2025 and 2024, respectively) | |
| 33,255 | | |
| 2,700 | |
| Additional paid-in capital | |
| 22,412,245 | | |
| 14,578,800 | |
| Accumulated deficits | |
| (3,426,584 | ) | |
| (707,502 | ) |
| Total shareholders’
equity | |
| 19,018,916 | | |
| 13,873,998 | |
| Total liabilities and
shareholders’ equity | |
$ | 19,059,243 | | |
$ | 13,926,825 | |
| * | Giving retroactive effect to the 1-for-16 reverse share split completed on November 27, 2024. |
|
| SCHEDULE I-CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) |
SCHEDULE I- STATEMENTS OF OPERATIONS AND COMPREHENSIVE
LOSS
| | |
For the years ended
June 30, | |
| | |
2025 | | |
2024 | | |
2023 | |
| Operating expenses: | |
| | |
| | |
| |
| General and administrative expenses | |
| (523,720 | ) | |
| (722,872 | ) | |
| (362,880 | ) |
| Equity (loss) income in subsidiaries | |
| (2,194,797 | ) | |
| (25,670 | ) | |
| 568,791 | |
| Net (loss) income | |
| (2,718,517 | ) | |
| (748,542 | ) | |
| 205,911 | |
| Comprehensive (loss) income | |
$ | (2,718,517 | ) | |
$ | (748,542 | ) | |
| 205,911 | |
|
| SCHEDULE I-CONDENSED STATEMENTS OF CASH FLOWS |
SCHEDULE I- STATEMENTS OF CASH FLOWS
| | |
For the years Ended
June 30, | |
| | |
2025 | | |
2024 | | |
2023 | |
| Net cash (used in) operating activities | |
$ | (12,308,531 | ) | |
$ | (769,797 | ) | |
$ | (141,836 | ) |
| Net cash provided by (used in) investing activities | |
| 9,677,256 | | |
| (9,457,764 | ) | |
| — | |
| Net cash provided by (used in) financing
activities | |
| 5,700,000 | | |
| 13,783,523 | | |
| (46,704 | ) |
| Net increase (decrease) in cash | |
| 3,068,725 | | |
| 3,555,962 | | |
| (188,540 | ) |
| Cash at the beginning of the year | |
| 3,566,438 | | |
| 10,476 | | |
| 199,016 | |
| Cash at the end of the
year | |
$ | 6,635,163 | | |
$ | 3,566,438 | | |
$ | 10,476 | |
|