v3.25.3
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities      
Net (loss) income $ (2,718,517) $ (748,542) $ 205,911
Adjustments to reconcile net income (loss) to net cash used in operating activities:      
Gain (loss) on deconsolidation of a subsidiary 45,160
Loss from equity investment 2,386
Depreciation and amortization 11,774 7,300 2,001
Amortization of right-of-use assets 7,403 4,350
Credit loss (recovery) (127,716) 128,652 (2,414)
Deferred tax expense (4) 154
Share-based compensation expenses 2,214,000
Changes in operating assets and liabilities:      
Accounts receivable 169,313 (130,142) (2,546)
Advances to suppliers (1,568,646) 929,056 16,645,460
Prepayments and other assets (21,902) (18,844) 129,495
Other non-current assets (219,493) (27,679)
Accounts payable (509,326) 136,431 807,113
Advances from customers (1,807,899) (18,353,557)
Taxes payable (218,887) 129,032 39,608
Accruals and other liabilities 85,824 5,432 25,130
Operating lease liability (7,316) (7,424)
Amounts due to related parties 34,800 46,969 220,640
Net cash used in operating activities (2,821,147) (1,353,154) (283,159)
Cash flows from investing activities      
Purchases of property and equipment (5,782,869) (12,766) (2,646)
Loans to third parties (11,657,764)
Collection of loans to third parties 9,677,257 2,200,000
Payments for equity investment (83,815)
Net cash provided by (used in) investing activities 3,810,573 (9,470,530) (2,646)
Cash flows from financing activities      
Proceeds from short-term loans 388,368 981,409 144,061
Repayments on short-term loans (696,001) (420,604)
Payments of offering costs 12,873
Issuances of ordinary shares 5,700,000 13,783,523
Net cash provided by financing activities 5,392,367 14,344,328 156,934
Effect of foreign exchange rate on cash (33,360) 19,997 (96,126)
Net increase (decrease) in cash 6,348,433 3,540,641 (224,997)
Cash at the beginning of the year 4,834,350 1,293,709 1,518,706
Cash at the end of the year 11,182,783 4,834,350 1,293,709
Supplemental disclosures of cash flows information:      
Interest paid 22,485 12,454 1,269
Income taxes paid 598
Non-cash investing and financing activities      
Gain (loss) on deconsolidation of a subsidiary (45,160)
Loss from equity investment 2,386
ROU assets recognized $ 7,403 $ 22,388