v3.25.4
Consolidated Balance Sheets
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
Current assets:    
Cash $ 188,550 $ 573,839
Notes receivable 107,231
Accounts receivable, net 9,300,479 9,883,308
Inventories 17,320,746 9,994,516
Advances to suppliers, net 2,918,042 3,878,727
Prepaid IPO costs 1,687,631 1,165,782
Other receivables 111,804 652,700
Total current assets 31,634,483 26,272,627
Property and equipment, net 4,361,772 4,118,937
Land use rights 729,879 737,260
Deferred tax assets 476,283 469,493
Long-term deferred expenses 115,457 209,461
TOTAL ASSETS 37,317,874 31,807,778
Current liabilities:    
Short-term borrowings 14,049,800 9,749,285
Accounts payable 7,246,441 8,026,193
Accrued payroll expenses 1,323,766 1,000,545
Other payables 1,328,175 792,292
Advances from customers 5,458 300,813
Tax payable 786,852 1,806,920
Total current liabilities: 30,957,830 26,846,430
Non-current liabilities:    
Deferred revenue 128,575 130,086
Government loan 1,116,757 1,100,837
TOTAL LIABILITIES 32,203,162 28,077,353
COMMITMENTS AND CONTINGENCIES
Shareholders’ Equity:    
Ordinary shares: HK$0.0005, or $0.00006375 par value, 780,000,000 shares authorized, 20,000,000 shares issued and outstanding 1,275 1,275
Additional paid-in capital 2,798,895 2,798,895
Special reserve 2,686,899 2,686,899
Statutory reserve
Retained earnings (accumulated deficit) 154,802 (1,153,912)
Accumulated other comprehensive loss (527,159) (602,732)
TOTAL SHAREHOLDERS’ EQUITY 5,114,712 3,730,425
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 37,317,874 31,807,778
Related Party    
Current assets:    
Advances to suppliers, related parties 118,527
Due from related parties 5,228
Current liabilities:    
Accounts payable, related parties 26,489
Due to related parties $ 6,217,338 $ 5,143,893